City Walk Apartments 2026 Q1 Resale Report
(1st January - 31st March 2026)
AED 2,920
Average price per sq. ft
Compared to Q1 2025
91 transactions
AED 390.8M total resale value
Apartments in City Walk Q1 2026 Resale Report
Executive Summary
One-bedroom units led resale activity in City Walk Apartments during Q1 2026 with 43 transactions at an average price of AED 2,400,820, representing a 14.0 percent year-over-year decline in transaction count. Two-bedroom units in City Walk Apartments recorded 33 resale transactions in Q1 2026 at an average price of AED 4,132,337, a decrease of 31.0 percent year-over-year in transaction count, while three-bedroom units saw 12 transactions at an average price of AED 7,309,674, down 43.0 percent year-over-year in transaction count. The off-plan primary market in City Walk Apartments during Q1 2026 registered 241 transactions with a total value of AED 1,061,134,000, compared to 91 resale transactions valued at AED 390,768,437 during the same period.
Key Facts
- City Walk Apartments recorded an average resale price per square foot of AED 2,920 in Q1 2026, representing a 7.7% year-over-year increase.
- Total resale transaction volume in City Walk Apartments fell to 91 units in Q1 2026, a decline of 24.2% compared to Q1 2025.
- The combined resale value for City Walk Apartments reached AED 390,768,437 in Q1 2026, down 12.5% year-over-year.
- Ready properties accounted for 54.9% of resale transactions in City Walk Apartments during Q1 2026, while off-plan completions represented 45.1%.
- One-bedroom units led resale activity in City Walk Apartments with 43 transactions in Q1 2026 at an average price of AED 2,400,820, though transaction count decreased 14.0% year-over-year.
- Two-bedroom apartments in City Walk recorded 33 resale transactions in Q1 2026 at an average price of AED 4,132,337, reflecting a 31.0% year-over-year decline in transaction count.
- Three-bedroom units saw 12 resale transactions in City Walk Apartments during Q1 2026 at an average price of AED 7,309,674, with transaction volume down 43.0% year-over-year.
Key Performance Indicators
Key Performance Indicators
Resale - Q1 2026
Rental - Q1 2026
Source: Property Monitor, Metropolitan Premium Properties Analysis
Price Trend
Price Trend - City Walk Apartments
Average Price per Sq. Ft - City Walk Apartments
| Period | Average Price per Sq. Ft (AED) |
|---|---|
| Q1 2025 | 2,711 |
| Q2 2025 | 2,758 |
| Q3 2025 | 2,714 |
| Q4 2025 | 2,884 |
| Q1 2026 | 2,919 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did City Walk Apartments transactions split between off-plan and ready in Q1 2026?
In Q1 2026, ready property transactions accounted for 54.9% of all deals in City Walk Apartments, while off-plan sales represented 45.1%, indicating a slight preference for completed units during the period. By transaction value, ready properties commanded 56.8% of total sales volume compared to 43.2% for off-plan, a distribution largely consistent with the transaction count split. The minimal gap between volume share (56.8%) and transaction share (54.9%) for ready properties suggests that average deal sizes remained relatively comparable across both completion categories in City Walk Apartments during Q1 2026.
Which Apartments bedroom configurations recorded the highest resale activity in City Walk during Q1 2026?
In Q1 2026, one-bedroom units led transaction activity at City Walk Apartments with 43 sales, followed by two-bedroom apartments at 33 transactions and three-bedroom units at 12 transactions. Average prices across these three segments ranged from AED 2,400,820 for one-bedroom apartments to AED 7,309,674 for three-bedroom units. All three reportable configurations experienced year-on-year transaction declines, with one-bedroom sales down 14.0%, two-bedroom sales down 31.0%, and three-bedroom sales down 43.0% in the Dubai market.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 2,400,820 | +5.8% | 43 | -14% |
| 2 B/R | AED 4,132,337 | +3.6% | 33 | -31% |
| 3 B/R | AED 7,309,674 | +10.8% | 12 | -43% |
| 4 B/R | AED 16,375,000 | N/A | 2 | N/A |
| 5 B/R | AED 30,700,000 | N/A | 1 | N/A |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - Q1 2026
| Bedroom Type | Transactions |
|---|---|
| 1 B/R Bed | 43 |
| 2 B/R Bed | 33 |
| 3 B/R Bed | 12 |
| 4 B/R Bed | 2 |
| 5 B/R Bed | 1 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in City Walk perform in Q1 2026?
In Q1 2026, off-plan primary market activity at City Walk Apartments recorded 241 transactions valued at AED 1,061,134,000, representing year-over-year increases of 904.2% and 682.0% respectively. Off-plan transaction volume in the community exceeded resale activity by a factor of 2.6 times, while off-plan transaction values surpassed resale values by approximately 2.7 times during the same quarter. The off-plan segment accounted for 72.6% of total transaction count and 73.1% of total transaction value across City Walk Apartments in the period.
Rental Summary
Rental Contract Distribution - Q1 2026
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 156,708 | 0% | 86 | +21% |
| 2 B/R | AED 254,368 | +9.1% | 91 | -4% |
| 3 B/R | AED 344,223 | +11.5% | 49 | -8% |
| 4 B/R | AED 586,341 | +41.9% | 4 | +33% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- Q1 2026
In Q1 2026, Dubai recorded 44,267 sale transactions and 147,091 rental transactions, with rentals representing approximately three-quarters of total property transactions across the emirate. Initial sales accounted for 71.9% of the sales market while resale properties comprised 28.1%, indicating continued strong demand for newly launched developments. Among rental contracts, renewals dominated at 66.4% compared to 33.6% for new leases, reflecting a relatively stable tenant base across Dubai's residential stock during the quarter.
Dubai Overall Market Context
Dubai Apartments Market Totals - Q1 2026
| Category | Percentage |
|---|---|
| Initial Sale | 71.9% |
| Resale | 28.1% |
| Category | Percentage |
|---|---|
| New | 33.6% |
| Renewal | 66.4% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Frequently Asked Questions
What was the average price per square foot for resale apartments in City Walk during Q1 2026?
How many resale apartment transactions occurred in City Walk in Q1 2026?
What was the total transaction value for resale apartments in City Walk during Q1 2026?
What was the average price for a 1-bedroom resale apartment in City Walk in Q1 2026?
What was the average price for a 2-bedroom resale apartment in City Walk during Q1 2026?
What proportion of City Walk apartment resales in Q1 2026 were off-plan versus ready properties?
What was the average price for a 3-bedroom resale apartment in City Walk in Q1 2026?
What was the off-plan primary market value for apartments in City Walk during Q1 2026?
Methodology
This analysis of City Walk apartment resales during Q1 2026 draws on Property Monitor's aggregation of Dubai Land Department transaction registrations, covering the period from January 1 to March 31, 2026. Year-on-year comparisons reference the corresponding quarter in 2025, with metrics including an average price per square foot of AED 2,920, a transaction count of 91, and a total resale value of AED 390,768,437. Readers should note that resale transaction counts reflect formal registration dates rather than agreement dates, introducing a potential lag between market activity and recorded data, and that the parallel off-plan segment—comprising 241 transactions valued at AED 1,061,134,000 in the same period—operates under different pricing and completion timelines, limiting direct comparability between the two markets.
Glossary
- PSF
- Price per square foot. A standardized metric that divides a property's total sale price by its built-up area in square feet, used to compare unit values across different sizes and locations.
- Off-plan
- A property sold by a developer before construction is complete, typically purchased through installment payment plans during the building phase.
- Secondary market
- The resale market where existing properties change hands between private owners, as distinct from primary sales by developers.
- Resale
- A transaction in which an owner sells a property to a new buyer, encompassing both completed units and off-plan units being transferred before handover.
- Ready property
- A completed, move-in ready unit that has received its completion certificate and is available for immediate occupancy.
- AED/sqft
- Price expressed in United Arab Emirates dirhams per square foot of built-up area, the standard currency denomination for Dubai property valuations.
- Sale classification
- A categorization system dividing transactions into Off-Plan Developer Sale (new sales from developers), Resale Off-Plan Origin (transfer of units originally bought off-plan), and Resale (transfer of completed properties).
- Transaction type
- A classification distinguishing between Off-Plan transactions (units under construction) and Existing transactions (completed properties), based on the development status at time of sale.
- Built-up area
- The total internal floor area of a unit measured in square feet, including all enclosed spaces but typically excluding balconies and terraces, used as the denominator in PSF calculations.
- Apartment
- A self-contained residential unit within a multi-story building, typically part of a larger development with shared common areas and facilities.
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