Dubai residential property prices have moderated following robust first-half 2026 gains, with the PIX© index at 203.6 in August 2026 (January 2012 base of 100), reflecting a 2.6% year-over-year decline amid broader market cooling. Transaction volumes surged early in the year, exceeding AED 252 billion in Q1 with strong foreign investment and 48,000-plus buyers, but August sales fell 37% year-over-year as increased supply from completed projects weighed on values, particularly in mainstream segments. Luxury and off-plan activity has shown greater resilience, supported by high-net-worth demand, while average transaction values edged higher month-over-month in recent data. With additional project deliveries expected through year-end and rental yields remaining attractive globally, the index path hinges on whether investor inflows sustain amid selective buying and potential further price stabilization.