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Monthly report

Dubai property market — June 2018

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

Sales2,239Registered in June 2018down9.4% vs a year earlier
Total valueAED 6.06BRegistered in June 2018Across 78 communities
Price per sqftAED 993/sqftMedian across June 2018up4.6% vs a year earlier
Sale priceAED 1.15MMedian across June 201846% sold off-plan

In a sentence

The Land Department registered 2,239 property sales in June 2018, worth AED 6.06B in total, across 78 communities. That is 9% fewer than the same month a year earlier.

The median sale was AED 1,150,000 at AED 993/sqft, 4.6% above the same month last year. 46% of sales were off-plan.

Business Bay was the busiest community with 206 registered sales, and also took the most money at AED 1.34B.

Against the previous month, Al Goze Fourth rose 58% to 123 sales, while Al Merkadh fell 83% to 55.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay206-33.8%AED 1.34BAED 1.06MAED 1,512/sqft63%
Marsa Dubai175-40.3%AED 336.72MAED 1.57MAED 1,477/sqft32%
Al Barsha South Fourth142-41.3%AED 348.84MAED 700KAED 963/sqft68%
Al Yelayiss 2141+16.5%AED 189.73MAED 1.37MAED 668/sqft90%
Al Goze Fourth123+57.7%AED 115.79MAED 361KAED 265/sqft98%
Burj Khalifa119-9.2%AED 379.25MAED 2.56MAED 1,700/sqft60%
Al Thanyah Fifth98-11.7%AED 166.50MAED 1.05MAED 798/sqft5%
Al Warsan First87-28.7%AED 105.66MAED 374KAED 594/sqft0%
Al Barshaa South Third78-16.1%AED 44.77MAED 503KAED 1,155/sqft92%
Al Hebiah Fourth71-19.3%AED 54.79MAED 550KAED 896/sqft13%
Jabal Ali First70-49.3%AED 129.83MAED 960KAED 832/sqft10%
Nadd Hessa69-22.5%AED 80.54MAED 605KAED 702/sqft38%
Al Hebiah Third66-17.5%AED 135.19MAED 1.72MAED 1,150/sqft27%
Palm Jumeirah61-43.5%AED 243.48MAED 2.58MAED 1,838/sqft8%
Al Merkadh55-82.8%AED 514.25MAED 964KAED 1,465/sqft84%

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 1.34B206
Al MerkadhAED 514.25M55
Burj KhalifaAED 379.25M119
Al Barsha South FourthAED 348.84M142
Marsa DubaiAED 336.72M175
Palm JumeirahAED 243.48M61
Al Yelayiss 2AED 189.73M141
Dubai Investment Park FirstAED 173.11M16
Al Thanyah FifthAED 166.50M98
Al Hebiah FifthAED 143.01M23

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 Merkadh55-82.8%
Al Goze Fourth123+57.7%
Jabal Ali First70-49.3%
Palm Jumeirah61-43.5%
Al Barsha South Fourth142-41.3%
Marsa Dubai175-40.3%
Business Bay206-33.8%
Al Warsan First87-28.7%
Nadd Hessa69-22.5%
Al Hebiah Fourth71-19.3%

The largest sales of June 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
5 Jun 2018Business BayU-BORA TOWERSBusiness BayBuildingExisting PropertiesNot specified1,723,935 sqftAED 435/sqftAED 750,000,000
27 Jun 2018Al MerkadhSOBHA HARTLANDBuildingExisting PropertiesNot specified411,363 sqftAED 875/sqftAED 360,000,000
18 Jun 2018Business BayBusiness BayBuildingExisting PropertiesNot specified40,468 sqftAED 8,649/sqftAED 350,000,000
25 Jun 2018Dubai Investment Park FirstDubai Investment Park FirstBuildingExisting PropertiesNot specified127,116 sqftAED 1,086/sqftAED 138,000,000
5 Jun 2018Al Hebiah FifthDAMAC LagoonsLandExisting PropertiesNot specified3,448,995 sqftAED 38/sqftAED 130,000,000
4 Jun 2018Al Barsha South FourthElitz 3 By DanubeJumeirah Village CircleLandExisting PropertiesNot specified57,857 sqftAED 1,774/sqftAED 102,628,332
25 Jun 2018Al Barsha South FourthJumeirah Village CircleBuildingExisting PropertiesNot specified53,529 sqftAED 1,812/sqftAED 97,000,000
4 Jun 2018Warsan FourthInternational City Phase 3BuildingExisting PropertiesNot specified33,580 sqftAED 1,444/sqftAED 48,500,000
11 Jun 2018Jabal Ali Industrial FirstJABAL ALI INDUSTRIAL DEVELOPMENTLandExisting PropertiesNot specified63,279 sqftAED 712/sqftAED 45,028,000
6 Jun 2018Al Warsan FirstLawnz Residence by DanubeInternational City Phase 1BuildingExisting PropertiesNot specified198,463 sqftAED 192/sqftAED 38,195,850

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.