Dubai's real estate market is stabilizing in late 2026 after rapid prior expansion, with the PIX property price index at 205.8 in September and the DFM Real Estate Index near 11,343 as of mid-October. Q3 transaction volumes fell about 38% year-over-year to roughly 34,000 deals worth AED 67–71 billion, reflecting reduced off-plan launches and a buyer shift toward ready properties, where secondary sales rose 16% quarter-over-quarter. Median prices per square foot eased modestly on a like-for-like basis but remained above 2025 levels in prime segments, supported by population inflows, foreign investment, and record leasing demand. A large future supply pipeline of over 525,000 units through 2030 and moderating new launches will likely shape near-term price trajectories and index levels through year-end.