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Monthly report

Dubai property market — December 2016

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

Sales3,257Registered in December 2016down28% vs a year earlier
Total valueAED 8.56BRegistered in December 2016Across 93 communities
Price per sqftAED 951/sqftMedian across December 2016up6.1% vs a year earlier
Sale priceAED 1.08MMedian across December 201634% sold off-plan

In a sentence

The Land Department registered 3,257 property sales in December 2016, worth AED 8.56B in total, across 93 communities. That is 28% fewer than the same month a year earlier.

The median sale was AED 1,081,000 at AED 951/sqft, 6.1% above the same month last year. 34% of sales were off-plan.

Marsa Dubai was the busiest community with 285 registered sales, and also took the most money at AED 595.43M.

Against the previous month, Al Barshaa South Third rose 184% to 159 sales, while Al Yelayiss 2 fell 54% to 76.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai285+23.4%AED 595.43MAED 1.61MAED 1,607/sqft46%
Business Bay206-2.4%AED 321.36MAED 1.20MAED 1,517/sqft59%
Al Yufrah 3182-42.4%AED 211.35MAED 1.00MAED 828/sqft0%
Nadd Hessa181+6.5%AED 115.00MAED 602KAED 822/sqft40%
Jabal Ali First165-19.1%AED 468.83MAED 710KAED 965/sqft44%
Al Barshaa South Third159+183.9%AED 268.79MAED 495KAED 1,181/sqft92%
Al Barsha South Fourth146-20.2%AED 259.69MAED 616KAED 935/sqft54%
Al Thanyah Fifth145-19.0%AED 239.19MAED 1.15MAED 998/sqft8%
Al Warsan First130-40.4%AED 79.66MAED 410KAED 676/sqft3%
Al Hebiah First128+433.3%AED 131.99MAED 859KAED 1,226/sqft0%
Al Hebiah Fourth120-38.8%AED 96.39MAED 653KAED 946/sqft27%
Al Wasl106+2.9%AED 331.99MAED 2.94MAED 1,605/sqft74%
Burj Khalifa93+16.3%AED 239.07MAED 2.10MAED 1,924/sqft35%
Nad Al Shiba First85+183.3%AED 86.83MAED 579KAED 232/sqft11%
Al Yelayiss 178+16.4%AED 163.50MAED 2.13MAED 715/sqft15%

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
Marsa DubaiAED 595.43M285
Jabal Ali FirstAED 468.83M165
Al Thanyah ThirdAED 466.61M55
Al WaslAED 331.99M106
Dubai Investment Park FirstAED 328.02M51
Business BayAED 321.36M206
Saih Shuaib 3AED 296.28M5
Palm JumeirahAED 289.93M65
Al Barshaa South ThirdAED 268.79M159
Al Barsha South FourthAED 259.69M146

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 Barshaa South Third159+183.9%
Al Yelayiss 276-54.5%
Al Yufrah 260-52.4%
Dubai Investment Park First51-51.9%
Me'Aisem First58-42.6%
Al Yufrah 3182-42.4%
Al Warsan First130-40.4%
Al Hebiah Fourth120-38.8%
Palm Jumeirah65-35.6%
Marsa Dubai285+23.4%

The largest sales of December 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
22 Dec 2016Jabal Ali First—Wasl GateBuildingExisting PropertiesNot specified844,779 sqftAED 230/sqftAED 194,350,000
8 Dec 2016Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified5,270,404 sqftAED 36/sqftAED 188,483,993
6 Dec 2016Al Safouh Second—Site ALandExisting PropertiesNot specified88,216 sqftAED 1,960/sqftAED 172,903,360
13 Dec 2016Trade Center FirstTrump TowerBuildingExisting PropertiesNot specified15,000 sqftAED 10,667/sqftAED 160,000,000
5 Dec 2016Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified980,405 sqftAED 152/sqftAED 149,021,560
5 Dec 2016Al Barshaa South ThirdThe central downtownArjanLandExisting PropertiesNot specified303,215 sqftAED 403/sqftAED 122,334,000
26 Dec 2016Nad Al Shiba Third—BuildingExisting PropertiesNot specified1,295,878 sqftAED 80/sqftAED 103,024,000
14 Dec 2016Al Mamzer—BuildingExisting PropertiesNot specified20,000 sqftAED 4,160/sqftAED 83,200,000
14 Dec 2016Al Mamzer—BuildingExisting PropertiesNot specified20,000 sqftAED 4,160/sqftAED 83,200,000
5 Dec 2016Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified499,745 sqftAED 154/sqftAED 76,761,120

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.