Despite the recent uptick in regional geopolitical tensions, Dubai’s real estate sector is demonstrating remarkable stability, according to insights from Betterhomes. While second-quarter transaction volumes saw a year-on-year decline of 31 percent, industry experts suggest these figures are a lagging indicator reflecting the peak of earlier conflicts rather than a current downturn. In fact, market activity showed a clear rebound toward the end of the quarter, with monthly transactions climbing from roughly 9,000 in May to 13,000 by June. Betterhomes CEO Richard Waind emphasized that there has been no sign of panic selling, as the market is increasingly driven by end-users and long-term holders rather than speculative investors.

The off-plan market continues to command the majority of total transactions, even as developers have moderated the pace of new project launches to help stabilize pricing and manage supply. While the luxury segment—defined by properties over Dh15 million—experienced the most significant dip due to a seasonal decrease in international visitors, the emirate still vastly outperforms global hubs like London in high-end volume. With developers still on track to deliver approximately 75,000 units this year and demand showing signs of renewed strength, analysts remain optimistic that the market will continue its steady recovery as global interest returns in the coming months.