Dubai’s residential price indices have moderated from early-2026 peaks amid elevated supply and softer transaction volumes. The PIX© index stood at 205.8 in September 2026 (January 2012 base), down roughly 4% year-on-year and 6–7% from January–February highs, while ValuStrat’s VPI registered 218.6 (January 2021 base) with a 4.5% annual decline and near-flat monthly readings. Secondary and ready-home sales have gained share as buyers turn selective, supported by strong leasing demand but tempered by regional geopolitical tensions and a 20% rise in forthcoming apartment supply. Median prices per square foot hover near AED 1,650, with modest year-on-year gains in some villa segments offset by apartment weakness. Market-implied sentiment reflects near-term stabilization rather than renewed momentum, with key catalysts including Q4 transaction data and delivery schedules.