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Monthly report

Dubai property market — August 2016

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

Sales4,311Registered in August 2016up29.8% vs a year earlier
Total valueAED 14.08BRegistered in August 2016Across 101 communities
Price per sqftAED 979/sqftMedian across August 2016up4.7% vs a year earlier
Sale priceAED 1.53MMedian across August 201646% sold off-plan

In a sentence

The Land Department registered 4,311 property sales in August 2016, worth AED 14.08B in total, across 101 communities. That is 30% more than the same month a year earlier.

The median sale was AED 1,529,552 at AED 979/sqft, 4.7% above the same month last year. 46% of sales were off-plan.

Marsa Dubai was the busiest community with 323 registered sales, while Hadaeq Sheikh Mohammed Bin Rashid took the most money at AED 1.39B.

Against the previous month, Saih Shuaib 1 rose 259% to 251 sales, while Al Khairan First fell 58% to 95.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai323+32.9%AED 688.05MAED 2.00MAED 1,759/sqft54%
Burj Khalifa307-20.1%AED 1.14BAED 3.09MAED 2,720/sqft82%
Hadaeq Sheikh Mohammed Bin Rashid301+59.3%AED 1.39BAED 3.61MAED 847/sqft43%
Business Bay295+48.2%AED 695.52MAED 1.27MAED 1,604/sqft66%
Saih Shuaib 1251+258.6%AED 397.16MAED 1.44MAED 130/sqft0%
Jabal Ali First203-42.7%AED 211.65MAED 775KAED 1,063/sqft73%
Al Warsan First183+60.5%AED 122.58MAED 435KAED 717/sqft2%
Al Wasl181-10.0%AED 503.63MAED 2.43MAED 1,396/sqft98%
Al Barsha South Fourth179+64.2%AED 295.21MAED 675KAED 907/sqft54%
Al Hebiah Fourth151+39.8%AED 153.87MAED 741KAED 978/sqft39%
Al Thanyah Fifth137+24.5%AED 241.96MAED 1.15MAED 1,005/sqft4%
Nadd Hessa123+61.8%AED 102.27MAED 580KAED 854/sqft48%
Me'Aisem First115+59.7%AED 212.47MAED 717KAED 1,052/sqft29%
Palm Jumeirah103+106.0%AED 357.75MAED 2.65MAED 1,343/sqft24%
Dubai Investment Park First98+476.5%AED 155.77MAED 569KAED 698/sqft68%

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 1.39B301
Burj KhalifaAED 1.14B307
Business BayAED 695.52M295
Marsa DubaiAED 688.05M323
Saih Shuaib 3AED 567.78M15
Al WaslAED 503.63M181
Al Rowaiyah FirstAED 422.46M2
Saih Shuaib 4AED 399.74M20
Saih Shuaib 1AED 397.16M251
Saih Shuaib 2AED 390.81M15

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
Saih Shuaib 1251+258.6%
Palm Jumeirah103+106.0%
Wadi Al Safa 294+77.4%
Al Barsha South Fourth179+64.2%
Nadd Hessa123+61.8%
Al Warsan First183+60.5%
Me'Aisem First115+59.7%
Hadaeq Sheikh Mohammed Bin Rashid301+59.3%
Al Khairan First95-58.1%
Al Yelayiss 295-52.5%

The largest sales of August 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
29 Aug 2016Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified642,720 sqftAED 450/sqftAED 289,224,000
23 Aug 2016Trade Center First—BuildingExisting PropertiesNot specified12,500 sqftAED 21,600/sqftAED 270,000,000
8 Aug 2016Palm Deira—Palm DeiraLandExisting PropertiesNot specified395,656 sqftAED 507/sqftAED 200,597,480
22 Aug 2016Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified5,710,594 sqftAED 33/sqftAED 188,483,993
18 Aug 2016Al Safouh Second—Site ABuildingExisting PropertiesNot specified34,872 sqftAED 4,399/sqftAED 153,412,560
29 Aug 2016Al Thanyah ThirdTHE ONYXThe GreensHotelOff-Plan PropertiesNot specified224,000 sqftAED 657/sqftAED 147,085,635
25 Aug 2016Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified226,587 sqftAED 588/sqftAED 133,233,352
2 Aug 2016Al Barshaa South Second—Dubai Science ParkLandExisting PropertiesNot specified387,167 sqftAED 336/sqftAED 130,088,160
15 Aug 2016Saih Shuaib 3—Dubai Industrial CityLandExisting PropertiesNot specified1,128,169 sqftAED 106/sqftAED 119,303,578
15 Aug 2016Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified983,730 sqftAED 119/sqftAED 116,818,080

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.