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Monthly report

Dubai property market — April 2014

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

Sales5,537Registered in April 2014down2.1% vs a year earlier
Total valueAED 14.46BRegistered in April 2014Across 90 communities
Price per sqftAED 1,021/sqftMedian across April 2014up14.8% vs a year earlier
Sale priceAED 1.49MMedian across April 201423% sold off-plan

In a sentence

The Land Department registered 5,537 property sales in April 2014, worth AED 14.46B in total, across 90 communities. That is 2% fewer than the same month a year earlier.

The median sale was AED 1,491,477 at AED 1,021/sqft, 14.8% above the same month last year. 23% of sales were off-plan.

Marsa Dubai was the busiest community with 604 registered sales, while Burj Khalifa took the most money at AED 1.83B.

Against the previous month, Wadi Al Safa 7 rose 173% to 319 sales, while Dubai Investment Park Second fell 45% to 51.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai604+12.9%AED 1.57BAED 1.85MAED 1,649/sqft12%
Business Bay584-22.6%AED 950.35MAED 1.35MAED 1,444/sqft33%
Burj Khalifa563+5.0%AED 1.83BAED 2.70MAED 2,167/sqft50%
Al Thanyah Fifth413-9.6%AED 904.40MAED 1.48MAED 954/sqft2%
Al Hebiah Third349+14.8%AED 813.41MAED 2.25MAED 915/sqft37%
Al Barsha South Fourth340-14.8%AED 568.68MAED 901KAED 775/sqft19%
Wadi Al Safa 7319+172.6%AED 1.31BAED 3.89MAED 798/sqft0%
Al Hebiah Fourth311-12.1%AED 290.34MAED 603KAED 916/sqft27%
Al Warsan First283+10.1%AED 218.26MAED 464KAED 743/sqft8%
Palm Jumeirah155-20.9%AED 709.19MAED 3.00MAED 1,764/sqft22%
Me'Aisem First138+13.1%AED 181.48MAED 475KAED 981/sqft54%
Nadd Hessa135+9.8%AED 286.42MAED 609KAED 821/sqft9%
Al Hebiah Fifth133-10.7%AED 108.41MAED 800KAED 876/sqft0%
Al Thanyah Third119-17.4%AED 273.81MAED 1.80MAED 1,572/sqft24%
Wadi Al Safa 5105+114.3%AED 112.17MAED 690KAED 703/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 1.83B563
Marsa DubaiAED 1.57B604
Wadi Al Safa 7AED 1.31B319
Business BayAED 950.35M584
Al Thanyah FifthAED 904.40M413
Al Hebiah ThirdAED 813.41M349
Palm JumeirahAED 709.19M155
Al Barsha South FourthAED 568.68M340
Trade Center SecondAED 492.13M6
Al Hebiah FourthAED 290.34M311

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
Wadi Al Safa 7319+172.6%
Dubai Investment Park Second51-44.6%
Business Bay584-22.6%
Palm Jumeirah155-20.9%
Al Thanyah Third119-17.4%
Al Hebiah Third349+14.8%
Al Barsha South Fourth340-14.8%
Me'Aisem First138+13.1%
Marsa Dubai604+12.9%
Al Hebiah Fourth311-12.1%

The largest sales of April 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
3 Apr 2014Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 19,000/sqftAED 475,000,000
7 Apr 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified59,999 sqftAED 3,333/sqftAED 200,000,000
21 Apr 2014Marsa Dubai—TECOM Site DLandExisting PropertiesNot specified110,744 sqftAED 1,611/sqftAED 178,360,000
24 Apr 2014Port Saeed—BuildingExisting PropertiesNot specified21,212 sqftAED 5,893/sqftAED 125,000,000
8 Apr 2014Jumeirah First—VillaExisting PropertiesNot specified170,134 sqftAED 650/sqftAED 110,587,100
14 Apr 2014Al Nahda Second—BuildingExisting PropertiesNot specified26,470 sqftAED 3,872/sqftAED 102,500,000
14 Apr 2014Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified42,071 sqftAED 2,258/sqftAED 95,000,000
21 Apr 2014Al Barsha First—BuildingExisting PropertiesNot specified21,424 sqftAED 3,361/sqftAED 72,000,000
24 Apr 2014Um Suqaim Third—LandExisting PropertiesNot specified48,000 sqftAED 1,200/sqftAED 57,600,000
9 Apr 2014Al Suq Al Kabeer—BuildingExisting PropertiesNot specified20,548 sqftAED 2,677/sqftAED 55,000,000

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.