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Monthly report

Dubai property market — January 2018

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2018. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales3,210Registered in January 2018down28.2% vs a year earlier
Total valueAED 6.71BRegistered in January 2018Across 94 communities
Price per sqftAED 1,119/sqftMedian across January 2018up17% vs a year earlier
Sale priceAED 1.11MMedian across January 201849% sold off-plan

In a sentence

The Land Department registered 3,210 property sales in January 2018, worth AED 6.71B in total, across 94 communities. That is 28% fewer than the same month a year earlier.

The median sale was AED 1,109,020 at AED 1,119/sqft, 17% above the same month last year. 49% of sales were off-plan.

Marsa Dubai was the busiest community with 272 registered sales, and also took the most money at AED 502.30M.

Against the previous month, Al Thanyah Third rose 15% to 60 sales, while Al Hebiah Third fell 58% 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 January 2018, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai272+12.9%AED 502.30MAED 1.55MAED 1,615/sqft37%
Business Bay259-28.1%AED 336.09MAED 1.25MAED 1,667/sqft63%
Al Merkadh240+4.3%AED 244.08MAED 567KAED 1,477/sqft98%
Al Barsha South Fourth198-2.5%AED 381.11MAED 790KAED 983/sqft70%
Al Warsan First172-4.4%AED 183.38MAED 543KAED 768/sqft0%
Al Thanyah Fifth145-15.7%AED 224.01MAED 1.02MAED 850/sqft4%
Jabal Ali First142-22.4%AED 104.62MAED 554KAED 1,279/sqft65%
Al Khairan First138+4.5%AED 281.09MAED 1.81MAED 1,889/sqft100%
Al Yelayiss 2131-2.2%AED 129.36MAED 800KAED 985/sqft86%
Al Hebiah Fourth1250.0%AED 139.14MAED 760KAED 990/sqft8%
Burj Khalifa86-33.3%AED 238.26MAED 2.33MAED 1,992/sqft51%
Nadd Hessa76+7.0%AED 47.76MAED 578KAED 873/sqft18%
Hadaeq Sheikh Mohammed Bin Rashid75-39.0%AED 175.16MAED 1.91MAED 1,321/sqft95%
Palm Jumeirah75-20.2%AED 223.38MAED 2.11MAED 1,128/sqft17%
Madinat Al Mataar67+86.1%AED 45.10MAED 536KAED 877/sqft99%

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 502.30M272
Al Barsha South FourthAED 381.11M198
Business BayAED 336.09M259
Ras Al Khor Industrial FirstAED 318.38M1
Al Khairan FirstAED 281.09M138
Al MerkadhAED 244.08M240
Burj KhalifaAED 238.26M86
Al Thanyah FifthAED 224.01M145
Palm JumeirahAED 223.38M75
Al Warsan FirstAED 183.38M172

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 Third50-57.6%
Hadaeq Sheikh Mohammed Bin Rashid75-39.0%
Burj Khalifa86-33.3%
Me'Aisem First61-28.2%
Business Bay259-28.1%
Jabal Ali First142-22.4%
Palm Jumeirah75-20.2%
Al Thanyah Fifth145-15.7%
Al Thanyah Third60+15.4%
Marsa Dubai272+12.9%

The largest sales of January 2018

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
3 Jan 2018Ras Al Khor Industrial First—LandExisting PropertiesNot specified50,029 sqftAED 6,364/sqftAED 318,375,000
15 Jan 2018Muhaisanah Fourth—BuildingExisting PropertiesNot specified28,355 sqftAED 2,292/sqftAED 65,000,000
23 Jan 2018Al Barsha Third—LandExisting PropertiesNot specified50,000 sqftAED 1,200/sqftAED 60,000,000
9 Jan 2018Me'Aisem FirstJUMEIRAH GOLF ESTATESJumeirah Golf EstatesLandExisting PropertiesNot specified435,641 sqftAED 124/sqftAED 53,983,560
24 Jan 2018Al Barsha South FourthElitz 2 By DanubeJumeirah Village CircleLandExisting PropertiesNot specified66,504 sqftAED 762/sqftAED 50,700,000
25 Jan 2018Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTBuildingExisting PropertiesNot specified20,000 sqftAED 2,475/sqftAED 49,500,000
31 Jan 2018Al Barsha First—BuildingExisting PropertiesNot specified13,253 sqftAED 3,488/sqftAED 46,220,000
2 Jan 2018Mankhool—BuildingExisting PropertiesNot specified8,010 sqftAED 5,243/sqftAED 42,000,000
11 Jan 2018Bukadra—LandExisting PropertiesNot specified36,664 sqftAED 1,136/sqftAED 41,660,980
4 Jan 2018Saih Shuaib 2—LandExisting PropertiesNot specified408,413 sqftAED 80/sqftAED 32,570,945

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.