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Monthly report

Dubai property market — June 2014

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

Sales5,239Registered in June 2014down3.9% vs a year earlier
Total valueAED 12.53BRegistered in June 2014Across 95 communities
Price per sqftAED 1,089/sqftMedian across June 2014up22.4% vs a year earlier
Sale priceAED 1.27MMedian across June 201428% sold off-plan

In a sentence

The Land Department registered 5,239 property sales in June 2014, worth AED 12.53B in total, across 95 communities. That is 4% fewer than the same month a year earlier.

The median sale was AED 1,271,100 at AED 1,089/sqft, 22.4% above the same month last year. 28% of sales were off-plan.

Business Bay was the busiest community with 901 registered sales, and also took the most money at AED 1.88B.

Against the previous month, Al Hebiah Fifth rose 117% to 150 sales, while Jabal Ali First fell 58% to 102.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay901+89.7%AED 1.88BAED 1.54MAED 1,598/sqft49%
Marsa Dubai501+30.1%AED 1.26BAED 2.10MAED 1,680/sqft20%
Al Barsha South Fourth379+0.8%AED 593.16MAED 853KAED 948/sqft42%
Al Hebiah Fourth379+51.6%AED 334.83MAED 683KAED 925/sqft17%
Al Thanyah Fifth378-8.9%AED 703.82MAED 1.32MAED 1,046/sqft8%
Burj Khalifa302-3.5%AED 1.09BAED 2.67MAED 2,441/sqft29%
Al Hebiah Third245+59.1%AED 706.02MAED 2.66MAED 975/sqft33%
Al Warsan First240+0.8%AED 176.23MAED 450KAED 744/sqft1%
Dubai Investment Park First164+36.7%AED 210.98MAED 634KAED 773/sqft67%
Nadd Hessa163+17.3%AED 119.63MAED 623KAED 803/sqft9%
Al Hebiah Fifth150+117.4%AED 133.31MAED 850KAED 874/sqft0%
Me'Aisem First130-23.1%AED 222.73MAED 602KAED 992/sqft58%
Palm Jumeirah122+8.9%AED 813.06MAED 3.10MAED 1,824/sqft21%
Madinat Al Mataar112+47.4%AED 81.54MAED 642KAED 1,422/sqft100%
Jabal Ali First102-57.7%AED 137.08MAED 795KAED 856/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
Business BayAED 1.88B901
Marsa DubaiAED 1.26B501
Burj KhalifaAED 1.09B302
Palm JumeirahAED 813.06M122
Al Hebiah ThirdAED 706.02M245
Al Thanyah FifthAED 703.82M378
Al Barsha South FourthAED 593.16M379
Trade Center SecondAED 416.64M5
Al Hebiah FourthAED 334.83M379
Al Thanayah FourthAED 316.06M51

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 Fifth150+117.4%
Business Bay901+89.7%
Al Hebiah Third245+59.1%
Jabal Ali First102-57.7%
Al Hebiah Fourth379+51.6%
Madinat Al Mataar112+47.4%
Al Hebiah First81+37.3%
Dubai Investment Park First164+36.7%
Marsa Dubai501+30.1%
Dubai Investment Park Second62-25.3%

The largest sales of June 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
9 Jun 2014Trade Center Second—BuildingExisting PropertiesNot specified11,800 sqftAED 33,898/sqftAED 400,000,000
23 Jun 2014Madinat Dubai Almelaheyah—BuildingExisting PropertiesNot specified28,400 sqftAED 5,458/sqftAED 155,000,000
25 Jun 2014Business BayPARAMOUNT TOWER HOTEL & RESIDENCESBuildingExisting PropertiesNot specified23,382 sqftAED 5,988/sqftAED 140,000,000
4 Jun 2014Al Karama—BuildingExisting PropertiesNot specified39,600 sqftAED 2,904/sqftAED 115,000,000
16 Jun 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified23,517 sqftAED 4,252/sqftAED 100,000,000
18 Jun 2014Business BayBinghatti CanalBusiness BayLandExisting PropertiesNot specified39,139 sqftAED 2,210/sqftAED 86,500,000
18 Jun 2014Palm JumeirahELLINGTON BEACH HOUSEPalm JumeirahLandExisting PropertiesNot specified55,036 sqftAED 1,394/sqftAED 76,697,842
18 Jun 2014Palm Jumeirah—LandExisting PropertiesNot specified52,599 sqftAED 1,394/sqftAED 73,302,158
12 Jun 2014Business Bay—Business BayBuildingExisting PropertiesNot specified31,858 sqftAED 2,197/sqftAED 70,000,000
9 Jun 2014Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified45,118 sqftAED 1,396/sqftAED 63,000,000

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.