Dubai Q3 home sales value down 47% to Dh72.6bn
Dubai home sales totalled Dh72.6 billion in Q3 2026, down 47% on a year earlier, and transactions fell 38% to 34,000, according to Cavendish Maxwell.
What it means: Over nine months, deals fell 23% to 112,580 and value 27% to Dh292 billion; S&P Global Ratings, citing industry reports, puts the price fall since end-2025 at 5% to 15%.
Source: The National
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A Dubai Municipality circular lists more than 44 areas where buildings and villas may offer shared housing; on Sheikh Zayed, Jumeirah, Al Wasl and Bani Yas roads only family sharing is allowed.
What it means: Owners and leasing firms have one year from 8 September to regularise buildings; bedrooms need at least 5 square metres per person; fines run from Dh500 to Dh500,000.
What to do: Renting or letting a shared unit? Check the area is on the Dubai Municipality circular's list.
Source: Khaleej Times
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Shipping & Supply Dubai Strait of Hormuz Oman Iran
The tanker On Peace, owned by Dubai-based Onex, was struck by a projectile in the Strait of Hormuz on 6 October; 12 of its 19 crew were injured and evacuated by Oman to Khasab.
What it means: Splash247 counts 93 ships hit and 24 seafarers killed since the US-Iran war began in late February.
Source: Splash247
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