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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Wadi Al Safa 5 · August 2026

Neon

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-B5949-202608

Key takeaways

  • Median price for apartments: AED 1,707,900 (AED 16,951 per sqm).
  • Per sqm, apartments here are 10% above the Wadi Al Safa 5 average of AED 15,411 (sales-weighted across areas).
  • 9 sales recorded in August 2026.
  • 1 bedroom apartments were the most traded size: median AED 1,543,280 across 6 sales in three months.

1.Apartments9 sales · August 2026

Median sale priceAED 1,707,900—vs last year
Median price / sqmAED 16,951—vs last year10% above the Wadi Al Safa 5 average
Sales recorded9—vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%9 of 9
Off-plan median / sqmAED 16,9519 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 9 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

18K18K17K50Sep 24May 25Jan 26Aug 26
Oct 25 · 18K /sqmAug 26 · 17K /sqm · 9 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20269AED 1,707,900AED 16,951——
July 20260————
June 20263AED 2,347,846AED 18,502——
May 20260————
April 202615AED 2,382,388AED 17,695——
March 202613AED 2,405,000AED 17,711——

2.By bedroomthree months to August 2026

TypeSalesMedian priceAED / sqmMedian rentContracts
1 bedroom6AED 1,543,280AED 17,602——
2 bedrooms5AED 2,424,101AED 17,283——

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 Neon

DateUnitSize sqmPriceAED / sqmStatus
26 Aug 20261 bedroom84AED 1,332,796AED 15,876Off-plan
19 Aug 20261 bedroom93AED 1,707,900AED 18,372Off-plan
19 Aug 20261 bedroom82AED 1,352,200AED 16,482Off-plan
19 Aug 20262 bedrooms135AED 2,206,547AED 16,381Off-plan
19 Aug 20262 bedrooms154AED 2,424,101AED 15,782Off-plan
19 Aug 20261 bedroom82AED 1,390,669AED 16,951Off-plan
19 Aug 20261 bedroom93AED 1,695,891AED 18,253Off-plan
17 Aug 20262 bedrooms136AED 2,459,500AED 18,111Off-plan
17 Aug 20263 bedrooms191AED 3,478,036AED 18,198Off-plan
29 Jun 20262 bedrooms136AED 2,347,846AED 17,283Off-plan
26 Jun 20262 bedrooms135AED 2,491,266AED 18,502Off-plan
26 Jun 20261 bedroom93AED 1,763,700AED 18,973Off-plan
16 Apr 20262 bedrooms135AED 2,586,004AED 19,086Off-plan
16 Apr 20262 bedrooms154AED 2,485,004AED 16,185Off-plan
16 Apr 20262 bedrooms136AED 2,337,100AED 17,211Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Neon over the last two years. It stays in the link and the PDF.

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.

Full methodology