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Monthly report

Dubai property market — August 2014

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

Sales4,019Registered in August 2014up24.8% vs a year earlier
Total valueAED 8.92BRegistered in August 2014Across 83 communities
Price per sqftAED 1,011/sqftMedian across August 2014up9.2% vs a year earlier
Sale priceAED 1.19MMedian across August 201432% sold off-plan

In a sentence

The Land Department registered 4,019 property sales in August 2014, worth AED 8.92B in total, across 83 communities. That is 25% more than the same month a year earlier.

The median sale was AED 1,193,888 at AED 1,011/sqft, 9.2% above the same month last year. 32% of sales were off-plan.

Business Bay was the busiest community with 684 registered sales, and also took the most money at AED 1.15B.

Against the previous month, Al Hebiah Third rose 336% to 371 sales, while Al Hebiah First fell 43% to 59.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay684+120.6%AED 1.15BAED 1.43MAED 1,285/sqft29%
Marsa Dubai372+2.5%AED 806.54MAED 1.83MAED 1,814/sqft39%
Al Hebiah Third371+336.5%AED 683.90MAED 1.17MAED 1,402/sqft66%
Me'Aisem First257+262.0%AED 212.67MAED 448KAED 990/sqft89%
Al Barsha South Fourth217+15.4%AED 353.37MAED 767KAED 860/sqft24%
Burj Khalifa201+13.6%AED 784.47MAED 2.65MAED 2,404/sqft40%
Al Thanyah Fifth190-5.5%AED 346.95MAED 1.20MAED 810/sqft7%
Nadd Hessa180+36.4%AED 129.40MAED 619KAED 824/sqft2%
Al Hebiah Fifth165+135.7%AED 151.36MAED 840KAED 991/sqft0%
Al Hebiah Fourth163+9.4%AED 149.45MAED 687KAED 905/sqft28%
Al Warsan First138-11.0%AED 121.53MAED 460KAED 756/sqft0%
Jabal Ali First100+61.3%AED 280.62MAED 1.45MAED 820/sqft29%
Palm Jumeirah88+2.3%AED 493.82MAED 2.99MAED 1,759/sqft17%
Dubai Investment Park First77-42.5%AED 131.38MAED 795KAED 630/sqft53%
Al Yelayiss 172+132.3%AED 125.67MAED 1.71MAED 606/sqft100%

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 1.15B684
Marsa DubaiAED 806.54M372
Burj KhalifaAED 784.47M201
Al Hebiah ThirdAED 683.90M371
Palm JumeirahAED 493.82M88
Al Yufrah 2AED 376.97M1
Al Barsha South FourthAED 353.37M217
Al Thanyah FifthAED 346.95M190
Jabal Ali FirstAED 280.62M100
Nad Al Shiba FirstAED 265.14M58

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 Third371+336.5%
Me'Aisem First257+262.0%
Al Hebiah Fifth165+135.7%
Business Bay684+120.6%
Jabal Ali First100+61.3%
Al Hebiah First59-43.3%
Dubai Investment Park First77-42.5%
Nadd Hessa180+36.4%
Al Barsha South Fourth217+15.4%
Burj Khalifa201+13.6%

The largest sales of August 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
6 Aug 2014Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified11,169,411 sqftAED 34/sqftAED 376,967,985
18 Aug 2014Wadi Al Safa 5—VillaExisting PropertiesNot specified5,768,092 sqftAED 27/sqftAED 155,554,463
14 Aug 2014Palm JumeirahLUCEPalm JumeirahLandExisting PropertiesNot specified52,008 sqftAED 1,588/sqftAED 82,582,000
7 Aug 2014Naif—BuildingExisting PropertiesNot specified8,127 sqftAED 8,613/sqftAED 70,000,000
4 Aug 2014Al Mararr—BuildingExisting PropertiesNot specified7,213 sqftAED 9,095/sqftAED 65,600,000
12 Aug 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified24,637 sqftAED 2,638/sqftAED 65,000,000
4 Aug 2014BukadraBELMORE RESIDENCESLandExisting PropertiesNot specified30,516 sqftAED 2,000/sqftAED 61,030,000
20 Aug 2014Al Mararr—BuildingExisting PropertiesNot specified10,980 sqftAED 5,465/sqftAED 60,000,000
18 Aug 2014Burj KhalifaSOL BAYBusiness BayLandExisting PropertiesNot specified56,492 sqftAED 1,062/sqftAED 60,000,000
19 Aug 2014Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified39,448 sqftAED 1,293/sqftAED 51,000,000

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.