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Monthly report

Dubai property market — November 2014

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

Sales4,484Registered in November 2014up8% vs a year earlier
Total valueAED 11.69BRegistered in November 2014Across 89 communities
Price per sqftAED 1,036/sqftMedian across November 2014up12% vs a year earlier
Sale priceAED 1.30MMedian across November 201426% sold off-plan

In a sentence

The Land Department registered 4,484 property sales in November 2014, worth AED 11.69B in total, across 89 communities. That is 8% more than the same month a year earlier.

The median sale was AED 1,303,737 at AED 1,036/sqft, 12% above the same month last year. 26% of sales were off-plan.

Business Bay was the busiest community with 426 registered sales, while Burj Khalifa took the most money at AED 1.23B.

Against the previous month, Al Hebiah Third rose 70% to 226 sales, while Nad Al Shiba First fell 64% 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 November 2014, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay426+28.7%AED 780.40MAED 1.35MAED 1,624/sqft25%
Marsa Dubai363+59.9%AED 809.11MAED 1.66MAED 1,546/sqft24%
Al Thanyah Fifth361+53.0%AED 778.60MAED 1.46MAED 1,007/sqft5%
Burj Khalifa285-48.3%AED 1.23BAED 3.28MAED 2,237/sqft64%
Nadd Hessa275+25.6%AED 233.71MAED 586KAED 867/sqft0%
Al Hebiah Fourth234+30.0%AED 206.10MAED 753KAED 929/sqft38%
Al Warsan First233+57.4%AED 156.64MAED 425KAED 759/sqft0%
Al Hebiah Third226+69.9%AED 453.61MAED 2.14MAED 1,300/sqft54%
Jabal Ali First176-9.7%AED 273.29MAED 1.07MAED 833/sqft15%
Al Barsha South Fourth175+4.2%AED 449.12MAED 925KAED 778/sqft15%
Hadaeq Sheikh Mohammed Bin Rashid167+2683.3%AED 296.89MAED 1.72MAED 1,259/sqft100%
Mirdif136+63.9%AED 228.39MAED 950KAED 626/sqft0%
Palm Jumeirah135+46.7%AED 879.47MAED 3.20MAED 1,717/sqft26%
Wadi Al Safa 2123+64.0%AED 88.96MAED 620KAED 702/sqft3%
Al Yufrah 299+19.3%AED 217.75MAED 1.81MAED 877/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 1.23B285
Wadi Al Safa 3AED 1.09B22
Palm JumeirahAED 879.47M135
Marsa DubaiAED 809.11M363
Business BayAED 780.40M426
Al Thanyah FifthAED 778.60M361
Al Hebiah ThirdAED 453.61M226
Al Barsha South FourthAED 449.12M175
Wadi Al Safa 7AED 412.57M81
Hadaeq Sheikh Mohammed Bin RashidAED 296.89M167

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 Third226+69.9%
Wadi Al Safa 2123+64.0%
Mirdif136+63.9%
Nad Al Shiba First51-63.8%
Marsa Dubai363+59.9%
Al Warsan First233+57.4%
Al Thanyah Fifth361+53.0%
Burj Khalifa285-48.3%
Palm Jumeirah135+46.7%
Wadi Al Safa 781-36.2%

The largest sales of November 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
17 Nov 2014Wadi Al Safa 3THE FIELDS AT D11 - MBRMCMohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified4,624,320 sqftAED 230/sqftAED 1,063,594,520
5 Nov 2014Al Karama—BuildingExisting PropertiesNot specified21,347 sqftAED 5,856/sqftAED 125,000,000
19 Nov 2014Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified1,015,595 sqftAED 100/sqftAED 101,505,000
3 Nov 2014Marsa DubaiTFG ONE HOTELDubai MarinaBuildingExisting PropertiesNot specified45,048 sqftAED 2,087/sqftAED 94,000,000
10 Nov 2014Al Goze Industrial Second—BuildingExisting PropertiesNot specified103,251 sqftAED 900/sqftAED 92,925,000
3 Nov 2014Trade Center First—BuildingExisting PropertiesNot specified25,000 sqftAED 3,000/sqftAED 75,000,000
3 Nov 2014Burj KhalifaBD BOULEVARD PLAZADownTown DubaiOfficeExisting PropertiesOffice12,559 sqftAED 5,223/sqftAED 65,598,888
5 Nov 2014Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified510,695 sqftAED 128/sqftAED 65,535,930
3 Nov 2014Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified1,393,343 sqftAED 44/sqftAED 60,609,550
27 Nov 2014Al Barsha South FourthCello ResidencesJumeirah Village CircleLandExisting PropertiesNot specified72,601 sqftAED 780/sqftAED 56,629,040

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.