← All reports

Quarterly report

Dubai property market — Q2 2014

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2014. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales15,260Registered in Q2 2014down9.4% vs a year earlier
Total valueAED 37.97BRegistered in Q2 2014Across 122 communities
Price per sqftAED 1,037/sqftMedian across Q2 2014up17.6% vs a year earlier
Sale priceAED 1.35MMedian across Q2 201426% sold off-plan

In a sentence

The Land Department registered 15,260 property sales in Q2 2014, worth AED 37.97B in total, across 122 communities. That is 9% fewer than the same quarter a year earlier.

The median sale was AED 1,350,000 at AED 1,037/sqft, 17.6% above the same quarter last year. 26% of sales were off-plan.

Business Bay was the busiest community with 1,960 registered sales, while Marsa Dubai took the most money at AED 4.09B.

Against the previous quarter, Al Barshaa South Third rose 181% to 177 sales, while Al Thanyah First fell 57% to 56.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2014, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,960+6.7%AED 3.90BAED 1.47MAED 1,518/sqft42%
Marsa Dubai1,490-1.5%AED 4.09BAED 1.99MAED 1,658/sqft16%
Al Thanyah Fifth1,206-18.0%AED 2.36BAED 1.33MAED 980/sqft9%
Burj Khalifa1,178-22.6%AED 4.08BAED 2.63MAED 2,312/sqft40%
Al Barsha South Fourth1,095-7.0%AED 2.20BAED 884KAED 835/sqft32%
Al Hebiah Fourth940-6.3%AED 842.86MAED 633KAED 929/sqft23%
Al Warsan First761-13.8%AED 567.61MAED 465KAED 760/sqft4%
Al Hebiah Third748+28.1%AED 1.87BAED 2.35MAED 975/sqft39%
Jabal Ali First437+37.4%AED 796.09MAED 1.46MAED 608/sqft2%
Me'Aisem First437+47.1%AED 576.69MAED 587KAED 998/sqft62%
Nadd Hessa437+31.2%AED 508.98MAED 624KAED 814/sqft8%
Palm Jumeirah389-20.4%AED 2.03BAED 3.06MAED 1,822/sqft22%
Dubai Investment Park First372+124.1%AED 656.09MAED 775KAED 564/sqft49%
Wadi Al Safa 7361+167.4%AED 1.51BAED 4.00MAED 789/sqft0%
Al Hebiah Fifth352-36.7%AED 303.07MAED 810KAED 871/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
Marsa DubaiAED 4.09B1,490
Burj KhalifaAED 4.08B1,178
Business BayAED 3.90B1,960
Al Thanyah FifthAED 2.36B1,206
Al Barsha South FourthAED 2.20B1,095
Palm JumeirahAED 2.03B389
Al Hebiah ThirdAED 1.87B748
Wadi Al Safa 7AED 1.51B361
Trade Center SecondAED 914.60M13
Al Hebiah FourthAED 842.86M940

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Barshaa South Third177+181.0%
Wadi Al Safa 7361+167.4%
Dubai Investment Park First372+124.1%
Al Thanyah First56-57.3%
Wadi Al Safa 5250+52.4%
Me'Aisem First437+47.1%
Wadi Al Safa 3113+41.3%
Jabal Ali First437+37.4%
Al Hebiah First184-37.0%
Al Hebiah Fifth352-36.7%

The largest sales of Q2 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
3 Apr 2014Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 19,000/sqftAED 475,000,000
26 May 2014Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified39,289 sqftAED 10,268/sqftAED 403,426,000
9 Jun 2014Trade Center Second—BuildingExisting PropertiesNot specified11,800 sqftAED 33,898/sqftAED 400,000,000
7 Apr 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified59,999 sqftAED 3,333/sqftAED 200,000,000
21 Apr 2014Marsa Dubai—TECOM Site DLandExisting PropertiesNot specified110,744 sqftAED 1,611/sqftAED 178,360,000
28 May 2014Business BayEnara By OmniyatBusiness BayLandExisting PropertiesNot specified93,785 sqftAED 1,898/sqftAED 178,000,000
23 Jun 2014Madinat Dubai Almelaheyah—BuildingExisting PropertiesNot specified28,400 sqftAED 5,458/sqftAED 155,000,000
25 Jun 2014Business BayPARAMOUNT TOWER HOTEL & RESIDENCESBuildingExisting PropertiesNot specified23,382 sqftAED 5,988/sqftAED 140,000,000
24 Apr 2014Port Saeed—BuildingExisting PropertiesNot specified21,212 sqftAED 5,893/sqftAED 125,000,000
4 Jun 2014Al Karama—BuildingExisting PropertiesNot specified39,600 sqftAED 2,904/sqftAED 115,000,000

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.