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Quarterly report

Dubai property market — Q4 2015

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2015. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales12,419Registered in Q4 2015down11.1% vs a year earlier
Total valueAED 30.60BRegistered in Q4 2015Across 132 communities
Price per sqftAED 919/sqftMedian across Q4 2015down9.9% vs a year earlier
Sale priceAED 1.19MMedian across Q4 201546% sold off-plan

In a sentence

The Land Department registered 12,419 property sales in Q4 2015, worth AED 30.60B in total, across 132 communities. That is 11% fewer than the same quarter a year earlier.

The median sale was AED 1,192,888 at AED 919/sqft, 9.9% below the same quarter last year. 46% of sales were off-plan.

Al Yelayiss 2 was the busiest community with 1,427 registered sales, while Burj Khalifa took the most money at AED 2.72B.

Against the previous quarter, Al Yelayiss 2 rose 321% to 1,427 sales, while Al Thanyah First fell 63% to 65.

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 Q4 2015, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Yelayiss 21,427+320.9%AED 1.52BAED 1.17MAED 697/sqft100%
Al Hebiah Fourth984+81.9%AED 915.19MAED 760KAED 998/sqft56%
Al Hebiah Third708+77.9%AED 1.13BAED 1.54MAED 867/sqft52%
Marsa Dubai664+4.6%AED 1.28BAED 1.57MAED 1,406/sqft29%
Al Thanyah Fifth657+5.6%AED 1.22BAED 1.10MAED 876/sqft18%
Business Bay655+25.0%AED 1.25BAED 1.24MAED 1,350/sqft60%
Al Warsan First601+9.3%AED 392.79MAED 467KAED 752/sqft12%
Burj Khalifa581+24.9%AED 2.72BAED 2.30MAED 2,034/sqft59%
Al Barsha South Fourth516+4.2%AED 982.45MAED 759KAED 906/sqft45%
Palm Jumeirah492+37.8%AED 1.85BAED 2.30MAED 1,743/sqft70%
Nadd Hessa442-11.8%AED 439.51MAED 609KAED 823/sqft36%
Jabal Ali First403+31.3%AED 869.50MAED 1.38MAED 614/sqft11%
Me'Aisem First346+43.6%AED 866.51MAED 790KAED 958/sqft16%
Al Hebiah Second330+2257.1%AED 387.68MAED 820KAED 1,059/sqft97%
Al Goze Fourth298+53.6%AED 220.18MAED 759KAED 775/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 2.72B581
Palm JumeirahAED 1.85B492
Al Yelayiss 2AED 1.52B1,427
Marsa DubaiAED 1.28B664
Business BayAED 1.25B655
Al Thanyah FifthAED 1.22B657
Al MerkadhAED 1.21B88
Al Hebiah ThirdAED 1.13B708
Island 2AED 1.04B32
Al Barsha South FourthAED 982.45M516

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 Yelayiss 21,427+320.9%
Al Barshaa South Third201+214.1%
Al Yufrah 2189+122.4%
Hadaeq Sheikh Mohammed Bin Rashid245+118.8%
Al Hebiah Fourth984+81.9%
Al Hebiah Third708+77.9%
Al Thanyah First65-63.3%
Al Goze Fourth298+53.6%
Al Merkadh88-45.3%
Me'Aisem First346+43.6%

The largest sales of Q4 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
3 Nov 2015Al Murqabat—BuildingExisting PropertiesNot specified107,545 sqftAED 1,760/sqftAED 189,279,200
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
8 Oct 2015World IslandsJAL AASHWAThe WorldLandExisting PropertiesNot specified812,450 sqftAED 144/sqftAED 116,645,935
10 Dec 2015World IslandsAMALI ISLANDThe WorldLandExisting PropertiesNot specified689,191 sqftAED 169/sqftAED 116,337,487
29 Oct 2015Al Murqabat—BuildingExisting PropertiesNot specified14,737 sqftAED 7,464/sqftAED 110,000,000
21 Dec 2015Al Barsha First—BuildingExisting PropertiesNot specified39,300 sqftAED 2,702/sqftAED 106,205,500
28 Oct 2015Al Murqabat—BuildingExisting PropertiesNot specified12,717 sqftAED 8,099/sqftAED 103,000,000

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.