Falcon City of Wonders Market Report: Q3 2026
In Q3 2026, the median apartment price in Falcon City of Wonders was AED 1,558 per sq ft, across 84 residential sales transactions worth AED 125 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 84
- Residential sales transactions −24.3%
- AED125 million
- Sales value −34.6%
- AED1,558
- Apartments, median price per sq ft −2.7%
- AED7.0 million
- Villas and townhouses, median price⚠ 5 +64.7%
- 94%
- Off-plan share of sales 79 off-plan sales
- 24
- New lease registrations (Ejari) +60.0%
- AED210,000
- Villa rent, median a year⚠ 24 −2.3%
- 3.0%
- Gross rental yield, villas⚠ 5
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Villas and townhouses, median price
Lighter bars: fewer than 30 sales
Villa and townhouse rent, median a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
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 Falcon City in Q3 2026?
Residential sales transactions in Falcon City totalled 84 in Q3 2026, worth AED 125 million. Sales declined 24.3% quarter-on-quarter. Off-plan sales accounted for 94% of the total and owner resales 6%.
What is the price per sq ft in Falcon City?
The median apartment price in Falcon City was AED 1,558 per sq ft in Q3 2026, across 79 sales; it declined 2.7% quarter-on-quarter, and was 8% below the Dubai median. The median villa and townhouse price was AED 7.0 million, across 5 sales; it rose 64.7% quarter-on-quarter.
Are property prices in Falcon City going up or down?
The median apartment price in Falcon City declined 3.6% between Q1 2026 and Q3 2026, from AED 1,615 to AED 1,558 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| ⚠Q1 2026 | 125 | AED 215 million | AED 1,615 | AED 5.0 million | 17 | – | – |
| ⚠Q2 2026 | 111 | AED 191 million | AED 1,600 | AED 4.2 million | 15 | – | – |
| ⚠Q3 2026 | 84 | AED 125 million | AED 1,558 | AED 7.0 million | 24 | – | – |
How much does a home in Falcon City cost by number of bedrooms?
In Falcon City in Q3 2026, median prices were AED 1.3 million for a 1-bedroom apartment (37 sales); AED 796,000 for a studio apartment (33 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 33 | AED 796,000 | AED 1,703 |
| 1-bed | 37 | AED 1.3 million | AED 1,434 |
| ⚠2-bed | 7 | AED 1.9 million | AED 1,507 |
| ⚠3-bed | 2 | AED 2.6 million | AED 1,543 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠2-bed | 0 | – | 3 | AED 150,000 | – |
| ⚠3-bed | 0 | – | 6 | AED 185,000 | – |
| ⚠4-bed | 0 | – | 9 | AED 250,000 | – |
| ⚠5-bed | 0 | – | 6 | AED 250,000 | – |
What is the average rent in Falcon City?
New villa and townhouse lease registrations had a median rental rate of AED 210,000 a year, across 24 registrations. 24 new leases and 25 renewals were registered with Ejari.
What is the rental yield in Falcon City?
The gross rental yield on ready villas and townhouses in Falcon City was 3.0% in Q3 2026, comparing median new rents with median ready sale prices.
How much does property in Falcon City cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Falcon City in Q3 2026, the median apartment price of AED 1,558 per sq ft is approximately $424 per sq ft; the median villa and townhouse price of AED 7.0 million is approximately $1.91 million.
How does Falcon City compare with Dubai?
The median apartment price in Falcon City was 8% below the Dubai median in Q3 2026, at AED 1,558 per sq ft compared with AED 1,692.
| Measure | Falcon City | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,558 | AED 1,692 |
| ⚠Villas and townhouses, median | AED 7.0 million | AED 3.7 million |
| ⚠Villa rent, median a year | AED 210,000 | AED 180,000 |
| ⚠Gross yield, villas | 3.0% | 4.4% |
| Off-plan share of sales | 94% | 69% |
Which buildings in Falcon City recorded the most sales?
Sakura Gardens by HRE by Hre recorded the most sales of any building in Falcon City in Q3 2026, with 67 sales worth AED 71.9 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Sakura Gardens by HREFalcon City Of Wonders | Hre | 67 | AED 71.9 million | 100% | AED 1,540 |
| ⚠Belgravia GardensFalcon City Of Wonders | Ellington | 12 | AED 21.2 million | 100% | AED 1,566 |
| SouthWESTERN RESIDENCE | – | 3 | AED 22.3 million | 0% | – |
| NorthWESTERN RESIDENCE | – | 2 | AED 9.4 million | 0% | – |
Which developers recorded the most off-plan sales in Falcon City?
Hre recorded the most off-plan sales in Falcon City in Q3 2026, with 67 sales worth AED 71.9 million, accounting for 85% of off-plan sales. It was followed by Ellington (12).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Hre | 67 | AED 71.9 million | 85% |
| Ellington | 12 | AED 21.2 million | 15% |
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). Falcon City of Wonders Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/falcon-city-of-wonders/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.