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Monthly report

Dubai property market — September 2014

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

Sales4,169Registered in September 2014down31.8% vs a year earlier
Total valueAED 11.20BRegistered in September 2014Across 91 communities
Price per sqftAED 913/sqftMedian across September 2014up7.8% vs a year earlier
Sale priceAED 1.25MMedian across September 201428% sold off-plan

In a sentence

The Land Department registered 4,169 property sales in September 2014, worth AED 11.20B in total, across 91 communities. That is 32% fewer than the same month a year earlier.

The median sale was AED 1,250,000 at AED 913/sqft, 7.8% above the same month last year. 28% of sales were off-plan.

Al Hebiah Fifth was the busiest community with 444 registered sales, while Al Thanyah First took the most money at AED 1.36B.

Against the previous month, Al Yelayiss 1 rose 436% to 386 sales, while Me'Aisem First fell 69% to 79.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Hebiah Fifth444+169.1%AED 199.13MAED 369KAED 29/sqft0%
Al Yelayiss 1386+436.1%AED 760.38MAED 1.96MAED 646/sqft100%
Marsa Dubai381+2.4%AED 995.07MAED 2.09MAED 1,960/sqft46%
Business Bay333-51.3%AED 553.96MAED 1.32MAED 1,378/sqft19%
Nadd Hessa277+53.9%AED 207.53MAED 576KAED 804/sqft0%
Al Thanyah Fifth252+32.6%AED 547.28MAED 1.50MAED 1,095/sqft2%
Al Hebiah Fourth223+36.8%AED 206.28MAED 630KAED 900/sqft44%
Al Barsha South Fourth211-2.8%AED 625.86MAED 775KAED 808/sqft21%
Al Hebiah Third206-44.5%AED 339.60MAED 968KAED 1,381/sqft70%
Burj Khalifa186-7.5%AED 755.07MAED 2.69MAED 2,333/sqft26%
Al Warsan First182+31.9%AED 112.48MAED 425KAED 780/sqft1%
Jabal Ali First149+49.0%AED 362.30MAED 1.58MAED 679/sqft17%
Me'Aisem First79-69.3%AED 146.69MAED 965KAED 1,333/sqft62%
Palm Jumeirah79-10.2%AED 412.69MAED 3.40MAED 1,808/sqft19%
Dubai Investment Park First70-9.1%AED 111.88MAED 1.10MAED 595/sqft24%

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 Thanyah FirstAED 1.36B53
Marsa DubaiAED 995.07M381
Al Yelayiss 1AED 760.38M386
Burj KhalifaAED 755.07M186
Al Barsha South FourthAED 625.86M211
Business BayAED 553.96M333
Al Thanyah FifthAED 547.28M252
Palm JumeirahAED 412.69M79
Jabal Ali FirstAED 362.30M149
Al Hebiah ThirdAED 339.60M206

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 Yelayiss 1386+436.1%
Al Hebiah Fifth444+169.1%
Me'Aisem First79-69.3%
Nadd Hessa277+53.9%
Business Bay333-51.3%
Jabal Ali First149+49.0%
Al Hebiah Third206-44.5%
Al Hebiah Fourth223+36.8%
Al Thanyah Fifth252+32.6%
Al Warsan First182+31.9%

The largest sales of September 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
11 Sept 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified74,345 sqftAED 12,778/sqftAED 950,000,000
10 Sept 2014Al Safouh Second—Site ABuildingExisting PropertiesNot specified54,883 sqftAED 5,466/sqftAED 300,000,000
24 Sept 2014Al Barsha First—BuildingExisting PropertiesNot specified27,652 sqftAED 6,057/sqftAED 167,500,000
11 Sept 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified30,184 sqftAED 5,301/sqftAED 160,000,000
25 Sept 2014Al Mamzer—LandExisting PropertiesNot specified240,000 sqftAED 650/sqftAED 156,000,003
30 Sept 2014Al Qusais Industrial First—BuildingExisting PropertiesNot specified156,750 sqftAED 800/sqftAED 125,400,000
24 Sept 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified24,637 sqftAED 4,262/sqftAED 105,000,000
8 Sept 2014Al Barsha First—BuildingExisting PropertiesNot specified8,462 sqftAED 10,636/sqftAED 90,000,000
8 Sept 2014Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified45,000 sqftAED 1,999/sqftAED 89,945,430
15 Sept 2014AL QUSAIS—BuildingExisting PropertiesNot specified16,000 sqftAED 5,000/sqftAED 80,000,000

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.