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Developer OutlookQ3 2026Developers & investors

Developer Outlook Q3 2026: 255,373 homes scheduled to end-2028

DLD's project register schedules 255,373 homes for handover between October 2026 and December 2028. Business Bay and Downtown carry half of this quarter's deliveries, while Dubai South's buyers are running ahead of its pipeline.

Published · Updated · Data to · Peak Trust Research

Key figures

  • DLD's project register schedules 255,373 homes in 976 projects for completion in Dubai between October 2026 and December 2028, according to Peak Trust analysis of the register as at 4 October 2026.
  • A further 81,720 homes in 292 Dubai projects had a scheduled completion date before October 2026 and were not marked finished on DLD's register as at 4 October 2026.
  • Business Bay and Downtown Dubai hold 22,094 of the 43,550 homes scheduled for completion in Dubai in October–December 2026, or 50.7%.
  • Dubai South drew 19.2% of Dubai's registered off-plan home sales in April–September 2026 but holds 8.0% of the homes scheduled for completion between October 2026 and December 2028.
  • Of the 104,339 homes scheduled for completion in Dubai in 2027, 41,849 (40.1%) were in projects DLD's register still listed as not started in October 2026.

DLD's project register schedules 255,373 homes for completion in Dubai between October 2026 and the end of 2028. Another 81,720 are already past their scheduled date and still open. The heaviest deliveries this quarter are in Business Bay and Downtown, where very little new off-plan buying is happening, while in Dubai South buyers are running ahead of the pipeline.

New launches have been uneven this year. Projects registered with DLD held 37,726 homes in Q1 2026, 14,687 in Q2 and 25,963 in Q3. Here we set the register's schedule against where off-plan buyers actually went in the six months to September.

How many homes are scheduled, and when?

The table counts every open project on DLD's register (not finished, cancelled or frozen) by its registered completion date. Homes means apartments, other units and villas, as registered.

Table: homes on DLD's project register by scheduled completion date, open projects only, as at 4 October 2026. "Not started" is the register's own status. Completion is the home-weighted average of each project's recorded completion percentage, where recorded. Source: DLD project register, Peak Trust Research.

Scheduled completion Projects Homes Of which villas Homes in projects not started Average completion
Before 2026, still open 147 39,895 4,025 120 56%
January–September 2026, still open 145 41,825 1,330 72 56%
October–December 2026 120 43,550 1,910 60 64%
2027 430 104,339 5,559 41,849 7%
2028 426 107,484 13,693 37,287 3%
2029 219 65,438 6,063 17,586 1%

The overdue backlog

The two "still open" rows add up to 81,720 homes, nearly twice what is due in the last quarter of 2026. Some of these will be finished buildings whose status the register hasn't caught up with. The recorded completion figures suggest most are not: of the overdue 2026 homes with a completion figure, only 17.9% are in projects at least 80% built. Frozen projects are left out here, which is why the pre-2026 row counts 147 projects and 39,895 homes where our handover pipeline guide, which keeps them in, counts 148 and 40,003. The difference is one frozen project of 108 homes.

Much of Q4 2026 is a long way from finished

Of the 43,550 homes due between October and December, only 28.3% (where a completion figure is recorded) are in projects at least 80% built, and 26.5% are in projects less than half built. Past schedules have slipped. Of the 56,396 homes scheduled for January–June 2026, 22,975 (41%) were in projects marked finished on the register by early October. Of the 55,648 scheduled for 2025, 53.6% were.

2027 and 2028 are big on paper

The two years hold 211,823 homes on the register. Of the register's 2027 homes, 40.1% are in projects still listed as not started, so the scheduled figure for any one year is best read as a ceiling. Our handover pipeline guide gives a larger figure, 57,036 homes at 0% construction, because it counts every project recording no construction, including 15,187 homes in projects listed as active or pending, not just those the register lists as not started. Build times are lengthening too. Projects registered in 2026 are scheduled a median 31 months from registration to completion (n = 250), against 28 months for those registered in 2025 (n = 187), which spreads the same homes over more years.

Where is supply stacking up against demand?

For each area we compare two shares. The first is the area's share of the 255,373 homes scheduled between October 2026 and December 2028. The second is its share of Dubai's registered off-plan home sales in April–September 2026 (n = 53,125). We use six months, not a year, because DLD's record feed changed in February 2026 and two quarters on the new feed compare cleanly.

The index is the first share divided by the second. Above 1, the area's coming handovers outweigh its current off-plan buying. Below 1, buying is running ahead of the pipeline.

Table: the 15 Dubai areas with the most homes scheduled for completion, October 2026 – December 2028, against registered off-plan home sales, April–September 2026. DLD area names in brackets where they differ. Source: DLD project register and DLD registered sales, Peak Trust Research.

Area Homes due Q4 2026 Homes due 2027 Homes due 2028 Share of pipeline Off-plan sales Apr–Sep (n) Share of off-plan sales Index
Dubailand Residence Complex & Wadi Hills (Wadi Al Safa 5) 2,002 7,800 10,968 8.1% 2,800 5.3% 1.54
Dubai South (Madinat Al Mataar) 767 12,465 7,307 8.0% 10,182 19.2% 0.42
Business Bay 12,344 3,620 1,204 6.7% 1,269 2.4% 2.81
Jumeirah Village Circle (Al Barsha South Fourth) 2,258 7,070 6,587 6.2% 2,522 4.7% 1.31
Majan (Wadi Al Safa 3) 844 6,699 5,328 5.0% 2,911 5.5% 0.92
City of Arabia (Wadi Al Safa 4) 0 7,833 4,441 4.8% 2,833 5.3% 0.90
Downtown Dubai (Burj Khalifa) 9,750 1,905 80 4.6% 219 0.4% 11.15
Motor City (Al Hebiah First) 47 3,261 7,215 4.1% 1,060 2.0% 2.07
Dubai Islands (Palm Deira) 1,020 4,234 3,714 3.5% 1,837 3.5% 1.02
Dubai Marina & Dubai Harbour (Marsa Dubai) 1,826 3,028 3,414 3.2% 239 0.4% 7.20
Al Furjan (Jabal Ali First) 628 4,129 3,008 3.0% 2,611 4.9% 0.62
Jumeirah Village Triangle (Al Barsha South Fifth) 778 3,669 3,293 3.0% 887 1.7% 1.82
Meydan (Nad Al Shiba First) 594 4,297 2,331 2.8% 723 1.4% 2.08
Dubai Maritime City 1,262 1,203 4,077 2.6% 701 1.3% 1.94
Dubai Investments Park (DIP First) 231 0 6,238 2.5% 1,725 3.2% 0.78

Business Bay and Downtown take this quarter's handovers

Together they hold 22,094 of the 43,550 homes due in October–December 2026, half the quarter's schedule. Yet they drew only 2.8% of off-plan sales between them in the six months to September. Those homes were sold years ago, and when they complete they come to market as rental and resale stock, up against every ready home nearby.

Dubai Marina and Dubai Harbour look similar over a longer runway: 8,268 homes due by 2028 against 0.4% of current off-plan sales, an index of 7.20.

Dubai South runs the other way

Dubai South drew nearly a fifth of all registered off-plan sales from April to September, mostly at Azizi Venice, yet holds 8.0% of the scheduled pipeline. The pipeline itself is not small. It has 20,539 homes, 12,465 of them due in 2027, and Venice phases alone account for 10,319 of the 2027 homes, 8,431 of them in phases the register lists as not started. Buying there is concentrated even more heavily than supply. Three more Venice projects, with 2,845 homes, have no completion date on the register yet and aren't counted here. Al Furjan, City of Arabia and Majan also sit below 1.

JVC sits near balance, with the biggest backlog

Jumeirah Village Circle has a large pipeline (15,915 homes) and more overdue homes than any other area: 11,398 in 46 projects scheduled between January 2025 and September 2026 and still open. Its index of 1.31 is close to balance, but that backlog means completions there will keep coming for some time.

Which areas are heating up or cooling down?

This section looks backwards only. Registered off-plan sales across Dubai fell 9.5% from Q2 to Q3 2026 (27,886 to 25,239 in our record). Some areas moved much further than that in one direction or the other, nearly always because one or two projects started or stopped selling.

Table: registered off-plan home sales, Q2 vs Q3 2026, for selected areas among the 15 busiest. Source: DLD registered sales, Peak Trust Research.

Area Q2 2026 (n) Q3 2026 (n) Change What drove it
Jebel Ali Industrial Second 449 2,541 +466% Imtiaz's RAW District and six Azizi projects
City of Arabia (Wadi Al Safa 4) 908 1,925 +112% Azizi Milan and Milan Heights; Beyond's Arancia Yards
Motor City 400 660 +65% Binghatti Skyterraces (405 in Q3)
Dubai South 5,175 5,007 −3% Steady at about a fifth of the market
Business Bay 810 459 −43% Lower sales across existing projects
Dubai Islands (Palm Deira) 1,369 468 −66% Sales fell back after a strong Q2

Imtiaz and Azizi between them turned an industrial district into Dubai's second-busiest off-plan location in one quarter, with 10.1% of Q3's registered off-plan sales. Yet its share of the 2026–2028 pipeline is 0.9%, because RAW District is scheduled for 2029, outside this window. Watch for that pattern: buying gathers around fresh launches, and the supply it creates often falls beyond the near-term schedule.

What it means for developers

  • Plan for competition from finished homes as well as from other launches. In Business Bay, Downtown and Dubai Marina, a new launch will be marketed while thousands of completed homes reach the rental and resale market around it. Price and position against that stock too.
  • Treat registered completion dates as ceilings. With 81,720 homes already past their dates and 40.1% of 2027's homes not yet started, the year a competitor's project is due on the register says little about when it will arrive. Check its recorded completion percentage before you count it as competing supply.
  • Look at the low-index areas to see where later supply is forming. Dubai South, Al Furjan, City of Arabia and Jebel Ali Industrial Second all have buying running ahead of the 2026–2028 pipeline. In some of them, as with RAW District, the homes being sold are scheduled after 2028, so today's buyers there are a later handover wave.
  • Phasing gives you room to move. Projects registered this year are scheduled a median 31 months from registration to completion, about three more than those registered in 2025. A phased release lets you respond to the completion wave in your area rather than sell straight into it.

What it means for investors

Buying off-plan in a high-index area means completed homes nearby are likely to be competing for tenants and buyers around your handover. Buying where the index is low doesn't avoid supply; it is still coming, only later. Either way, look up the project's recorded completion percentage rather than relying on the date in the brochure.

For who sold the most off-plan homes this quarter, see the Developer League Table Q3 2026. For current prices and sales by area, see /analytics.

If you are deciding where and when to launch against this pipeline, see how we work with developers.

Peak Trust advises developers and investors. Rankings use registered DLD data only.

Questions readers ask

Is Dubai heading for oversupply in 2027?
DLD's register schedules 104,339 homes for 2027, but 40.1% of them sit in projects not yet started. Of the 56,396 homes scheduled for January–June 2026, only 22,975 (41%) were in projects marked finished on the register by early October. On that record, much of the scheduled supply is likely to arrive later and more spread out than the dates suggest. The pressure is local, and it is greatest where scheduled handovers far exceed current buying.
How many homes will be handed over in Dubai in 2026?
DLD's register scheduled 75,513 homes for January–September 2026, and by early October 44.6% of them were in projects marked finished. For the rest of the year, DLD's register shows 43,550 homes due in October–December 2026, but only 28.3% of those with a recorded completion figure were in projects at least 80% built in early October.
Which Dubai areas have the most supply coming?
By homes scheduled for October 2026 to December 2028, the largest pipelines are Dubailand Residence Complex and Wadi Hills (20,770), Dubai South (20,539), Business Bay (17,168), Jumeirah Village Circle (15,915) and Majan (12,871).
What does 'scheduled per DLD register' mean?
It is the completion date the developer has registered with DLD for the project. It is a schedule, not a delivery. Dates move, and a project's status on the register can lag what is happening on site.

Sources

  1. Dubai Land Department project register, Peak Trust Research, 4 Oct 2026
  2. Dubai Land Department (registered sales), Peak Trust Research, 30 Sep 2026

Data computed by Peak Trust Analytics · Dubai market data powered by the Dubai Land Department (DLD) · Updated Oct 2026. Proprietary — not to be reused or redistributed without authorization. Not investment advice.

Definitions, sources and our revisions policy: methodology.