Quality of Life and the Value of a Home
January 17, 2026
More properties are changing hands than at any time since the crisis. Why transaction volume matters as much as prices, and what is driving it.
Director of Research
Previously with Knight Frank's Global Research team. Michael brings deep expertise in cross-border capital flows and emerging market real estate dynamics.
Prices attract the headlines, but transaction volume, the number of properties changing hands, is often a better indicator of a market's health. In Dubai, volumes have been rising from their low point, suggesting that buyers and sellers are finding agreement more easily and that liquidity is returning.
Lower prices compared with the peak, cash buyers from the region and beyond, residents upgrading and a gradual improvement in lending are all contributing.
Completed apartments and villas in established communities account for most transactions. Off-plan activity remains limited compared with the boom.
Registration of transactions with the Land Department provides transparency and security for buyers. Data from registrations gives the market better information than ever before.
Sellers who price realistically and present properties well are finding buyers. Those who expect boom-era prices are still waiting.
Transaction figures combine two very different types of sale. Ready transactions involve completed homes changing hands, usually between owners, and reflect demand from people who want to live in or rent a property now. Off-plan transactions involve homes not yet built, sold by developers or resold by early buyers. A recovery led by ready sales indicates real occupier demand, while a surge in off-plan resales can indicate speculation. In Dubai today, most activity is in ready properties, which is a sign of a recovery based on use rather than trading. Watching how this balance changes over the coming months will help investors judge whether the market is maturing or returning to the habits of the boom.
Rising transaction volumes are a welcome sign of a healthier, more liquid market. We help sellers price correctly and buyers act with confidence based on recent evidence.