Dubai Residential Property Prices Hit Record High in June 2026
Dubai's residential property market reached another milestone in June 2026, with the median price per square foot climbing to fresh record highs across both the primary and resale markets.
According to DXB Interact, median prices continued their steady upward trajectory despite regional geopolitical developments, underlining the resilience of Dubai's real estate sector and its ability to sustain growth amid broader global economic uncertainty.
Primary market reaches a record high
The median price per square foot in Dubai's primary residential market, where developers sell directly to buyers, rose to AED 1,715 (USD 467) in June 2026, marking the highest monthly level since DXBinteract's data series began in 2014.
The figure represents a 0.5% year-on-year increase compared with June 2025 and a cumulative gain of 69.4% over June 2014.
DXBinteract data shows the median price stood at AED 1,012 (USD 276) per square foot in June 2014 before edging up to AED 1,022 (USD 279) in 2015. It then eased to AED 989 (USD 270) in 2016 and AED 973 (USD 265) in 2017.
As Dubai's property market entered a new growth cycle, the median price increased to AED 1,130 (USD 308) in 2018 and AED 1,355 (USD 369) in 2019 before retreating to AED 1,045 (USD 285) in 2020 as the Covid-19 pandemic disrupted global markets.
Since then, prices have risen consistently. The median reached AED 1,119 (USD 305) in 2021, AED 1,227 (USD 334) in 2022 and AED 1,546 (USD 421) in 2023. After a slight decline to AED 1,505 (USD 410) in 2024, the market recovered to AED 1,707 (USD 465) in 2025 before reaching a new record of AED 1,715 (USD 467) in June 2026.
Resale market also sets a new record
Dubai's resale residential market also recorded its highest level on record.
The median resale price climbed to AED 1,536 (USD 419) per square foot in June 2026, representing a 3.4% increase from the same month last year and a 34.5% rise compared with June 2014.
According to DXB Interact, the median resale price stood at AED 1,142 (USD 311) per square foot in June 2014 before falling to AED 994 (USD 271) in 2015, AED 981 (USD 267) in 2016 and AED 935 (USD 255) in 2017.
The market continued to soften, with the median price declining to AED 835 (USD 228) in 2018 and AED 702 (USD 191) in 2019 before reaching a cycle low of AED 576 (USD 157) in 2020.
The market has since staged a sustained recovery. Median resale prices rose to AED 827 (USD 225) in 2021, AED 973 (USD 265) in 2022, AED 1,237 (USD 337) in 2023 and AED 1,323 (USD 360) in 2024. They then increased to AED 1,485 (USD 405) in 2025 before reaching a record AED 1,536 (USD 419) per square foot in June 2026.
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