‎Dubai residential rents fall in most areas in Q3

‎<p class="ckeCaption"><span ><span ><img src="https://argaamplus.s3.amazonaws.com/700e3b36-ca04-4b9d-8542-a5e97aadbc2a.png" ></span></span>Residential rental prices fall in most Dubai areas in Q3 2026</p> <hr> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="7" > <p >Asking rental prices in Dubai fell over the past year, with more diverse options available to tenants, according to a report from Property Finder.<br> <br> The median annual asking rents for apartments dropped in 9 out of 10 key Dubai areas during Q3 2026 compared to the same period last year, while villa rents fell in 8 out of 10 locations.<br> <br> According to the report, higher supply was the main factor behind the decline in asking rents, as the average number of apartments listed for rent daily on the platform rose 55.1% in September 2026 versus the same month last year, compared to a 15.4% increase in tenant inquiries. With more units competing for each tenant, landlords have been forced to adjust prices.<br> <br> The average number of inquiries per apartment listing fell 23% year-on-year amid rising options for tenants. The aggregate median asking rent for apartments across the 10 areas peaked at AED 135,000 in December 2025 before declining gradually to AED 100,000 by June 2026.<br> <br> Downtown Dubai saw the steepest drop in apartment rents at 21.7%, followed by Dubai Marina at 16.1% and Meydan at 13.3%, while rents in Dubai Hills Estate remained unchanged.<br> <br> The decline in Downtown Dubai spanned all apartment categories by bedroom count, indicating a fall in asking prices rather than just a shift in the types of units available.<br> <br> <strong>Average annual apartment rents in Dubai (AED '000)</strong></p> </td> </tr> <tr > <td colspan="2" > <p ><strong><span >Area</span></strong></p> </td> <td colspan="2" > <p ><strong><span >Q3 2025</span></strong></p> <p ><strong><span >(AED '000)</span></strong></p> </td> <td colspan="2" > <p ><strong><span >Q3 2026</span></strong></p> <p ><strong><span >(AED '000)</span></strong></p> </td> <td > <p ><strong><span >Change</span></strong></p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Downtown Dubai</strong></p> </td> <td colspan="2" > <p >230</p> </td> <td colspan="2" > <p >180</p> </td> <td > <p >(21.7 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Dubai Marina</strong></p> </td> <td colspan="2" > <p >155</p> </td> <td colspan="2" > <p >130</p> </td> <td > <p >(16.1 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Meydan</strong></p> </td> <td colspan="2" > <p >75</p> </td> <td colspan="2" > <p >65</p> </td> <td > <p >(13.3 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Business Bay</strong></p> </td> <td colspan="2" > <p >120</p> </td> <td colspan="2" > <p >105</p> </td> <td > <p >(12.5 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Jumeirah Village Circle (JVC) master community</strong></p> </td> <td colspan="2" > <p >80</p> </td> <td colspan="2" > <p >72</p> </td> <td > <p >(10.0 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Dubai Creek Harbour (The Lagoons)</strong></p> </td> <td colspan="2" > <p >160</p> </td> <td colspan="2" > <p >145</p> </td> <td > <p >(9.4 %)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Mohammed Bin Rashid City</strong></p> </td> <td colspan="2" > <p >119</p> </td> <td colspan="2" > <p >110</p> </td> <td > <p >(7.4%)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Arjan</strong></p> </td> <td colspan="2" > <p >80</p> </td> <td colspan="2" > <p >75</p> </td> <td > <p >(6.3%)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Palm Jumeirah</strong></p> </td> <td colspan="2" > <p >252</p> </td> <td colspan="2" > <p >240</p> </td> <td > <p >(4.8%)</p> </td> </tr> <tr > <td colspan="2" > <p ><strong>Dubai Hills Estate</strong></p> </td> <td colspan="2" > <p >130</p> </td> <td colspan="2" > <p >130</p> </td> <td > <p >--</p> </td> </tr> <tr > <td colspan="7" > <p ><br> For villas, the Arabian Ranches area recorded the largest decline in median asking rents, down 18.9%, followed by Mohammed Bin Rashid City at 15%, and Dubai South at 12.5%.<br> <br> Conversely, median villa rents rose 15.2% in Al Furjan and by nearly 1% in Dubai Hills Estate.<br> <br> The increase in rents in Al Furjan is partly due to a greater supply of five-bedroom villas, with rents for three out of the five comparable categories declined.<br> <br> <strong>Median annual villa rents in Dubai (AED '000)</strong></p> </td> </tr> <tr > <td > <p ><strong><span >Area</span></strong></p> </td> <td colspan="2" > <p ><strong><span >Q3 2025</span></strong></p> <p ><strong><span >(AED '000)</span></strong></p> </td> <td colspan="2" > <p ><strong><span >Q3 2026</span></strong></p> <p ><strong><span >(AED '000)</span></strong></p> </td> <td colspan="2" > <p ><strong><span >Change</span></strong></p> </td> </tr> <tr > <td > <p ><strong>Arabian Ranches 3</strong></p> </td> <td colspan="2" > <p >370</p> </td> <td colspan="2" > <p >300</p> </td> <td colspan="2" > <p >(18.9 %)</p> </td> </tr> <tr > <td > <p ><strong>Mohammed Bin Rashid City</strong></p> </td> <td colspan="2" > <p >1,000</p> </td> <td colspan="2" > <p >850</p> </td> <td colspan="2" > <p >(15.0 %)</p> </td> </tr> <tr > <td > <p ><strong>Dubai South</strong></p> </td> <td colspan="2" > <p >200</p> </td> <td colspan="2" > <p >175</p> </td> <td colspan="2" > <p >(12.5 %)</p> </td> </tr> <tr > <td > <p ><strong>Palm Jumeirah</strong></p> </td> <td colspan="2" > <p >1,677</p> </td> <td colspan="2" > <p >1,500</p> </td> <td colspan="2" > <p >(10.6 %)</p> </td> </tr> <tr > <td > <p ><strong>Jumeirah Village Circle (JVC) master community</strong></p> </td> <td colspan="2" > <p >220</p> </td> <td colspan="2" > <p >200</p> </td> <td colspan="2" > <p >(9.1 %)</p> </td> </tr> <tr > <td > <p ><strong>Al Barsha</strong></p> </td> <td colspan="2" > <p >490</p> </td> <td colspan="2" > <p >450</p> </td> <td colspan="2" > <p >(8.2 %)</p> </td> </tr> <tr > <td > <p ><strong>Jumeirah Park</strong></p> </td> <td colspan="2" > <p >395</p> </td> <td colspan="2" > <p >380</p> </td> <td colspan="2" > <p >(3.8 %)</p> </td> </tr> <tr > <td > <p ><strong>The Springs</strong></p> </td> <td colspan="2" > <p >230</p> </td> <td colspan="2" > <p >225</p> </td> <td colspan="2" > <p >(2.2 %)</p> </td> </tr> <tr > <td > <p ><strong>Dubai Hills Estate</strong></p> </td> <td colspan="2" > <p >520</p> </td> <td colspan="2" > <p >525</p> </td> <td colspan="2" > <p >+ 1.0 %</p> </td> </tr> <tr > <td > <p ><strong>Al Furjan</strong></p> </td> <td colspan="2" > <p >330</p> </td> <td colspan="2" > <p >380</p> </td> <td colspan="2" > <p >+ 15.2 %</p> </td> </tr> <tr height="0"> <td ></td> <td ></td> <td ></td> <td ></td> <td ></td> <td ></td> <td ></td> </tr> </tbody> </table> <div ></div> <p >On the demand side, the report indicated that studio apartments and one-bedroom apartments accounted for the largest share of inquiries in seven out of 10 apartment areas, while villas with three or four bedrooms attracted the highest number of inquiries in eight out of 10 villa areas.<br> <br> Preliminary data for September 2026 showed initial signs of market stability, as the median asking rents for apartments in covered areas rose from AED 100,000 in August to AED 105,000 in September, alongside an improvement in the number of inquiries per listing for both apartments and villas.<br> <br> The report indicated that data from a single month is not sufficient to determine a general market trend.</p>

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Argaam - UAE News · Trade Publication

Published

13th October 2026

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