DAMAC Properties has emerged as the top-performing developer in Dubai’s real estate sector, reinforcing its market leadership as the UAE property market records unprecedented growth in the first quarter of 2026.
According to data released by Dubai REST, the emirate recorded AED246.12 billion ($67.02 billion) in real estate sales in Q1 2026, marking a remarkable 72.46 per cent year-on-year increase compared to AED142.7 billion ($38.86 billion) during the same period last year.
Market Leadership Amid Rapid Growth
Amid this surge, DAMAC secured its position as the number one developer by market share of sales transactions, recording a total of 3,663 units sold during the quarter. The milestone highlights the company’s strong performance and its central role in shaping Dubai’s dynamic real estate landscape.
The figures reflect not only a buoyant market but also sustained demand driven by investor confidence, population growth, and the UAE’s global appeal as a destination for business and lifestyle.
Confidence Rooted in Leadership
Commenting on the market’s performance and the broader regional context, Amira Sajwani, Managing Director of DAMAC Properties, expressed strong confidence in the UAE’s future.
Despite ongoing geopolitical tensions across the Middle East and the GCC, she emphasised that the country’s stability and economic strength remain firmly anchored in its leadership and long-term vision.
“In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, we have nothing to fear,” Sajwani stated.
A Proven Track Record of Resilience
Sajwani highlighted the UAE’s history of overcoming challenges, pointing to key moments that tested global and regional economies.
“History has taught us that the UAE always overcomes challenges and emerges stronger,” she said, referencing resilience demonstrated during the 2008 global financial crisis, the COVID-19 pandemic, and the April 2024 ‘Hadeer Storm’.
Her remarks underline a consistent narrative: that the UAE’s ability to navigate adversity is rooted in strategic leadership, robust economic foundations, and a forward-looking vision.
A Market Built on Stability and Vision
The UAE’s real estate sector continues to benefit from a combination of strong governance, investor-friendly policies, and world-class infrastructure. These factors have positioned Dubai as one of the most attractive property markets globally, even amid uncertainty in other regions.
The sharp rise in transaction volumes during Q1 2026 reflects sustained confidence from both local and international investors, reinforcing the emirate’s status as a resilient and high-growth market.
Looking Ahead with Confidence
As the UAE moves forward, industry leaders like DAMAC remain optimistic about the trajectory of the market. With continued demand, strategic development, and a stable economic environment, the sector is poised for further growth.
Sajwani’s message encapsulates the broader sentiment across the country: confidence, resilience, and unwavering belief in the UAE’s future.
With strong leadership and a proven ability to adapt, the nation continues to demonstrate that even in times of uncertainty, it remains firmly on a path of progress—emerging stronger with every challenge it faces.
