← All reports

Monthly report

Dubai property market — October 2015

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

Sales2,911Registered in October 2015down32.6% vs a year earlier
Total valueAED 7.51BRegistered in October 2015Across 91 communities
Price per sqftAED 919/sqftMedian across October 2015down7% vs a year earlier
Sale priceAED 1.24MMedian across October 201534% sold off-plan

In a sentence

The Land Department registered 2,911 property sales in October 2015, worth AED 7.51B in total, across 91 communities. That is 33% fewer than the same month a year earlier.

The median sale was AED 1,236,888 at AED 919/sqft, 7% below the same month last year. 34% of sales were off-plan.

Al Hebiah Third was the busiest community with 234 registered sales, while Island 2 took the most money at AED 573.82M.

Against the previous month, Al Yelayiss 2 rose 11% to 189 sales, while Nadd Hessa fell 66% 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 October 2015, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Hebiah Third234+4.9%AED 427.87MAED 1.74MAED 757/sqft18%
Al Thanyah Fifth227-2.6%AED 377.66MAED 1.00MAED 841/sqft17%
Al Yelayiss 2189+10.5%AED 251.45MAED 1.28MAED 582/sqft100%
Business Bay187-9.2%AED 438.26MAED 1.17MAED 1,384/sqft53%
Palm Jumeirah164+6.5%AED 470.97MAED 2.15MAED 2,223/sqft72%
Marsa Dubai153-46.5%AED 268.30MAED 1.31MAED 1,371/sqft10%
Al Barsha South Fourth147-17.4%AED 245.15MAED 833KAED 906/sqft37%
Al Warsan First130-42.0%AED 69.61MAED 468KAED 752/sqft2%
Al Hebiah Fourth118-48.7%AED 112.20MAED 764KAED 947/sqft51%
Jabal Ali First117-31.2%AED 210.58MAED 1.29MAED 746/sqft20%
Al Barshaa South Third116+197.4%AED 75.03MAED 617KAED 1,000/sqft0%
Al Goze Fourth116+5.5%AED 83.20MAED 754KAED 758/sqft100%
Burj Khalifa105-19.8%AED 330.22MAED 2.17MAED 1,902/sqft26%
Wadi Al Safa 2102+4.1%AED 83.70MAED 571KAED 677/sqft2%
Me'Aisem First70-15.7%AED 188.24MAED 728KAED 1,042/sqft9%

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
Island 2AED 573.82M18
Palm JumeirahAED 470.97M164
Business BayAED 438.26M187
Al Hebiah ThirdAED 427.87M234
Al Thanyah FifthAED 377.66M227
Al MerkadhAED 342.59M21
Burj KhalifaAED 330.22M105
Marsa DubaiAED 268.30M153
Al Yelayiss 2AED 251.45M189
Al Barsha South FourthAED 245.15M147

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 Hessa64-66.1%
Al Hebiah Fourth118-48.7%
Marsa Dubai153-46.5%
Al Warsan First130-42.0%
Jabal Ali First117-31.2%
Al Thanyah Third58-28.4%
Burj Khalifa105-19.8%
Al Barsha South Fourth147-17.4%
Me'Aisem First70-15.7%
Al Yelayiss 2189+10.5%

The largest sales of October 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
8 Oct 2015World IslandsJAL AASHWAThe WorldLandExisting PropertiesNot specified812,450 sqftAED 144/sqftAED 116,645,935
29 Oct 2015Al Murqabat—BuildingExisting PropertiesNot specified14,737 sqftAED 7,464/sqftAED 110,000,000
28 Oct 2015Al Murqabat—BuildingExisting PropertiesNot specified12,717 sqftAED 8,099/sqftAED 103,000,000
29 Oct 2015Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified28,280 sqftAED 3,271/sqftAED 92,500,000
29 Oct 2015Business BayVERA TOWERBusiness BayBuildingExisting PropertiesNot specified66,794 sqftAED 1,350/sqftAED 90,193,905
29 Oct 2015Business BayREVA RESIDENCESBusiness BayBuildingExisting PropertiesNot specified66,606 sqftAED 1,350/sqftAED 89,936,406
12 Oct 2015Al Bada—VillaExisting PropertiesNot specified104,035 sqftAED 673/sqftAED 70,000,000
8 Oct 2015World IslandsTHE ISLAND OF IRELANDThe WorldLandExisting PropertiesNot specified283,511 sqftAED 214/sqftAED 60,546,053
19 Oct 2015Al Dhagaya—BuildingExisting PropertiesNot specified4,798 sqftAED 12,505/sqftAED 60,000,000
1 Oct 2015World Islands—The WorldLandExisting PropertiesNot specified513,552 sqftAED 115/sqftAED 59,165,581

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.