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Quarterly report

Dubai property market — Q3 2015

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2015. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,206Registered in Q3 2015down18.3% vs a year earlier
Total valueAED 29.30BRegistered in Q3 2015Across 133 communities
Price per sqftAED 910/sqftMedian across Q3 2015down8.1% vs a year earlier
Sale priceAED 1.38MMedian across Q3 201527% sold off-plan

In a sentence

The Land Department registered 9,206 property sales in Q3 2015, worth AED 29.30B in total, across 133 communities. That is 18% fewer than the same quarter a year earlier.

The median sale was AED 1,376,150 at AED 910/sqft, 8.1% below the same quarter last year. 27% of sales were off-plan.

Marsa Dubai was the busiest community with 635 registered sales, while Al Merkadh took the most money at AED 2.60B.

Against the previous quarter, Al Hebiah Fifth rose 153% to 190 sales, while Al Yufrah 2 fell 64% to 85.

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 Q3 2015, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai635-20.3%AED 2.01BAED 1.50MAED 1,340/sqft20%
Al Thanyah Fifth622+3.3%AED 1.13BAED 1.12MAED 890/sqft14%
Al Warsan First550-13.2%AED 410.64MAED 460KAED 727/sqft2%
Al Hebiah Fourth541-15.2%AED 533.30MAED 800KAED 962/sqft41%
Business Bay524-12.5%AED 1.27BAED 1.32MAED 1,228/sqft41%
Nadd Hessa501+0.2%AED 456.69MAED 665KAED 810/sqft14%
Al Barsha South Fourth495-3.1%AED 928.07MAED 1.01MAED 954/sqft45%
Burj Khalifa465-4.9%AED 2.27BAED 2.41MAED 2,151/sqft47%
Al Hebiah Third398-13.1%AED 849.72MAED 1.74MAED 775/sqft17%
Palm Jumeirah357+27.0%AED 1.76BAED 2.60MAED 1,987/sqft60%
Al Yelayiss 2339—AED 426.80MAED 1.25MAED 577/sqft100%
Jabal Ali First307-32.8%AED 766.60MAED 1.46MAED 719/sqft2%
Wadi Al Safa 2292+70.8%AED 243.61MAED 666KAED 720/sqft7%
Me'Aisem First241+5.2%AED 802.54MAED 781KAED 958/sqft3%
Al Thanyah Third222-21.8%AED 399.21MAED 1.43MAED 1,309/sqft14%

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
Al MerkadhAED 2.60B161
Burj KhalifaAED 2.27B465
Marsa DubaiAED 2.01B635
Palm JumeirahAED 1.76B357
Business BayAED 1.27B524
Al Thanyah FifthAED 1.13B622
Island 2AED 1.06B33
Al Barsha South FourthAED 928.07M495
Al Hebiah ThirdAED 849.72M398
Nad Al Shiba FirstAED 822.95M29

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 Hebiah Fifth190+153.3%
Wadi Al Safa 2292+70.8%
Al Yufrah 285-64.3%
Al Thanyah First177+62.4%
Wadi Al Safa 358-56.4%
Dubai Investment Park First78-40.5%
Al Yufrah 3122-39.0%
Al Hebiah First66-34.0%
Jabal Ali First307-32.8%
Al Barshaa South Third64-28.1%

The largest sales of Q3 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
27 Aug 2015Nad Al Shiba FirstGRAND VIEWSMeydan Racecourse CommunityLandExisting PropertiesNot specified10,700,563 sqftAED 63/sqftAED 673,901,478
15 Jul 2015Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified106,054 sqftAED 3,630/sqftAED 385,000,000
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified667,254 sqftAED 432/sqftAED 287,933,151
1 Sept 2015AL QUSAIS—LandExisting PropertiesNot specified600,767 sqftAED 436/sqftAED 261,934,848
21 Sept 2015Al Murqabat—BuildingExisting PropertiesNot specified24,420 sqftAED 10,238/sqftAED 250,000,000
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified474,290 sqftAED 432/sqftAED 204,664,890
14 Sept 2015World Islands—The WorldLandExisting PropertiesNot specified1,045,647 sqftAED 195/sqftAED 204,382,931
17 Sept 2015Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified466,938 sqftAED 432/sqftAED 201,492,355
1 Jul 2015Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified5,584,757 sqftAED 34/sqftAED 188,483,992
9 Jul 2015Al Hebiah FirstCASA FLORES AND EDEN APARTMENTSMotor CityVillaExisting PropertiesNot specified826,605 sqftAED 216/sqftAED 178,500,000

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.