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Monthly report

Dubai property market — March 2017

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

Sales4,830Registered in March 2017up66.4% vs a year earlier
Total valueAED 12.55BRegistered in March 2017Across 103 communities
Price per sqftAED 938/sqftMedian across March 2017up5.4% vs a year earlier
Sale priceAED 1.29MMedian across March 201750% sold off-plan

In a sentence

The Land Department registered 4,830 property sales in March 2017, worth AED 12.55B in total, across 103 communities. That is 66% more than the same month a year earlier.

The median sale was AED 1,293,888 at AED 938/sqft, 5.4% above the same month last year. 50% of sales were off-plan.

Marsa Dubai was the busiest community with 319 registered sales, while Al Satwa took the most money at AED 933.56M.

Against the previous month, Al Wasl rose 95% to 170 sales, while Al Khairan First fell 62% to 120.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai319+38.1%AED 576.33MAED 1.47MAED 1,624/sqft44%
Jabal Ali First284+37.9%AED 268.30MAED 653KAED 929/sqft43%
Wadi Al Safa 7280+1.1%AED 485.49MAED 1.55MAED 721/sqft93%
Al Barsha South Fourth246+33.7%AED 328.47MAED 762KAED 875/sqft55%
Al Yelayiss 2246+7.0%AED 300.51MAED 1.30MAED 649/sqft100%
Business Bay224+23.8%AED 771.34MAED 1.22MAED 1,330/sqft48%
Madinat Al Mataar204+374.4%AED 200.33MAED 957KAED 672/sqft100%
Hadaeq Sheikh Mohammed Bin Rashid189-16.7%AED 687.00MAED 2.70MAED 984/sqft60%
Al Thanyah Fifth176+20.5%AED 417.29MAED 1.25MAED 1,062/sqft9%
Zaabeel Second175+446.9%AED 364.03MAED 2.11MAED 1,862/sqft100%
Al Wasl170+95.4%AED 652.20MAED 3.26MAED 1,441/sqft59%
Burj Khalifa168-31.1%AED 582.68MAED 2.50MAED 2,168/sqft73%
Al Warsan First156+54.5%AED 180.60MAED 420KAED 662/sqft4%
Nadd Hessa152+58.3%AED 319.59MAED 616KAED 864/sqft20%
Al Hebiah Fourth142+26.8%AED 137.49MAED 710KAED 930/sqft22%

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 SatwaAED 933.56M57
Business BayAED 771.34M224
Hadaeq Sheikh Mohammed Bin RashidAED 687.00M189
Al WaslAED 652.20M170
Burj KhalifaAED 582.68M168
Marsa DubaiAED 576.33M319
Wadi Al Safa 7AED 485.49M280
Saih Shuaib 3AED 454.27M7
Al Thanyah FifthAED 417.29M176
MankhoolAED 415.00M3

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 Wasl170+95.4%
Al Khairan First120-62.4%
Nadd Hessa152+58.3%
Al Warsan First156+54.5%
Al Yufrah 280+53.8%
Al Barshaa South Third66-41.1%
Marsa Dubai319+38.1%
Jabal Ali First284+37.9%
Wadi Al Safa 392-37.0%
Al Barsha South Fourth246+33.7%

The largest sales of March 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
15 Mar 2017Mankhool—BuildingExisting PropertiesNot specified51,526 sqftAED 5,279/sqftAED 272,000,000
1 Mar 2017Saih Shuaib 3—Dubai Industrial CityLandExisting PropertiesNot specified400,000 sqftAED 634/sqftAED 253,660,897
28 Mar 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified43,618 sqftAED 4,127/sqftAED 180,000,000
16 Mar 2017Al Goze Industrial Third—BuildingExisting PropertiesNot specified479,668 sqftAED 351/sqftAED 168,125,813
14 Mar 2017Al Safouh Second—Site ABuildingExisting PropertiesNot specified33,768 sqftAED 3,761/sqftAED 127,000,000
8 Mar 2017Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified2,999,997 sqftAED 34/sqftAED 100,894,521
13 Mar 2017Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified43,143 sqftAED 1,970/sqftAED 85,000,000
15 Mar 2017Mankhool—BuildingExisting PropertiesNot specified35,454 sqftAED 2,341/sqftAED 83,000,000
1 Mar 2017Saih Shuaib 4—Dubai Industrial CityBuildingExisting PropertiesNot specified666,250 sqftAED 117/sqftAED 77,851,199
21 Mar 2017Business Bay—Business BayLandExisting PropertiesNot specified60,326 sqftAED 1,230/sqftAED 74,201,180

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.