India, April 15 -- Real estate transactions in Dubai declined by nearly 24% in the first quarter of 2026, falling from 17,394 in January to 13,241 in March, according to data from the Dubai Land Department.

In March, real estate transactions in Dubai declined as buyer sentiment weakened amid heightened uncertainty triggered by the US-Iran war. The total transaction value was about AED 42.63 billion, according to the data.

In March, the total number of transactions in Dubai was 13,241, the data showed.

The decline was gradual through February, with transactions at 17,010, before a sharper drop in March, indicating a loss of momentum toward the end of the quarter amid the ongoing geopolitical situation, experts said.

However, early Apri...