Daily Report March 11, 2026: First Million-AED Price Drops, DLD Registers 649 Sales
Wednesday on the Dubai real estate market brought two things: predictably lower DLD transaction volumes and the first truly significant price corrections in Bayut listings. Both deserve attention.
DLD: 649 Sales Worth AED 2.19B
Dubai Land Department registered 649 sales transactions today, totaling AED 2.19 billion. Wednesdays tend to be quieter, so the number alone isn't alarming. The average transaction price came in at AED 3.38 million.
What's more telling is the Wednesday-to-Wednesday trend over the past six weeks:
| Wednesday | Sales | Volume |
|---|---|---|
| Feb 4 | 879 | AED 2.83B |
| Feb 11 | 788 | AED 6.80B |
| Feb 18 | 730 | AED 2.62B |
| Feb 25 | 634 | AED 2.31B |
| Mar 4 | 472 | AED 1.75B |
| Mar 11 | 649 | AED 2.19B |
The trend is clear: from nearly 900 deals in early February, we're now at 649 — roughly a 26% decline. The March business-day average stands at 572 transactions, putting today slightly above the line — but that average is largely dragged down by the first week when the conflict began. Today's numbers are in line with a typical pre-conflict Wednesday, yet significantly below the levels seen in earlier weeks this year. Wednesday counts fluctuate, but the direction is unmistakable.
Bayut Is Moving — This Time in Millions
Until now, we've mostly tracked modest corrections of a few percent. Today, for the first time, we're seeing price adjustments in the millions of AED on specific listings — including premium locations.
Two examples stand out:
Villa in Jumeirah Park, District 6 — a custom-built 4-bedroom corner villa. The asking price dropped from AED 18.5M to AED 14.5M, a cut of AED 4 million (−21.6%). That's the single largest price move we've recorded so far.
Apartment in Dubai Hills Estate, Park Heights — a spacious 2-bedroom with a huge terrace and park views. The price fell from AED 8.5M to AED 5.5M — a drop of AED 3 million (−35.3%). In percentage terms, one of the steepest moves of the day.
The top 10 absolute drops today also include a plot in Dubai Hills Estate (−AED 3M), a luxury apartment in Dubai Harbour (−AED 2.98M), and a Polo Home in Arabian Ranches listed at nearly AED 46M with a correction of AED 2.9M.
484 Price Drops vs. 87 Increases
The overall ratio remains decisive: 85% of all price changes are decreases. The average drop is 5.8%, while average increases hit 8.4%. The highest concentration of drops is in Business Bay (45 listings), JVC (35), and Dubai Marina (25).
That said, there's movement in the other direction too. A 1-bedroom in JVC jumped nearly 49%, and a unit in DIFC rose 44%. These appear to be individual corrections — mispriced listings or negotiation adjustments — rather than a broad upward trend.
What to Watch Next
Thursday and next week will be key. DLD numbers still partly reflect transactions closed before the current situation — registration takes several days. The true impact on deal volume won't fully show until next week's data.
On the supply side, the signal is clearer: sellers are adjusting. The question is whether this is cautious repositioning or the beginning of a broader repricing. If multi-million AED drops become more common outside the premium segment, that will be a significant indicator.
The market is still running. But it's watching more carefully now.
