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Monthly report

Dubai property market — May 2016

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

Sales3,518Registered in May 2016up0.9% vs a year earlier
Total valueAED 9.07BRegistered in May 2016Across 104 communities
Price per sqftAED 970/sqftMedian across May 2016up3% vs a year earlier
Sale priceAED 1.22MMedian across May 201645% sold off-plan

In a sentence

The Land Department registered 3,518 property sales in May 2016, worth AED 9.07B in total, across 104 communities. That is 1% more than the same month a year earlier.

The median sale was AED 1,219,444 at AED 970/sqft, 3% above the same month last year. 45% of sales were off-plan.

Hadaeq Sheikh Mohammed Bin Rashid was the busiest community with 349 registered sales, and also took the most money at AED 1.05B.

Against the previous month, Hadaeq Sheikh Mohammed Bin Rashid rose 206% to 349 sales, while Jabal Ali First fell 47% to 212.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Hadaeq Sheikh Mohammed Bin Rashid349+206.1%AED 1.05BAED 2.71MAED 885/sqft69%
Business Bay231-18.7%AED 542.45MAED 1.00MAED 1,422/sqft58%
Jabal Ali First212-46.7%AED 181.99MAED 734KAED 1,047/sqft67%
Marsa Dubai208-4.1%AED 443.00MAED 1.75MAED 1,390/sqft27%
Al Thanyah Fifth188-11.3%AED 335.89MAED 1.00MAED 1,001/sqft14%
Burj Khalifa187+25.5%AED 530.53MAED 2.24MAED 2,085/sqft70%
Al Barsha South Fourth186-5.6%AED 271.87MAED 695KAED 773/sqft54%
Al Warsan First185-2.6%AED 91.70MAED 422KAED 712/sqft1%
Al Khairan First181+352.5%AED 284.53MAED 1.19MAED 1,410/sqft100%
Al Hebiah Fourth154-11.0%AED 193.75MAED 673KAED 878/sqft51%
Nadd Hessa151-32.9%AED 267.70MAED 625KAED 892/sqft40%
Al Yelayiss 297+79.6%AED 80.04MAED 681KAED 947/sqft100%
Palm Jumeirah96-8.6%AED 454.58MAED 2.86MAED 1,671/sqft31%
Dubai Investment Park First72-11.1%AED 256.49MAED 577KAED 729/sqft71%
Me'Aisem First63-25.9%AED 60.36MAED 596KAED 944/sqft22%

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
Hadaeq Sheikh Mohammed Bin RashidAED 1.05B349
Business BayAED 542.45M231
Burj KhalifaAED 530.53M187
Palm JumeirahAED 454.58M96
Marsa DubaiAED 443.00M208
Al Thanyah FifthAED 335.89M188
Al Khairan FirstAED 284.53M181
Al JadafAED 272.09M27
Al Barsha South FourthAED 271.87M186
Nadd HessaAED 267.70M151

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
Hadaeq Sheikh Mohammed Bin Rashid349+206.1%
Al Yelayiss 297+79.6%
Jabal Ali First212-46.7%
Nadd Hessa151-32.9%
Me'Aisem First63-25.9%
Burj Khalifa187+25.5%
Business Bay231-18.7%
Al Thanyah Fifth188-11.3%
Dubai Investment Park First72-11.1%
Al Hebiah Fourth154-11.0%

The largest sales of May 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 May 2016Business BayRegaliaBusiness BayLandExisting PropertiesNot specified55,823 sqftAED 4,024/sqftAED 224,647,080
17 May 2016Dubai Investment Park FirstSCHON BUSINESS PARKDubai Investment Park FirstBuildingExisting PropertiesNot specified292,104 sqftAED 527/sqftAED 153,869,058
25 May 2016Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified46,768 sqftAED 3,100/sqftAED 145,000,000
4 May 2016World Islands—The WorldLandExisting PropertiesNot specified863,404 sqftAED 157/sqftAED 135,594,591
3 May 2016Al Jadaf—Sama Al JadafBuildingExisting PropertiesNot specified25,863 sqftAED 4,775/sqftAED 123,500,000
17 May 2016Al Garhoud—BuildingExisting PropertiesNot specified38,600 sqftAED 2,979/sqftAED 115,000,000
3 May 2016Al Barshaa South First—BuildingExisting PropertiesNot specified472,243 sqftAED 240/sqftAED 113,339,280
4 May 2016Al Muteena—BuildingExisting PropertiesNot specified16,573 sqftAED 6,336/sqftAED 105,000,000
9 May 2016Al Suq Al Kabeer—BuildingExisting PropertiesNot specified14,797 sqftAED 6,150/sqftAED 91,000,000
23 May 2016Al Safouh First—Sufouh GardensLandExisting PropertiesNot specified58,084 sqftAED 1,549/sqftAED 90,000,000

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.