← All reports

Annual report

Dubai property market — 2015

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2015. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales42,795Registered in 2015down23.6% vs the year before
Total valueAED 119.89BRegistered in 2015Across 159 communities
Price per sqftAED 965/sqftMedian across 2015down3.4% vs the year before
Sale priceAED 1.33MMedian across 201532% sold off-plan

In a sentence

The Land Department registered 42,795 property sales in 2015, worth AED 119.89B in total, across 159 communities. That is 24% fewer than the year before.

The median sale was AED 1,331,888 at AED 965/sqft, 3.4% below the year before. 32% of sales were off-plan.

Business Bay was the busiest community with 3,144 registered sales, while Burj Khalifa took the most money at AED 9.78B.

Against the previous year, Al Goze Fourth rose 482% to 896 sales, while Madinat Al Mataar fell 87% to 70.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2015, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay3,144-50.5%AED 6.84BAED 1.30MAED 1,368/sqft31%
Marsa Dubai2,875-44.7%AED 7.46BAED 1.64MAED 1,502/sqft30%
Al Hebiah Fourth2,676-13.2%AED 2.64BAED 800KAED 968/sqft49%
Al Thanyah Fifth2,510-40.2%AED 4.70BAED 1.17MAED 963/sqft12%
Al Warsan First2,416-15.8%AED 1.84BAED 465KAED 734/sqft7%
Burj Khalifa2,192-50.0%AED 9.78BAED 2.75MAED 2,132/sqft55%
Al Barsha South Fourth2,130-39.0%AED 3.91BAED 819KAED 900/sqft33%
Al Hebiah Third2,052-19.7%AED 4.08BAED 1.67MAED 863/sqft42%
Al Yelayiss 21,766+17560.0%AED 1.95BAED 1.19MAED 630/sqft100%
Nadd Hessa1,732-13.7%AED 1.94BAED 635KAED 813/sqft20%
Jabal Ali First1,490-6.1%AED 3.09BAED 1.38MAED 738/sqft13%
Palm Jumeirah1,379-7.0%AED 7.27BAED 2.60MAED 1,818/sqft49%
Al Yufrah 21,103+231.2%AED 2.50BAED 1.73MAED 877/sqft0%
Al Thanyah Third1,094+2.5%AED 2.14BAED 1.62MAED 1,331/sqft17%
Wadi Al Safa 21,027+48.8%AED 1.07BAED 639KAED 715/sqft6%

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 9.78B2,192
Marsa DubaiAED 7.46B2,875
Palm JumeirahAED 7.27B1,379
Business BayAED 6.84B3,144
Al MerkadhAED 6.02B413
Al Thanyah FifthAED 4.70B2,510
Al Hebiah ThirdAED 4.08B2,052
Al Barsha South FourthAED 3.91B2,130
Jabal Ali FirstAED 3.09B1,490
Me'Aisem FirstAED 2.68B1,005

Biggest movers

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

CommunitySalesChange
Al Goze Fourth896+481.8%
Al Yufrah 21,103+231.2%
Madinat Al Mataar70-86.9%
Al Yelayiss 1424-73.1%
Al Hebiah Fifth534-71.3%
Al Safouh First93+63.2%
Dubai Investment Park Second262-61.9%
Dubai Investment Park First412-59.8%
Al Hebiah First305-58.4%
Wadi Al Safa 7330-58.3%

The largest sales of 2015

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
27 Aug 2015Nad Al Shiba FirstGRAND VIEWSMeydan Racecourse CommunityLandExisting PropertiesNot specified10,700,563 sqftAED 63/sqftAED 673,901,478
15 Dec 2015Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified65,857 sqftAED 9,774/sqftAED 643,680,000
9 Mar 2015Business Bay—Business BayBuildingExisting PropertiesNot specified50,587 sqftAED 10,169/sqftAED 514,423,077
2 Apr 2015Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,645 sqftAED 11,954/sqftAED 450,000,000
15 Jul 2015Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified106,054 sqftAED 3,630/sqftAED 385,000,000
20 May 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified189,792 sqftAED 1,839/sqftAED 349,000,000
19 Mar 2015Palm JumeirahSERENIA RESIDENCES THE PALMPalm JumeirahBuildingExisting PropertiesNot specified227,207 sqftAED 1,403/sqftAED 318,775,000
5 May 2015Port Saeed—BuildingExisting PropertiesNot specified60,000 sqftAED 5,126/sqftAED 307,562,000
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified667,254 sqftAED 432/sqftAED 287,933,151
1 Apr 2015Business BaySLS DUBAIBusiness BayBuildingExisting PropertiesNot specified60,104 sqftAED 4,770/sqftAED 286,720,000

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.