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Monthly report

Dubai property market — February 2018

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

Sales2,801Registered in February 2018down33.1% vs a year earlier
Total valueAED 6.35BRegistered in February 2018Across 97 communities
Price per sqftAED 1,177/sqftMedian across February 2018up17.5% vs a year earlier
Sale priceAED 906KMedian across February 201852% sold off-plan

In a sentence

The Land Department registered 2,801 property sales in February 2018, worth AED 6.35B in total, across 97 communities. That is 33% fewer than the same month a year earlier.

The median sale was AED 906,000 at AED 1,177/sqft, 17.5% above the same month last year. 52% of sales were off-plan.

Business Bay was the busiest community with 358 registered sales, and also took the most money at AED 1.06B.

Against the previous month, Business Bay rose 38% to 358 sales, while Al Yelayiss 2 fell 44% to 74.

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 February 2018, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay358+38.2%AED 1.06BAED 797KAED 1,534/sqft86%
Al Barsha South Fourth228+15.2%AED 303.67MAED 693KAED 969/sqft76%
Marsa Dubai214-21.3%AED 397.29MAED 1.60MAED 1,606/sqft38%
Al Merkadh182-24.2%AED 153.41MAED 568KAED 1,475/sqft98%
Al Warsan First149-13.4%AED 128.36MAED 425KAED 671/sqft0%
Al Hebiah Fourth138+10.4%AED 161.90MAED 700KAED 977/sqft7%
Jabal Ali First121-14.8%AED 103.46MAED 548KAED 1,302/sqft60%
Al Kifaf101+146.3%AED 224.38MAED 1.92MAED 1,245/sqft100%
Al Thanyah Fifth92-36.6%AED 123.74MAED 855KAED 967/sqft5%
Palm Jumeirah88+17.3%AED 257.32MAED 2.03MAED 2,043/sqft44%
Al Yelayiss 274-43.5%AED 73.36MAED 671KAED 1,093/sqft81%
Nadd Hessa72-5.3%AED 50.91MAED 544KAED 748/sqft33%
Burj Khalifa67-22.1%AED 223.92MAED 2.05MAED 1,975/sqft46%
Madinat Al Mataar66-1.5%AED 156.12MAED 554KAED 914/sqft92%
Me'Aisem First59-3.3%AED 106.25MAED 825KAED 920/sqft25%

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 1.06B358
Marsa DubaiAED 397.29M214
Al Barsha South FourthAED 303.67M228
Palm JumeirahAED 257.32M88
Al KifafAED 224.38M101
Burj KhalifaAED 223.92M67
Al Safouh SecondAED 180.00M1
Al Hebiah FourthAED 161.90M138
Madinat Al MataarAED 156.12M66
Al MerkadhAED 153.41M182

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 Yelayiss 274-43.5%
Business Bay358+38.2%
Al Thanyah Fifth92-36.6%
Al Merkadh182-24.2%
Burj Khalifa67-22.1%
Marsa Dubai214-21.3%
Palm Jumeirah88+17.3%
Al Barsha South Fourth228+15.2%
Jabal Ali First121-14.8%
Al Warsan First149-13.4%

The largest sales of February 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
19 Feb 2018Business BayAvarra by PalaceBusiness BayLandExisting PropertiesNot specified56,937 sqftAED 7,904/sqftAED 450,000,000
26 Feb 2018Al Safouh SecondCAVALLI CASA TOWERSite ALandExisting PropertiesNot specified163,767 sqftAED 1,099/sqftAED 180,000,000
8 Feb 2018Business Bay—Business BayLandExisting PropertiesNot specified64,586 sqftAED 2,168/sqftAED 140,000,000
22 Feb 2018Al Barsha South FourthElitz 2 By DanubeJumeirah Village CircleLandExisting PropertiesNot specified66,504 sqftAED 1,804/sqftAED 120,000,000
20 Feb 2018Business BayRegent Residences Dubai Sankari PlaceBusiness BayLandExisting PropertiesNot specified82,288 sqftAED 1,362/sqftAED 112,100,000
7 Feb 2018Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified293,706 sqftAED 340/sqftAED 100,000,000
5 Feb 2018Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified165,431 sqftAED 576/sqftAED 95,288,358
7 Feb 2018Mirdif—LandExisting PropertiesNot specified104,942 sqftAED 572/sqftAED 60,000,000
20 Feb 2018Island 2BV RESIDENCESJumeira BayFlatOff-Plan Properties4 B/R14,331 sqftAED 4,187/sqftAED 60,000,000
1 Feb 2018Saih Shuaib 2—LandExisting PropertiesNot specified661,219 sqftAED 86/sqftAED 56,534,225

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.