Dubai off-plan apartment sales up 12.9% in March
Off-plan residential apartment sales in Dubai rose 12.9% year-on-year to US$4.8 billion (17.5 billion dirhams) in March 2026, compared to US$4.2 billion (15.5 billion dirhams) in the same month last year, according to an analysis of Dubai Land Department (DLD) data by Al Masdar Al Aqaari.
Transaction volumes also increased by 2.3% year-on-year to 7,983 off-plan residential apartment deals, up from 7,801 transactions in March 2025, reflecting continued momentum in Dubai's under-construction residential segment.
Key areas: Dubai Islands dominates value, Madinat Al Mataar leads activity
Dubai Islands emerged as the top-performing area in terms of off-plan residential apartment sales value, generating US$354.2 million (1.3 billion dirhams) from 402 transactions during the month.
Madinat Al Mataar, near Al Maktoum International Airport (DWC), ranked second with US$327 million (1.2 billion dirhams) across 809 off-plan residential apartment transactions, while also leading the market in terms of transaction volume.
Jumeirah Second secured third place with total sales of US$299.7 million (1.1 billion dirhams), driven by just nine high-value off-plan residential apartment transactions within the Dubai Peninsula master development, including Aman Residences Dubai and Peninsula Dubai Residences – Tower 2.
In terms of transaction volume, Madinat Al Mataar led with 809 off-plan residential apartment deals, followed by Dubai Land Residence Complex with 651 transactions worth US$168.6 million (618.9 million dirhams), and Jumeirah Village Circle (JVC), which recorded 570 transactions totalling US$180 million (660.6 million dirhams).
Ultra-luxury off-plan residential segment sees record-breaking deals
The luxury segment was led by Aman Residences Dubai, which recorded the third most expensive off-plan apartment sale in Dubai's history during March.
The transaction, valued at US$115 million (422 million dirhams), involved a 31,201-square-foot off-plan residential apartment sold at US$3,685 (13,525 dirhams) per square foot.
The project also recorded another high-value deal, with a similar-sized off-plan residential apartment selling for US$97.1 million (356.2 million dirhams) at US$3,111 (11,417 dirhams) per square foot.
Meanwhile, the highest price per square foot recorded during the month was at South Square, Madinat Al Mataar, where a 1,230-square-foot off-plan residential apartment sold for US$5.4 million (19.9 million dirhams), equating to US$4,409 (16,180 dirhams) per square foot.
The second-highest rate was recorded at Aman Residences Dubai, where a 3,824-square-foot off-plan residential apartment sold for more than US$15.2 million (55.6 million dirhams), at US$3,963 (14,545 dirhams) per square foot.
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