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Monthly report

Dubai property market — November 2017

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

Sales3,159Registered in November 2017down14.3% vs a year earlier
Total valueAED 7.79BRegistered in November 2017Across 89 communities
Price per sqftAED 1,025/sqftMedian across November 2017up18% vs a year earlier
Sale priceAED 1.07MMedian across November 201745% sold off-plan

In a sentence

The Land Department registered 3,159 property sales in November 2017, worth AED 7.79B in total, across 89 communities. That is 14% fewer than the same month a year earlier.

The median sale was AED 1,067,719 at AED 1,025/sqft, 18% above the same month last year. 45% of sales were off-plan.

Business Bay was the busiest community with 283 registered sales, while Marsa Dubai took the most money at AED 790.70M.

Against the previous month, Al Hebiah Third rose 127% to 152 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 80% to 50.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay283+38.0%AED 580.98MAED 1.02MAED 1,463/sqft58%
Al Barsha South Fourth264+36.1%AED 262.53MAED 736KAED 976/sqft73%
Marsa Dubai233+4.5%AED 790.70MAED 1.56MAED 1,564/sqft27%
Jabal Ali First202+4.7%AED 173.51MAED 603KAED 1,202/sqft61%
Al Warsan First177-12.4%AED 116.17MAED 437KAED 650/sqft6%
Al Hebiah Third152+126.9%AED 203.47MAED 676KAED 1,301/sqft61%
Al Thanyah Fifth112-11.8%AED 217.89MAED 1.25MAED 936/sqft4%
Al Hebiah Fourth99-28.8%AED 84.13MAED 623KAED 939/sqft41%
Palm Jumeirah95+14.5%AED 311.13MAED 2.15MAED 2,270/sqft49%
Burj Khalifa91-26.6%AED 281.49MAED 2.38MAED 2,118/sqft29%
Al Jadaf83-9.8%AED 273.49MAED 649KAED 1,571/sqft77%
Nadd Hessa78+2.6%AED 217.03MAED 576KAED 728/sqft13%
Madinat Al Mataar77-79.5%AED 61.84MAED 554KAED 850/sqft82%
Al Yufrah 275+47.1%AED 105.78MAED 1.30MAED 853/sqft0%
Wadi Al Safa 273-53.2%AED 95.20MAED 709KAED 500/sqft41%

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
Marsa DubaiAED 790.70M233
Business BayAED 580.98M283
Wadi Al Safa 3AED 450.69M39
Jabal Ali Industrial FirstAED 402.73M6
Palm JumeirahAED 311.13M95
Al SatwaAED 299.29M16
Burj KhalifaAED 281.49M91
Al JadafAED 273.49M83
Al Barsha South FourthAED 262.53M264
Al MerkadhAED 248.73M53

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 Hebiah Third152+126.9%
Hadaeq Sheikh Mohammed Bin Rashid50-79.7%
Madinat Al Mataar77-79.5%
Wadi Al Safa 273-53.2%
Al Khairan First62-47.9%
Jabal Ali Industrial Second56-47.2%
Al Yufrah 275+47.1%
Business Bay283+38.0%
Al Barsha South Fourth264+36.1%
Al Hebiah Fourth99-28.8%

The largest sales of November 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
28 Nov 2017Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTLandExisting PropertiesNot specified1,500,039 sqftAED 250/sqftAED 375,000,000
16 Nov 2017Wadi Al Safa 3—Mohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified563,949 sqftAED 621/sqftAED 350,000,000
23 Nov 2017Marsa DubaiSUNRISE BAYDubai HarbourBuildingExisting PropertiesNot specified68,889 sqftAED 4,860/sqftAED 334,808,623
6 Nov 2017Business BayURBAN OASISBusiness BayBuildingExisting PropertiesNot specified59,903 sqftAED 2,508/sqftAED 150,237,780
13 Nov 2017Al Muteena—BuildingExisting PropertiesNot specified21,248 sqftAED 4,706/sqftAED 100,000,000
28 Nov 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified133,682 sqftAED 691/sqftAED 92,422,516
9 Nov 2017Al Nahda Second—LandExisting PropertiesNot specified57,519 sqftAED 1,200/sqftAED 69,022,800
27 Nov 2017Al JadafBinghatti AvenueDubai Health Care City Phase 2BuildingExisting PropertiesNot specified84,331 sqftAED 805/sqftAED 67,900,000
28 Nov 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified97,655 sqftAED 691/sqftAED 67,515,013
28 Nov 2017Me'Aisem First—International Media Production ZoneBuildingExisting PropertiesNot specified110,743 sqftAED 580/sqftAED 64,241,712

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.