Cushman & Wakefield Core's most recent data shows that Dubai is on track to build 44,000 homes by 2025. This will be the most completions in five years, as projects that started during the boom after the pandemic come to an end.

The increase in completions is a turning point for Dubai's residential market. It is moving from a time when there wasn't enough supply to one where factors like location and quality will become more important in determining performance.

Dubai got more than 7,800 units in the third quarter of 2025, and it is expected to get another 14,900 in the fourth quarter. The real estate consulting company says that completions will go up even more in 2026, with more than 69,000 units expected as the surge of projects that started in the last three to four years continues to finish.

"Dubai's residential market is moving into a more balanced phase," said Prathyusha Gurrapu, Head of Research and Consultancy at Cushman & Wakefield Core. "With record deliveries and more people moving in, the market is becoming one where fundamentals like location and quality will play a bigger role in performance."   The best places will stay the same, but the less important ones will get more supplies.

The average price of a home in the city was Dh1,871 per square foot in the third quarter of 2025. This is 13% more than the same time last year. But it's clear that growth is slowing down, especially in the apartment market. Prices are expected to drop even more in the next few quarters because there is a steady flow of new supply into the market.

Villa communities are going against the flow. Palm Jumeirah, Dubai Hills, The Springs, The Meadows, and Jumeirah Village Circle are still growing at rates of 10% or more because there isn't much supply and demand from end users is high. On the other hand, mid-market apartment areas are showing signs of saturation, with only small improvements from year to year.

The study said, "While strong demand continues to support absorption and is expected to remain underpinned by record population growth, the new stock is likely to gradually temper the market, contributing to the ongoing moderation in both price and rental growth."

There are currently more than four million people living in Dubai, and by 2030, there will be five million. There is a lot of demand for all kinds of property, which fits with the government's long-term plans like the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan.

"It's clear that the Dubai real estate market is moving into a new phase of stability and maturity," said Haider Ali Khan. Overall, prices are rising more slowly because supply is increasing and investors are feeling stable. But well-established communities keep doing well because they have strong infrastructure and steady demand.

As Dubai's market gets more balanced, prices will be less driven by broad market patterns and more by things like the developer's reputation and location. Prime locations with few options should preserve their worth, while secondary areas will have to adapt to more options.

The change illustrates that the real estate market is changing. Investors are having to make more sophisticated decisions, and demand from end users is having a stronger effect on market results.