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Monthly report

Dubai property market — October 2017

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

Sales3,812Registered in October 2017up18.6% vs a year earlier
Total valueAED 9.25BRegistered in October 2017Across 100 communities
Price per sqftAED 968/sqftMedian across October 2017up2.9% vs a year earlier
Sale priceAED 1.03MMedian across October 201754% sold off-plan

In a sentence

The Land Department registered 3,812 property sales in October 2017, worth AED 9.25B in total, across 100 communities. That is 19% more than the same month a year earlier.

The median sale was AED 1,034,490 at AED 968/sqft, 2.9% above the same month last year. 54% of sales were off-plan.

Madinat Al Mataar was the busiest community with 375 registered sales, while Hadaeq Sheikh Mohammed Bin Rashid took the most money at AED 669.49M.

Against the previous month, Wadi Al Safa 2 rose 189% to 156 sales, while Burj Khalifa fell 28% to 124.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Madinat Al Mataar375+98.4%AED 323.65MAED 823KAED 719/sqft96%
Hadaeq Sheikh Mohammed Bin Rashid246-15.8%AED 669.49MAED 2.20MAED 1,010/sqft63%
Marsa Dubai223+4.7%AED 412.91MAED 1.45MAED 1,448/sqft34%
Business Bay205+10.2%AED 341.64MAED 1.04MAED 1,360/sqft47%
Al Warsan First202+88.8%AED 127.78MAED 365KAED 653/sqft14%
Al Barsha South Fourth194+32.0%AED 267.24MAED 766KAED 975/sqft57%
Jabal Ali First193+183.8%AED 197.22MAED 597KAED 1,284/sqft73%
Wadi Al Safa 2156+188.9%AED 166.91MAED 628KAED 500/sqft50%
Al Hebiah Fourth139+26.4%AED 111.14MAED 600KAED 1,001/sqft54%
Al Thanyah Fifth127+53.0%AED 262.25MAED 1.19MAED 1,025/sqft9%
Burj Khalifa124-28.3%AED 388.09MAED 2.16MAED 2,006/sqft59%
Al Khairan First119+38.4%AED 206.52MAED 1.65MAED 1,512/sqft100%
Jabal Ali Industrial Second106+1414.3%AED 105.56MAED 500KAED 1,299/sqft95%
Al Jadaf92+240.7%AED 95.26MAED 631KAED 1,591/sqft86%
Al Yelayiss 287+7.4%AED 103.33MAED 1.20MAED 874/sqft95%

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 669.49M246
Palm JumeirahAED 648.02M83
Saih Shuaib 4AED 460.14M17
Marsa DubaiAED 412.91M223
Burj KhalifaAED 388.09M124
Business BayAED 341.64M205
Madinat Al MataarAED 323.65M375
Al SatwaAED 288.76M13
Al Safouh SecondAED 280.00M1
Al Barsha South FourthAED 267.24M194

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
Wadi Al Safa 2156+188.9%
Jabal Ali First193+183.8%
Madinat Al Mataar375+98.4%
Al Warsan First202+88.8%
Al Thanyah Fifth127+53.0%
Al Khairan First119+38.4%
Al Barsha South Fourth194+32.0%
Nadd Hessa76+28.8%
Burj Khalifa124-28.3%
Al Hebiah Fourth139+26.4%

The largest sales of October 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
5 Oct 2017Al Safouh Second—Site ABuildingExisting PropertiesNot specified32,864 sqftAED 8,520/sqftAED 280,000,000
30 Oct 2017Wadi Al Safa 4—LandExisting PropertiesNot specified937,466 sqftAED 275/sqftAED 257,803,425
9 Oct 2017Palm JumeirahEOMEPalm JumeirahLandExisting PropertiesNot specified671,326 sqftAED 372/sqftAED 250,000,000
17 Oct 2017Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified1,156,544 sqftAED 139/sqftAED 160,693,234
31 Oct 2017Al Thanyah First—Barsha HeightsLandExisting PropertiesNot specified29,338 sqftAED 3,172/sqftAED 93,050,000
23 Oct 2017Al Muteena—BuildingExisting PropertiesNot specified16,573 sqftAED 5,491/sqftAED 91,000,000
30 Oct 2017Al Barsha First—LandExisting PropertiesNot specified446,491 sqftAED 200/sqftAED 89,298,400
4 Oct 2017Al Barshaa South SecondBinghatti HillviewsDubai Science ParkLandExisting PropertiesNot specified63,785 sqftAED 1,120/sqftAED 71,439,200
2 Oct 2017Al Eyas—BuildingExisting PropertiesNot specified1,071,476 sqftAED 63/sqftAED 66,967,375
16 Oct 2017Madinat Dubai Almelaheyah—Dubai Maritime CityBuildingExisting PropertiesNot specified289,921 sqftAED 225/sqftAED 65,236,255

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.