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Monthly report

Dubai property market — February 2017

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2017. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales4,186Registered in February 2017down16.2% vs a year earlier
Total valueAED 10.45BRegistered in February 2017Across 93 communities
Price per sqftAED 1,002/sqftMedian across February 2017up7.7% vs a year earlier
Sale priceAED 1.35MMedian across February 201755% sold off-plan

In a sentence

The Land Department registered 4,186 property sales in February 2017, worth AED 10.45B in total, across 93 communities. That is 16% fewer than the same month a year earlier.

The median sale was AED 1,353,388 at AED 1,002/sqft, 7.7% above the same month last year. 55% of sales were off-plan.

Al Khairan First was the busiest community with 319 registered sales, while Hadaeq Sheikh Mohammed Bin Rashid took the most money at AED 792.14M.

Against the previous month, Al Khairan First rose 356% to 319 sales, while Al Wasl fell 62% to 87.

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 February 2017, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Khairan First319+355.7%AED 547.66MAED 1.57MAED 1,447/sqft100%
Wadi Al Safa 7277+290.1%AED 486.31MAED 1.58MAED 721/sqft97%
Burj Khalifa244+11.4%AED 745.12MAED 2.74MAED 2,224/sqft83%
Marsa Dubai231-37.4%AED 421.01MAED 1.54MAED 1,521/sqft30%
Al Yelayiss 2230+51.3%AED 293.79MAED 1.31MAED 639/sqft100%
Hadaeq Sheikh Mohammed Bin Rashid227+176.8%AED 792.14MAED 3.42MAED 860/sqft47%
Jabal Ali First206+16.4%AED 194.04MAED 587KAED 984/sqft60%
Al Barsha South Fourth184+6.4%AED 247.46MAED 757KAED 951/sqft60%
Business Bay181-8.1%AED 306.46MAED 1.10MAED 1,464/sqft49%
Al Thanyah Fifth146-12.0%AED 276.45MAED 1.17MAED 1,069/sqft5%
Wadi Al Safa 3146+65.9%AED 324.47MAED 2.34MAED 942/sqft70%
Al Barsha South Fifth126+35.5%AED 184.82MAED 631KAED 1,669/sqft87%
Al Yufrah 3115-54.7%AED 128.33MAED 1.00MAED 828/sqft0%
Al Barshaa South Third112-50.2%AED 99.50MAED 500KAED 1,181/sqft94%
Al Hebiah Fourth112-31.3%AED 87.69MAED 665KAED 946/sqft35%

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 792.14M227
Burj KhalifaAED 745.12M244
Al Khairan FirstAED 547.66M319
Wadi Al Safa 7AED 486.31M277
Palm JumeirahAED 428.73M88
Marsa DubaiAED 421.01M231
Saih Shuaib 4AED 410.32M9
Al Rowaiyah FirstAED 408.44M2
Al SatwaAED 371.12M19
Wadi Al Safa 3AED 324.47M146

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 Khairan First319+355.7%
Wadi Al Safa 7277+290.1%
Hadaeq Sheikh Mohammed Bin Rashid227+176.8%
Wadi Al Safa 3146+65.9%
Al Wasl87-62.2%
Al Yufrah 3115-54.7%
Al Yelayiss 2230+51.3%
Nadd Hessa96-50.8%
Al Barshaa South Third112-50.2%
Al Yufrah 252-40.9%

The largest sales of February 2017

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 Feb 2017Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified337,819 sqftAED 792/sqftAED 267,552,792
28 Feb 2017Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified2,223,845 sqftAED 88/sqftAED 196,476,794
20 Feb 2017Al Hebiah First—Motor CityBuildingExisting PropertiesNot specified114,885 sqftAED 1,306/sqftAED 150,000,000
23 Feb 2017Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified177,836 sqftAED 792/sqftAED 140,889,480
21 Feb 2017Muhaisanah Fourth—BuildingExisting PropertiesNot specified29,606 sqftAED 3,884/sqftAED 115,000,000
2 Feb 2017Saih Shuaib 2—LandExisting PropertiesNot specified755,969 sqftAED 120/sqftAED 90,716,304
16 Feb 2017Palm JumeirahMAISON MARGIELA RESIDENCESPalm JumeirahLandExisting PropertiesNot specified56,295 sqftAED 1,386/sqftAED 78,000,000
21 Feb 2017Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY- DISTRICT ONE, PHASE 1VillaExisting PropertiesNot specified32,203 sqftAED 2,030/sqftAED 65,382,850
28 Feb 2017Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified468,143 sqftAED 135/sqftAED 63,088,404
7 Feb 2017Al Barsha South FifthVOXA RESIDENCESJumeirah Village TriangleLandExisting PropertiesNot specified69,649 sqftAED 893/sqftAED 62,200,000

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.