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Monthly report

Dubai property market — May 2015

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

Sales3,486Registered in May 2015down22.3% vs a year earlier
Total valueAED 9.66BRegistered in May 2015Across 98 communities
Price per sqftAED 942/sqftMedian across May 2015down5% vs a year earlier
Sale priceAED 1.42MMedian across May 201529% sold off-plan

In a sentence

The Land Department registered 3,486 property sales in May 2015, worth AED 9.66B in total, across 98 communities. That is 22% fewer than the same month a year earlier.

The median sale was AED 1,417,443 at AED 942/sqft, 5% below the same month last year. 29% of sales were off-plan.

Al Hebiah Fourth was the busiest community with 322 registered sales, while Palm Jumeirah took the most money at AED 725.38M.

Against the previous month, Al Hebiah Fourth rose 166% to 322 sales, while Al Hebiah Third fell 35% to 98.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Hebiah Fourth322+166.1%AED 309.37MAED 887KAED 955/sqft61%
Marsa Dubai297+8.4%AED 543.68MAED 1.47MAED 1,481/sqft53%
Al Warsan First212+15.2%AED 107.68MAED 425KAED 702/sqft2%
Al Thanyah Fifth193+14.9%AED 330.13MAED 1.15MAED 1,086/sqft4%
Business Bay183+14.4%AED 379.25MAED 1.38MAED 1,365/sqft39%
Burj Khalifa166+18.6%AED 572.50MAED 2.80MAED 2,079/sqft59%
Al Barsha South Fourth153-7.8%AED 313.23MAED 794KAED 857/sqft42%
Al Yufrah 2140+164.2%AED 286.90MAED 1.84MAED 860/sqft0%
Jabal Ali First123-24.1%AED 209.56MAED 1.00MAED 733/sqft16%
Al Yufrah 3117+143.8%AED 216.92MAED 1.60MAED 848/sqft0%
Nadd Hessa117+6.4%AED 130.87MAED 638KAED 792/sqft4%
Al Hebiah Third98-35.1%AED 249.26MAED 2.79MAED 838/sqft34%
Me'Aisem First92+80.4%AED 213.86MAED 965KAED 1,181/sqft39%
Al Thanyah Third89-4.3%AED 175.01MAED 1.71MAED 1,350/sqft29%
Palm Jumeirah89-21.2%AED 725.38MAED 2.90MAED 2,003/sqft38%

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
Palm JumeirahAED 725.38M89
Al MerkadhAED 620.36M49
Burj KhalifaAED 572.50M166
Marsa DubaiAED 543.68M297
Nad Al Shiba FirstAED 420.65M61
Business BayAED 379.25M183
Al Thanyah FifthAED 330.13M193
Port SaeedAED 321.05M7
Al Barsha South FourthAED 313.23M153
Al Hebiah FourthAED 309.37M322

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 Fourth322+166.1%
Al Yufrah 2140+164.2%
Me'Aisem First92+80.4%
Al Hebiah Third98-35.1%
Al Goze Fourth65-25.3%
Jabal Ali First123-24.1%
Palm Jumeirah89-21.2%
Burj Khalifa166+18.6%
Al Warsan First212+15.2%
Al Thanyah Fifth193+14.9%

The largest sales of May 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
20 May 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified189,792 sqftAED 1,839/sqftAED 349,000,000
5 May 2015Port Saeed—BuildingExisting PropertiesNot specified60,000 sqftAED 5,126/sqftAED 307,562,000
4 May 2015Al Nahda Second—BuildingExisting PropertiesNot specified47,671 sqftAED 3,335/sqftAED 159,000,000
26 May 2015Al Goze First—BuildingExisting PropertiesNot specified36,000 sqftAED 2,826/sqftAED 101,745,500
11 May 2015Al Nahda Second—BuildingExisting PropertiesNot specified18,000 sqftAED 4,667/sqftAED 84,000,000
28 May 2015Al Warqa First—BuildingExisting PropertiesNot specified29,000 sqftAED 2,241/sqftAED 65,000,000
20 May 2015Um Hurair Second—Dubai Health Care City Phase 1LandExisting PropertiesNot specified26,312 sqftAED 2,226/sqftAED 58,563,102
4 May 2015Me'Aisem First—International Media Production ZoneLandExisting PropertiesNot specified469,697 sqftAED 122/sqftAED 57,428,092
13 May 2015Bukadra—LandExisting PropertiesNot specified26,174 sqftAED 1,995/sqftAED 52,222,000
25 May 2015Palm DeiraVilla del Garda ResidencesPalm DeiraLandExisting PropertiesNot specified80,752 sqftAED 583/sqftAED 47,100,000

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.