...October 28, 2025 This report does not constitute a rating action. Property developers' pre-sales momentum in Dubai's residential housing market remains strong. Until September 2025, total off-plan sales transactions had risen 39% year on year and ready property market transactions had declined by 7%, according to Valustrat. In addition, off-plan prices per square foot are up by 5% since the start of 2025 but ready property prices have stabilized as the governments of the United Arab Emirates (UAE) and Dubai continue to roll out investor friendly reforms, fueling the demand for real estate. S&P Global Ratings believes most of the new housing units to be completed in 2025-2027 will be absorbed by the currently strong population growth in Dubai, limiting the risk of oversupply. Here, we address questions from market participants about Dubai's residential real estate rally and key factors that may influence it over the next two years....
