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Monthly report

Dubai property market — December 2015

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

Sales4,524Registered in December 2015down12.4% vs a year earlier
Total valueAED 12.09BRegistered in December 2015Across 104 communities
Price per sqftAED 897/sqftMedian across December 2015down13.3% vs a year earlier
Sale priceAED 1.11MMedian across December 201541% sold off-plan

In a sentence

The Land Department registered 4,524 property sales in December 2015, worth AED 12.09B in total, across 104 communities. That is 12% fewer than the same month a year earlier.

The median sale was AED 1,111,888 at AED 897/sqft, 13.3% below the same month last year. 41% of sales were off-plan.

Al Yelayiss 2 was the busiest community with 670 registered sales, while Burj Khalifa took the most money at AED 1.52B.

Against the previous month, Jabal Ali First rose 95% to 189 sales, while Al Hebiah Third fell 48% to 162.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Yelayiss 2670+18.0%AED 576.91MAED 810KAED 858/sqft100%
Al Hebiah Fourth391-17.7%AED 389.67MAED 880KAED 1,124/sqft31%
Al Thanyah Fifth243+29.9%AED 495.86MAED 1.10MAED 820/sqft24%
Marsa Dubai236-14.2%AED 430.86MAED 1.45MAED 1,257/sqft21%
Al Warsan First225-8.5%AED 172.77MAED 460KAED 743/sqft7%
Burj Khalifa213-19.0%AED 1.52BAED 2.28MAED 1,988/sqft58%
Business Bay195-28.6%AED 323.29MAED 1.35MAED 1,273/sqft52%
Jabal Ali First189+94.8%AED 404.01MAED 1.43MAED 226/sqft2%
Nadd Hessa1890.0%AED 149.26MAED 663KAED 853/sqft41%
Al Hebiah Third162-48.1%AED 364.50MAED 1.71MAED 823/sqft33%
Al Barsha South Fourth145-35.3%AED 407.40MAED 760KAED 850/sqft35%
Al Hebiah Second119-35.3%AED 145.03MAED 830KAED 1,099/sqft98%
Palm Jumeirah117-44.5%AED 593.97MAED 2.88MAED 2,174/sqft56%
Hadaeq Sheikh Mohammed Bin Rashid114-8.1%AED 485.77MAED 2.69MAED 1,009/sqft98%
Me'Aisem First114-29.6%AED 197.29MAED 855KAED 1,046/sqft25%

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 1.52B213
Palm JumeirahAED 593.97M117
Al Yelayiss 2AED 576.91M670
Al MerkadhAED 536.93M32
Al Thanyah FifthAED 495.86M243
Hadaeq Sheikh Mohammed Bin RashidAED 485.77M114
Marsa DubaiAED 430.86M236
Al Barsha South FourthAED 407.40M145
Jabal Ali FirstAED 404.01M189
Al Hebiah FourthAED 389.67M391

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 First189+94.8%
Al Yufrah 2103+63.5%
Al Hebiah Third162-48.1%
Palm Jumeirah117-44.5%
Al Hebiah Second119-35.3%
Al Barsha South Fourth145-35.3%
Al Thanyah Third98+30.7%
Al Thanyah Fifth243+29.9%
Me'Aisem First114-29.6%
Business Bay195-28.6%

The largest sales of December 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
15 Dec 2015Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified65,857 sqftAED 9,774/sqftAED 643,680,000
30 Dec 2015Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified62,443 sqftAED 3,651/sqftAED 228,000,000
10 Dec 2015Hadaeq Sheikh Mohammed Bin Rashid—DUBAI HILLSBuildingExisting PropertiesNot specified1,199,999 sqftAED 156/sqftAED 187,500,000
15 Dec 2015Saih Shuaib 2—LandExisting PropertiesNot specified1,327,742 sqftAED 133/sqftAED 176,248,590
10 Dec 2015World IslandsAMALI ISLANDThe WorldLandExisting PropertiesNot specified689,191 sqftAED 169/sqftAED 116,337,487
21 Dec 2015Al Barsha First—BuildingExisting PropertiesNot specified39,300 sqftAED 2,702/sqftAED 106,205,500
15 Dec 2015Nad Al Shiba First—Meydan Racecourse CommunityLandExisting PropertiesNot specified289,948 sqftAED 345/sqftAED 100,000,000
7 Dec 2015Al Barsha South FourthThe Orchard Place - Tower CJumeirah Village CircleLandExisting PropertiesNot specified28,014 sqftAED 3,330/sqftAED 93,286,000
23 Dec 2015Jabal Ali Industrial Third—Down Town Jabal AliLandExisting PropertiesNot specified66,282 sqftAED 1,368/sqftAED 90,695,305
15 Dec 2015Al Sabkha—BuildingExisting PropertiesNot specified4,180 sqftAED 21,531/sqftAED 90,000,000

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.