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Monthly report

Dubai property market — July 2014

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

Sales3,074Registered in July 2014down44% vs a year earlier
Total valueAED 9.91BRegistered in July 2014Across 86 communities
Price per sqftAED 1,020/sqftMedian across July 2014up11.5% vs a year earlier
Sale priceAED 1.20MMedian across July 201427% sold off-plan

In a sentence

The Land Department registered 3,074 property sales in July 2014, worth AED 9.91B in total, across 86 communities. That is 44% fewer than the same month a year earlier.

The median sale was AED 1,196,200 at AED 1,020/sqft, 11.5% above the same month last year. 27% of sales were off-plan.

Marsa Dubai was the busiest community with 363 registered sales, while Al Yelayiss 2 took the most money at AED 1.59B.

Against the previous month, Al Hebiah First rose 28% to 104 sales, while Business Bay fell 66% to 310.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai363-27.5%AED 639.97MAED 1.47MAED 1,566/sqft42%
Business Bay310-65.6%AED 787.29MAED 1.65MAED 1,302/sqft15%
Al Thanyah Fifth201-46.8%AED 427.19MAED 1.41MAED 1,170/sqft4%
Al Barsha South Fourth188-50.4%AED 460.40MAED 865KAED 878/sqft29%
Burj Khalifa177-41.4%AED 621.16MAED 2.51MAED 2,352/sqft37%
Al Warsan First155-35.4%AED 98.05MAED 418KAED 782/sqft2%
Al Hebiah Fourth149-60.7%AED 141.12MAED 785KAED 945/sqft40%
Dubai Investment Park First134-18.3%AED 152.02MAED 613KAED 738/sqft68%
Nadd Hessa132-19.0%AED 137.33MAED 602KAED 802/sqft12%
Al Hebiah First104+28.4%AED 99.07MAED 908KAED 951/sqft0%
Al Barshaa South Third98+104.2%AED 86.10MAED 598KAED 1,047/sqft97%
Palm Jumeirah86-29.5%AED 838.21MAED 3.25MAED 1,910/sqft14%
Al Hebiah Third85-65.3%AED 109.11MAED 878KAED 1,496/sqft86%
Me'Aisem First71-45.4%AED 97.91MAED 470KAED 992/sqft62%
Al Hebiah Fifth70-53.3%AED 257.34MAED 820KAED 875/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
Al Yelayiss 2AED 1.59B10
Palm JumeirahAED 838.21M86
Business BayAED 787.29M310
Marsa DubaiAED 639.97M363
Burj KhalifaAED 621.16M177
Al Barsha South FourthAED 460.40M188
Al Thanyah FifthAED 427.19M201
Al Hebiah FifthAED 257.34M70
Al Thanayah FourthAED 218.17M45
Al TtayAED 200.00M6

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
Business Bay310-65.6%
Al Hebiah Third85-65.3%
Al Hebiah Fourth149-60.7%
Al Hebiah Fifth70-53.3%
Al Barsha South Fourth188-50.4%
Madinat Al Mataar58-48.2%
Al Thanyah Fifth201-46.8%
Me'Aisem First71-45.4%
Burj Khalifa177-41.4%
Jabal Ali First62-39.2%

The largest sales of July 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
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified6,223,860 sqftAED 50/sqftAED 311,193,459
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified5,707,118 sqftAED 50/sqftAED 285,356,309
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified4,521,035 sqftAED 50/sqftAED 226,052,078
21 Jul 2014Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified847,963 sqftAED 256/sqftAED 216,791,667
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified3,778,334 sqftAED 50/sqftAED 188,916,948
21 Jul 2014Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified2,354,572 sqftAED 75/sqftAED 176,458,333
23 Jul 2014Al Yelayiss 2—TOWN SQUARELandExisting PropertiesNot specified3,528,462 sqftAED 50/sqftAED 176,423,345
8 Jul 2014Business Bay—LandExisting PropertiesNot specified18,418 sqftAED 9,502/sqftAED 175,000,000
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified2,986,484 sqftAED 50/sqftAED 149,324,389
17 Jul 2014Al Safouh Second—Site ABuildingExisting PropertiesNot specified60,354 sqftAED 2,112/sqftAED 127,476,261

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.