MENAT Real Estate Trends (May) Dubai prices soften and rents fall faster; Abu Dhabi diverges

Research evidence excerpt

MENAT Real Estate Trends (May) Dubai prices soften and rents fall faster; Abu Dhabi diverges

Equities

REMDMENAT Real Estate Trends (May)

Dubai prices soften and rents fall faster; Abu Dhabi diverges United Arab Emirates

◆ Dubai’s residential market softens further as apartment prices lead declines, villas stay marginally positive, and Stephen Bramley-Jackson*

rents fall faster than sale prices Global Head of Real Estate Research HSBC Bank Middle East Limited, Dubai branch

stephen.bramley-jackson@hsbc.com

◆ Apartment prices continue to lift Abu Dhabi’s sales index, yet softer villa performance and declining rents +971 4 423 6903

suggest momentum is moderating Alok Baid*

Associate

Bangalore

◆ Rising demand lifts Sharjah rents sharply while investor confidence powers record sales, supported by

infrastructure upgrades and a new supply pipeline Issuer of report:

HSBC Bank Middle East Limited, Dubai branch

Cooling sales and a steeper rental pullback in Dubai. Residential sale Dubai spillover lifts Sharjah rents as property sales soar. Sharjah’s

17 June 2026

prices continued to soften in Dubai over the first five months of 2026. housing market is in a strong upswing on both rentals and sales, fuelled by

REIDIN data show overall prices down 1.7% YTD, with the weakness population growth and sustained “spillover” demand from Dubai as residents * Employed by a non-US affiliate of HSBC Securities (USA) Inc,

and is not registered/ qualified pursuant to FINRA regulations

concentrated in apartments (-2.0%), while villa prices remained slightly seek better value while keeping commuter connectivity. On the rental side,