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Quarterly report

Dubai property market — Q3 2017

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2017. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales10,768Registered in Q3 2017up9.4% vs a year earlier
Total valueAED 25.22BRegistered in Q3 2017Across 126 communities
Price per sqftAED 1,043/sqftMedian across Q3 2017up2.7% vs a year earlier
Sale priceAED 1.20MMedian across Q3 201754% sold off-plan

In a sentence

The Land Department registered 10,768 property sales in Q3 2017, worth AED 25.22B in total, across 126 communities. That is 9% more than the same quarter a year earlier.

The median sale was AED 1,204,444 at AED 1,043/sqft, 2.7% above the same quarter last year. 54% of sales were off-plan.

Business Bay was the busiest community with 975 registered sales, and also took the most money at AED 2.17B.

Against the previous quarter, Hadaeq Sheikh Mohammed Bin Rashid rose 427% to 722 sales, while Al Yufrah 3 fell 68% to 91.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q3 2017, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay975+37.7%AED 2.17BAED 1.11MAED 1,540/sqft60%
Madinat Al Mataar852+174.8%AED 694.73MAED 764KAED 754/sqft97%
Al Barsha South Fourth801-12.3%AED 931.37MAED 785KAED 975/sqft73%
Hadaeq Sheikh Mohammed Bin Rashid722+427.0%AED 1.59BAED 1.48MAED 1,264/sqft85%
Marsa Dubai700-22.1%AED 1.77BAED 1.60MAED 1,576/sqft37%
Burj Khalifa534+81.0%AED 1.67BAED 2.50MAED 2,316/sqft73%
Jabal Ali First430-37.6%AED 389.51MAED 700KAED 971/sqft35%
Al Warsan First374-13.6%AED 289.23MAED 440KAED 712/sqft7%
Al Thanyah Fifth367-10.0%AED 659.00MAED 1.15MAED 1,034/sqft2%
Al Khairan First360+104.5%AED 639.13MAED 1.55MAED 1,464/sqft100%
Al Hebiah Fourth303-14.6%AED 294.70MAED 695KAED 939/sqft39%
Al Yelayiss 2294-22.2%AED 336.02MAED 1.19MAED 908/sqft100%
Zaabeel Second286+281.3%AED 583.04MAED 1.96MAED 1,798/sqft100%
Al Barsha South Fifth278-18.0%AED 268.60MAED 619KAED 1,034/sqft81%
Al Barshaa South Third273-16.0%AED 273.40MAED 545KAED 1,079/sqft90%

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 2.17B975
Marsa DubaiAED 1.77B700
Burj KhalifaAED 1.67B534
Hadaeq Sheikh Mohammed Bin RashidAED 1.59B722
Palm JumeirahAED 1.04B203
Al Barsha South FourthAED 931.37M801
Wadi Al Safa 4AED 850.00M1
Al MerkadhAED 739.48M126
Madinat Al MataarAED 694.73M852
Nadd HessaAED 677.67M259

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Hadaeq Sheikh Mohammed Bin Rashid722+427.0%
Zaabeel Second286+281.3%
Madinat Al Mataar852+174.8%
Al Khairan First360+104.5%
Burj Khalifa534+81.0%
Al Yufrah 391-68.2%
Al Wasl56-65.0%
Al Yelayiss 193-56.3%
Al Yufrah 2258-54.7%
Wadi Al Safa 2173+46.6%

The largest sales of Q3 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
27 Sept 2017Wadi Al Safa 4—Global VillageBuildingExisting PropertiesNot specified2,200,011 sqftAED 386/sqftAED 850,000,000
21 Aug 2017Business BayPeninsula FiveBusiness BayLandExisting PropertiesNot specified1,285,188 sqftAED 622/sqftAED 800,000,000
20 Sept 2017Marsa DubaiBEACH VISTADubai HarbourBuildingExisting PropertiesNot specified68,889 sqftAED 5,109/sqftAED 351,973,758
10 Aug 2017Nad Al Shiba FirstTONINO LAMBORGHINI RESIDENCESMeydan Racecourse CommunityBuildingExisting PropertiesNot specified291,920 sqftAED 721/sqftAED 210,615,811
31 Jul 2017Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified635,684 sqftAED 315/sqftAED 200,000,000
22 Aug 2017Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified6,894,723 sqftAED 27/sqftAED 188,483,993
7 Sept 2017Al Merkadh—SOBHA HARTLANDBuildingExisting PropertiesNot specified196,890 sqftAED 855/sqftAED 168,250,000
10 Jul 2017Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified63,644 sqftAED 2,483/sqftAED 158,000,000
24 Aug 2017Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified143,818 sqftAED 904/sqftAED 130,000,000
11 Sept 2017Palm JumeirahONE AT PALM JUMEIRAHPalm JumeirahFlatOff-Plan Properties5 B/R29,994 sqftAED 3,401/sqftAED 102,000,000

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.