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Monthly report

Dubai property market — October 2013

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

Sales7,950Registered in October 2013up96.2% vs a year earlier
Total valueAED 17.96BRegistered in October 2013Across 94 communities
Price per sqftAED 914/sqftMedian across October 2013up9% vs a year earlier
Sale priceAED 1.27MMedian across October 201320% sold off-plan

In a sentence

The Land Department registered 7,950 property sales in October 2013, worth AED 17.96B in total, across 94 communities. That is 96% more than the same month a year earlier.

The median sale was AED 1,275,000 at AED 914/sqft, 9% above the same month last year. 20% of sales were off-plan.

Burj Khalifa was the busiest community with 1,074 registered sales, and also took the most money at AED 3.75B.

Against the previous month, Burj Khalifa rose 102% to 1,074 sales, while Jabal Ali First fell 39% to 123.

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 October 2013, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Burj Khalifa1,074+101.9%AED 3.75BAED 2.53MAED 2,273/sqft51%
Al Thanyah Fifth1,037+31.6%AED 1.86BAED 1.16MAED 809/sqft3%
Marsa Dubai898+46.3%AED 1.63BAED 1.34MAED 1,326/sqft5%
Business Bay657+12.3%AED 1.03BAED 1.22MAED 1,226/sqft19%
Al Barsha South Fourth500-23.8%AED 632.64MAED 742KAED 765/sqft18%
Al Hebiah First459+100.4%AED 818.97MAED 1.20MAED 600/sqft0%
Al Warsan First411+58.7%AED 197.49MAED 356KAED 619/sqft0%
Nadd Hessa357+70.8%AED 343.23MAED 589KAED 668/sqft0%
Palm Jumeirah329+34.3%AED 1.73BAED 2.13MAED 1,916/sqft67%
Al Hebiah Fourth300-1.6%AED 467.36MAED 623KAED 799/sqft2%
Al Yelayiss 1276+2200.0%AED 413.98MAED 1.49MAED 540/sqft100%
Me'Aisem First258+50.9%AED 239.94MAED 514KAED 850/sqft35%
Al Hebiah Fifth180-19.6%AED 156.41MAED 856KAED 887/sqft0%
Al Thanyah Third173-16.4%AED 355.32MAED 1.86MAED 1,348/sqft46%
Al Hebiah Third126+44.8%AED 372.83MAED 2.78MAED 801/sqft21%

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
Burj KhalifaAED 3.75B1,074
Al Thanyah FifthAED 1.86B1,037
Palm JumeirahAED 1.73B329
Marsa DubaiAED 1.63B898
Business BayAED 1.03B657
Al Hebiah FirstAED 818.97M459
Al Barsha South FourthAED 632.64M500
Al Hebiah FourthAED 467.36M300
Al Yelayiss 1AED 413.98M276
Al Hebiah ThirdAED 372.83M126

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
Burj Khalifa1,074+101.9%
Al Hebiah First459+100.4%
Nadd Hessa357+70.8%
Al Warsan First411+58.7%
Me'Aisem First258+50.9%
Marsa Dubai898+46.3%
Al Hebiah Third126+44.8%
Jabal Ali First123-39.1%
Palm Jumeirah329+34.3%
Al Thanyah Fifth1,037+31.6%

The largest sales of October 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
28 Oct 2013Palm JumeirahONE AT PALM JUMEIRAHPalm JumeirahBuildingExisting PropertiesNot specified155,470 sqftAED 1,302/sqftAED 202,421,809
3 Oct 2013Palm JumeirahTIARA RESIDENCEPalm JumeirahVillaExisting PropertiesNot specified422,107 sqftAED 433/sqftAED 182,613,000
31 Oct 2013Al Barshaa South SecondSAAS HillsDubai Science ParkLandExisting PropertiesNot specified171,887 sqftAED 702/sqftAED 120,664,674
29 Oct 2013Burj KhalifaTAMANI ARTS OFFICESBusiness BayLandExisting PropertiesNot specified101,183 sqftAED 1,072/sqftAED 108,470,000
28 Oct 2013AL QUSAIS—BuildingExisting PropertiesNot specified240,000 sqftAED 375/sqftAED 90,000,000
21 Oct 2013Mankhool—BuildingExisting PropertiesNot specified15,729 sqftAED 5,722/sqftAED 90,000,000
3 Oct 2013Burj KhalifaELITE DOWNTOWN RESIDENCEDownTown DubaiBuildingExisting PropertiesNot specified47,688 sqftAED 1,832/sqftAED 87,381,525
10 Oct 2013Al Jadaf—Jaddaf WaterfrontLandExisting PropertiesNot specified118,761 sqftAED 644/sqftAED 76,518,000
8 Oct 2013Palm JumeirahMURABA RESIDENCES PALM JUMERIAHPalm JumeirahBuildingExisting PropertiesNot specified53,261 sqftAED 1,386/sqftAED 73,795,000
29 Oct 2013Burj KhalifaPARK LANE TOWERBusiness BayLandExisting PropertiesNot specified68,101 sqftAED 1,072/sqftAED 73,005,000

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.