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Monthly report

Dubai property market — December 2017

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

Sales3,726Registered in December 2017up14.4% vs a year earlier
Total valueAED 8.93BRegistered in December 2017Across 99 communities
Price per sqftAED 1,094/sqftMedian across December 2017up15% vs a year earlier
Sale priceAED 1.16MMedian across December 201747% sold off-plan

In a sentence

The Land Department registered 3,726 property sales in December 2017, worth AED 8.93B in total, across 99 communities. That is 14% more than the same month a year earlier.

The median sale was AED 1,163,869 at AED 1,094/sqft, 15% above the same month last year. 47% of sales were off-plan.

Business Bay was the busiest community with 360 registered sales, while Island 2 took the most money at AED 711.92M.

Against the previous month, Al Merkadh rose 334% to 230 sales, while Al Barsha South Fourth fell 23% to 203.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay360+27.2%AED 450.23MAED 1.12MAED 1,452/sqft57%
Marsa Dubai241+3.4%AED 509.72MAED 1.60MAED 1,550/sqft27%
Al Merkadh230+334.0%AED 281.44MAED 588KAED 1,450/sqft97%
Al Barsha South Fourth203-23.1%AED 243.02MAED 750KAED 961/sqft67%
Jabal Ali First183-9.4%AED 133.03MAED 547KAED 1,319/sqft75%
Al Warsan First180+1.7%AED 125.37MAED 358KAED 710/sqft2%
Al Thanyah Fifth172+53.6%AED 267.67MAED 1.23MAED 998/sqft3%
Al Yelayiss 2134+97.1%AED 161.52MAED 1.30MAED 821/sqft83%
Al Khairan First132+112.9%AED 266.22MAED 1.90MAED 2,002/sqft100%
Burj Khalifa129+41.8%AED 396.01MAED 2.34MAED 2,158/sqft53%
Al Hebiah Fourth125+26.3%AED 108.78MAED 650KAED 939/sqft37%
Hadaeq Sheikh Mohammed Bin Rashid123+146.0%AED 327.16MAED 2.11MAED 1,063/sqft64%
Al Hebiah Third118-22.4%AED 173.84MAED 622KAED 1,300/sqft64%
Al Yufrah 2104+38.7%AED 143.58MAED 1.30MAED 909/sqft0%
Palm Jumeirah94-1.1%AED 326.57MAED 2.03MAED 1,541/sqft24%

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
Island 2AED 711.92M56
Marsa DubaiAED 509.72M241
Nad Al Shiba FirstAED 459.97M24
Business BayAED 450.23M360
Burj KhalifaAED 396.01M129
Hadaeq Sheikh Mohammed Bin RashidAED 327.16M123
Palm JumeirahAED 326.57M94
Al MerkadhAED 281.44M230
Al Thanayah FourthAED 280.77M45
Al Thanyah FifthAED 267.67M172

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 Merkadh230+334.0%
Hadaeq Sheikh Mohammed Bin Rashid123+146.0%
Al Khairan First132+112.9%
Al Yelayiss 2134+97.1%
Al Thanyah Fifth172+53.6%
Burj Khalifa129+41.8%
Al Yufrah 2104+38.7%
Business Bay360+27.2%
Al Hebiah Fourth125+26.3%
Al Barsha South Fourth203-23.1%

The largest sales of December 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
26 Dec 2017Nad Al Shiba First—Meydan Racecourse CommunityLandExisting PropertiesNot specified639,332 sqftAED 661/sqftAED 422,318,027
21 Dec 2017AL QUSAIS—BuildingExisting PropertiesNot specified278,121 sqftAED 719/sqftAED 200,000,000
21 Dec 2017Zaabeel Second—Business ParkLandExisting PropertiesNot specified93,758 sqftAED 1,710/sqftAED 160,325,592
26 Dec 2017Mankhool—LandExisting PropertiesNot specified67,245 sqftAED 2,000/sqftAED 134,489,900
4 Dec 2017Al Barsha First—BuildingExisting PropertiesNot specified22,741 sqftAED 5,761/sqftAED 131,000,000
14 Dec 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified43,374 sqftAED 2,499/sqftAED 108,370,000
13 Dec 2017Al Murqabat—BuildingExisting PropertiesNot specified10,044 sqftAED 7,616/sqftAED 76,500,000
26 Dec 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified125,450 sqftAED 558/sqftAED 70,000,000
18 Dec 2017Al Barsha First—BuildingExisting PropertiesNot specified15,942 sqftAED 4,077/sqftAED 65,000,000
20 Dec 2017Wadi Al Safa 3LIVING LEGENDS PHASE 1Living LegendsBuildingExisting PropertiesNot specified394,959 sqftAED 147/sqftAED 58,000,000

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.