Dubai rental contracts hit Dh32.2 billion in Q1 2026 amid steady market momentum
New and renewed agreements signal sustained tenant activity
DUBAI – Dubai’s rental market maintained a steady trajectory in the first quarter of 2026, with total contract values reaching Dh32.2 billion, according to data released by the Dubai Land Department.
The figures underline consistent activity levels across the emirate, supported by a well-regulated framework and resilient economic conditions. Market indicators point to a stable leasing environment that continues to adapt to evolving demand while maintaining investor and tenant confidence.
The latest data reflects a balanced ecosystem shaped by clear legislation and proactive governance, reinforcing Dubai’s position as a dependable real estate hub. Continued policy support and sector-wide integration have enabled the market to sustain momentum without significant volatility.
Leasing activity
A total of 118,385 new rental contracts were recorded during the quarter, alongside 135,607 renewals, highlighting sustained engagement across both new and existing tenants. The strong renewal figures indicate stable landlord–tenant relationships, supported by transparency and consistent regulatory oversight.
In another key indicator, cancelled contracts declined by 25 per cent compared to previous periods. This drop suggests improved rental-cycle stability and reduced market fluctuations, reflecting greater cohesion across the sector. The data points to a leasing environment where long-term occupancy trends are becoming more predictable.
Market expansion
The number of real estate offices operating in Dubai reached 10,200 by the end of Q1, signalling a broadening base of market participants. This expansion is contributing to enhanced efficiency and service quality, supporting both investors and end users.
Additionally, 3,599 real estate licences were registered across various activities. Sales and purchase brokerage accounted for 1,564 licences, followed by leasing brokerage with 928, while transaction follow-up services reached 376. Real estate development licences totalled 128, with other categories covering consultancy, valuation, mortgage brokerage, and property management services.
Sector outlook
The diversity of licensed activities reflects the depth and maturity of Dubai’s real estate ecosystem, which integrates development, investment, and regulatory functions.
Market performance continues to align with a balanced supply-demand equation, supported by ongoing project delivery and diversified property offerings.