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Monthly report

Dubai property market — October 2016

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

Sales3,214Registered in October 2016up10.4% vs a year earlier
Total valueAED 7.84BRegistered in October 2016Across 97 communities
Price per sqftAED 940/sqftMedian across October 2016up2.3% vs a year earlier
Sale priceAED 1.10MMedian across October 201633% sold off-plan

In a sentence

The Land Department registered 3,214 property sales in October 2016, worth AED 7.84B in total, across 97 communities. That is 10% more than the same month a year earlier.

The median sale was AED 1,100,000 at AED 940/sqft, 2.3% above the same month last year. 33% of sales were off-plan.

Business Bay was the busiest community with 275 registered sales, and also took the most money at AED 523.59M.

Against the previous month, Al Warsan First rose 95% to 179 sales, while Burj Khalifa fell 30% to 68.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay275+29.7%AED 523.59MAED 1.10MAED 1,418/sqft50%
Al Yufrah 2246+583.3%AED 269.58MAED 1.00MAED 828/sqft0%
Jabal Ali First212+35.0%AED 282.86MAED 746KAED 945/sqft64%
Marsa Dubai198+26.1%AED 473.49MAED 1.60MAED 1,431/sqft25%
Nadd Hessa198+69.2%AED 242.53MAED 609KAED 876/sqft35%
Al Thanyah Fifth180+20.0%AED 352.51MAED 1.00MAED 1,082/sqft11%
Al Warsan First179+94.6%AED 164.85MAED 460KAED 707/sqft2%
Al Wasl176+17500.0%AED 506.27MAED 2.79MAED 1,417/sqft61%
Al Hebiah Fourth158+88.1%AED 126.96MAED 728KAED 1,021/sqft27%
Al Barsha South Fourth157+12.1%AED 259.70MAED 806KAED 924/sqft55%
Dubai Investment Park First82+54.7%AED 205.53MAED 768KAED 650/sqft60%
Me'Aisem First80+77.8%AED 137.32MAED 503KAED 997/sqft16%
Al Barsha South Fifth77+108.1%AED 75.04MAED 671KAED 990/sqft71%
Al Yelayiss 272+26.3%AED 90.21MAED 1.31MAED 696/sqft100%
Burj Khalifa68-29.9%AED 226.49MAED 1.93MAED 1,904/sqft28%

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
Business BayAED 523.59M275
Al WaslAED 506.27M176
Marsa DubaiAED 473.49M198
Al Barshaa South SecondAED 373.19M7
Al Thanyah FifthAED 352.51M180
Dubai Investment Park SecondAED 313.59M65
Jabal Ali FirstAED 282.86M212
Al Yufrah 2AED 269.58M246
Al Barsha South FourthAED 259.70M157
Palm JumeirahAED 253.74M61

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 Warsan First179+94.6%
Al Hebiah Fourth158+88.1%
Nadd Hessa198+69.2%
Dubai Investment Park First82+54.7%
Jabal Ali First212+35.0%
Burj Khalifa68-29.9%
Business Bay275+29.7%
Al Yelayiss 272+26.3%
Marsa Dubai198+26.1%
Al Thanyah Fifth180+20.0%

The largest sales of October 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
12 Oct 2016Al Barshaa South Second—BuildingExisting PropertiesNot specified931,745 sqftAED 378/sqftAED 352,418,503
17 Oct 2016Marsa DubaiROVE HOME DUBAI MARINADubai MarinaLandExisting PropertiesNot specified59,944 sqftAED 2,002/sqftAED 120,000,000
31 Oct 2016Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified24,283 sqftAED 4,427/sqftAED 107,500,000
10 Oct 2016Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified27,824 sqftAED 3,594/sqftAED 100,000,000
11 Oct 2016Al Eyas—LandExisting PropertiesNot specified867,571 sqftAED 80/sqftAED 69,100,000
5 Oct 2016Al Saffa Second—LandExisting PropertiesNot specified20,000 sqftAED 3,250/sqftAED 65,000,000
31 Oct 2016Business BayBayz TowerBusiness BayBuildingExisting PropertiesNot specified61,449 sqftAED 1,042/sqftAED 64,000,000
17 Oct 2016Al Barsha First—LandExisting PropertiesNot specified15,718 sqftAED 3,976/sqftAED 62,500,000
31 Oct 2016Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified514,153 sqftAED 115/sqftAED 59,200,425
17 Oct 2016Al Thanyah FifthOrra The EmbankmentDMCC Master CommunityBuildingExisting PropertiesNot specified56,672 sqftAED 1,021/sqftAED 57,857,720

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.