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Quarterly report

Dubai property market — Q1 2015

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2015. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,248Registered in Q1 2015down27.4% vs a year earlier
Total valueAED 30.02BRegistered in Q1 2015Across 121 communities
Price per sqftAED 1,042/sqftMedian across Q1 2015up8.7% vs a year earlier
Sale priceAED 1.50MMedian across Q1 201526% sold off-plan

In a sentence

The Land Department registered 11,248 property sales in Q1 2015, worth AED 30.02B in total, across 121 communities. That is 27% fewer than the same quarter a year earlier.

The median sale was AED 1,498,000 at AED 1,042/sqft, 8.7% above the same quarter last year. 26% of sales were off-plan.

Business Bay was the busiest community with 1,366 registered sales, while Burj Khalifa took the most money at AED 2.91B.

Against the previous quarter, Al Barshaa South Third rose 176% to 257 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 78% to 90.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2015, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,366+11.2%AED 2.67BAED 1.31MAED 1,559/sqft13%
Marsa Dubai779-27.9%AED 1.83BAED 1.88MAED 1,793/sqft32%
Burj Khalifa657-41.3%AED 2.91BAED 2.99MAED 2,175/sqft62%
Al Warsan First631-16.1%AED 598.70MAED 500KAED 756/sqft9%
Al Thanyah Fifth629-28.3%AED 1.13BAED 1.20MAED 1,037/sqft9%
Al Barsha South Fourth608+0.8%AED 995.61MAED 719KAED 845/sqft18%
Al Yufrah 2591+78.0%AED 1.42BAED 1.81MAED 895/sqft0%
Al Hebiah Fourth513-15.2%AED 555.24MAED 802KAED 925/sqft49%
Al Hebiah Third488-13.2%AED 1.13BAED 2.69MAED 937/sqft39%
Al Khairan First388—AED 877.10MAED 2.04MAED 1,495/sqft100%
Al Thanyah Third357+95.1%AED 696.26MAED 1.75MAED 1,318/sqft13%
Wadi Al Safa 2356-2.5%AED 387.83MAED 619KAED 705/sqft3%
Jabal Ali First323-37.9%AED 645.54MAED 1.43MAED 745/sqft15%
Nadd Hessa289-55.5%AED 400.12MAED 650KAED 798/sqft1%
Al Barshaa South Third257+176.3%AED 267.85MAED 557KAED 1,022/sqft1%

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 2.91B657
Business BayAED 2.67B1,366
Marsa DubaiAED 1.83B779
Palm JumeirahAED 1.71B249
Al Yufrah 2AED 1.42B591
Al Hebiah ThirdAED 1.13B488
Al Thanyah FifthAED 1.13B629
Al Barsha South FourthAED 995.61M608
Al Khairan FirstAED 877.10M388
Al Thanyah ThirdAED 696.26M357

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Barshaa South Third257+176.3%
Al Thanyah Third357+95.1%
Hadaeq Sheikh Mohammed Bin Rashid90-78.3%
Al Yufrah 2591+78.0%
Nad Al Shiba First76-75.2%
Al Yelayiss 1210-72.6%
Wadi Al Safa 776-67.8%
Nadd Hessa289-55.5%
Mirdif115-54.4%
Al Barshaa South Second126-46.4%

The largest sales of Q1 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
9 Mar 2015Business Bay—Business BayBuildingExisting PropertiesNot specified50,587 sqftAED 10,169/sqftAED 514,423,077
19 Mar 2015Palm JumeirahSERENIA RESIDENCES THE PALMPalm JumeirahBuildingExisting PropertiesNot specified227,207 sqftAED 1,403/sqftAED 318,775,000
12 Jan 2015Al Thanyah First—Barsha HeightsLandExisting PropertiesNot specified67,570 sqftAED 2,886/sqftAED 195,000,000
5 Mar 2015Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified5,584,677 sqftAED 34/sqftAED 188,483,992
2 Mar 2015Al Thanyah First—TECOM Site CBuildingExisting PropertiesNot specified73,267 sqftAED 2,525/sqftAED 185,000,000
28 Jan 2015Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified51,439 sqftAED 3,402/sqftAED 175,000,000
11 Feb 2015Burj KhalifaCity Center ResidencesDownTown DubaiLandExisting PropertiesNot specified43,104 sqftAED 3,990/sqftAED 172,000,000
5 Jan 2015Al Mamzer—BuildingExisting PropertiesNot specified25,726 sqftAED 6,414/sqftAED 165,000,000
29 Jan 2015Dubai Investment Park FirstGREEN COMMUNITY WEST- EXTENSION- PHASE IIIDubai Investment Park FirstVillaExisting PropertiesNot specified1,482,554 sqftAED 95/sqftAED 140,791,585
4 Mar 2015Mirdif—BuildingExisting PropertiesNot specified82,778 sqftAED 1,691/sqftAED 140,000,000

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.