Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Downtown Dubai · August 2026
Opera Grand
Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026
Period covered: Sep 24 to Aug 26 · Ref AR-B442-202608
Key takeaways
- Median price for apartments: AED 4,650,000 (AED 29,220 per sqm), down 13.5% year on year.
- Per sqm, apartments here are 7% above the Downtown Dubai average of AED 27,377 (sales-weighted across areas).
- 1 sales recorded in August 2026, down 50% from a year earlier.
- 2 bedrooms apartments were the most traded size: median AED 4,725,000 across 6 sales in three months.
1.Apartments1 sale · August 2026
Small sample: medians for August 2026 are based on a single recorded sale and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Median annual rent and new contracts · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 1 | AED 4,650,000 | AED 29,220 | — | — |
| July 2026 | 4 | AED 4,950,000 | AED 31,068 | AED 230,000 | 4.7% |
| June 2026 | 4 | AED 8,250,000 | AED 31,232 | AED 650,000 | 7.9% |
| May 2026 | 1 | AED 14,500,000 | AED 51,071 | AED 600,000 | 4.1% |
| April 2026 | 1 | AED 7,000,000 | AED 45,962 | — | — |
| March 2026 | 2 | AED 5,949,000 | AED 37,440 | — | — |
2.By bedroomthree months to August 2026
| Type | Sales | Median price | AED / sqm | Median rent | Contracts |
|---|---|---|---|---|---|
| 2 bedrooms | 6 | AED 4,725,000 | AED 29,655 | — | — |
Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.
3.Recent saleslast 15 registered in Opera Grand
| Date | Unit | Size sqm | Price | AED / sqm | Status |
|---|---|---|---|---|---|
| 18 Aug 2026 | 2 bedrooms | 159 | AED 4,650,000 | AED 29,220 | Ready |
| 20 Jul 2026 | 2 bedrooms | 159 | AED 5,100,000 | AED 32,045 | Ready |
| 17 Jul 2026 | 2 bedrooms | 160 | AED 4,800,000 | AED 30,090 | Ready |
| 13 Jul 2026 | 2 bedrooms | 159 | AED 3,800,000 | AED 23,877 | Ready |
| 9 Jul 2026 | 4 bedrooms | 280 | AED 14,000,000 | AED 50,025 | Ready |
| 30 Jun 2026 | 2 bedrooms | 160 | AED 5,000,000 | AED 31,346 | Ready |
| 29 Jun 2026 | 5+ bedrooms | 370 | AED 11,500,000 | AED 31,117 | Ready |
| 26 Jun 2026 | 2 bedrooms | 160 | AED 3,750,000 | AED 23,510 | Ready |
| 5 Jun 2026 | 4 bedrooms | 280 | AED 13,300,000 | AED 47,524 | Ready |
| 14 May 2026 | 4 bedrooms | 284 | AED 14,500,000 | AED 51,071 | Ready |
| 28 Apr 2026 | 2 bedrooms | 152 | AED 7,000,000 | AED 45,962 | Ready |
| 30 Mar 2026 | 1 bedroom | 69 | AED 2,400,000 | AED 34,843 | Ready |
| 17 Mar 2026 | 3 bedrooms | 237 | AED 9,498,000 | AED 40,037 | Ready |
| 27 Feb 2026 | 2 bedrooms | 153 | AED 6,300,000 | AED 41,142 | Ready |
| 23 Feb 2026 | 2 bedrooms | 159 | AED 4,550,000 | AED 28,589 | Ready |
Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.
4.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.