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| Photo: RAMI DIBO |
Dubai's real
estate market continues to show strong resilience and stability in 2026,
building on one of the best growth periods in its history, according to the
latest data.
Following a
record-breaking 2025, when property sales totaled Dh686.8 billion across
215,700 transactions, the market has remained active this year, highlighting
Dubai's standing as a top destination for investment and lifestyle.
Population
growth is a major factor driving demand, with Dubai's resident population
expected to reach 4.7 million by the end of 2026.
The peak-hour
population is also projected to rise to 6.5 million, maintaining strong demand
across residential, commercial, and hospitality sectors.
Although the
rate of price increase is easing from the sharp gains seen in recent years, the
market's fundamentals remain solid.
Residential
property values rose by 8.9 per cent annually in the first quarter of 2026, and
villa prices continue to perform better than apartments due to limited supply
and strong buyer interest.
Transaction
levels are still at a high, with Dubai recording Dh286.4 billion in property
sales during the first half of 2026, marking the second-highest first-half
performance on record.
Off-plan sales
continue to dominate, reflecting investors' confidence in Dubai's long-term
growth potential.
In this context,
Grovy Developers has recently begun the main construction work on its boutique
branded residences in Dubai.
The Ramada
Residences at Dubai Islands project is being developed in partnership with
Wyndham Hotels & Resorts and USquare Luxe Properties, the landowner and
development partner.With enabling works completed and structural work now
underway, the project has reached a significant stage of development.
Grovy Developers
has appointed Jaseera Building Contracting LLC as the main contractor for the
project.
"Breaking
ground marks the point where commitments become tangible.
When we
partnered with Wyndham, we promised to deliver the project to a high standard,
and today, we are progressing well in line with that commitment," said
Abhishek Jalan, CEO of Grovy Developers.
Meanwhile,
Casagrand, one of India's top real estate developers, has shared its long-term
growth strategy for the UAE.
The company
plans to develop more than 6 million sq.ft.of premium residential and mixed-use
spaces in Dubai over the next three years.
This
announcement follows a successful first year in the market.
The company’s
first development, Casagrand HERMINA at Dubai Islands, is now 60% sold, while
two additional projects are currently being finalized for signing by the end of
the year.Casagrand is also evaluating land parcels in major masterplans and
emerging growth areas across the emirate.
Luthfullah K,
Director Dubai, Casagrand, stated: "Our first year in Dubai has given us
both confidence and the green light to think bigger.
Over the next three to five years, our goal is to create a balanced portfolio of premium residential developments across Dubai."
The outlook for
Dubai's real estate market is undeniably positive.
Strong
population inflows, ongoing business expansion, significant infrastructure
investments in the billions of dirhams, and a clear regulatory framework are
all supporting long-term demand.Office rents and capital values are expected to
rise by approximately 15 per cent, villas remain in short supply, and
developers continue to launch projects at a fast pace to meet investor demand.
Rather than
indicating a slowdown, the moderation observed in certain segments suggests a
market that is maturing, backed by stronger underlying fundamentals.
For investors,
developers, and homebuyers, Dubai continues to offer one of the most compelling
real estate growth stories in the world.
