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Monthly report

Dubai property market — August 2017

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

Sales4,226Registered in August 2017down2% vs a year earlier
Total valueAED 9.77BRegistered in August 2017Across 92 communities
Price per sqftAED 1,047/sqftMedian across August 2017up7% vs a year earlier
Sale priceAED 1.20MMedian across August 201756% sold off-plan

In a sentence

The Land Department registered 4,226 property sales in August 2017, worth AED 9.77B in total, across 92 communities. That is 2% fewer than the same month a year earlier.

The median sale was AED 1,201,000 at AED 1,047/sqft, 7% above the same month last year. 56% of sales were off-plan.

Business Bay was the busiest community with 448 registered sales, and also took the most money at AED 1.36B.

Against the previous month, Burj Khalifa rose 201% to 271 sales, while Al Barshaa South Third fell 61% to 53.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay448+31.4%AED 1.36BAED 1.06MAED 1,590/sqft57%
Madinat Al Mataar422+75.1%AED 329.01MAED 771KAED 753/sqft99%
Al Barsha South Fourth362+24.0%AED 344.33MAED 800KAED 979/sqft78%
Hadaeq Sheikh Mohammed Bin Rashid308+152.5%AED 637.44MAED 1.50MAED 1,282/sqft91%
Burj Khalifa271+201.1%AED 806.28MAED 2.67MAED 2,392/sqft82%
Marsa Dubai230-10.5%AED 463.77MAED 1.65MAED 1,488/sqft33%
Al Khairan First174+74.0%AED 296.11MAED 1.54MAED 1,440/sqft100%
Jabal Ali First171-10.5%AED 148.84MAED 700KAED 949/sqft31%
Al Warsan First163+56.7%AED 113.52MAED 430KAED 702/sqft8%
Al Thanyah Fifth121-25.8%AED 240.57MAED 1.16MAED 1,065/sqft2%
Zaabeel Second105-19.8%AED 223.29MAED 1.96MAED 1,810/sqft100%
Al Hebiah Fourth95-3.1%AED 87.40MAED 720KAED 901/sqft25%
Al Yelayiss 293-22.5%AED 108.31MAED 1.19MAED 894/sqft100%
Al Barsha South Fifth81-43.4%AED 124.45MAED 800KAED 1,005/sqft67%
Al Yufrah 279-33.1%AED 291.27MAED 1.18MAED 850/sqft0%

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
Business BayAED 1.36B448
Burj KhalifaAED 806.28M271
Hadaeq Sheikh Mohammed Bin RashidAED 637.44M308
Marsa DubaiAED 463.77M230
Nad Al Shiba FirstAED 346.28M49
Al Barsha South FourthAED 344.33M362
Madinat Al MataarAED 329.01M422
Palm JumeirahAED 302.20M65
Al Khairan FirstAED 296.11M174
Al Yufrah 2AED 291.27M79

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
Burj Khalifa271+201.1%
Hadaeq Sheikh Mohammed Bin Rashid308+152.5%
Madinat Al Mataar422+75.1%
Al Khairan First174+74.0%
Al Barshaa South Third53-61.3%
Al Warsan First163+56.7%
Al Barsha South Fifth81-43.4%
Nadd Hessa74-41.3%
Al Yufrah 279-33.1%
Business Bay448+31.4%

The largest sales of August 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
21 Aug 2017Business BayPeninsula FiveBusiness BayLandExisting PropertiesNot specified1,285,188 sqftAED 622/sqftAED 800,000,000
10 Aug 2017Nad Al Shiba FirstTONINO LAMBORGHINI RESIDENCESMeydan Racecourse CommunityBuildingExisting PropertiesNot specified291,920 sqftAED 721/sqftAED 210,615,811
22 Aug 2017Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified6,894,723 sqftAED 27/sqftAED 188,483,993
24 Aug 2017Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified143,818 sqftAED 904/sqftAED 130,000,000
28 Aug 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified28,218 sqftAED 3,189/sqftAED 90,000,000
23 Aug 2017Al Murqabat—BuildingExisting PropertiesNot specified46,714 sqftAED 1,600/sqftAED 74,742,400
1 Aug 2017Saih Aldahal—LandExisting PropertiesNot specified72,330,825 sqftAED 1/sqftAED 72,330,894
1 Aug 2017Saih Aldahal—LandExisting PropertiesNot specified72,314,343 sqftAED 1/sqftAED 72,314,412
17 Aug 2017Al Barshaa South Second—Dubai Science ParkLandExisting PropertiesNot specified137,317 sqftAED 431/sqftAED 59,121,381
21 Aug 2017Al Safouh Second—Site ABuildingExisting PropertiesNot specified41,174 sqftAED 1,366/sqftAED 56,250,000

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.