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Monthly report

Dubai property market — January 2016

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2016. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales4,005Registered in January 2016down3% vs a year earlier
Total valueAED 8.90BRegistered in January 2016Across 100 communities
Price per sqftAED 821/sqftMedian across January 2016down19.6% vs a year earlier
Sale priceAED 1.30MMedian across January 201626% sold off-plan

In a sentence

The Land Department registered 4,005 property sales in January 2016, worth AED 8.90B in total, across 100 communities. That is 3% fewer than the same month a year earlier.

The median sale was AED 1,302,000 at AED 821/sqft, 19.6% below the same month last year. 26% of sales were off-plan.

Saih Shuaib 1 was the busiest community with 1,070 registered sales, and also took the most money at AED 1.66B.

Against the previous month, Al Yufrah 3 rose 121% to 135 sales, while Al Hebiah Fourth fell 51% to 190.

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 January 2016, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Saih Shuaib 11,070+4358.3%AED 1.66BAED 1.30MAED 125/sqft0%
Business Bay210+7.7%AED 436.92MAED 1.31MAED 1,442/sqft65%
Al Hebiah Fourth190-51.4%AED 208.86MAED 772KAED 1,027/sqft28%
Al Warsan First184-18.2%AED 161.58MAED 450KAED 720/sqft5%
Al Thanyah Fifth170-30.0%AED 331.74MAED 1.22MAED 1,020/sqft12%
Marsa Dubai166-29.7%AED 292.57MAED 1.44MAED 1,385/sqft16%
Al Barsha South Fourth140-3.4%AED 289.19MAED 627KAED 900/sqft59%
Al Yufrah 3135+121.3%AED 241.62MAED 1.70MAED 928/sqft0%
Al Hebiah Third119-26.5%AED 210.51MAED 1.18MAED 1,272/sqft60%
Burj Khalifa115-46.0%AED 494.43MAED 2.88MAED 2,307/sqft32%
Jabal Ali First114-39.7%AED 172.44MAED 1.37MAED 723/sqft7%
Me'Aisem First113-0.9%AED 180.70MAED 750KAED 958/sqft31%
Nadd Hessa107-43.4%AED 73.96MAED 629KAED 811/sqft33%
Palm Jumeirah101-13.7%AED 493.02MAED 3.00MAED 1,800/sqft45%
Hadaeq Sheikh Mohammed Bin Rashid82-28.1%AED 208.78MAED 2.61MAED 1,030/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
Saih Shuaib 1AED 1.66B1,070
Burj KhalifaAED 494.43M115
Palm JumeirahAED 493.02M101
Business BayAED 436.92M210
Al Thanayah FourthAED 335.63M37
Al Thanyah FifthAED 331.74M170
Marsa DubaiAED 292.57M166
Al Barsha South FourthAED 289.19M140
Al Yufrah 3AED 241.62M135
Al Yufrah 2AED 239.07M73

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
Al Yufrah 3135+121.3%
Al Hebiah Fourth190-51.4%
Burj Khalifa115-46.0%
Nadd Hessa107-43.4%
Al Thanyah Third56-42.9%
Jabal Ali First114-39.7%
Al Hebiah Second75-37.0%
Al Thanyah Fifth170-30.0%
Marsa Dubai166-29.7%
Al Yufrah 273-29.1%

The largest sales of January 2016

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
25 Jan 2016Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified1,251,453 sqftAED 120/sqftAED 150,174,600
7 Jan 2016Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified638,422 sqftAED 168/sqftAED 107,458,031
5 Jan 2016Palm JumeirahROYAL BAYPalm JumeirahBuildingExisting PropertiesNot specified51,528 sqftAED 1,587/sqftAED 81,778,000
11 Jan 2016Al Buteen—BuildingExisting PropertiesNot specified2,356 sqftAED 33,956/sqftAED 80,000,000
18 Jan 2016Business BayTHE ONE HOTELBusiness BayBuildingExisting PropertiesNot specified66,017 sqftAED 1,004/sqftAED 66,250,000
19 Jan 2016Al Raffa—BuildingExisting PropertiesNot specified14,989 sqftAED 3,536/sqftAED 53,000,000
11 Jan 2016Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified38,563 sqftAED 1,374/sqftAED 53,000,000
6 Jan 2016Wadi Al Safa 3SYANN PALMMajanLandExisting PropertiesNot specified66,879 sqftAED 770/sqftAED 51,503,100
25 Jan 2016Business BayLuxury Family Residence IIBusiness BayBuildingExisting PropertiesNot specified55,633 sqftAED 881/sqftAED 49,000,000
18 Jan 2016Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified34,217 sqftAED 1,343/sqftAED 45,950,731

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.