← All reports

Monthly report

Dubai property market — November 2016

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

Sales3,685Registered in November 2016down26.1% vs a year earlier
Total valueAED 10.83BRegistered in November 2016Across 100 communities
Price per sqftAED 869/sqftMedian across November 2016down8.9% vs a year earlier
Sale priceAED 1.10MMedian across November 201630% sold off-plan

In a sentence

The Land Department registered 3,685 property sales in November 2016, worth AED 10.83B in total, across 100 communities. That is 26% fewer than the same month a year earlier.

The median sale was AED 1,097,785 at AED 869/sqft, 8.9% below the same month last year. 30% of sales were off-plan.

Al Yufrah 3 was the busiest community with 316 registered sales, while Al Hebiah Fourth took the most money at AED 1.83B.

Against the previous month, Al Yelayiss 2 rose 132% to 167 sales, while Al Yufrah 2 fell 49% to 126.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Yufrah 3316+1273.9%AED 343.27MAED 1.00MAED 828/sqft0%
Marsa Dubai231+16.7%AED 479.79MAED 1.40MAED 1,493/sqft15%
Al Warsan First218+21.8%AED 159.77MAED 425KAED 691/sqft4%
Business Bay211-23.3%AED 436.06MAED 1.14MAED 1,388/sqft44%
Jabal Ali First204-3.8%AED 292.31MAED 985KAED 958/sqft53%
Al Hebiah Fourth196+24.1%AED 1.83BAED 585KAED 938/sqft34%
Al Barsha South Fourth183+16.6%AED 267.27MAED 690KAED 883/sqft55%
Al Thanyah Fifth179-0.6%AED 304.20MAED 1.05MAED 970/sqft9%
Nadd Hessa170-14.1%AED 207.75MAED 649KAED 884/sqft25%
Al Yelayiss 2167+131.9%AED 206.35MAED 1.36MAED 678/sqft100%
Al Yufrah 2126-48.8%AED 131.76MAED 1.00MAED 828/sqft0%
Dubai Investment Park Second114+75.4%AED 942.08MAED 7.91MAED 134/sqft2%
Dubai Investment Park First106+29.3%AED 292.56MAED 673KAED 650/sqft58%
Al Wasl103-41.5%AED 271.72MAED 2.46MAED 1,369/sqft86%
Me'Aisem First101+26.3%AED 151.94MAED 460KAED 908/sqft23%

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
Al Hebiah FourthAED 1.83B196
Dubai Investment Park SecondAED 942.08M114
Palm JumeirahAED 550.88M101
Marsa DubaiAED 479.79M231
Business BayAED 436.06M211
Trade Center SecondAED 387.77M2
Al Yufrah 3AED 343.27M316
Al Thanyah FifthAED 304.20M179
Dubai Investment Park FirstAED 292.56M106
Jabal Ali FirstAED 292.31M204

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 Yelayiss 2167+131.9%
Dubai Investment Park Second114+75.4%
Palm Jumeirah101+65.6%
Al Yufrah 2126-48.8%
Al Wasl103-41.5%
Dubai Investment Park First106+29.3%
Me'Aisem First101+26.3%
Al Hebiah Fourth196+24.1%
Business Bay211-23.3%
Al Warsan First218+21.8%

The largest sales of November 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
8 Nov 2016Al Hebiah Fourth—LandExisting PropertiesNot specified17,227,688 sqftAED 52/sqftAED 900,000,000
8 Nov 2016Al Hebiah Fourth—TILAL AL GHAFLandExisting PropertiesNot specified14,356,380 sqftAED 52/sqftAED 750,000,000
1 Nov 2016Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 38,500/sqftAED 385,000,000
1 Nov 2016Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified189,792 sqftAED 1,054/sqftAED 200,000,000
16 Nov 2016Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified25,758 sqftAED 5,552/sqftAED 143,000,000
9 Nov 2016Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified1,508,625 sqftAED 89/sqftAED 134,464,707
9 Nov 2016Al Suq Al Kabeer—BuildingExisting PropertiesNot specified13,700 sqftAED 6,934/sqftAED 95,000,000
17 Nov 2016Al Barshaa South SecondSkyhills Astra by HREDubai Science ParkBuildingExisting PropertiesNot specified180,893 sqftAED 448/sqftAED 81,000,000
2 Nov 2016Business Bay—Business BayLandExisting PropertiesNot specified58,350 sqftAED 1,388/sqftAED 81,000,000
7 Nov 2016Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified34,298 sqftAED 2,333/sqftAED 80,000,000

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.