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Quarterly report

Dubai property market — Q1 2016

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2016. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,905Registered in Q1 2016up5.8% vs a year earlier
Total valueAED 27.24BRegistered in Q1 2016Across 134 communities
Price per sqftAED 897/sqftMedian across Q1 2016down13.9% vs a year earlier
Sale priceAED 1.25MMedian across Q1 201637% sold off-plan

In a sentence

The Land Department registered 11,905 property sales in Q1 2016, worth AED 27.24B in total, across 134 communities. That is 6% more than the same quarter a year earlier.

The median sale was AED 1,248,400 at AED 897/sqft, 13.9% below the same quarter last year. 37% of sales were off-plan.

Saih Shuaib 1 was the busiest community with 1,725 registered sales, and also took the most money at AED 2.69B.

Against the previous quarter, Al Yufrah 3 rose 80% to 270 sales, while Al Hebiah Second fell 71% to 95.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2016, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Saih Shuaib 11,725+7087.5%AED 2.69BAED 1.31MAED 125/sqft0%
Business Bay750+14.5%AED 1.33BAED 1.27MAED 1,442/sqft58%
Nadd Hessa696+57.5%AED 500.38MAED 642KAED 828/sqft67%
Marsa Dubai630-5.1%AED 1.42BAED 1.52MAED 1,390/sqft27%
Al Hebiah Fourth589-40.1%AED 536.24MAED 700KAED 971/sqft38%
Al Thanyah Fifth549-16.4%AED 979.62MAED 1.09MAED 967/sqft16%
Al Warsan First542-9.8%AED 343.22MAED 441KAED 703/sqft6%
Burj Khalifa536-7.7%AED 1.69BAED 2.30MAED 2,071/sqft61%
Al Barsha South Fourth534+3.5%AED 1.03BAED 778KAED 875/sqft52%
Me'Aisem First532+53.8%AED 687.86MAED 669KAED 971/sqft61%
Al Yelayiss 2415-70.9%AED 353.01MAED 824KAED 902/sqft100%
Palm Jumeirah297-39.6%AED 1.40BAED 3.10MAED 1,742/sqft43%
Jabal Ali First295-26.8%AED 487.10MAED 1.03MAED 802/sqft19%
Al Yufrah 3270+80.0%AED 471.32MAED 1.66MAED 919/sqft0%
Hadaeq Sheikh Mohammed Bin Rashid270+10.2%AED 810.88MAED 2.69MAED 1,023/sqft99%

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
Saih Shuaib 1AED 2.69B1,725
Burj KhalifaAED 1.69B536
Marsa DubaiAED 1.42B630
Palm JumeirahAED 1.40B297
Business BayAED 1.33B750
Al Barsha South FourthAED 1.03B534
Al Thanyah FifthAED 979.62M549
World IslandsAED 841.79M6
Hadaeq Sheikh Mohammed Bin RashidAED 810.88M270
Me'Aisem FirstAED 687.86M532

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Yufrah 3270+80.0%
Dubai Investment Park Second96+77.8%
Al Thanyah First113+73.8%
Al Hebiah Second95-71.2%
Al Yelayiss 2415-70.9%
Al Hebiah Third252-64.4%
Al Goze Fourth108-63.8%
Nadd Hessa696+57.5%
Me'Aisem First532+53.8%
Al Hebiah Fourth589-40.1%

The largest sales of Q1 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
24 Mar 2016World IslandsTHE HEART OF EUROPE 2The WorldBuildingExisting PropertiesNot specified2,291,419 sqftAED 170/sqftAED 390,064,800
25 Jan 2016Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified1,251,453 sqftAED 120/sqftAED 150,174,600
24 Mar 2016World Islands—The WorldLandExisting PropertiesNot specified792,991 sqftAED 161/sqftAED 127,617,000
16 Feb 2016Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified1,971,569 sqftAED 63/sqftAED 123,636,325
21 Mar 2016Al Nahda Second—BuildingExisting PropertiesNot specified30,000 sqftAED 4,000/sqftAED 120,000,000
24 Mar 2016World Islands—The WorldLandExisting PropertiesNot specified962,334 sqftAED 117/sqftAED 112,318,117
22 Feb 2016Al Goze Industrial First—BuildingExisting PropertiesNot specified41,254 sqftAED 2,655/sqftAED 109,516,830
7 Mar 2016Wadi Al Safa 3—Living LegendsLandExisting PropertiesNot specified4,641,944 sqftAED 24/sqftAED 109,477,983
7 Jan 2016Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified638,422 sqftAED 168/sqftAED 107,458,031
28 Mar 2016Hadaeq Sheikh Mohammed Bin RashidACACIA AT PARK HEIGHTSDubai Hills EstateLandExisting PropertiesNot specified140,597 sqftAED 747/sqftAED 105,000,000

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.