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Quarterly report

Dubai property market — Q4 2017

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2017. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales10,697Registered in Q4 2017up5.3% vs a year earlier
Total valueAED 25.97BRegistered in Q4 2017Across 126 communities
Price per sqftAED 1,027/sqftMedian across Q4 2017up12.4% vs a year earlier
Sale priceAED 1.08MMedian across Q4 201749% sold off-plan

In a sentence

The Land Department registered 10,697 property sales in Q4 2017, worth AED 25.97B in total, across 126 communities. That is 5% more than the same quarter a year earlier.

The median sale was AED 1,084,000 at AED 1,027/sqft, 12.4% above the same quarter last year. 49% of sales were off-plan.

Business Bay was the busiest community with 848 registered sales, while Marsa Dubai took the most money at AED 1.71B.

Against the previous quarter, Al Hebiah Third rose 266% to 337 sales, while Zaabeel Second fell 73% to 76.

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 Q4 2017, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay848-13.0%AED 1.37BAED 1.07MAED 1,448/sqft55%
Marsa Dubai697-0.4%AED 1.71BAED 1.54MAED 1,520/sqft29%
Al Barsha South Fourth661-17.5%AED 772.79MAED 750KAED 975/sqft67%
Jabal Ali First578+34.4%AED 503.75MAED 564KAED 1,279/sqft70%
Al Warsan First559+49.5%AED 369.32MAED 400KAED 670/sqft8%
Madinat Al Mataar488-42.7%AED 439.42MAED 783KAED 734/sqft93%
Hadaeq Sheikh Mohammed Bin Rashid419-42.0%AED 1.13BAED 2.17MAED 1,010/sqft63%
Al Thanyah Fifth411+12.0%AED 747.81MAED 1.23MAED 1,000/sqft5%
Al Hebiah Fourth363+19.8%AED 304.05MAED 605KAED 976/sqft45%
Burj Khalifa344-35.6%AED 1.07BAED 2.29MAED 2,069/sqft49%
Al Hebiah Third337+266.3%AED 502.88MAED 705KAED 1,293/sqft58%
Al Merkadh323+156.3%AED 621.50MAED 623KAED 1,458/sqft93%
Al Khairan First313-13.1%AED 592.05MAED 1.74MAED 1,697/sqft100%
Al Yelayiss 2289-1.7%AED 353.97MAED 1.30MAED 803/sqft84%
Wadi Al Safa 2276+59.5%AED 309.77MAED 643KAED 500/sqft42%

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 1.71B697
Business BayAED 1.37B848
Palm JumeirahAED 1.29B272
Hadaeq Sheikh Mohammed Bin RashidAED 1.13B419
Burj KhalifaAED 1.07B344
Al Barsha South FourthAED 772.79M661
Wadi Al Safa 3AED 759.17M122
Island 2AED 759.08M58
Al Thanyah FifthAED 747.81M411
Al MerkadhAED 621.50M323

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
Al Hebiah Third337+266.3%
Al Merkadh323+156.3%
Al Jadaf223+90.6%
Zaabeel Second76-73.4%
Wadi Al Safa 2276+59.5%
Al Warsan First559+49.5%
Wadi Al Safa 3122+48.8%
Al Barshaa South Third148-45.8%
Al Barsha South Fifth154-44.6%
Al Thanyah First95+43.9%

The largest sales of Q4 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
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
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
21 Dec 2017AL QUSAIS—BuildingExisting PropertiesNot specified278,121 sqftAED 719/sqftAED 200,000,000
17 Oct 2017Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified1,156,544 sqftAED 139/sqftAED 160,693,234
21 Dec 2017Zaabeel Second—Business ParkLandExisting PropertiesNot specified93,758 sqftAED 1,710/sqftAED 160,325,592

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.