← All reports

Monthly report

Dubai property market — May 2017

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

Sales4,333Registered in May 2017up23.2% vs a year earlier
Total valueAED 10.57BRegistered in May 2017Across 120 communities
Price per sqftAED 952/sqftMedian across May 2017down1.9% vs a year earlier
Sale priceAED 1.16MMedian across May 201740% sold off-plan

In a sentence

The Land Department registered 4,333 property sales in May 2017, worth AED 10.57B in total, across 120 communities. That is 23% more than the same month a year earlier.

The median sale was AED 1,157,000 at AED 952/sqft, 1.9% below the same month last year. 40% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 446 registered sales, while Palm Jumeirah took the most money at AED 700.15M.

Against the previous month, Al Barsha South Fourth rose 64% to 446 sales, while Al Wasl fell 36% to 58.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth446+64.0%AED 491.00MAED 754KAED 933/sqft73%
Marsa Dubai344+0.3%AED 631.12MAED 1.58MAED 1,567/sqft34%
Business Bay297+23.2%AED 451.51MAED 1.21MAED 1,575/sqft61%
Al Yufrah 2247+7.9%AED 301.57MAED 1.07MAED 850/sqft0%
Jabal Ali First219-20.7%AED 295.81MAED 554KAED 1,160/sqft63%
Al Thanyah Fifth183+44.1%AED 255.84MAED 1.04MAED 1,007/sqft5%
Al Warsan First168-2.3%AED 132.80MAED 460KAED 711/sqft8%
Madinat Al Mataar149+34.2%AED 239.78MAED 845KAED 723/sqft96%
Al Yelayiss 2132-6.4%AED 156.02MAED 1.27MAED 728/sqft100%
Me'Aisem First132+10.9%AED 303.90MAED 855KAED 981/sqft21%
Al Barsha South Fifth121-14.2%AED 126.45MAED 659KAED 1,434/sqft79%
Al Barshaa South Third121-11.0%AED 97.59MAED 505KAED 1,089/sqft85%
Al Hebiah Fourth120+3.4%AED 108.61MAED 639KAED 938/sqft37%
Burj Khalifa118+5.4%AED 411.97MAED 2.27MAED 1,970/sqft37%
Nadd Hessa117+4.5%AED 203.98MAED 600KAED 866/sqft18%

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
Palm JumeirahAED 700.15M97
Marsa DubaiAED 631.12M344
Al Barsha South FourthAED 491.00M446
Business BayAED 451.51M297
Burj KhalifaAED 411.97M118
Al JadafAED 383.02M48
Dubai Investment Park SecondAED 304.41M13
Me'Aisem FirstAED 303.90M132
Al Yufrah 2AED 301.57M247
Jabal Ali FirstAED 295.81M219

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 Barsha South Fourth446+64.0%
Al Thanyah Fifth183+44.1%
Al Wasl58-35.6%
Madinat Al Mataar149+34.2%
Business Bay297+23.2%
Jabal Ali First219-20.7%
Al Yelayiss 186+16.2%
Al Barsha South Fifth121-14.2%
Palm Jumeirah97-14.2%
Al Yufrah 3113-13.7%

The largest sales of May 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
10 May 2017Palm JumeirahOCEAN HOUSEPalm JumeirahLandExisting PropertiesNot specified120,327 sqftAED 2,718/sqftAED 327,000,000
1 May 2017Al Merkadh—SOBHA HARTLANDBuildingExisting PropertiesNot specified196,890 sqftAED 855/sqftAED 168,250,000
29 May 2017Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified510,695 sqftAED 245/sqftAED 125,000,000
29 May 2017Wadi Al Safa 5—Dubai Land Residence ComplexLandExisting PropertiesNot specified29,992 sqftAED 4,001/sqftAED 120,000,000
23 May 2017Al JadafFarhad Azizi ResidenceDubai Health Care City Phase 2BuildingExisting PropertiesNot specified86,392 sqftAED 1,364/sqftAED 117,830,753
25 May 2017Nadd HessaSelicon Star 2Silicon OasisBuildingExisting PropertiesNot specified49,714 sqftAED 2,012/sqftAED 100,000,000
22 May 2017Al Nahda Second—BuildingExisting PropertiesNot specified26,470 sqftAED 3,400/sqftAED 90,000,000
15 May 2017Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified46,211 sqftAED 1,948/sqftAED 90,000,000
23 May 2017Al JadafFawad Azizi ResidenceDubai Health Care City Phase 2BuildingExisting PropertiesNot specified59,500 sqftAED 1,401/sqftAED 83,331,190
1 May 2017Al Mamzer—LandExisting PropertiesNot specified139,167 sqftAED 596/sqftAED 82,900,025

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.