Dubai Real Estate Market 2026–2028: A New Housing Wave for Buyers & Renters
Dubai’s property market has entered a crucial turning point. After two record-breaking years of rising prices and strong demand, analysts now expect a massive new wave of housing supply between 2026 and 2028.
For buyers and renters, this could be both an opportunity and a challenge — depending on how you position yourself in the next two years.
A Surge of New Homes on the Horizon
According to the latest report from Prop News Time, the city is set to deliver between 200,000 and 300,000 new residential units by 2028, with the peak supply years expected in 2026 and 2027.
This wave covers everything from affordable apartments in outer communities to luxury villas and waterfront projects — reflecting Dubai’s continuous expansion toward becoming a global living hub.
What’s Driving the Boom?
Population growth: Dubai’s population is projected to surpass 3.9 million by 2028, fueling continuous housing demand.
Visa and residency reforms: The Golden Visa and long-term residency options keep attracting skilled professionals and global investors.
Strong rental yields: Despite high prices, rental returns in Dubai remain among the best globally (averaging 6–8%).
Developer incentives: Flexible payment plans and post-handover schemes make off-plan properties more accessible for first-time buyers.
These factors keep the market active — but the incoming supply could rebalance prices and offer more options for residents.
What It Means for Buyers and Renters
For Buyers
If you’re planning to buy property in Dubai, the next two years may bring:
More choices and better deals: Developers will compete for buyers, especially in mid-income segments.
Potential price stabilization: After years of sharp increases, prices could level off or correct slightly in certain areas.
Investment opportunities: Areas with strong infrastructure and lifestyle appeal (like Dubai Hills, JVC, and Dubai South) could hold value even during supply peaks.
For Renters
Renters may finally get some relief as new units hit the market. With more inventory:
Rental prices could stabilize, especially in apartment communities.
Luxury rents, however, may stay firm due to limited prime supply in waterfront and central locations.
Experts See Three Possible Scenarios
Based on the Prop News Time analysis, Dubai’s real estate market could move in three possible directions between 2026 and 2028:
Soft Landing: Prices stabilize, demand remains steady, and developers phase delivery to avoid oversupply.
Moderate Correction: Some areas — particularly smaller apartments — could see price drops of 10–15%.
Sustained Growth: Population and foreign demand absorb most of the supply, keeping the market resilient and balanced.
How to Make the Most of It
Here are four strategic moves for anyone looking to buy or rent in Dubai’s changing real estate market:
Focus on quality locations – Properties near metro lines, schools, and key business districts retain long-term value.
Consider off-plan carefully – Off-plan can be profitable if delivery and developer track record are solid.
Think rental yield first – Even if prices dip slightly, strong rental returns can offset short-term volatility.
Negotiate and compare – Developers will likely offer incentives, so compare payment plans and handover terms closely.
