JLT, Jumeirah Park and Jumeirah Islands Market Report: Q3 2026
In Q3 2026, the median apartment price in JLT, Jumeirah Park and Jumeirah Islands was AED 2,322 per sq ft, across 857 residential sales transactions worth AED 2.32 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 857
- Residential sales transactions +2.3%
- AED2.32 billion
- Sales value −5.5%
- AED2,322
- Apartments, median price per sq ft −9.1%
- AED8.5 million
- Villas and townhouses, median price −24.8%
- 75%
- Off-plan share of sales 641 off-plan sales
- 1,369
- New lease registrations (Ejari) +68.2%
- AED103
- Apartment rent per sq ft, a year +1.5%
- 7.3%
- Gross rental yield, apartments Broadly unchanged
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
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 JLT in Q3 2026?
Residential sales transactions in JLT totalled 857 in Q3 2026, worth AED 2.32 billion. Sales rose 2.3% quarter-on-quarter. Off-plan sales accounted for 75% of the total and owner resales 25%.
What is the price per sq ft in JLT?
The median apartment price in JLT was AED 2,322 per sq ft in Q3 2026, across 803 sales; it declined 9.1% quarter-on-quarter, and was 37% above the Dubai median. The median villa and townhouse price was AED 8.5 million, across 35 sales; it declined 24.8% quarter-on-quarter.
Are property prices in JLT going up or down?
The median apartment price in JLT rose 0.9% between Q1 2026 and Q3 2026, from AED 2,300 to AED 2,322 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 774 | AED 2.59 billion | AED 2,300 | AED 11.7 million | 745 | AED 112 | 7.6% |
| Q2 2026 | 838 | AED 2.45 billion | AED 2,553 | AED 11.3 million | 814 | AED 102 | 7.2% |
| Q3 2026 | 857 | AED 2.32 billion | AED 2,322 | AED 8.5 million | 1,369 | AED 103 | 7.3% |
How much does a home in JLT cost by number of bedrooms?
In JLT in Q3 2026, median prices were AED 1.9 million for a 1-bedroom apartment (387 sales); AED 2.7 million for a 2-bedroom apartment (307 sales); AED 5.5 million for a 4-bedroom villa or townhouse (1 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 60 | AED 750,000 | AED 1,677 |
| 1-bed | 387 | AED 1.9 million | AED 2,321 |
| 2-bed | 307 | AED 2.7 million | AED 2,382 |
| 3-bed | 59 | AED 3.9 million | AED 2,288 |
| ⚠4-bed | 7 | AED 8.7 million | AED 2,401 |
| ⚠5-bed | 1 | AED 20.1 million | AED 1,567 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠3-bed | 0 | – | 11 | AED 350,000 | – |
| ⚠4-bed | 1 | AED 5.5 million | 38 | AED 315,000 | 5.7% |
| ⚠5-bed | 0 | – | 20 | AED 500,000 | – |
What is the average rent in JLT?
The median rental rate on new apartment lease registrations (Ejari) in JLT was AED 103 per sq ft a year in Q3 2026, across 1,296 registrations. New villa and townhouse lease registrations had a median rental rate of AED 350,000 a year, across 72 registrations. 1,369 new leases and 859 renewals were registered with Ejari.
What is the rental yield in JLT?
The gross rental yield on ready apartments in JLT was 7.3% in Q3 2026, comparing median new rents with median ready sale prices per sq ft. For villas and townhouses it was 4.1%, comparing median new rents with median ready sale prices.
How much does property in JLT cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in JLT in Q3 2026, the median apartment price of AED 2,322 per sq ft is approximately $632 per sq ft; the median villa and townhouse price of AED 8.5 million is approximately $2.31 million; the median new apartment rental rate of AED 103 per sq ft a year is approximately $28.
How many prime sales were recorded in JLT?
16 prime sales (AED 10 million and above) were recorded in JLT in Q3 2026, worth AED 283 million and accounting for 1.9% of sales. Villas and townhouses accounted for 13 of them and off-plan sales for 2.
How does JLT compare with Dubai?
The median apartment price in JLT was 37% above the Dubai median in Q3 2026, at AED 2,322 per sq ft compared with AED 1,692.
| Measure | JLT | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 2,322 | AED 1,692 |
| Villas and townhouses, median | AED 8.5 million | AED 3.7 million |
| New apartment rent, per sq ft a year | AED 103 | AED 94 |
| Gross yield, apartments | 7.3% | 6.8% |
| Villa rent, median a year | AED 350,000 | AED 180,000 |
| Gross yield, villas | 4.1% | 4.4% |
| Off-plan share of sales | 75% | 69% |
Which buildings in JLT recorded the most sales?
Eltiera Views by Ellington recorded the most sales of any building in JLT in Q3 2026, with 320 sales worth AED 816 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Eltiera ViewsAl Thanyah Fifth | Ellington | 320 | AED 816 million | 100% | AED 2,330 |
| Sobha Central Phase IDmcc-Ez2 | Sobha | 94 | AED 267 million | 100% | AED 2,820 |
| Serenia District - EastAl Thanyah Fifth | Palma Homes | 49 | AED 168 million | 100% | AED 2,521 |
| Sobha Central Phase IIDmcc-Ez2 | Sobha | 49 | AED 114 million | 100% | AED 2,980 |
| ⚠Seven City JltJumeirah Lakes Towers | Seven Tides | 19 | AED 12.9 million | 100% | AED 1,136 |
| ⚠MBL RoyalJumeirah Lakes Towers | MAG | 16 | AED 47.5 million | 0% | AED 1,227 |
| ⚠Mercer HouseAl Thanyah Fifth | Ellington | 12 | AED 40.5 million | 100% | AED 2,876 |
| ⚠Uh East By EllingtonJumeirah Lakes Towers | Ellington | 12 | AED 24.7 million | 100% | AED 1,761 |
| ⚠Saba Tower 2Jumeirah Lakes Towers | Saba Properties | 12 | AED 6.6 million | 0% | AED 1,307 |
| ⚠Viewz 2 By DanubeJumeirah Lakes Towers | Danube | 11 | AED 15.4 million | 100% | AED 2,238 |
Which developers recorded the most off-plan sales in JLT?
Ellington recorded the most off-plan sales in JLT in Q3 2026, with 362 sales worth AED 923 million, accounting for 56% of off-plan sales. It was followed by Sobha (151), Palma Homes (49).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Ellington | 362 | AED 923 million | 56% |
| Sobha | 151 | AED 401 million | 24% |
| Palma Homes | 49 | AED 168 million | 8% |
| Danube | 29 | AED 50.3 million | 5% |
| Seven Tides | 19 | AED 12.9 million | 3% |
| MAG | 7 | AED 17.5 million | 1% |
| Emirates Developments | 7 | AED 12.8 million | 1% |
| Palma Development | 4 | AED 12.7 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). JLT, Jumeirah Park and Jumeirah Islands Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/jumeirah-lakes-towers-jumeirah-park-jumeirah-islands/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.