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Monthly report

Dubai property market — May 2018

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

Sales3,379Registered in May 2018down22% vs a year earlier
Total valueAED 7.95BRegistered in May 2018Across 96 communities
Price per sqftAED 1,107/sqftMedian across May 2018up16.3% vs a year earlier
Sale priceAED 1.01MMedian across May 201855% sold off-plan

In a sentence

The Land Department registered 3,379 property sales in May 2018, worth AED 7.95B in total, across 96 communities. That is 22% fewer than the same month a year earlier.

The median sale was AED 1,010,585 at AED 1,107/sqft, 16.3% above the same month last year. 55% of sales were off-plan.

Al Merkadh was the busiest community with 320 registered sales, and also took the most money at AED 632.91M.

Against the previous month, Al Merkadh rose 86% to 320 sales, while Al Hebiah Fourth fell 36% to 88.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh320+86.0%AED 632.91MAED 588KAED 1,457/sqft97%
Business Bay311+11.9%AED 388.83MAED 929KAED 1,464/sqft80%
Marsa Dubai293+29.1%AED 555.03MAED 1.55MAED 1,530/sqft46%
Al Barsha South Fourth242+61.3%AED 340.08MAED 730KAED 916/sqft62%
Jabal Ali First138+70.4%AED 224.12MAED 631KAED 907/sqft19%
Burj Khalifa131+15.9%AED 416.10MAED 1.88MAED 1,880/sqft56%
Al Warsan First122-19.7%AED 81.00MAED 385KAED 579/sqft1%
Al Yelayiss 2121+218.4%AED 160.19MAED 1.37MAED 675/sqft94%
Al Thanyah Fifth111-0.9%AED 178.12MAED 1.03MAED 900/sqft1%
Palm Jumeirah108+30.1%AED 449.54MAED 2.12MAED 1,980/sqft36%
Madinat Al Mataar106+20.5%AED 62.19MAED 508KAED 907/sqft96%
Al Barshaa South Third93+190.6%AED 68.49MAED 503KAED 1,155/sqft82%
Hadaeq Sheikh Mohammed Bin Rashid93-4.1%AED 203.62MAED 1.85MAED 1,249/sqft82%
Nadd Hessa89+36.9%AED 56.78MAED 525KAED 708/sqft28%
Al Hebiah Fourth88-35.8%AED 71.91MAED 560KAED 903/sqft18%

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
Al MerkadhAED 632.91M320
Marsa DubaiAED 555.03M293
Wadi Al Safa 5AED 487.79M24
Palm JumeirahAED 449.54M108
Burj KhalifaAED 416.10M131
Business BayAED 388.83M311
Al Barsha South FourthAED 340.08M242
Al Qusais Industrial SecondAED 255.00M1
Al SatwaAED 236.09M3
Al RegaAED 230.00M1

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 Merkadh320+86.0%
Jabal Ali First138+70.4%
Al Barsha South Fourth242+61.3%
Nadd Hessa89+36.9%
Al Hebiah Fourth88-35.8%
Al Khairan First58-33.3%
Palm Jumeirah108+30.1%
Marsa Dubai293+29.1%
Al Hebiah Third80+23.1%
Madinat Al Mataar106+20.5%

The largest sales of May 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
28 May 2018Al Qusais Industrial Second—LandExisting PropertiesNot specified199,758 sqftAED 1,277/sqftAED 255,000,000
15 May 2018Al Rega—BuildingExisting PropertiesNot specified9,698 sqftAED 23,716/sqftAED 230,000,000
22 May 2018Nad Al Shiba Third—LandExisting PropertiesNot specified1,257,699 sqftAED 180/sqftAED 226,384,740
24 May 2018Wadi Al Safa 5—Dubai Land Residence ComplexLandExisting PropertiesNot specified137,693 sqftAED 1,598/sqftAED 220,000,000
7 May 2018Al Satwa—Jumeirah Garden CityLandExisting PropertiesNot specified83,651 sqftAED 2,600/sqftAED 217,493,000
23 May 2018Al Merkadh—LandExisting PropertiesNot specified7,000,735 sqftAED 23/sqftAED 163,508,091
24 May 2018Wadi Al Safa 5Peace Lagoons by Peace HomesDubai Land Residence ComplexLandExisting PropertiesNot specified97,948 sqftAED 1,183/sqftAED 115,872,115
17 May 2018Wadi Al Safa 7—LandExisting PropertiesNot specified449,980 sqftAED 257/sqftAED 115,867,230
14 May 2018Um Suqaim Second—VillaExisting PropertiesNot specified18,960 sqftAED 5,585/sqftAED 105,900,000
24 May 2018Wadi Al Safa 5Peace Lagoons II by Peace HomesDubai Land Residence ComplexLandExisting PropertiesNot specified83,847 sqftAED 1,183/sqftAED 99,191,815

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.