Dubai recorded Dh51.3 billion in sales during the month, up 10.6%, with total transactions rising to 18,816 - a 20.5% month-on-month increase. Off-plan deals continued to dominate, making up 65% of sales compared with 62% in June.

In the apartment sector, Jumeirah Village Circle, Business Bay, and Damac Riverside dominated transaction volumes. For villas, The Wilds, Grand Polo Club & Resort, and The Oasis led the way. Citywide, average sales prices were Dh1.99 million for flats, Dh3.25 million for townhouses, and Dh9.7 million for villas.

Leasing activity gained momentum in July, with 39,251 residential rental transactions logged — a 3.4% rise from June. New contracts accounted for 40% of agreements, up from 37% the previous month, signaling an influx of fresh tenants into the market.

Apartment rents in Al Khail Heights rose 1.5% in July to Dh67,500, while Jumeirah villas jumped 4.2% to Dh498,000. Across Dubai, average annual rents reached Dh72,000 for apartments, Dh172,000 for townhouses, and Dh255,000 for villas