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Monthly report

Dubai property market — January 2014

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2014. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales5,410Registered in January 2014up26% vs a year earlier
Total valueAED 12.34BRegistered in January 2014Across 93 communities
Price per sqftAED 874/sqftMedian across January 2014up1.7% vs a year earlier
Sale priceAED 1.32MMedian across January 20147% sold off-plan

In a sentence

The Land Department registered 5,410 property sales in January 2014, worth AED 12.34B in total, across 93 communities. That is 26% more than the same month a year earlier.

The median sale was AED 1,323,643 at AED 874/sqft, 1.7% above the same month last year. 7% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 621 registered sales, while Burj Khalifa took the most money at AED 1.52B.

Against the previous month, Al Hebiah Fifth rose 139% to 308 sales, while Al Yelayiss 1 fell 94% to 88.

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 January 2014, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth621+16.7%AED 1.22BAED 1.31MAED 813/sqft1%
Business Bay555+5.7%AED 990.42MAED 1.47MAED 1,166/sqft1%
Burj Khalifa524-56.9%AED 1.52BAED 1.95MAED 2,090/sqft14%
Al Barsha South Fourth442+61.3%AED 583.89MAED 853KAED 767/sqft15%
Marsa Dubai441-37.8%AED 817.20MAED 1.50MAED 1,401/sqft3%
Al Hebiah Fourth401+61.7%AED 367.10MAED 690KAED 975/sqft9%
Al Warsan First354+8.6%AED 223.25MAED 424KAED 699/sqft0%
Al Hebiah Fifth308+138.8%AED 239.35MAED 733KAED 863/sqft0%
Jumeirah First213+660.7%AED 1.25BAED 4.92MAED 440/sqft0%
Palm Jumeirah138+21.1%AED 539.04MAED 2.85MAED 1,601/sqft7%
Al Thanyah Third121-70.8%AED 226.89MAED 1.60MAED 1,456/sqft26%
Nadd Hessa115-11.5%AED 91.61MAED 625KAED 777/sqft7%
Dubai Investment Park Second106+165.0%AED 243.33MAED 663KAED 632/sqft0%
Jabal Ali First104-42.5%AED 92.16MAED 539KAED 782/sqft1%
Al Yelayiss 188-94.0%AED 148.57MAED 1.70MAED 590/sqft100%

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 1.52B524
Jumeirah FirstAED 1.25B213
Al Thanyah FifthAED 1.22B621
Business BayAED 990.42M555
Marsa DubaiAED 817.20M441
Al Barsha South FourthAED 583.89M442
Palm JumeirahAED 539.04M138
Al Hebiah ThirdAED 395.24M84
Al Hebiah FourthAED 367.10M401
Al Thanayah FourthAED 250.06M77

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
Al Hebiah Fifth308+138.8%
Al Yelayiss 188-94.0%
Me'Aisem First86-73.2%
Al Thanyah Third121-70.8%
Al Hebiah First65-69.8%
Al Hebiah Fourth401+61.7%
Al Barsha South Fourth442+61.3%
Burj Khalifa524-56.9%
Al Hebiah Third84-56.3%
Jabal Ali First104-42.5%

The largest sales of January 2014

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
16 Jan 2014Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified71,169 sqftAED 2,258/sqftAED 160,672,875
23 Jan 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,760/sqftAED 144,000,000
27 Jan 2014Dubai Investment Park SecondRITAJDubai Investment Park SecondBuildingExisting PropertiesNot specified114,302 sqftAED 859/sqftAED 98,230,000
15 Jan 2014Nad Al Shiba FirstTHE POLO TOWN HOUSESMeydan Racecourse CommunityLandExisting PropertiesNot specified575,376 sqftAED 128/sqftAED 73,425,515
29 Jan 2014Jumeirah First—LandExisting PropertiesNot specified103,480 sqftAED 590/sqftAED 61,053,200
22 Jan 2014Al JadafDUBAI DIGITAL CENTERSama Al JadafLandExisting PropertiesNot specified44,393 sqftAED 1,250/sqftAED 55,491,250
13 Jan 2014Al Raffa—LandExisting PropertiesNot specified42,700 sqftAED 1,250/sqftAED 53,375,000
14 Jan 2014Oud Metha—BuildingExisting PropertiesNot specified15,606 sqftAED 3,396/sqftAED 53,000,000
28 Jan 2014Al Hebiah ThirdDAMAC HILLS- PELHAMDAMAC HILLSLandExisting PropertiesNot specified836,724 sqftAED 62/sqftAED 51,720,456
7 Jan 2014Al Barsha First—LandExisting PropertiesNot specified26,410 sqftAED 1,950/sqftAED 51,499,500

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.