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Quarterly report

Dubai property market — Q3 2014

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2014. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,262Registered in Q3 2014down24% vs a year earlier
Total valueAED 30.03BRegistered in Q3 2014Across 117 communities
Price per sqftAED 990/sqftMedian across Q3 2014up11.4% vs a year earlier
Sale priceAED 1.20MMedian across Q3 201429% sold off-plan

In a sentence

The Land Department registered 11,262 property sales in Q3 2014, worth AED 30.03B in total, across 117 communities. That is 24% fewer than the same quarter a year earlier.

The median sale was AED 1,200,000 at AED 990/sqft, 11.4% above the same quarter last year. 29% of sales were off-plan.

Business Bay was the busiest community with 1,327 registered sales, and also took the most money at AED 2.49B.

Against the previous quarter, Al Yelayiss 1 rose 276% to 489 sales, while Wadi Al Safa 7 fell 84% to 59.

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 Q3 2014, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,327-32.3%AED 2.49BAED 1.45MAED 1,332/sqft23%
Marsa Dubai1,116-25.1%AED 2.44BAED 1.79MAED 1,761/sqft42%
Al Hebiah Fifth679+92.9%AED 607.83MAED 491KAED 37/sqft0%
Al Hebiah Third662-11.5%AED 1.13BAED 1.04MAED 1,417/sqft70%
Al Thanyah Fifth643-46.7%AED 1.32BAED 1.37MAED 1,060/sqft4%
Al Barsha South Fourth616-43.7%AED 1.44BAED 778KAED 856/sqft25%
Nadd Hessa589+34.8%AED 474.27MAED 603KAED 810/sqft3%
Burj Khalifa564-52.1%AED 2.16BAED 2.63MAED 2,355/sqft34%
Al Hebiah Fourth535-43.1%AED 496.85MAED 680KAED 915/sqft38%
Al Yelayiss 1489+276.2%AED 942.45MAED 1.92MAED 640/sqft100%
Al Warsan First475-37.6%AED 332.06MAED 430KAED 774/sqft1%
Me'Aisem First407-6.9%AED 457.26MAED 504KAED 992/sqft79%
Jabal Ali First311-28.8%AED 770.23MAED 1.46MAED 754/sqft18%
Dubai Investment Park First281-24.5%AED 395.28MAED 757KAED 670/sqft53%
Palm Jumeirah253-35.0%AED 1.74BAED 3.19MAED 1,841/sqft17%

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 2.49B1,327
Marsa DubaiAED 2.44B1,116
Burj KhalifaAED 2.16B564
Palm JumeirahAED 1.74B253
Al Yelayiss 2AED 1.59B10
Al Thanyah FirstAED 1.45B69
Al Barsha South FourthAED 1.44B616
Al Thanyah FifthAED 1.32B643
Al Hebiah ThirdAED 1.13B662
Al Yelayiss 1AED 942.45M489

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 Yelayiss 1489+276.2%
Al Hebiah Fifth679+92.9%
Wadi Al Safa 759-83.7%
Burj Khalifa564-52.1%
Madinat Al Mataar130-51.9%
Al Thanyah Fifth643-46.7%
Al Barsha South Fourth616-43.7%
Al Hebiah Fourth535-43.1%
Wadi Al Safa 5144-42.4%
Dubai Investment Park Second115-41.3%

The largest sales of Q3 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
6 Aug 2014Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified11,169,411 sqftAED 34/sqftAED 376,967,985
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified6,223,860 sqftAED 50/sqftAED 311,193,459
10 Sept 2014Al Safouh Second—Site ABuildingExisting PropertiesNot specified54,883 sqftAED 5,466/sqftAED 300,000,000
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified5,707,118 sqftAED 50/sqftAED 285,356,309
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified4,521,035 sqftAED 50/sqftAED 226,052,078
21 Jul 2014Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified847,963 sqftAED 256/sqftAED 216,791,667
23 Jul 2014Al Yelayiss 2—LandExisting PropertiesNot specified3,778,334 sqftAED 50/sqftAED 188,916,948
21 Jul 2014Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified2,354,572 sqftAED 75/sqftAED 176,458,333
23 Jul 2014Al Yelayiss 2—TOWN SQUARELandExisting PropertiesNot specified3,528,462 sqftAED 50/sqftAED 176,423,345

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.