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Monthly report

Dubai property market — March 2018

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

Sales2,671Registered in March 2018down44.7% vs a year earlier
Total valueAED 6.11BRegistered in March 2018Across 92 communities
Price per sqftAED 1,064/sqftMedian across March 2018up13.5% vs a year earlier
Sale priceAED 1.10MMedian across March 201841% sold off-plan

In a sentence

The Land Department registered 2,671 property sales in March 2018, worth AED 6.11B in total, across 92 communities. That is 45% fewer than the same month a year earlier.

The median sale was AED 1,100,000 at AED 1,064/sqft, 13.5% above the same month last year. 41% of sales were off-plan.

Business Bay was the busiest community with 220 registered sales, while Marsa Dubai took the most money at AED 408.36M.

Against the previous month, Nadd Hessa rose 61% to 116 sales, while Business Bay fell 39% to 220.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay220-38.5%AED 358.70MAED 1.07MAED 1,502/sqft65%
Marsa Dubai216+0.9%AED 408.36MAED 1.63MAED 1,514/sqft32%
Al Barsha South Fourth186-18.4%AED 402.65MAED 788KAED 981/sqft74%
Al Merkadh175-3.8%AED 266.11MAED 591KAED 1,439/sqft96%
Al Hebiah Fourth149+8.0%AED 152.28MAED 728KAED 986/sqft9%
Al Thanyah Fifth126+37.0%AED 179.29MAED 995KAED 839/sqft3%
Nadd Hessa116+61.1%AED 109.68MAED 513KAED 669/sqft7%
Jabal Ali First115-5.0%AED 120.01MAED 620KAED 1,243/sqft50%
Al Warsan First110-26.2%AED 147.71MAED 398KAED 636/sqft0%
Burj Khalifa96+43.3%AED 375.92MAED 2.10MAED 1,852/sqft28%
Palm Jumeirah94+6.8%AED 225.49MAED 1.54MAED 1,937/sqft47%
Madinat Al Mataar79+19.7%AED 160.26MAED 458KAED 918/sqft96%
Hadaeq Sheikh Mohammed Bin Rashid77+60.4%AED 336.81MAED 2.73MAED 907/sqft52%
Al Kifaf75-25.7%AED 164.01MAED 1.92MAED 1,334/sqft100%
Al Yufrah 257+612.5%AED 79.36MAED 1.30MAED 890/sqft0%

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 408.36M216
Al Barsha South FourthAED 402.65M186
Burj KhalifaAED 375.92M96
Business BayAED 358.70M220
Hadaeq Sheikh Mohammed Bin RashidAED 336.81M77
Al MerkadhAED 266.11M175
Al Rowaiyah FirstAED 245.59M1
Palm JumeirahAED 225.49M94
Al Thanayah FourthAED 207.83M38
Al Thanyah FifthAED 179.29M126

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
Nadd Hessa116+61.1%
Burj Khalifa96+43.3%
Business Bay220-38.5%
Al Thanyah Fifth126+37.0%
Al Warsan First110-26.2%
Al Kifaf75-25.7%
Madinat Al Mataar79+19.7%
Al Barsha South Fourth186-18.4%
Me'Aisem First50-15.3%
Al Hebiah Fourth149+8.0%

The largest sales of March 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
29 Mar 2018Al Rowaiyah First—Dubai International Academic CityLandExisting PropertiesNot specified313,351 sqftAED 784/sqftAED 245,589,013
5 Mar 2018Madinat Al Mataar—Dubai South Residential DistrictLandExisting PropertiesNot specified551,951 sqftAED 213/sqftAED 117,289,750
6 Mar 2018Al Barsha South Fourth—Jumeirah Village CircleBuildingExisting PropertiesNot specified19,980 sqftAED 5,005/sqftAED 100,000,000
26 Mar 2018Wadi Al Safa 5—Dubai Land Residence ComplexLandExisting PropertiesNot specified137,693 sqftAED 712/sqftAED 98,000,000
14 Mar 2018Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified42,750 sqftAED 1,999/sqftAED 85,438,150
28 Mar 2018Al Warsan FirstLawnz Residence by DanubeInternational City Phase 1LandExisting PropertiesNot specified296,124 sqftAED 256/sqftAED 75,798,000
12 Mar 2018Business BayZADA TOWERBusiness BayBuildingExisting PropertiesNot specified56,685 sqftAED 1,323/sqftAED 75,000,000
14 Mar 2018Al Barsha South Fourth—Jumeirah Village CircleBuildingExisting PropertiesNot specified25,593 sqftAED 2,042/sqftAED 52,250,000
20 Mar 2018Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified40,178 sqftAED 1,294/sqftAED 52,000,000
20 Mar 2018Burj KhalifaIl PRIMODownTown DubaiFlatOff-Plan Properties5 B/R11,550 sqftAED 3,725/sqftAED 43,022,888

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.