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Monthly report

Dubai property market — July 2013

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside July 2013. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales5,488Registered in July 2013up82% vs a year earlier
Total valueAED 14.31BRegistered in July 2013Across 90 communities
Price per sqftAED 915/sqftMedian across July 2013up9.6% vs a year earlier
Sale priceAED 1.28MMedian across July 201316% sold off-plan

In a sentence

The Land Department registered 5,488 property sales in July 2013, worth AED 14.31B in total, across 90 communities. That is 82% more than the same month a year earlier.

The median sale was AED 1,275,521 at AED 915/sqft, 9.6% above the same month last year. 16% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 787 registered sales, while Palm Jumeirah took the most money at AED 2.08B.

Against the previous month, Palm Jumeirah rose 70% to 387 sales, while Al Hebiah Fifth fell 24% to 78.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in July 2013, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth787-12.7%AED 1.31BAED 1.03MAED 871/sqft3%
Marsa Dubai620-6.6%AED 1.20BAED 1.44MAED 1,333/sqft10%
Business Bay567-11.4%AED 862.13MAED 1.24MAED 1,278/sqft37%
Burj Khalifa475+15.6%AED 1.46BAED 1.81MAED 1,808/sqft28%
Palm Jumeirah387+70.5%AED 2.08BAED 2.60MAED 2,165/sqft60%
Al Warsan First330+31.5%AED 131.92MAED 375KAED 583/sqft0%
Dubai Investment Park First236-6.7%AED 520.13MAED 1.41MAED 345/sqft3%
Nadd Hessa227-11.3%AED 292.05MAED 520KAED 650/sqft3%
Jabal Ali First189-0.5%AED 155.97MAED 415KAED 681/sqft0%
Al Barsha South Fourth187+3.3%AED 273.61MAED 791KAED 680/sqft13%
Al Hebiah Fourth177-20.6%AED 222.01MAED 477KAED 639/sqft28%
Me'Aisem First160+53.8%AED 597.80MAED 1.07MAED 806/sqft13%
Al Thanyah Third152+24.6%AED 276.28MAED 1.52MAED 1,220/sqft4%
Al Hebiah First137+57.5%AED 172.63MAED 1.06MAED 735/sqft0%
Al Thanayah Fourth110+0.9%AED 336.06MAED 2.56MAED 734/sqft0%

Where the money went

Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.

CommunityValueSales
Palm JumeirahAED 2.08B387
Burj KhalifaAED 1.46B475
Al Thanyah FifthAED 1.31B787
Marsa DubaiAED 1.20B620
Al MerkadhAED 1.13B1
Business BayAED 862.13M567
Zaabeel SecondAED 757.00M1
Me'Aisem FirstAED 597.80M160
Dubai Investment Park FirstAED 520.13M236
Wadi Al Safa 6AED 343.22M96

Biggest movers

Change in registered sales against the previous month. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Palm Jumeirah387+70.5%
Al Hebiah First137+57.5%
Me'Aisem First160+53.8%
Wadi Al Safa 696+33.3%
Al Warsan First330+31.5%
Al Thanyah Third152+24.6%
Al Hebiah Fifth78-23.5%
Al Hebiah Fourth177-20.6%
Burj Khalifa475+15.6%
Al Thanyah Fifth787-12.7%

The largest sales of July 2013

Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.

Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
9 Jul 2013Al Merkadh—LandExisting PropertiesNot specified48,167,112 sqftAED 23/sqftAED 1,125,000,000
25 Jul 2013Zaabeel SecondAkala Hotels and ResidencesDubai International Financial CenterLandExisting PropertiesNot specified138,466 sqftAED 5,467/sqftAED 757,000,000
10 Jul 2013Palm JumeirahPasso By BeyondPalm JumeirahBuildingExisting PropertiesNot specified505,735 sqftAED 1,100/sqftAED 556,309,600
22 Jul 2013Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified1,853,255 sqftAED 64/sqftAED 118,705,274
1 Jul 2013Burj KhalifaRP HEIGHTSDownTown DubaiBuildingExisting PropertiesNot specified41,047 sqftAED 2,193/sqftAED 90,000,000
30 Jul 2013Burj Khalifa—Business BayLandExisting PropertiesNot specified51,317 sqftAED 1,500/sqftAED 77,000,000
1 Jul 2013Burj KhalifaELEGANCE TOWERDownTown DubaiLandExisting PropertiesNot specified41,714 sqftAED 1,537/sqftAED 64,128,000
3 Jul 2013Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified13,398 sqftAED 4,105/sqftAED 55,000,000
31 Jul 2013Mankhool—BuildingExisting PropertiesNot specified19,680 sqftAED 2,668/sqftAED 52,500,000
22 Jul 2013Burj KhalifaBurj RoyaleDownTown DubaiBuildingExisting PropertiesNot specified64,542 sqftAED 720/sqftAED 46,470,240

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.