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Monthly report

Dubai property market — April 2015

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

Sales2,847Registered in April 2015down48.6% vs a year earlier
Total valueAED 9.89BRegistered in April 2015Across 84 communities
Price per sqftAED 1,000/sqftMedian across April 2015down2% vs a year earlier
Sale priceAED 1.50MMedian across April 201528% sold off-plan

In a sentence

The Land Department registered 2,847 property sales in April 2015, worth AED 9.89B in total, across 84 communities. That is 49% fewer than the same month a year earlier.

The median sale was AED 1,500,000 at AED 1,000/sqft, 2% below the same month last year. 28% of sales were off-plan.

Marsa Dubai was the busiest community with 274 registered sales, and also took the most money at AED 1.10B.

Against the previous month, Palm Jumeirah rose 69% to 113 sales, while Al Yufrah 2 fell 62% to 53.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai274+26.9%AED 1.10BAED 1.86MAED 1,753/sqft38%
Al Warsan First184+17.9%AED 149.70MAED 450KAED 716/sqft4%
Al Thanyah Fifth168-21.1%AED 380.96MAED 1.20MAED 1,134/sqft4%
Al Barsha South Fourth166-17.0%AED 328.61MAED 890KAED 888/sqft28%
Jabal Ali First162+55.8%AED 318.25MAED 1.28MAED 904/sqft38%
Business Bay160-50.3%AED 899.15MAED 1.25MAED 1,394/sqft32%
Al Hebiah Third151+1.3%AED 394.19MAED 2.67MAED 936/sqft40%
Burj Khalifa140-45.5%AED 526.14MAED 2.90MAED 2,255/sqft53%
Al Hebiah Fourth121-1.6%AED 111.39MAED 700KAED 997/sqft30%
Palm Jumeirah113+68.7%AED 610.91MAED 2.70MAED 1,646/sqft21%
Nadd Hessa110+31.0%AED 235.58MAED 610KAED 774/sqft2%
Al Thanyah Third93-60.9%AED 189.48MAED 1.47MAED 1,391/sqft6%
Al Goze Fourth87+155.9%AED 59.29MAED 553KAED 760/sqft100%
Wadi Al Safa 387+1640.0%AED 422.60MAED 3.72MAED 1,262/sqft97%
Nad Al Shiba First56+143.5%AED 192.01MAED 2.17MAED 1,306/sqft61%

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
Marsa DubaiAED 1.10B274
Business BayAED 899.15M160
Palm JumeirahAED 610.91M113
Burj KhalifaAED 526.14M140
Wadi Al Safa 3AED 422.60M87
Al Hebiah ThirdAED 394.19M151
Al Thanyah FifthAED 380.96M168
Al Thanyah FirstAED 339.04M23
Al Barsha South FourthAED 328.61M166
Al MerkadhAED 326.50M24

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
Palm Jumeirah113+68.7%
Al Yufrah 253-62.1%
Al Thanyah Third93-60.9%
Jabal Ali First162+55.8%
Business Bay160-50.3%
Burj Khalifa140-45.5%
Nadd Hessa110+31.0%
Marsa Dubai274+26.9%
Al Thanyah Fifth168-21.1%
Al Warsan First184+17.9%

The largest sales of April 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
2 Apr 2015Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,645 sqftAED 11,954/sqftAED 450,000,000
1 Apr 2015Business BaySLS DUBAIBusiness BayBuildingExisting PropertiesNot specified60,104 sqftAED 4,770/sqftAED 286,720,000
6 Apr 2015Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified37,150 sqftAED 7,591/sqftAED 282,000,000
22 Apr 2015Business BayPLATINUM TOWERBusiness BayBuildingExisting PropertiesNot specified112,496 sqftAED 2,222/sqftAED 250,000,000
1 Apr 2015Al Nahda First—BuildingExisting PropertiesNot specified31,255 sqftAED 6,079/sqftAED 190,000,000
15 Apr 2015Al Khabeesi—BuildingExisting PropertiesNot specified32,932 sqftAED 3,644/sqftAED 120,000,000
21 Apr 2015Al Mizhar First—BuildingExisting PropertiesNot specified682,153 sqftAED 136/sqftAED 92,934,772
6 Apr 2015Al Thanyah FifthThe ResidencesDMCC Master CommunityBuildingExisting PropertiesNot specified39,631 sqftAED 2,154/sqftAED 85,365,716
2 Apr 2015Al Barsha First—LandExisting PropertiesNot specified180,016 sqftAED 450/sqftAED 81,007,200
6 Apr 2015Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified57,389 sqftAED 1,405/sqftAED 80,613,000

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.