DAMAC Islands 2, Mira and Reem Market Report: Q3 2026
In Q3 2026, the median villa and townhouse price in DAMAC Islands 2, Mira and Reem was AED 3.1 million, across 433 residential sales transactions worth AED 1.53 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 433
- Residential sales transactions −28.4%
- AED1.53 billion
- Sales value −27.8%
- AED3.1 million
- Villas and townhouses, median price +3.3%
- 59%
- Off-plan share of sales 257 off-plan sales
- 187
- New lease registrations (Ejari) +48.4%
- AED162,500
- Villa rent, median a year Broadly unchanged
- 4.9%
- Gross rental yield, villas
Villas and townhouses, median price
Villa and townhouse rent, median a year
Villa and townhouse sales
Off-planReadyTotal sales
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in DAMAC Islands 2 in Q3 2026?
Residential sales transactions in DAMAC Islands 2 totalled 433 in Q3 2026, worth AED 1.53 billion. Sales declined 28.4% quarter-on-quarter. Off-plan sales accounted for 59% of the total and owner resales 12%.
How much does a villa cost in DAMAC Islands 2?
The median villa and townhouse price was AED 3.1 million, across 433 sales; it rose 3.3% quarter-on-quarter.
Are property prices in DAMAC Islands 2 going up or down?
The median villa or townhouse price in DAMAC Islands 2 rose 8.3% between Q1 2026 and Q3 2026, from AED 2.9 million to AED 3.1 million.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 2,873 | AED 9.57 billion | – | AED 2.9 million | 125 | – | – |
| Q2 2026 | 605 | AED 2.12 billion | – | AED 3.0 million | 126 | – | – |
| Q3 2026 | 433 | AED 1.53 billion | – | AED 3.1 million | 187 | – | – |
How much does a home in DAMAC Islands 2 cost by number of bedrooms?
In DAMAC Islands 2 in Q3 2026, median prices were AED 2.9 million for a 4-bedroom villa or townhouse (167 sales); AED 4.1 million for a 5-bedroom villa or townhouse (110 sales).
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| 3-bed | 31 | AED 3.1 million | 132 | AED 155,000 | 5.0% |
| 4-bed | 167 | AED 2.9 million | 55 | AED 190,000 | 4.9% |
| 5-bed | 110 | AED 4.1 million | 0 | – | – |
What is the average rent in DAMAC Islands 2?
New villa and townhouse lease registrations had a median rental rate of AED 162,500 a year, across 187 registrations. 187 new leases and 266 renewals were registered with Ejari.
What is the rental yield in DAMAC Islands 2?
The gross rental yield on ready villas and townhouses in DAMAC Islands 2 was 4.9% in Q3 2026, comparing median new rents with median ready sale prices.
How much does property in DAMAC Islands 2 cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in DAMAC Islands 2 in Q3 2026, the median villa and townhouse price of AED 3.1 million is approximately $855,918.
How many prime sales were recorded in DAMAC Islands 2?
5 prime sales (AED 10 million and above) were recorded in DAMAC Islands 2 in Q3 2026, worth AED 55.9 million and accounting for 1.2% of sales. Villas and townhouses accounted for 5 of them and off-plan sales for 0.
How does DAMAC Islands 2 compare with Dubai?
The median villa and townhouse price in DAMAC Islands 2 was 15% below the Dubai median in Q3 2026, at AED 3.1 million compared with AED 3.7 million.
| Measure | DAMAC Islands 2 | Dubai |
|---|---|---|
| Villas and townhouses, median | AED 3.1 million | AED 3.7 million |
| Villa rent, median a year | AED 162,500 | AED 180,000 |
| Gross yield, villas | 4.9% | 4.4% |
| Off-plan share of sales | 59% | 69% |
Which sub-communities in DAMAC Islands 2 recorded the most sales?
Antigua 1 by DAMAC recorded the most sales of any sub-community in DAMAC Islands 2 in Q3 2026, with 100 sales worth AED 369 million.
| Sub-community | Developer | Sales | Value | Off-plan |
|---|---|---|---|---|
| Antigua 1DAMAC ISLANDS 2 | DAMAC | 100 | AED 369 million | 100% |
| Bahamas 2DAMAC ISLANDS 2 | DAMAC | 36 | AED 112 million | 100% |
| CubaDAMAC ISLANDS 2 | DAMAC | 33 | AED 95.6 million | 100% |
| Bahamas 1DAMAC ISLANDS 2 | DAMAC | 26 | AED 113 million | 88% |
| BermudaDAMAC ISLANDS 2 | DAMAC | 24 | AED 102 million | 88% |
| Tahiti 1DAMAC ISLANDS 2 | DAMAC | 14 | AED 46.3 million | 100% |
| Bora Bora 3DAMAC ISLANDS | DAMAC | 13 | AED 54.6 million | 0% |
| Fiji 2DAMAC ISLANDS | DAMAC | 12 | AED 37.6 million | 0% |
| Bora Bora 1DAMAC ISLANDS | DAMAC | 11 | AED 39.0 million | 0% |
| Seychelles 2DAMAC ISLANDS | DAMAC | 11 | AED 33.5 million | 0% |
Which developers recorded the most off-plan sales in DAMAC Islands 2?
DAMAC recorded the most off-plan sales in DAMAC Islands 2 in Q3 2026, with 257 sales worth AED 879 million, accounting for 100% of off-plan sales.
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| DAMAC | 257 | AED 879 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). DAMAC Islands 2, Mira and Reem Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/damac-islands-2-mira-reem/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.