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Monthly report

Dubai property market — August 2015

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

Sales3,321Registered in August 2015down17.4% vs a year earlier
Total valueAED 10.06BRegistered in August 2015Across 99 communities
Price per sqftAED 935/sqftMedian across August 2015down7.5% vs a year earlier
Sale priceAED 1.41MMedian across August 201531% sold off-plan

In a sentence

The Land Department registered 3,321 property sales in August 2015, worth AED 10.06B in total, across 99 communities. That is 17% fewer than the same month a year earlier.

The median sale was AED 1,410,888 at AED 935/sqft, 7.5% below the same month last year. 31% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 234 registered sales, while Al Merkadh took the most money at AED 1.13B.

Against the previous month, Nadd Hessa rose 109% to 211 sales, while Al Thanyah Third fell 17% to 64.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth234+51.0%AED 410.40MAED 1.09MAED 850/sqft15%
Burj Khalifa215+80.7%AED 818.66MAED 2.80MAED 2,146/sqft71%
Nadd Hessa211+108.9%AED 171.16MAED 660KAED 853/sqft18%
Al Barsha South Fourth201+73.3%AED 315.40MAED 1.00MAED 1,011/sqft55%
Business Bay196+60.7%AED 294.14MAED 1.34MAED 1,205/sqft42%
Al Hebiah Fourth190+57.0%AED 202.59MAED 875KAED 995/sqft38%
Al Warsan First178+20.3%AED 121.22MAED 450KAED 702/sqft1%
Al Yelayiss 2168—AED 208.38MAED 1.25MAED 580/sqft100%
Marsa Dubai163-12.4%AED 286.23MAED 1.54MAED 1,338/sqft6%
Al Hebiah Third141+314.7%AED 360.34MAED 1.85MAED 757/sqft10%
Palm Jumeirah113+25.6%AED 491.49MAED 2.60MAED 2,202/sqft68%
Wadi Al Safa 299+4.2%AED 84.89MAED 635KAED 720/sqft12%
Al Thanyah First96+134.1%AED 161.17MAED 1.65MAED 1,773/sqft1%
Me'Aisem First82+7.9%AED 514.44MAED 1.05MAED 1,010/sqft0%
Hadaeq Sheikh Mohammed Bin Rashid80+627.3%AED 380.90MAED 4.71MAED 426/sqft24%

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
Al MerkadhAED 1.13B74
Burj KhalifaAED 818.66M215
Nad Al Shiba FirstAED 700.90M8
Me'Aisem FirstAED 514.44M82
Palm JumeirahAED 491.49M113
Al Thanyah FifthAED 410.40M234
Hadaeq Sheikh Mohammed Bin RashidAED 380.90M80
Al Hebiah ThirdAED 360.34M141
Al Barsha South FourthAED 315.40M201
Business BayAED 294.14M196

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
Nadd Hessa211+108.9%
Burj Khalifa215+80.7%
Al Barsha South Fourth201+73.3%
Business Bay196+60.7%
Al Hebiah Fourth190+57.0%
Al Thanyah Fifth234+51.0%
Jabal Ali First78+32.2%
Al Merkadh74+32.1%
Palm Jumeirah113+25.6%
Al Warsan First178+20.3%

The largest sales of August 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
4 Aug 2015Jabal Ali Industrial SecondELEVE BY DEYAARDown Town Jabal AliLandExisting PropertiesNot specified63,696 sqftAED 2,624/sqftAED 167,107,400
31 Aug 2015Al Safouh Second—Site ABuildingExisting PropertiesNot specified44,244 sqftAED 2,409/sqftAED 106,585,500
31 Aug 2015Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified898,178 sqftAED 108/sqftAED 97,093,164
24 Aug 2015Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASLandExisting PropertiesNot specified34,961 sqftAED 2,630/sqftAED 91,952,320
3 Aug 2015Al Hebiah Third—DAMAC HILLSBuildingExisting PropertiesNot specified358,453 sqftAED 248/sqftAED 88,861,750
6 Aug 2015World Islands—The WorldLandExisting PropertiesNot specified419,794 sqftAED 162/sqftAED 67,982,613
11 Aug 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified61,050 sqftAED 1,077/sqftAED 65,757,000
17 Aug 2015Bukadra—LandExisting PropertiesNot specified28,990 sqftAED 2,000/sqftAED 57,980,000
19 Aug 2015Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified31,142 sqftAED 1,718/sqftAED 53,500,000

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.