Dubai’s real estate indices have entered a post-correction stabilization phase in 2026 after a roughly 10% cumulative decline in capital values since late February, driven by regional conflict that weighed on transaction volumes and prompted more selective buyer behavior. ValuStrat’s residential price index hovered near 219–220 points through mid-year (Jan 2021=100 base), while the PIX index stood around 206–210 (Jan 2012=100), reflecting 2–3% year-on-year softness amid moderating prices per square foot. Increased project completions—104 worth AED 111 billion in H1 alone—have boosted supply, yet ready-property sales volumes rebounded sharply in June and population growth to 4.73 million plus visa reforms continue to underpin demand. Traders are watching H2 absorption rates, mortgage activity, and any further policy easing for signals on whether indices hold near current levels or extend the modest recovery trajectory into year-end.