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Monthly report

Dubai property market — February 2016

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

Sales4,998Registered in February 2016up41% vs a year earlier
Total valueAED 10.03BRegistered in February 2016Across 97 communities
Price per sqftAED 931/sqftMedian across February 2016down9.7% vs a year earlier
Sale priceAED 1.13MMedian across February 201650% sold off-plan

In a sentence

The Land Department registered 4,998 property sales in February 2016, worth AED 10.03B in total, across 97 communities. That is 41% more than the same month a year earlier.

The median sale was AED 1,134,052 at AED 931/sqft, 9.7% below the same month last year. 50% of sales were off-plan.

Nadd Hessa was the busiest community with 455 registered sales, while Burj Khalifa took the most money at AED 792.08M.

Against the previous month, Nadd Hessa rose 325% to 455 sales, while Saih Shuaib 1 fell 63% to 401.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Nadd Hessa455+325.2%AED 328.01MAED 649KAED 829/sqft82%
Saih Shuaib 1401-62.5%AED 627.62MAED 1.32MAED 125/sqft0%
Business Bay354+68.6%AED 542.67MAED 1.27MAED 1,794/sqft62%
Al Yelayiss 2338+1107.1%AED 275.25MAED 791KAED 903/sqft100%
Me'Aisem First327+189.4%AED 356.96MAED 662KAED 980/sqft83%
Burj Khalifa274+138.3%AED 792.08MAED 2.29MAED 2,072/sqft76%
Marsa Dubai251+51.2%AED 558.33MAED 1.49MAED 1,357/sqft30%
Al Barsha South Fourth230+64.3%AED 425.98MAED 792KAED 875/sqft57%
Al Thanyah Fifth192+12.9%AED 360.49MAED 1.08MAED 958/sqft17%
Al Warsan First187+1.6%AED 96.81MAED 400KAED 702/sqft9%
Al Hebiah Fourth182-4.2%AED 151.37MAED 648KAED 921/sqft39%
Madinat Hind 4169+238.0%AED 105.11MAED 512KAED 1,188/sqft99%
Al Yufrah 3123-8.9%AED 207.94MAED 1.60MAED 918/sqft0%
Hadaeq Sheikh Mohammed Bin Rashid121+47.6%AED 317.11MAED 2.69MAED 1,040/sqft99%
Palm Jumeirah119+17.8%AED 604.61MAED 3.42MAED 1,823/sqft48%

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 792.08M274
Saih Shuaib 1AED 627.62M401
Palm JumeirahAED 604.61M119
Marsa DubaiAED 558.33M251
Business BayAED 542.67M354
Al Barsha South FourthAED 425.98M230
Al Thanyah FifthAED 360.49M192
Me'Aisem FirstAED 356.96M327
Nadd HessaAED 328.01M455
Hadaeq Sheikh Mohammed Bin RashidAED 317.11M121

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
Nadd Hessa455+325.2%
Madinat Hind 4169+238.0%
Me'Aisem First327+189.4%
Burj Khalifa274+138.3%
Business Bay354+68.6%
Al Barsha South Fourth230+64.3%
Saih Shuaib 1401-62.5%
Marsa Dubai251+51.2%
Hadaeq Sheikh Mohammed Bin Rashid121+47.6%
Al Thanyah Third71+26.8%

The largest sales of February 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
16 Feb 2016Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified1,971,569 sqftAED 63/sqftAED 123,636,325
22 Feb 2016Al Goze Industrial First—BuildingExisting PropertiesNot specified41,254 sqftAED 2,655/sqftAED 109,516,830
10 Feb 2016Al Goze Industrial First—BuildingExisting PropertiesNot specified39,372 sqftAED 2,555/sqftAED 100,610,411
8 Feb 2016Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASLandExisting PropertiesNot specified36,279 sqftAED 2,535/sqftAED 91,952,320
25 Feb 2016Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified541,955 sqftAED 139/sqftAED 75,440,275
15 Feb 2016Port Saeed—BuildingExisting PropertiesNot specified40,785 sqftAED 1,615/sqftAED 65,867,775
15 Feb 2016Saih Shuaib 3—Dubai Industrial CityLandExisting PropertiesNot specified1,021,928 sqftAED 58/sqftAED 59,271,882
8 Feb 2016Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASVillaExisting PropertiesNot specified20,488 sqftAED 2,454/sqftAED 50,270,725
16 Feb 2016Saih Aldahal—BuildingExisting PropertiesNot specified48,212,555 sqftAED 1/sqftAED 48,212,601
8 Feb 2016Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified260,236 sqftAED 169/sqftAED 43,914,871

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.