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Monthly report

Dubai property market — November 2015

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

Sales4,984Registered in November 2015up11.2% vs a year earlier
Total valueAED 10.99BRegistered in November 2015Across 99 communities
Price per sqftAED 954/sqftMedian across November 2015down7.9% vs a year earlier
Sale priceAED 1.21MMedian across November 201558% sold off-plan

In a sentence

The Land Department registered 4,984 property sales in November 2015, worth AED 10.99B in total, across 99 communities. That is 11% more than the same month a year earlier.

The median sale was AED 1,208,515 at AED 954/sqft, 7.9% below the same month last year. 58% of sales were off-plan.

Al Yelayiss 2 was the busiest community with 568 registered sales, while Burj Khalifa took the most money at AED 871.22M.

Against the previous month, Al Hebiah Fourth rose 303% to 475 sales, while Al Thanyah Fifth fell 18% to 187.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Yelayiss 2568+200.5%AED 695.27MAED 1.24MAED 603/sqft100%
Al Hebiah Fourth475+302.5%AED 413.32MAED 670KAED 984/sqft78%
Al Hebiah Third312+33.3%AED 341.10MAED 643KAED 1,300/sqft87%
Marsa Dubai275+79.7%AED 582.10MAED 1.75MAED 1,671/sqft45%
Business Bay273+46.0%AED 484.36MAED 1.20MAED 1,400/sqft71%
Burj Khalifa263+150.5%AED 871.22MAED 2.40MAED 2,082/sqft72%
Al Warsan First246+89.2%AED 150.40MAED 470KAED 756/sqft22%
Al Barsha South Fourth224+52.4%AED 329.90MAED 721KAED 950/sqft56%
Palm Jumeirah211+28.7%AED 782.96MAED 1.80MAED 600/sqft76%
Nadd Hessa189+195.3%AED 143.14MAED 554KAED 798/sqft35%
Al Thanyah Fifth187-17.6%AED 343.44MAED 1.20MAED 1,002/sqft10%
Al Hebiah Second184+581.5%AED 208.95MAED 805KAED 1,044/sqft97%
Me'Aisem First162+131.4%AED 480.97MAED 750KAED 725/sqft12%
Al Goze Fourth146+25.9%AED 110.26MAED 749KAED 775/sqft100%
Hadaeq Sheikh Mohammed Bin Rashid124+1671.4%AED 291.38MAED 2.52MAED 1,197/sqft100%

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
Burj KhalifaAED 871.22M263
Palm JumeirahAED 782.96M211
Al Yelayiss 2AED 695.27M568
Marsa DubaiAED 582.10M275
Business BayAED 484.36M273
Me'Aisem FirstAED 480.97M162
Al Hebiah FourthAED 413.32M475
Nad Al HamarAED 403.91M29
Al Thanyah FifthAED 343.44M187
Al Hebiah ThirdAED 341.10M312

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 Fourth475+302.5%
Al Yelayiss 2568+200.5%
Nadd Hessa189+195.3%
Burj Khalifa263+150.5%
Me'Aisem First162+131.4%
Al Warsan First246+89.2%
Marsa Dubai275+79.7%
Al Barsha South Fourth224+52.4%
Business Bay273+46.0%
Al Hebiah Third312+33.3%

The largest sales of November 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
3 Nov 2015Al Murqabat—BuildingExisting PropertiesNot specified107,545 sqftAED 1,760/sqftAED 189,279,200
18 Nov 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified57,331 sqftAED 1,736/sqftAED 99,520,000
16 Nov 2015Al Nahda Second—BuildingExisting PropertiesNot specified29,144 sqftAED 3,363/sqftAED 98,000,000
18 Nov 2015Wadi Al Safa 5—The VillaBuildingExisting PropertiesNot specified484,586 sqftAED 150/sqftAED 72,687,075
2 Nov 2015Al Goze Industrial Third—BuildingExisting PropertiesNot specified179,100 sqftAED 391/sqftAED 70,000,000
24 Nov 2015Business BayELITE BUSINESS BAY RESIDENCEBusiness BayBuildingExisting PropertiesNot specified58,097 sqftAED 1,187/sqftAED 68,959,147
25 Nov 2015Al Nahda Second—BuildingExisting PropertiesNot specified20,704 sqftAED 2,995/sqftAED 62,000,000
25 Nov 2015Al Barsha First—BuildingExisting PropertiesNot specified12,640 sqftAED 4,446/sqftAED 56,200,000
23 Nov 2015Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASVillaExisting PropertiesNot specified16,921 sqftAED 2,766/sqftAED 46,803,885
19 Nov 2015Al Manara—BuildingExisting PropertiesNot specified14,738 sqftAED 2,925/sqftAED 43,108,650

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.