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Monthly report

Dubai property market — March 2014

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

Sales5,616Registered in March 2014up26.7% vs a year earlier
Total valueAED 13.85BRegistered in March 2014Across 93 communities
Price per sqftAED 1,031/sqftMedian across March 2014up15.2% vs a year earlier
Sale priceAED 1.42MMedian across March 201420% sold off-plan

In a sentence

The Land Department registered 5,616 property sales in March 2014, worth AED 13.85B in total, across 93 communities. That is 27% more than the same month a year earlier.

The median sale was AED 1,420,000 at AED 1,031/sqft, 15.2% above the same month last year. 20% of sales were off-plan.

Business Bay was the busiest community with 755 registered sales, while Burj Khalifa took the most money at AED 1.86B.

Against the previous month, Al Hebiah First rose 155% to 163 sales, while Al Thanayah Fourth fell 17% to 62.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay755+43.3%AED 1.49BAED 1.26MAED 1,393/sqft36%
Burj Khalifa536+16.0%AED 1.86BAED 2.42MAED 2,385/sqft40%
Marsa Dubai535-0.4%AED 1.37BAED 1.90MAED 1,594/sqft6%
Al Thanyah Fifth457+16.6%AED 968.49MAED 1.38MAED 873/sqft3%
Al Barsha South Fourth399+18.8%AED 670.45MAED 815KAED 751/sqft12%
Al Hebiah Fourth354+42.7%AED 315.20MAED 662KAED 1,036/sqft31%
Al Hebiah Third304+55.1%AED 729.90MAED 2.35MAED 862/sqft38%
Al Warsan First257-5.5%AED 204.71MAED 454KAED 784/sqft2%
Palm Jumeirah196+26.5%AED 932.68MAED 2.91MAED 1,745/sqft19%
Al Hebiah First163+154.7%AED 252.22MAED 1.18MAED 715/sqft0%
Al Hebiah Fifth149+50.5%AED 133.11MAED 827KAED 887/sqft0%
Al Thanyah Third144+7.5%AED 322.86MAED 2.16MAED 1,556/sqft27%
Nadd Hessa123+29.5%AED 157.10MAED 650KAED 827/sqft11%
Me'Aisem First122+37.1%AED 132.98MAED 450KAED 933/sqft63%
Wadi Al Safa 7117+1571.4%AED 614.70MAED 4.87MAED 706/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 1.86B536
Business BayAED 1.49B755
Marsa DubaiAED 1.37B535
Al Thanyah FifthAED 968.49M457
Palm JumeirahAED 932.68M196
Al Hebiah ThirdAED 729.90M304
Al Barsha South FourthAED 670.45M399
Wadi Al Safa 7AED 614.70M117
Al Thanyah ThirdAED 322.86M144
Al Hebiah FourthAED 315.20M354

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 First163+154.7%
Al Hebiah Third304+55.1%
Al Hebiah Fifth149+50.5%
Business Bay755+43.3%
Al Hebiah Fourth354+42.7%
Me'Aisem First122+37.1%
Nadd Hessa123+29.5%
Palm Jumeirah196+26.5%
Al Barsha South Fourth399+18.8%
Al Thanayah Fourth62-17.3%

The largest sales of March 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
10 Mar 2014Al Goze Industrial Second—LandExisting PropertiesNot specified723,106 sqftAED 180/sqftAED 130,500,000
18 Mar 2014Marsa Dubai—TECOM Site DLandExisting PropertiesNot specified110,744 sqftAED 1,087/sqftAED 120,393,000
20 Mar 2014Business BayMAJESTINEBusiness BayBuildingExisting PropertiesNot specified75,425 sqftAED 1,559/sqftAED 117,600,000
4 Mar 2014Burj Khalifa—Business BayLandExisting PropertiesNot specified80,180 sqftAED 1,400/sqftAED 112,252,000
4 Mar 2014Al Safouh Second—BuildingExisting PropertiesNot specified167,800 sqftAED 600/sqftAED 100,680,000
3 Mar 2014Business BayEnara By OmniyatBusiness BayLandExisting PropertiesNot specified93,785 sqftAED 1,000/sqftAED 93,785,000
13 Mar 2014Al Mararr—BuildingExisting PropertiesNot specified14,504 sqftAED 5,516/sqftAED 80,000,000
26 Mar 2014Al Barsha South FourthFive at Jumeirah Village Circle DubaiJumeirah Village CircleBuildingExisting PropertiesNot specified69,107 sqftAED 1,047/sqftAED 72,330,000
24 Mar 2014Business BayAG TOWERBusiness BayBuildingExisting PropertiesNot specified82,024 sqftAED 870/sqftAED 71,360,590
17 Mar 2014Al Nahda Second—BuildingExisting PropertiesNot specified23,511 sqftAED 2,982/sqftAED 70,100,000

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.