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Quarterly report

Dubai property market — Q3 2013

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2013. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales14,818Registered in Q3 2013up89.7% vs a year earlier
Total valueAED 33.70BRegistered in Q3 2013Across 109 communities
Price per sqftAED 889/sqftMedian across Q3 2013up10.2% vs a year earlier
Sale priceAED 1.19MMedian across Q3 201317% sold off-plan

In a sentence

The Land Department registered 14,818 property sales in Q3 2013, worth AED 33.70B in total, across 109 communities. That is 90% more than the same quarter a year earlier.

The median sale was AED 1,190,292 at AED 889/sqft, 10.2% above the same quarter last year. 17% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 1,973 registered sales, while Burj Khalifa took the most money at AED 3.71B.

Against the previous quarter, Al Safouh First rose 104% to 106 sales, while Al Barsha South Fifth fell 67% to 132.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q3 2013, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth1,973-27.3%AED 3.50BAED 1.07MAED 856/sqft6%
Marsa Dubai1,636-31.1%AED 3.23BAED 1.42MAED 1,349/sqft9%
Business Bay1,457-11.9%AED 2.25BAED 1.20MAED 1,250/sqft30%
Burj Khalifa1,348+0.9%AED 3.71BAED 1.87MAED 1,916/sqft25%
Al Barsha South Fourth998+65.0%AED 1.07BAED 653KAED 700/sqft41%
Palm Jumeirah795+23.1%AED 3.61BAED 2.72MAED 2,025/sqft53%
Al Warsan First767-12.2%AED 348.73MAED 375KAED 610/sqft0%
Al Hebiah Fourth659+31.3%AED 749.47MAED 581KAED 720/sqft17%
Nadd Hessa569-9.4%AED 603.66MAED 521KAED 664/sqft5%
Dubai Investment Park First474-23.1%AED 917.10MAED 1.38MAED 355/sqft9%
Jabal Ali First445-6.5%AED 414.21MAED 570KAED 697/sqft10%
Al Thanyah Third440-20.7%AED 823.28MAED 1.30MAED 1,150/sqft10%
Al Hebiah First401+63.7%AED 681.43MAED 1.04MAED 695/sqft0%
Me'Aisem First399+22.4%AED 1.01BAED 653KAED 879/sqft16%
Al Hebiah Fifth394+16.6%AED 316.45MAED 735KAED 833/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
Burj KhalifaAED 3.71B1,348
Palm JumeirahAED 3.61B795
Al Thanyah FifthAED 3.50B1,973
Marsa DubaiAED 3.23B1,636
Business BayAED 2.25B1,457
Al MerkadhAED 1.13B1
Al Thanayah FourthAED 1.11B251
Al Barsha South FourthAED 1.07B998
Me'Aisem FirstAED 1.01B399
Dubai Investment Park FirstAED 917.10M474

Biggest movers

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

CommunitySalesChange
Al Safouh First106+103.8%
Al Barsha South Fifth132-66.9%
Al Barsha South Fourth998+65.0%
Al Hebiah First401+63.7%
Al Thanayah Fourth251-35.0%
Al Hebiah Fourth659+31.3%
Marsa Dubai1,636-31.1%
Al Hebiah Third155-29.2%
Al Barshaa South Third129+27.7%
Al Thanyah Fifth1,973-27.3%

The largest sales of Q3 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 MerkadhLandExisting 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
12 Aug 2013Um Suqaim SecondPORTO DUBAIBuildingExisting PropertiesNot specified1,114,602 sqftAED 317/sqftAED 353,000,000
17 Sept 2013Rega Al ButeenBuildingExisting PropertiesNot specified20,808 sqftAED 10,621/sqftAED 221,000,000
19 Aug 2013Al Hebiah FirstMotor CityLandExisting PropertiesNot specified162,463 sqftAED 1,114/sqftAED 181,000,000
12 Aug 2013Al Nahda FirstBuildingExisting PropertiesNot specified25,028 sqftAED 4,795/sqftAED 120,000,000
22 Jul 2013Dubai Investment Park FirstDubai Investment Park FirstBuildingExisting PropertiesNot specified1,853,255 sqftAED 64/sqftAED 118,705,274
30 Sept 2013Al Thanyah ThirdThe GreensBuildingExisting PropertiesNot specified185,755 sqftAED 635/sqftAED 118,000,000
13 Aug 2013Marsa DubaiSTELLA MARISDubai MarinaBuildingExisting PropertiesNot specified35,718 sqftAED 2,912/sqftAED 104,000,000

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.