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Monthly report

Dubai property market — December 2014

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

Sales5,163Registered in December 2014down34.5% vs a year earlier
Total valueAED 12.44BRegistered in December 2014Across 94 communities
Price per sqftAED 1,034/sqftMedian across December 2014up18.3% vs a year earlier
Sale priceAED 1.44MMedian across December 201435% sold off-plan

In a sentence

The Land Department registered 5,163 property sales in December 2014, worth AED 12.44B in total, across 94 communities. That is 35% fewer than the same month a year earlier.

The median sale was AED 1,435,200 at AED 1,034/sqft, 18.3% above the same month last year. 35% of sales were off-plan.

Marsa Dubai was the busiest community with 491 registered sales, while Burj Khalifa took the most money at AED 1.16B.

Against the previous month, Nad Al Shiba First rose 124% to 114 sales, while Al Barsha South Fifth fell 47% to 50.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai491+35.3%AED 965.90MAED 1.57MAED 1,599/sqft10%
Business Bay471+10.6%AED 922.85MAED 1.38MAED 1,615/sqft42%
Al Warsan First371+59.2%AED 305.33MAED 515KAED 792/sqft0%
Al Yelayiss 1329+961.3%AED 652.59MAED 1.98MAED 657/sqft100%
Burj Khalifa284-0.4%AED 1.16BAED 3.06MAED 2,279/sqft61%
Al Thanyah Fifth280-22.4%AED 668.39MAED 1.65MAED 852/sqft3%
Al Barsha South Fourth260+48.6%AED 502.12MAED 734KAED 841/sqft21%
Hadaeq Sheikh Mohammed Bin Rashid242+44.9%AED 457.03MAED 1.77MAED 1,280/sqft100%
Al Hebiah Third203-10.2%AED 371.08MAED 1.29MAED 1,279/sqft67%
Al Hebiah Fourth191-18.4%AED 206.34MAED 729KAED 952/sqft38%
Wadi Al Safa 2167+35.8%AED 109.33MAED 613KAED 709/sqft4%
Nadd Hessa155-43.6%AED 175.14MAED 660KAED 882/sqft1%
Al Goze Fourth154—AED 143.56MAED 746KAED 743/sqft100%
Al Yufrah 2150+51.5%AED 477.64MAED 1.68MAED 882/sqft0%
Jabal Ali First149-15.3%AED 303.92MAED 1.31MAED 838/sqft14%

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 1.16B284
Marsa DubaiAED 965.90M491
Business BayAED 922.85M471
Palm JumeirahAED 817.87M124
Al Thanyah FifthAED 668.39M280
Al Yelayiss 1AED 652.59M329
Al Barsha South FourthAED 502.12M260
Al Yufrah 2AED 477.64M150
Hadaeq Sheikh Mohammed Bin RashidAED 457.03M242
Oud MethaAED 435.00M2

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
Nad Al Shiba First114+123.5%
Al Warsan First371+59.2%
Al Yufrah 2150+51.5%
Al Barsha South Fourth260+48.6%
Al Barsha South Fifth50-47.4%
Hadaeq Sheikh Mohammed Bin Rashid242+44.9%
Nadd Hessa155-43.6%
Wadi Al Safa 2167+35.8%
Marsa Dubai491+35.3%
Al Barshaa South Second111+24.7%

The largest sales of December 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
1 Dec 2014Oud Metha—BuildingExisting PropertiesNot specified61,999 sqftAED 5,000/sqftAED 310,000,000
9 Dec 2014Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified5,584,639 sqftAED 34/sqftAED 188,483,892
8 Dec 2014Port Saeed—BuildingExisting PropertiesNot specified36,460 sqftAED 3,566/sqftAED 130,000,000
1 Dec 2014Oud Metha—BuildingExisting PropertiesNot specified26,147 sqftAED 4,781/sqftAED 125,000,000
1 Dec 2014Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified305,695 sqftAED 300/sqftAED 91,708,450
1 Dec 2014Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified305,695 sqftAED 300/sqftAED 91,708,450
8 Dec 2014Al Buteen—BuildingExisting PropertiesNot specified5,010 sqftAED 15,968/sqftAED 80,000,000
22 Dec 2014Jabal Ali Industrial First—BuildingExisting PropertiesNot specified206,212 sqftAED 330/sqftAED 68,049,960
15 Dec 2014Um Al Sheif—LandExisting PropertiesNot specified29,574 sqftAED 2,300/sqftAED 68,020,200
1 Dec 2014Business Bay—Business BayBuildingExisting PropertiesNot specified55,427 sqftAED 1,173/sqftAED 65,000,000

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.