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Quarterly report

Dubai property market — Q2 2015

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2015. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,922Registered in Q2 2015down35% vs a year earlier
Total valueAED 29.97BRegistered in Q2 2015Across 127 communities
Price per sqftAED 978/sqftMedian across Q2 2015down5.7% vs a year earlier
Sale priceAED 1.42MMedian across Q2 201527% sold off-plan

In a sentence

The Land Department registered 9,922 property sales in Q2 2015, worth AED 29.97B in total, across 127 communities. That is 35% fewer than the same quarter a year earlier.

The median sale was AED 1,424,278 at AED 978/sqft, 5.7% below the same quarter last year. 27% of sales were off-plan.

Marsa Dubai was the busiest community with 797 registered sales, and also took the most money at AED 2.34B.

Against the previous quarter, Nad Al Shiba First rose 113% to 162 sales, while Al Khairan First fell 71% to 114.

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 Q2 2015, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai797+2.3%AED 2.34BAED 1.67MAED 1,528/sqft36%
Al Hebiah Fourth638+24.4%AED 635.03MAED 858KAED 956/sqft44%
Al Warsan First634+0.5%AED 442.51MAED 445KAED 720/sqft4%
Al Thanyah Fifth602-4.3%AED 1.22BAED 1.18MAED 1,050/sqft8%
Business Bay599-56.1%AED 1.66BAED 1.28MAED 1,309/sqft34%
Al Barsha South Fourth511-16.0%AED 1.00BAED 850KAED 879/sqft28%
Nadd Hessa500+73.0%AED 648.13MAED 640KAED 820/sqft23%
Burj Khalifa489-25.6%AED 1.88BAED 2.80MAED 2,180/sqft48%
Al Hebiah Third458-6.1%AED 960.93MAED 1.16MAED 1,156/sqft53%
Jabal Ali First457+41.5%AED 807.65MAED 1.28MAED 884/sqft19%
Al Thanyah Third284-20.4%AED 568.43MAED 1.50MAED 1,348/sqft18%
Palm Jumeirah281+12.9%AED 1.95BAED 2.85MAED 1,800/sqft25%
Al Yufrah 2238-59.7%AED 478.46MAED 1.75MAED 865/sqft0%
Me'Aisem First229+21.2%AED 638.34MAED 942KAED 972/sqft19%
Al Goze Fourth205+3.0%AED 157.77MAED 741KAED 760/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
Marsa DubaiAED 2.34B797
Palm JumeirahAED 1.95B281
Burj KhalifaAED 1.88B489
Al MerkadhAED 1.80B133
Business BayAED 1.66B599
Al Thanyah FifthAED 1.22B602
Al Barsha South FourthAED 1.00B511
Al Hebiah ThirdAED 960.93M458
Nad Al Shiba FirstAED 909.37M162
Jabal Ali FirstAED 807.65M457

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
Nad Al Shiba First162+113.2%
Al Hebiah First100+88.7%
Nadd Hessa500+73.0%
Al Khairan First114-70.6%
Al Barshaa South Third89-65.4%
Al Yelayiss 180-61.9%
Al Yufrah 2238-59.7%
Al Barsha South Fifth90-56.7%
Business Bay599-56.1%
Al Thanyah First109+53.5%

The largest sales of Q2 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
2 Apr 2015Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,645 sqftAED 11,954/sqftAED 450,000,000
20 May 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified189,792 sqftAED 1,839/sqftAED 349,000,000
5 May 2015Port Saeed—BuildingExisting PropertiesNot specified60,000 sqftAED 5,126/sqftAED 307,562,000
1 Apr 2015Business BaySLS DUBAIBusiness BayBuildingExisting PropertiesNot specified60,104 sqftAED 4,770/sqftAED 286,720,000
6 Apr 2015Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified37,150 sqftAED 7,591/sqftAED 282,000,000
22 Apr 2015Business BayPLATINUM TOWERBusiness BayBuildingExisting PropertiesNot specified112,496 sqftAED 2,222/sqftAED 250,000,000
1 Apr 2015Al Nahda First—BuildingExisting PropertiesNot specified31,255 sqftAED 6,079/sqftAED 190,000,000
29 Jun 2015Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified40,215 sqftAED 4,600/sqftAED 185,000,000
4 May 2015Al Nahda Second—BuildingExisting PropertiesNot specified47,671 sqftAED 3,335/sqftAED 159,000,000
4 Jun 2015Mankhool—BuildingExisting PropertiesNot specified31,187 sqftAED 3,963/sqftAED 123,600,000

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.