July was the market's second consecutive month of modest recovery, but activity remains well below last year. Dubai recorded AED 25.95 billion of residential sales across 12,748 transactions in July, with off-plan taking 70.8% of volume (Springfield Properties, via Arabian Business); REIDIN counts 13,397 deals worth AED 26.45 billion on a slightly wider basis, and Cavendish Maxwell 12,599 worth AED 21.4 billion — all three agree volumes rose roughly 1–2% on June while sitting around 32% below July 2025, with values down close to half year-on-year. The rebound is being led by ready homes, up 21.5% in the month to 3,330 sales, while off-plan registrations eased 3.6%. Prices have flattened rather than fallen: Dubai's average stands at AED 1,933/sqft in August, up just 1.5% over twelve months (Bayut), after Colliers recorded a 3% quarter-on-quarter dip in both apartment and villa values in Q2. Rents are the clearest turn — down 2.5% quarter-on-quarter in Q2 (Cavendish Maxwell, still +7.8% year-on-year), with Colliers putting apartment rents 4% lower and leasing transactions down a quarter, as 24,800 completed homes in H1 (+38% YoY) and a further 56,600 units due by year-end shift the balance toward tenants and buyers.