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Monthly report

Dubai property market — February 2014

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

Sales4,472Registered in February 2014up8.2% vs a year earlier
Total valueAED 11.13BRegistered in February 2014Across 89 communities
Price per sqftAED 970/sqftMedian across February 2014up7.4% vs a year earlier
Sale priceAED 1.40MMedian across February 20149% sold off-plan

In a sentence

The Land Department registered 4,472 property sales in February 2014, worth AED 11.13B in total, across 89 communities. That is 8% more than the same month a year earlier.

The median sale was AED 1,399,944 at AED 970/sqft, 7.4% above the same month last year. 9% of sales were off-plan.

Marsa Dubai was the busiest community with 537 registered sales, while Burj Khalifa took the most money at AED 1.34B.

Against the previous month, Al Hebiah Third rose 133% to 196 sales, while Al Hebiah Fifth fell 68% to 99.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai537+21.8%AED 1.10BAED 1.73MAED 1,551/sqft2%
Business Bay527-5.0%AED 815.96MAED 1.29MAED 1,280/sqft5%
Burj Khalifa462-11.8%AED 1.34BAED 1.95MAED 2,036/sqft15%
Al Thanyah Fifth392-36.9%AED 832.80MAED 1.40MAED 824/sqft1%
Al Barsha South Fourth336-24.0%AED 547.06MAED 853KAED 721/sqft13%
Al Warsan First272-23.2%AED 129.42MAED 414KAED 706/sqft0%
Al Hebiah Fourth248-38.2%AED 279.23MAED 730KAED 921/sqft13%
Al Hebiah Third196+133.3%AED 535.54MAED 2.58MAED 783/sqft4%
Palm Jumeirah155+12.3%AED 696.49MAED 3.00MAED 1,822/sqft19%
Al Thanyah Third134+10.7%AED 491.83MAED 1.58MAED 1,515/sqft19%
Jabal Ali First109+4.8%AED 139.45MAED 705KAED 819/sqft6%
Al Hebiah Fifth99-67.9%AED 81.69MAED 718KAED 876/sqft0%
Nadd Hessa95-17.4%AED 86.94MAED 658KAED 811/sqft11%
Dubai Investment Park Second91-14.2%AED 121.26MAED 635KAED 676/sqft0%
Me'Aisem First89+3.5%AED 128.70MAED 610KAED 840/sqft28%

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 1.34B462
Marsa DubaiAED 1.10B537
Al Thanyah FifthAED 832.80M392
Business BayAED 815.96M527
Palm JumeirahAED 696.49M155
Island 2AED 596.73M21
Al Barsha South FourthAED 547.06M336
Al Hebiah ThirdAED 535.54M196
Al Thanyah ThirdAED 491.83M134
Al Nahda FirstAED 317.30M3

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 Third196+133.3%
Al Hebiah Fifth99-67.9%
Al Hebiah Fourth248-38.2%
Al Thanyah Fifth392-36.9%
Al Yelayiss 165-26.1%
Al Barsha South Fourth336-24.0%
Al Warsan First272-23.2%
Marsa Dubai537+21.8%
Dubai Investment Park First60-17.8%
Nadd Hessa95-17.4%

The largest sales of February 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
13 Feb 2014Al Thanyah Third—LandExisting PropertiesNot specified37,478 sqftAED 6,671/sqftAED 250,000,000
3 Feb 2014Al Wasl—BuildingExisting PropertiesNot specified30,000 sqftAED 7,000/sqftAED 210,000,000
10 Feb 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,800/sqftAED 145,000,000
10 Feb 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,600/sqftAED 140,000,000
4 Feb 2014Al Barsha First—LandExisting PropertiesNot specified26,676 sqftAED 3,000/sqftAED 80,028,000
17 Feb 2014Al Barsha First—LandExisting PropertiesNot specified35,053 sqftAED 2,000/sqftAED 70,106,000
4 Feb 2014Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified27,012 sqftAED 2,460/sqftAED 66,449,900
24 Feb 2014Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified11,355 sqftAED 5,284/sqftAED 60,000,000
19 Feb 2014Al Muteena—BuildingExisting PropertiesNot specified29,060 sqftAED 1,961/sqftAED 57,000,000
24 Feb 2014Island 2—Jumeira BayLandExisting PropertiesNot specified36,355 sqftAED 1,499/sqftAED 54,508,440

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.