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Quarterly report

Dubai property market — Q4 2016

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2016. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales10,156Registered in Q4 2016down18.2% vs a year earlier
Total valueAED 27.23BRegistered in Q4 2016Across 127 communities
Price per sqftAED 914/sqftMedian across Q4 2016down0.5% vs a year earlier
Sale priceAED 1.10MMedian across Q4 201632% sold off-plan

In a sentence

The Land Department registered 10,156 property sales in Q4 2016, worth AED 27.23B in total, across 127 communities. That is 18% fewer than the same quarter a year earlier.

The median sale was AED 1,095,630 at AED 914/sqft, 0.5% below the same quarter last year. 32% of sales were off-plan.

Marsa Dubai was the busiest community with 714 registered sales, while Al Hebiah Fourth took the most money at AED 2.05B.

Against the previous quarter, Al Yufrah 2 rose 468% to 432 sales, while Saih Shuaib 1 fell 72% to 98.

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 Q4 2016, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai714-1.2%AED 1.55BAED 1.57MAED 1,560/sqft30%
Business Bay692-2.0%AED 1.28BAED 1.14MAED 1,427/sqft51%
Jabal Ali First581-18.6%AED 1.04BAED 750KAED 954/sqft54%
Nadd Hessa549+73.7%AED 565.29MAED 619KAED 867/sqft33%
Al Warsan First527+35.5%AED 404.29MAED 425KAED 693/sqft3%
Al Yufrah 3521+1202.5%AED 589.10MAED 1.00MAED 828/sqft0%
Al Thanyah Fifth504+27.0%AED 895.90MAED 1.03MAED 1,012/sqft10%
Al Barsha South Fourth486+13.6%AED 786.66MAED 700KAED 917/sqft55%
Al Hebiah Fourth474+38.2%AED 2.05BAED 650KAED 974/sqft30%
Al Yufrah 2432+468.4%AED 654.91MAED 1.00MAED 828/sqft0%
Al Wasl385+0.5%AED 1.11BAED 2.72MAED 1,428/sqft71%
Al Yelayiss 2315-10.5%AED 388.87MAED 1.35MAED 684/sqft100%
Al Barshaa South Third245+265.7%AED 409.70MAED 500KAED 1,140/sqft81%
Burj Khalifa241-69.4%AED 696.44MAED 2.13MAED 2,003/sqft31%
Dubai Investment Park First239+42.3%AED 826.10MAED 824KAED 641/sqft51%

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 2.05B474
Marsa DubaiAED 1.55B714
Dubai Investment Park SecondAED 1.46B223
Business BayAED 1.28B692
Al WaslAED 1.11B385
Palm JumeirahAED 1.09B227
Jabal Ali FirstAED 1.04B581
Al Thanyah FifthAED 895.90M504
Dubai Investment Park FirstAED 826.10M239
Al Barsha South FourthAED 786.66M486

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 2432+468.4%
Al Barshaa South Third245+265.7%
Al Yelayiss 1189+166.2%
Al Barsha South Fifth208+121.3%
Dubai Investment Park Second223+95.6%
Nadd Hessa549+73.7%
Saih Shuaib 198-71.5%
Burj Khalifa241-69.4%
Al Goze Fourth52-57.0%
Al Hebiah Third112+53.4%

The largest sales of Q4 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
12 Oct 2016Al Barshaa South Second—BuildingExisting PropertiesNot specified931,745 sqftAED 378/sqftAED 352,418,503
1 Nov 2016Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified189,792 sqftAED 1,054/sqftAED 200,000,000
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

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.