Al Kifaf Market Report: Q3 2026
In Q3 2026, the median apartment price in Al Kifaf was AED 2,196 per sq ft, across 77 residential sales transactions worth AED 231 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 77
- Residential sales transactions −4.9%
- AED231 million
- Sales value +3.2%
- AED2,196
- Apartments, median price per sq ft Broadly unchanged
- 66%
- Off-plan share of sales 51 off-plan sales
- 125
- New lease registrations (Ejari) +45.3%
- AED98
- Apartment rent per sq ft, a year −1.1%
- 5.1%
- Gross rental yield, apartments⚠ 26 −0.2 pts
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Apartment rent, median per sq ft a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in Al Kifaf in Q3 2026?
Residential sales transactions in Al Kifaf totalled 77 in Q3 2026, worth AED 231 million. Sales declined 4.9% quarter-on-quarter. Off-plan sales accounted for 66% of the total and owner resales 25%.
What is the price per sq ft in Al Kifaf?
The median apartment price in Al Kifaf was AED 2,196 per sq ft in Q3 2026, across 76 sales; it remained stable quarter-on-quarter, and was 30% above the Dubai median.
Are property prices in Al Kifaf going up or down?
The median apartment price in Al Kifaf rose 4.3% between Q1 2026 and Q3 2026, from AED 2,106 to AED 2,196 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 51 | AED 158 million | AED 2,106 | – | 77 | AED 116 | 5.7% |
| Q2 2026 | 81 | AED 224 million | AED 2,186 | – | 86 | AED 99 | 5.2% |
| Q3 2026 | 77 | AED 231 million | AED 2,196 | – | 125 | AED 98 | 5.1% |
How much does a home in Al Kifaf cost by number of bedrooms?
In Al Kifaf in Q3 2026, median prices were AED 2.6 million for a 2-bedroom apartment (43 sales); AED 3.9 million for a 3-bedroom apartment (22 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠1-bed | 10 | AED 2.0 million | AED 2,260 |
| 2-bed | 43 | AED 2.6 million | AED 2,088 |
| ⚠3-bed | 22 | AED 3.9 million | AED 2,264 |
| ⚠4-bed | 2 | AED 4.9 million | AED 2,301 |
What is the average rent in Al Kifaf?
The median rental rate on new apartment lease registrations (Ejari) in Al Kifaf was AED 98 per sq ft a year in Q3 2026, across 125 registrations. 125 new leases and 89 renewals were registered with Ejari.
What is the rental yield in Al Kifaf?
The gross rental yield on ready apartments in Al Kifaf was 5.1% in Q3 2026, comparing median new rents with median ready sale prices per sq ft.
How much does property in Al Kifaf cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Al Kifaf in Q3 2026, the median apartment price of AED 2,196 per sq ft is approximately $598 per sq ft; the median new apartment rental rate of AED 98 per sq ft a year is approximately $27.
How does Al Kifaf compare with Dubai?
The median apartment price in Al Kifaf was 30% above the Dubai median in Q3 2026, at AED 2,196 per sq ft compared with AED 1,692.
| Measure | Al Kifaf | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 2,196 | AED 1,692 |
| New apartment rent, per sq ft a year | AED 98 | AED 94 |
| ⚠Gross yield, apartments | 5.1% | 6.8% |
| Off-plan share of sales | 66% | 69% |
Which buildings in Al Kifaf recorded the most sales?
Avenue Park Towers by wasl recorded the most sales of any building in Al Kifaf in Q3 2026, with 29 sales worth AED 86.0 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠Avenue Park TowersAl Kifaf | wasl | 29 | AED 86.0 million | 100% | AED 2,293 |
| ⚠Park Gate ResidencesAl Kifaf | wasl | 14 | AED 41.5 million | 0% | AED 1,908 |
| ⚠Park Views Residences AAl Kifaf | wasl | 13 | AED 35.9 million | 100% | AED 2,112 |
| ⚠1 ResidencesAl Kifaf | wasl | 12 | AED 41.2 million | 0% | AED 2,080 |
| ⚠Park Views Residences BAl Kifaf | wasl | 8 | AED 24.7 million | 100% | AED 2,217 |
| ⚠Avenue Park Towers IIAl Kifaf | wasl | 1 | AED 2.2 million | 100% | AED 2,488 |
Which developers recorded the most off-plan sales in Al Kifaf?
wasl recorded the most off-plan sales in Al Kifaf in Q3 2026, with 51 sales worth AED 149 million, accounting for 100% of off-plan sales.
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| wasl | 51 | AED 149 million | 100% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Al Kifaf Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/al-kifaf/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.