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Quarterly report

Dubai property market — Q4 2014

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2014. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales13,966Registered in Q4 2014down30.1% vs a year earlier
Total valueAED 34.93BRegistered in Q4 2014Across 125 communities
Price per sqftAED 1,019/sqftMedian across Q4 2014up12.3% vs a year earlier
Sale priceAED 1.46MMedian across Q4 201433% sold off-plan

In a sentence

The Land Department registered 13,966 property sales in Q4 2014, worth AED 34.93B in total, across 125 communities. That is 30% fewer than the same quarter a year earlier.

The median sale was AED 1,458,600 at AED 1,019/sqft, 12.3% above the same quarter last year. 33% of sales were off-plan.

Business Bay was the busiest community with 1,228 registered sales, while Burj Khalifa took the most money at AED 4.67B.

Against the previous quarter, Wadi Al Safa 7 rose 300% to 236 sales, while Al Hebiah Fifth fell 59% to 276.

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 Q4 2014, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,228-7.5%AED 2.26BAED 1.37MAED 1,521/sqft30%
Burj Khalifa1,120+98.6%AED 4.67BAED 3.26MAED 2,220/sqft72%
Marsa Dubai1,081-3.1%AED 2.29BAED 1.65MAED 1,594/sqft16%
Al Thanyah Fifth877+36.4%AED 1.90BAED 1.50MAED 930/sqft4%
Al Yelayiss 1766+56.6%AED 1.46BAED 1.87MAED 643/sqft100%
Al Warsan First752+58.3%AED 544.57MAED 480KAED 769/sqft0%
Nadd Hessa649+10.2%AED 571.04MAED 616KAED 863/sqft1%
Al Hebiah Fourth605+13.1%AED 700.04MAED 747KAED 915/sqft39%
Al Barsha South Fourth603-2.1%AED 1.47BAED 831KAED 810/sqft19%
Al Hebiah Third562-15.1%AED 1.07BAED 1.55MAED 1,283/sqft59%
Jabal Ali First520+67.2%AED 929.61MAED 1.25MAED 833/sqft18%
Hadaeq Sheikh Mohammed Bin Rashid415+5087.5%AED 765.09MAED 1.76MAED 1,272/sqft100%
Wadi Al Safa 2365+174.4%AED 250.75MAED 604KAED 710/sqft8%
Palm Jumeirah351+38.7%AED 2.29BAED 3.37MAED 1,735/sqft19%
Al Yufrah 2332+33100.0%AED 855.51MAED 1.76MAED 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 4.67B1,120
Palm JumeirahAED 2.29B351
Marsa DubaiAED 2.29B1,081
Business BayAED 2.26B1,228
Al Thanyah FifthAED 1.90B877
Al Barsha South FourthAED 1.47B603
Al Yelayiss 1AED 1.46B766
Wadi Al Safa 3AED 1.24B98
Al Hebiah ThirdAED 1.07B562
Wadi Al Safa 7AED 1.05B236

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
Wadi Al Safa 7236+300.0%
Nad Al Shiba First306+186.0%
Wadi Al Safa 2365+174.4%
Al Barsha South Fifth231+99.1%
Burj Khalifa1,120+98.6%
Jabal Ali First520+67.2%
Mirdif252+63.6%
Al Hebiah Fifth276-59.4%
Al Hebiah First75-58.8%
Al Warsan First752+58.3%

The largest sales of Q4 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
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
20 Oct 2014Al Safouh Second—Site ABuildingExisting PropertiesNot specified39,444 sqftAED 3,676/sqftAED 145,000,000
21 Oct 2014Burj Khalifa—Business BayLandExisting PropertiesNot specified45,000 sqftAED 3,060/sqftAED 137,703,000
8 Dec 2014Port Saeed—BuildingExisting PropertiesNot specified36,460 sqftAED 3,566/sqftAED 130,000,000
20 Oct 2014Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified33,845 sqftAED 3,790/sqftAED 128,280,000
1 Dec 2014Oud Metha—BuildingExisting PropertiesNot specified26,147 sqftAED 4,781/sqftAED 125,000,000
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

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.