The last 90 days, from Dubai Land Department transaction data: about 13,900 sales in June, about 14,100 in July, about 12,000 in August. Roughly 42,000 sales in total, worth about AED 97 billion.
What the spring did. When missiles and drones started reaching the Gulf in early March, buyers paused. Sales fell from about 17,000 in February to about 13,500 in March, down 21%. May was the low of the series, about 10,300 sales.
What it did not do. The median price per square foot across all Dubai sales moved between about 1,640 and 1,800 from February to August. May was the low at about 1,640, down 8.7% on April, and it recovered the month after. Most months sat within 5% of each other. We use price per square foot here because the median price follows the mix of what sold, and the mix swung hard in the spring.
Our read: volume is where fear shows first, price is where the market is decided. In this cycle the fear came out as a pause in deals, not as a fall in values, and the buyers who had their checks already done bought well. We would read it differently if a shock ever moved the price line the way it moved the volume line, and we would say so plainly.
What we tell a buyer: a window like the spring is short and does not announce itself. Being ready is the whole advantage: paperwork, finance and a shortlist, done before the news.
Source: Dubai Land Department transaction data, December 2025 to August 2026, all categories.