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Monthly report

Dubai property market — September 2015

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

Sales3,815Registered in September 2015down8.5% vs a year earlier
Total valueAED 11.67BRegistered in September 2015Across 97 communities
Price per sqftAED 887/sqftMedian across September 2015down2.9% vs a year earlier
Sale priceAED 1.34MMedian across September 201528% sold off-plan

In a sentence

The Land Department registered 3,815 property sales in September 2015, worth AED 11.67B in total, across 97 communities. That is 8% fewer than the same month a year earlier.

The median sale was AED 1,342,046 at AED 887/sqft, 2.9% below the same month last year. 28% of sales were off-plan.

Marsa Dubai was the busiest community with 286 registered sales, and also took the most money at AED 1.38B.

Against the previous month, Jabal Ali First rose 118% to 170 sales, while Burj Khalifa fell 39% to 131.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai286+75.5%AED 1.38BAED 1.49MAED 1,436/sqft40%
Al Thanyah Fifth233-0.4%AED 421.15MAED 1.13MAED 912/sqft10%
Al Hebiah Fourth230+21.1%AED 203.54MAED 774KAED 951/sqft43%
Al Warsan First224+25.8%AED 205.70MAED 508KAED 789/sqft2%
Al Hebiah Third223+58.2%AED 384.90MAED 1.67MAED 784/sqft21%
Business Bay206+5.1%AED 465.38MAED 1.39MAED 1,327/sqft45%
Nadd Hessa189-10.4%AED 158.11MAED 651KAED 805/sqft14%
Al Barsha South Fourth178-11.4%AED 429.53MAED 1.00MAED 947/sqft46%
Al Yelayiss 2171+1.8%AED 218.42MAED 1.25MAED 575/sqft100%
Jabal Ali First170+117.9%AED 528.15MAED 1.62MAED 552/sqft2%
Palm Jumeirah154+36.3%AED 744.34MAED 2.55MAED 2,012/sqft58%
Al Hebiah Fifth142+425.9%AED 126.93MAED 763KAED 780/sqft5%
Burj Khalifa131-39.1%AED 561.56MAED 2.20MAED 2,204/sqft31%
Al Yufrah 3122—AED 218.08MAED 1.63MAED 850/sqft0%
Al Goze Fourth110+54.9%AED 71.59MAED 590KAED 700/sqft99%

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 1.38B286
Island 2AED 781.83M25
Palm JumeirahAED 744.34M154
Burj KhalifaAED 561.56M131
Jabal Ali FirstAED 528.15M170
Al MerkadhAED 493.64M31
Business BayAED 465.38M206
Al Barsha South FourthAED 429.53M178
Al Thanyah FifthAED 421.15M233
Al Hebiah ThirdAED 384.90M223

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
Jabal Ali First170+117.9%
Marsa Dubai286+75.5%
Al Hebiah Third223+58.2%
Al Goze Fourth110+54.9%
Burj Khalifa131-39.1%
Palm Jumeirah154+36.3%
Al Thanyah Third81+26.6%
Al Warsan First224+25.8%
Al Hebiah Fourth230+21.1%
Zaabeel Second71+14.5%

The largest sales of September 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
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified667,254 sqftAED 432/sqftAED 287,933,151
1 Sept 2015AL QUSAIS—LandExisting PropertiesNot specified600,767 sqftAED 436/sqftAED 261,934,848
21 Sept 2015Al Murqabat—BuildingExisting PropertiesNot specified24,420 sqftAED 10,238/sqftAED 250,000,000
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified474,290 sqftAED 432/sqftAED 204,664,890
14 Sept 2015World Islands—The WorldLandExisting PropertiesNot specified1,045,647 sqftAED 195/sqftAED 204,382,931
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified466,938 sqftAED 432/sqftAED 201,492,355
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified365,036 sqftAED 432/sqftAED 157,519,604
2 Sept 2015Um Suqaim First—BuildingExisting PropertiesNot specified58,493 sqftAED 2,599/sqftAED 152,000,000
29 Sept 2015Saih Shuaib 2—LandExisting PropertiesNot specified275,422 sqftAED 397/sqftAED 109,380,364
1 Sept 2015Business BayAhad ResidencesBusiness BayBuildingExisting PropertiesNot specified52,993 sqftAED 1,887/sqftAED 100,000,000

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.