Dubai’s residential property market has entered a stabilization phase in late 2026 after record 2025 volumes, with the PIX Dubai Property Price Index at 205.8 as of September (base 100 in January 2012), down 4.0% year-over-year and 0.5% month-over-month. Transaction values and counts fell sharply from 2025 peaks, with Q3 residential sales at roughly AED 67–71 billion across about 34,000 deals, reflecting fewer off-plan launches, buyer selectivity favoring ready homes, and a shift toward secondary transactions. Median prices per square foot eased modestly quarter-over-quarter while remaining above year-ago levels, supported by resilient rental demand and population-driven fundamentals. Large forthcoming supply from 2027 onward and financing conditions represent key variables for the index’s final 2026 reading.