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Monthly report

Dubai property market — January 2015

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

Sales4,129Registered in January 2015down23.7% vs a year earlier
Total valueAED 10.67BRegistered in January 2015Across 93 communities
Price per sqftAED 1,021/sqftMedian across January 2015up16.8% vs a year earlier
Sale priceAED 1.51MMedian across January 201526% sold off-plan

In a sentence

The Land Department registered 4,129 property sales in January 2015, worth AED 10.67B in total, across 93 communities. That is 24% fewer than the same month a year earlier.

The median sale was AED 1,510,000 at AED 1,021/sqft, 16.8% above the same month last year. 26% of sales were off-plan.

Business Bay was the busiest community with 621 registered sales, while Burj Khalifa took the most money at AED 1.30B.

Against the previous month, Al Barsha South Fifth rose 96% to 98 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 65% to 85.

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 January 2015, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay621+31.8%AED 949.55MAED 1.37MAED 1,215/sqft9%
Al Yufrah 2288+92.0%AED 594.03MAED 1.81MAED 887/sqft0%
Al Hebiah Fourth275+44.0%AED 272.36MAED 827KAED 935/sqft53%
Marsa Dubai269-45.2%AED 703.86MAED 2.15MAED 2,042/sqft49%
Burj Khalifa263-7.4%AED 1.30BAED 3.13MAED 2,140/sqft69%
Al Warsan First236-36.4%AED 237.26MAED 540KAED 805/sqft5%
Al Thanyah Fifth228-18.6%AED 412.35MAED 1.24MAED 925/sqft7%
Al Barsha South Fourth224-13.8%AED 398.23MAED 646KAED 810/sqft14%
Al Hebiah Third175-13.8%AED 471.15MAED 2.79MAED 873/sqft24%
Wadi Al Safa 2133-20.4%AED 106.50MAED 638KAED 706/sqft3%
Nadd Hessa125-19.4%AED 96.23MAED 624KAED 761/sqft0%
Al Yelayiss 1123-62.6%AED 260.16MAED 2.14MAED 686/sqft100%
Al Barsha South Fifth98+96.0%AED 122.58MAED 1.08MAED 999/sqft3%
Jabal Ali First93-37.6%AED 142.65MAED 961KAED 784/sqft20%
Hadaeq Sheikh Mohammed Bin Rashid85-64.9%AED 156.74MAED 1.76MAED 1,274/sqft100%

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 1.30B263
Business BayAED 949.55M621
Marsa DubaiAED 703.86M269
Al Yufrah 2AED 594.03M288
Palm JumeirahAED 473.50M72
Al Hebiah ThirdAED 471.15M175
Dubai Investment Park FirstAED 442.27M42
Al Thanyah FifthAED 412.35M228
Al Barsha South FourthAED 398.23M224
Al Hebiah FourthAED 272.36M275

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
Al Barsha South Fifth98+96.0%
Al Yufrah 2288+92.0%
Hadaeq Sheikh Mohammed Bin Rashid85-64.9%
Al Yelayiss 1123-62.6%
Al Goze Fourth77-50.0%
Marsa Dubai269-45.2%
Al Hebiah Fourth275+44.0%
Palm Jumeirah72-41.9%
Al Barshaa South Second65-41.4%
Jabal Ali First93-37.6%

The largest sales of January 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
12 Jan 2015Al Thanyah First—Barsha HeightsLandExisting PropertiesNot specified67,570 sqftAED 2,886/sqftAED 195,000,000
28 Jan 2015Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified51,439 sqftAED 3,402/sqftAED 175,000,000
5 Jan 2015Al Mamzer—BuildingExisting PropertiesNot specified25,726 sqftAED 6,414/sqftAED 165,000,000
29 Jan 2015Dubai Investment Park FirstGREEN COMMUNITY WEST- EXTENSION- PHASE IIIDubai Investment Park FirstVillaExisting PropertiesNot specified1,482,554 sqftAED 95/sqftAED 140,791,585
26 Jan 2015Al Barsha First—LandExisting PropertiesNot specified35,053 sqftAED 2,500/sqftAED 87,633,225
5 Jan 2015Hessyan First—Dubai Water FrontLandExisting PropertiesNot specified173,385 sqftAED 453/sqftAED 78,620,815
5 Jan 2015Hessyan First—Dubai Water FrontLandExisting PropertiesNot specified173,385 sqftAED 449/sqftAED 77,881,258
14 Jan 2015Palm JumeirahVitalia by PinnaclePalm JumeirahLandExisting PropertiesNot specified55,457 sqftAED 1,180/sqftAED 65,426,000
12 Jan 2015Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified43,605 sqftAED 1,491/sqftAED 65,000,000
15 Jan 2015Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified52,037 sqftAED 1,161/sqftAED 60,393,150

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.