Business Park, Meydan Market Report: Q3 2026
In Q3 2026, the median apartment price in Business Park, Meydan was AED 3,462 per sq ft, across 269 residential sales transactions worth AED 514 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 269
- Residential sales transactions −10.6%
- AED514 million
- Sales value −17.6%
- AED3,462
- Apartments, median price per sq ft −4.3%
- 100%
- Off-plan share of sales 269 off-plan sales
- 0
- New lease registrations (Ejari)
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Apartment sales
Off-planReadyTotal sales
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FAQ
How many residential sales transactions were recorded in Business Park in Q3 2026?
Residential sales transactions in Business Park totalled 269 in Q3 2026, worth AED 514 million. Sales declined 10.6% quarter-on-quarter. Off-plan sales accounted for 100% of the total and owner resales 0%.
What is the price per sq ft in Business Park?
The median apartment price in Business Park was AED 3,462 per sq ft in Q3 2026, across 269 sales; it declined 4.3% quarter-on-quarter, and was 105% above the Dubai median.
Are property prices in Business Park going up or down?
The median apartment price in Business Park declined 3.9% between Q1 2026 and Q3 2026, from AED 3,604 to AED 3,462 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 1,004 | AED 1.80 billion | AED 3,604 | – | 0 | – | – |
| Q2 2026 | 301 | AED 623 million | AED 3,618 | – | 0 | – | – |
| Q3 2026 | 269 | AED 514 million | AED 3,462 | – | 0 | – | – |
How much does a home in Business Park cost by number of bedrooms?
In Business Park in Q3 2026, median prices were AED 1.3 million for a studio apartment (167 sales); AED 2.3 million for a 1-bedroom apartment (62 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 167 | AED 1.3 million | AED 3,421 |
| 1-bed | 62 | AED 2.3 million | AED 3,679 |
| 2-bed | 33 | AED 3.3 million | AED 3,219 |
| ⚠3-bed | 7 | AED 5.3 million | AED 4,016 |
How much does property in Business Park cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Business Park in Q3 2026, the median apartment price of AED 3,462 per sq ft is approximately $943 per sq ft.
How does Business Park compare with Dubai?
The median apartment price in Business Park was 105% above the Dubai median in Q3 2026, at AED 3,462 per sq ft compared with AED 1,692.
| Measure | Business Park | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 3,462 | AED 1,692 |
| Off-plan share of sales | 100% | 69% |
Which buildings in Business Park recorded the most sales?
Maybach Six by Binghatti recorded the most sales of any building in Business Park in Q3 2026, with 175 sales worth AED 297 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Maybach SixBusiness Park | Binghatti | 175 | AED 297 million | 100% | AED 3,487 |
| Maybach Ultimate LuxuryBusiness Park | Binghatti | 38 | AED 81.8 million | 100% | AED 3,669 |
| Project MaybachBusiness Park | Binghatti | 35 | AED 66.3 million | 100% | AED 3,396 |
| ⚠Tonino Lamborghini ResidencesBusiness Park | Gulf Land Property Developers | 17 | AED 50.5 million | 100% | AED 2,500 |
| ⚠Vision IconicBusiness Park | Binghatti | 4 | AED 18.1 million | 100% | AED 3,061 |
Which developers recorded the most off-plan sales in Business Park?
Binghatti recorded the most off-plan sales in Business Park in Q3 2026, with 252 sales worth AED 463 million, accounting for 94% of off-plan sales. It was followed by Gulf Land Property Developers (17).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Binghatti | 252 | AED 463 million | 94% |
| Gulf Land Property Developers | 17 | AED 50.5 million | 6% |
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). Business Park, Meydan Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/business-park-meydan/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.