Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Community market report · Al Kifaf · August 2026
Wasl 1
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-P110-202608
Key takeaways
- Median price for apartments: AED 2,592,777 (AED 23,204 per sqm), down 2.7% year on year.
- Per sqm, apartments here are 27% above the Dubai median of AED 18,311 (every registered sale in Dubai that month).
- 21 sales recorded in August 2026, down 89% from a year earlier.
- 62% of the apartments sold in August 2026 were off-plan; ready homes traded at AED 21,251 per sqm against AED 23,836 off-plan.
1.Apartments21 sales · August 2026
Small sample: medians for August 2026 are based on only 21 recorded sales and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 21 | AED 2,592,777 | AED 23,204 | — | — |
| July 2026 | 24 | AED 2,743,389 | AED 23,347 | — | — |
| June 2026 | 18 | AED 2,641,389 | AED 22,163 | — | — |
| May 2026 | 26 | AED 2,748,277 | AED 24,564 | — | — |
| April 2026 | 36 | AED 2,619,777 | AED 23,367 | — | — |
| March 2026 | 13 | AED 2,878,777 | AED 22,667 | — | — |
2.Most-traded buildingsin Wasl 1, last 3 months · each links to its own report
3.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.