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Quarterly report

Dubai property market — Q2 2016

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2016. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales10,770Registered in Q2 2016up8.5% vs a year earlier
Total valueAED 26.92BRegistered in Q2 2016Across 130 communities
Price per sqftAED 959/sqftMedian across Q2 2016down1.9% vs a year earlier
Sale priceAED 1.21MMedian across Q2 201642% sold off-plan

In a sentence

The Land Department registered 10,770 property sales in Q2 2016, worth AED 26.92B in total, across 130 communities. That is 9% more than the same quarter a year earlier.

The median sale was AED 1,211,214 at AED 959/sqft, 1.9% below the same quarter last year. 42% of sales were off-plan.

Business Bay was the busiest community with 783 registered sales, while Hadaeq Sheikh Mohammed Bin Rashid took the most money at AED 2.47B.

Against the previous quarter, Dubai Investment Park First rose 204% to 216 sales, while Saih Shuaib 1 fell 85% to 261.

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 Q2 2016, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay783+4.4%AED 1.36BAED 1.15MAED 1,367/sqft60%
Marsa Dubai763+21.1%AED 1.66BAED 1.80MAED 1,548/sqft36%
Hadaeq Sheikh Mohammed Bin Rashid739+173.7%AED 2.47BAED 3.20MAED 856/sqft54%
Jabal Ali First724+145.4%AED 759.39MAED 683KAED 1,089/sqft71%
Al Thanyah Fifth587+6.9%AED 1.09BAED 1.05MAED 989/sqft13%
Al Warsan First568+4.8%AED 331.54MAED 420KAED 709/sqft2%
Al Barsha South Fourth537+0.6%AED 950.19MAED 693KAED 850/sqft51%
Nadd Hessa487-30.0%AED 539.88MAED 609KAED 858/sqft51%
Al Hebiah Fourth470-20.2%AED 492.97MAED 660KAED 926/sqft48%
Burj Khalifa438-18.3%AED 1.25BAED 2.25MAED 2,015/sqft59%
Al Khairan First328+166.7%AED 508.85MAED 1.18MAED 1,403/sqft100%
Palm Jumeirah294-1.0%AED 1.12BAED 2.67MAED 1,692/sqft42%
Al Yelayiss 2263-36.6%AED 222.41MAED 799KAED 947/sqft100%
Saih Shuaib 1261-84.9%AED 817.37MAED 1.32MAED 125/sqft0%
Dubai Investment Park First216+204.2%AED 526.52MAED 570KAED 738/sqft63%

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 2.47B739
Marsa DubaiAED 1.66B763
Business BayAED 1.36B783
Burj KhalifaAED 1.25B438
Palm JumeirahAED 1.12B294
Al Thanyah FifthAED 1.09B587
Al Barsha South FourthAED 950.19M537
Saih Shuaib 1AED 817.37M261
Jabal Ali FirstAED 759.39M724
Wadi Al Safa 4AED 745.54M6

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
Dubai Investment Park First216+204.2%
Hadaeq Sheikh Mohammed Bin Rashid739+173.7%
Al Khairan First328+166.7%
Jabal Ali First724+145.4%
Saih Shuaib 1261-84.9%
Me'Aisem First216-59.4%
Al Thanyah First53-53.1%
Nad Al Shiba First54-49.5%
Al Yelayiss 2263-36.6%
Wadi Al Safa 686+34.4%

The largest sales of Q2 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
13 Apr 2016Wadi Al Safa 4—LandExisting PropertiesNot specified7,934,477 sqftAED 91/sqftAED 722,038,146
8 Jun 2016Saih Shuaib 1—LandExisting PropertiesNot specified3,547,997 sqftAED 110/sqftAED 390,000,000
25 Apr 2016Nad Al Shiba First—Meydan Racecourse CommunityBuildingExisting PropertiesNot specified329,057 sqftAED 1,067/sqftAED 350,991,967
25 May 2016Business BayRegaliaBusiness BayLandExisting PropertiesNot specified55,823 sqftAED 4,024/sqftAED 224,647,080
17 May 2016Dubai Investment Park FirstSCHON BUSINESS PARKDubai Investment Park FirstBuildingExisting PropertiesNot specified292,104 sqftAED 527/sqftAED 153,869,058
25 May 2016Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified46,768 sqftAED 3,100/sqftAED 145,000,000
4 May 2016World Islands—The WorldLandExisting PropertiesNot specified863,404 sqftAED 157/sqftAED 135,594,591
3 May 2016Al Jadaf—Sama Al JadafBuildingExisting PropertiesNot specified25,863 sqftAED 4,775/sqftAED 123,500,000
17 May 2016Al Garhoud—BuildingExisting PropertiesNot specified38,600 sqftAED 2,979/sqftAED 115,000,000
3 May 2016Al Barshaa South First—BuildingExisting PropertiesNot specified472,243 sqftAED 240/sqftAED 113,339,280

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.