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Monthly report

Dubai property market — February 2015

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

Sales3,544Registered in February 2015down20.8% vs a year earlier
Total valueAED 8.61BRegistered in February 2015Across 94 communities
Price per sqftAED 1,031/sqftMedian across February 2015up6.3% vs a year earlier
Sale priceAED 1.37MMedian across February 201524% sold off-plan

In a sentence

The Land Department registered 3,544 property sales in February 2015, worth AED 8.61B in total, across 94 communities. That is 21% fewer than the same month a year earlier.

The median sale was AED 1,370,044 at AED 1,031/sqft, 6.3% above the same month last year. 24% of sales were off-plan.

Business Bay was the busiest community with 423 registered sales, and also took the most money at AED 636.62M.

Against the previous month, Palm Jumeirah rose 53% to 110 sales, while Al Hebiah Fourth fell 58% to 115.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay423-31.9%AED 636.62MAED 1.24MAED 1,653/sqft17%
Marsa Dubai294+9.3%AED 625.89MAED 1.65MAED 1,683/sqft29%
Al Warsan First239+1.3%AED 250.23MAED 550KAED 778/sqft9%
Al Thanyah Fifth188-17.5%AED 351.09MAED 1.20MAED 1,046/sqft20%
Al Barsha South Fourth184-17.9%AED 276.18MAED 708KAED 836/sqft13%
Al Barshaa South Third176+604.0%AED 138.60MAED 556KAED 1,033/sqft1%
Al Hebiah Third164-6.3%AED 381.60MAED 2.69MAED 903/sqft40%
Al Yufrah 2163-43.4%AED 342.28MAED 1.81MAED 895/sqft0%
Al Khairan First152—AED 320.84MAED 1.84MAED 1,503/sqft100%
Burj Khalifa137-47.9%AED 607.36MAED 2.75MAED 2,260/sqft47%
Jabal Ali First126+35.5%AED 244.92MAED 1.50MAED 579/sqft18%
Al Hebiah Fourth115-58.2%AED 138.75MAED 832KAED 860/sqft36%
Palm Jumeirah110+52.8%AED 540.95MAED 2.96MAED 1,668/sqft21%
Wadi Al Safa 2103-22.6%AED 188.81MAED 664KAED 716/sqft3%
Al Goze Fourth88+14.3%AED 65.72MAED 794KAED 748/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
Business BayAED 636.62M423
Marsa DubaiAED 625.89M294
Burj KhalifaAED 607.36M137
Palm JumeirahAED 540.95M110
Al Hebiah ThirdAED 381.60M164
Al Thanyah FifthAED 351.09M188
Al Yufrah 2AED 342.28M163
Al Khairan FirstAED 320.84M152
Al Barsha South FourthAED 276.18M184
Al Warsan FirstAED 250.23M239

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 Hebiah Fourth115-58.2%
Palm Jumeirah110+52.8%
Burj Khalifa137-47.9%
Al Yufrah 2163-43.4%
Al Barsha South Fifth61-37.8%
Nadd Hessa80-36.0%
Jabal Ali First126+35.5%
Business Bay423-31.9%
Wadi Al Safa 2103-22.6%
Al Barsha South Fourth184-17.9%

The largest sales of February 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
11 Feb 2015Burj KhalifaCity Center ResidencesDownTown DubaiLandExisting PropertiesNot specified43,104 sqftAED 3,990/sqftAED 172,000,000
12 Feb 2015Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified34,045 sqftAED 4,112/sqftAED 140,000,000
9 Feb 2015Al Nahda Second—BuildingExisting PropertiesNot specified37,000 sqftAED 3,243/sqftAED 120,000,000
23 Feb 2015Al Murqabat—LandExisting PropertiesNot specified44,211 sqftAED 2,550/sqftAED 112,738,050
5 Feb 2015Al Hamriya—BuildingExisting PropertiesNot specified52,577 sqftAED 1,941/sqftAED 102,050,000
23 Feb 2015Wadi Al Safa 2—Falcon CityLandExisting PropertiesNot specified387,300 sqftAED 253/sqftAED 97,800,000
24 Feb 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified56,448 sqftAED 1,512/sqftAED 85,363,000
11 Feb 2015Madinat Dubai AlmelaheyahTHE ANWA BY OMNIYATDubai Maritime CityBuildingExisting PropertiesNot specified40,000 sqftAED 2,032/sqftAED 81,277,080
9 Feb 2015Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified87,757 sqftAED 855/sqftAED 75,000,000
17 Feb 2015Al Barsha First—BuildingExisting PropertiesNot specified15,942 sqftAED 4,516/sqftAED 72,000,000

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.