Dubai Media City Market Report: Q3 2026
In Q3 2026, the median apartment price in Dubai Media City was AED 2,286 per sq ft, across 50 residential sales transactions worth AED 240 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 50
- Residential sales transactions +13.6%
- AED240 million
- Sales value +19.0%
- AED2,286
- Apartments, median price per sq ft −9.8%
- 28%
- Off-plan share of sales 14 off-plan sales
- 4
- New lease registrations (Ejari) −42.9%
- AED161
- Apartment rent per sq ft, a year⚠ 4 +6.9%
- 7.5%
- Gross rental yield, apartments⚠ 4 +0.8 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 Media City in Q3 2026?
Residential sales transactions in Media City totalled 50 in Q3 2026, worth AED 240 million. Sales rose 13.6% quarter-on-quarter. Off-plan sales accounted for 28% of the total and owner resales 28%.
What is the price per sq ft in Media City?
The median apartment price in Media City was AED 2,286 per sq ft in Q3 2026, across 50 sales; it declined 9.8% quarter-on-quarter, and was 35% above the Dubai median.
Are property prices in Media City going up or down?
The median apartment price in Media City declined 24.1% between Q1 2026 and Q3 2026, from AED 3,010 to AED 2,286 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| ⚠Q1 2026 | 54 | AED 340 million | AED 3,010 | – | 7 | AED 154 | 6.8% |
| ⚠Q2 2026 | 44 | AED 202 million | AED 2,535 | – | 7 | AED 151 | 6.6% |
| ⚠Q3 2026 | 50 | AED 240 million | AED 2,286 | – | 4 | AED 161 | 7.5% |
How much does a home in Media City cost by number of bedrooms?
In Media City in Q3 2026, median prices were AED 2.3 million for a 1-bedroom apartment (17 sales); AED 3.9 million for a 2-bedroom apartment (16 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠1-bed | 17 | AED 2.3 million | AED 2,232 |
| ⚠2-bed | 16 | AED 3.9 million | AED 2,285 |
| ⚠3-bed | 14 | AED 5.2 million | AED 2,284 |
| ⚠4-bed | 3 | AED 14.2 million | AED 2,949 |
What is the average rent in Media City?
The median rental rate on new apartment lease registrations (Ejari) in Media City was AED 161 per sq ft a year in Q3 2026, across 4 registrations. 4 new leases and 0 renewals were registered with Ejari.
What is the rental yield in Media City?
The gross rental yield on ready apartments in Media City was 7.5% in Q3 2026, comparing median new rents with median ready sale prices per sq ft.
How much does property in Media City cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Media City in Q3 2026, the median apartment price of AED 2,286 per sq ft is approximately $622 per sq ft; the median new apartment rental rate of AED 161 per sq ft a year is approximately $44.
How many prime sales were recorded in Media City?
5 prime sales (AED 10 million and above) were recorded in Media City in Q3 2026, worth AED 66.9 million and accounting for 10.0% of sales. Villas and townhouses accounted for 0 of them and off-plan sales for 2.
How does Media City compare with Dubai?
The median apartment price in Media City was 35% above the Dubai median in Q3 2026, at AED 2,286 per sq ft compared with AED 1,692.
| Measure | Media City | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 2,286 | AED 1,692 |
| ⚠New apartment rent, per sq ft a year | AED 161 | AED 94 |
| ⚠Gross yield, apartments | 7.5% | 6.8% |
| Off-plan share of sales | 28% | 69% |
Which buildings in Media City recorded the most sales?
Iconic by Mered recorded the most sales of any building in Media City in Q3 2026, with 6 sales worth AED 35.2 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠IconicTecom Site A | Mered | 6 | AED 35.2 million | 100% | AED 3,658 |
| ⚠Cavalli Casa TowerTecom Site A | DAMAC | 5 | AED 30.4 million | 100% | AED 2,590 |
| ⚠The S TowerTecom Site A | Sobha | 3 | AED 44.0 million | 0% | AED 2,949 |
| ⚠Damac CasaTecom Site A | DAMAC | 3 | AED 10.9 million | 100% | AED 2,836 |
Which developers recorded the most off-plan sales in Media City?
DAMAC recorded the most off-plan sales in Media City in Q3 2026, with 8 sales worth AED 41.2 million, accounting for 57% of off-plan sales. It was followed by Mered (6).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| DAMAC | 8 | AED 41.2 million | 57% |
| Mered | 6 | AED 35.2 million | 43% |
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). Dubai Media City Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/dubai-media-city/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.