Jebel Ali Village and Wasl Gate Market Report: Q3 2026
In Q3 2026, the median apartment price in Jebel Ali Village and Wasl Gate was AED 1,713 per sq ft, across 687 residential sales transactions worth AED 1.56 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 687
- Residential sales transactions −35.1%
- AED1.56 billion
- Sales value −23.9%
- AED1,713
- Apartments, median price per sq ft +1.1%
- AED5.3 million
- Villas and townhouses, median price −5.3%
- 87%
- Off-plan share of sales 595 off-plan sales
- 329
- New lease registrations (Ejari) +55.9%
- AED102
- Apartment rent per sq ft, a year −3.4%
- 7.9%
- Gross rental yield, apartments⚠ 9 +0.7 pts
Apartments, median price per sq ft
Villas and townhouses, median price
Lighter bars: fewer than 30 sales
Apartment rent, median per sq ft a year
Lighter bars: fewer than 30 leases
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
Apartment lease registrations
NewRenewedTotal lease registrations
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in Wasl Gate in Q3 2026?
Residential sales transactions in Wasl Gate totalled 687 in Q3 2026, worth AED 1.56 billion. Sales declined 35.1% quarter-on-quarter. Off-plan sales accounted for 87% of the total and owner resales 10%.
What is the price per sq ft in Wasl Gate?
The median apartment price in Wasl Gate was AED 1,713 per sq ft in Q3 2026, across 604 sales; it rose 1.1% quarter-on-quarter, and was 1% above the Dubai median. The median villa and townhouse price was AED 5.3 million, across 83 sales; it declined 5.3% quarter-on-quarter.
Are property prices in Wasl Gate going up or down?
The median apartment price in Wasl Gate rose 11.2% between Q1 2026 and Q3 2026, from AED 1,541 to AED 1,713 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 722 | AED 1.33 billion | AED 1,541 | AED 5.6 million | 218 | AED 114 | 7.6% |
| ⚠Q2 2026 | 1,058 | AED 2.05 billion | AED 1,694 | AED 5.6 million | 211 | AED 106 | 7.2% |
| Q3 2026 | 687 | AED 1.56 billion | AED 1,713 | AED 5.3 million | 329 | AED 102 | 7.9% |
How much does a home in Wasl Gate cost by number of bedrooms?
In Wasl Gate in Q3 2026, median prices were AED 1.5 million for a 1-bedroom apartment (246 sales); AED 2.2 million for a 2-bedroom apartment (241 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 77 | AED 659,503 | AED 1,761 |
| 1-bed | 246 | AED 1.5 million | AED 1,783 |
| 2-bed | 241 | AED 2.2 million | AED 1,662 |
| 3-bed | 39 | AED 3.1 million | AED 1,711 |
| ⚠4-bed | 1 | AED 8.8 million | AED 1,842 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| 3-bed | 0 | – | 65 | AED 205,000 | – |
| 4-bed | 0 | – | 135 | AED 260,000 | – |
| ⚠5-bed | 0 | – | 7 | AED 500,000 | – |
What is the average rent in Wasl Gate?
The median rental rate on new apartment lease registrations (Ejari) in Wasl Gate was AED 102 per sq ft a year in Q3 2026, across 122 registrations. New villa and townhouse lease registrations had a median rental rate of AED 240,000 a year, across 207 registrations. 329 new leases and 179 renewals were registered with Ejari.
What is the rental yield in Wasl Gate?
The gross rental yield on ready apartments in Wasl Gate was 7.9% in Q3 2026, comparing median new rents with median ready sale prices per sq ft. For villas and townhouses it was 4.5%, comparing median new rents with median ready sale prices.
How much does property in Wasl Gate cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Wasl Gate in Q3 2026, the median apartment price of AED 1,713 per sq ft is approximately $467 per sq ft; the median villa and townhouse price of AED 5.3 million is approximately $1.44 million; the median new apartment rental rate of AED 102 per sq ft a year is approximately $28.
How many prime sales were recorded in Wasl Gate?
2 prime sales (AED 10 million and above) were recorded in Wasl Gate in Q3 2026, worth AED 22.6 million and accounting for 0.3% of sales. Villas and townhouses accounted for 2 of them and off-plan sales for 0.
How does Wasl Gate compare with Dubai?
The median apartment price in Wasl Gate was 1% above the Dubai median in Q3 2026, at AED 1,713 per sq ft compared with AED 1,692.
| Measure | Wasl Gate | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,713 | AED 1,692 |
| Villas and townhouses, median | AED 5.3 million | AED 3.7 million |
| New apartment rent, per sq ft a year | AED 102 | AED 94 |
| ⚠Gross yield, apartments | 7.9% | 6.8% |
| Villa rent, median a year | AED 240,000 | AED 180,000 |
| Gross yield, villas | 4.5% | 4.4% |
| Off-plan share of sales | 87% | 69% |
Which buildings in Wasl Gate recorded the most sales?
Boulevard Park 2 by wasl recorded the most sales of any building in Wasl Gate in Q3 2026, with 156 sales worth AED 327 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Boulevard Park 2Jabal Ali First | wasl | 156 | AED 327 million | 100% | AED 1,699 |
| Boulevard Park 1Jabal Ali First | wasl | 126 | AED 264 million | 100% | AED 1,734 |
| Sobha CentralJabal Ali First | Sobha | 108 | AED 252 million | 100% | AED 3,225 |
| Omya ResidencesJabal Ali First | Pantheon | 67 | AED 53.1 million | 100% | AED 1,719 |
| ⚠Trussardi Residences 2Jabal Ali First | Mira Developments | 25 | AED 30.8 million | 100% | AED 850 |
| Jebel Ali Village Townhouses - Phase 3Jabal Ali First | Nakheel | 21 | AED 106 million | 0% | – |
| Jebel Ali Village Townhouses- Phase 1Jabal Ali First | Nakheel | 20 | AED 102 million | 0% | – |
| ⚠South Garden EJabal Ali First | wasl | 16 | AED 22.3 million | 100% | AED 1,458 |
| ⚠Bellavion by SunriseJabal Ali First | H&H Development | 13 | AED 19.1 million | 100% | AED 1,414 |
| ⚠Hillside Residences 3Jabal Ali First | wasl | 11 | AED 19.2 million | 100% | AED 1,686 |
Which developers recorded the most off-plan sales in Wasl Gate?
wasl recorded the most off-plan sales in Wasl Gate in Q3 2026, with 335 sales worth AED 669 million, accounting for 56% of off-plan sales. It was followed by Sobha (108), Pantheon (67).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| wasl | 335 | AED 669 million | 56% |
| Sobha | 108 | AED 252 million | 18% |
| Pantheon | 67 | AED 53.1 million | 11% |
| Mira Developments | 25 | AED 30.8 million | 4% |
| H&H Development | 13 | AED 19.1 million | 2% |
| Prescott | 11 | AED 11.1 million | 2% |
| Suncrest Hills | 10 | AED 8.9 million | 2% |
| Aa And Hmb | 6 | AED 5.9 million | 1% |
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). Jebel Ali Village and Wasl Gate Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/jebel-ali-village-wasl-gate/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.