Dubai records highest-ever monthly rental contracts as property sales climb to $9bn

Dubai recorded a record 40,022 rental contracts in June as property sales rose to $9bn, with Dubai South leading market growth.

Dubai’s property market reached another milestone in June after recording the highest monthly number of rental contracts on record, while sales transactions climbed sharply in both value and volume, underlining continued confidence among buyers and tenants.

According to a market analysis and based on open data from DXBinteract, the emirate registered 40,022 rental contracts during June, the highest monthly total ever recorded.

At the same time, 13,933 property sales transactions worth AED33.2bn ($9bn) were completed, representing a 35.5 per cent month-on-month increase in volume and a 14.9 per cent rise in value.

Dubai rental market reaches new high

The record rental performance was driven by growth across both new and renewed tenancy contracts.

During June:

• Total rental contracts: 40,022
• New contracts: 19,245, up 48.6 per cent year-on-year
• Renewed contracts: 20,777, up 28.5 per cent year-on-year

The figures indicate sustained demand from both new residents entering the market and existing tenants choosing to remain in Dubai.

The June performance brought second-quarter sales to:

• 38,157 transactions
• AED110.2bn ($30bn)

For the first half of 2026, Dubai recorded:

• 86,077 property sales
• AED286.2bn ($77.9bn)

Buyers and tenants remain confident

Buyers and tenants are showing a growing amount of confidence, and this is reflected in both rentals and sales, and across each of the property sectors.

“The consistent performance of Dubai South is what moves a location from emerging to established in buyers’ minds, and this is also a good sign for the market’s long-term direction.”

June recorded month-on-month growth across every major property segment.

• Villas: 1,474 sales worth AED7.5bn ($2bn), up 46.5 per cent
• Apartments: 11,605 sales worth AED17.8bn ($4.8bn), up 32.3 per cent
• Commercial properties: 478 transactions worth AED2.3bn ($626.2m), up 42.7 per cent
• Plots: 276 transactions worth AED5.4bn ($1.5bn), up 68.3 per cent

Primary sales continued to dominate, accounting for 10,398 transactions worth AED21.6bn ($5.9bn), compared with 3,535 resale transactions worth AED11.6bn ($3.2bn).

Dubai South leads the market again

For the fourth consecutive month, Dubai South ranked as Dubai’s best-performing location.

The area recorded:

• 2,869 transactions
• AED3.3bn ($898.5m) in sales
• 111 per cent month-on-month growth in transaction volume
• 106 per cent month-on-month growth in sales value

It also marked the eighth consecutive month that Dubai South has featured among Dubai’s top five performing locations.

Most expensive deals

The most expensive apartment sold during June was a AED200m ($54.5m) residence at Bugatti Residences By Binghatti in Business Bay.

The most expensive villa changed hands for AED89m ($24.2m) at Eden Hills.