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Monthly report

Dubai property market — July 2018

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

Sales2,820Registered in July 2018down26.1% vs a year earlier
Total valueAED 6.62BRegistered in July 2018Across 93 communities
Price per sqftAED 1,020/sqftMedian across July 2018down2.7% vs a year earlier
Sale priceAED 1.23MMedian across July 201845% sold off-plan

In a sentence

The Land Department registered 2,820 property sales in July 2018, worth AED 6.62B in total, across 93 communities. That is 26% fewer than the same month a year earlier.

The median sale was AED 1,232,237 at AED 1,020/sqft, 2.7% below the same month last year. 45% of sales were off-plan.

Marsa Dubai was the busiest community with 263 registered sales, and also took the most money at AED 636.15M.

Against the previous month, Al Merkadh rose 140% to 132 sales, while Al Yelayiss 2 fell 43% to 80.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai263+50.3%AED 636.15MAED 1.63MAED 1,545/sqft44%
Business Bay233+13.1%AED 434.78MAED 1.10MAED 1,553/sqft64%
Al Barsha South Fourth150+5.6%AED 150.95MAED 728KAED 937/sqft55%
Al Warsan First139+59.8%AED 61.63MAED 334KAED 582/sqft19%
Al Merkadh132+140.0%AED 231.78MAED 1.22MAED 1,481/sqft95%
Burj Khalifa116-2.5%AED 359.90MAED 2.54MAED 1,812/sqft76%
Hadaeq Sheikh Mohammed Bin Rashid105+114.3%AED 308.10MAED 2.70MAED 1,063/sqft78%
Al Hebiah Third101+53.0%AED 179.74MAED 1.19MAED 1,229/sqft45%
Jabal Ali First101+44.3%AED 139.19MAED 593KAED 629/sqft3%
Al Thanyah Fifth90-8.2%AED 148.47MAED 1.07MAED 950/sqft12%
Nadd Hessa86+24.6%AED 53.93MAED 544KAED 722/sqft34%
Madinat Al Mataar82+86.4%AED 59.04MAED 551KAED 878/sqft98%
Al Hebiah Fourth81+14.1%AED 73.22MAED 658KAED 891/sqft38%
Wadi Al Safa 381+350.0%AED 98.19MAED 10KAED 1/sqft12%
Al Yelayiss 280-43.3%AED 114.61MAED 1.37MAED 680/sqft68%

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 636.15M263
Business BayAED 434.78M233
Burj KhalifaAED 359.90M116
Hadaeq Sheikh Mohammed Bin RashidAED 308.10M105
Al WaslAED 291.43M77
Palm JumeirahAED 249.62M60
Al MerkadhAED 231.78M132
Saih Shuaib 4AED 231.59M8
Al Thanayah FourthAED 202.09M43
Al Barsha FirstAED 200.00M1

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 Merkadh132+140.0%
Al Warsan First139+59.8%
Al Hebiah Third101+53.0%
Marsa Dubai263+50.3%
Jabal Ali First101+44.3%
Al Yelayiss 280-43.3%
Nadd Hessa86+24.6%
Al Hebiah Fourth81+14.1%
Business Bay233+13.1%
Al Barshaa South Third71-9.0%

The largest sales of July 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
9 Jul 2018Al Barsha First—BuildingExisting PropertiesNot specified22,162 sqftAED 9,024/sqftAED 200,000,000
11 Jul 2018Al Barsha South FifthFashionz 1 By DanubeJumeirah Village TriangleBuildingExisting PropertiesNot specified66,028 sqftAED 1,900/sqftAED 125,465,664
4 Jul 2018Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified365,157 sqftAED 218/sqftAED 79,524,072
12 Jul 2018Business Bay—Business BayLandExisting PropertiesNot specified47,649 sqftAED 1,661/sqftAED 79,132,703
4 Jul 2018Marsa Dubai—Dubai MarinaLandExisting PropertiesNot specified50,106 sqftAED 1,457/sqftAED 72,996,549
26 Jul 2018Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified881,961 sqftAED 81/sqftAED 71,615,712
23 Jul 2018Al Khawaneej Second—BuildingExisting PropertiesNot specified919,503 sqftAED 78/sqftAED 71,615,189
30 Jul 2018Business Bay—Business BayLandExisting PropertiesNot specified37,283 sqftAED 1,778/sqftAED 66,300,000
2 Jul 2018Wadi Al Safa 5SAFEER RESIDENCES 3Dubai Land Residence ComplexBuildingExisting PropertiesNot specified27,562 sqftAED 2,322/sqftAED 64,000,000
2 Jul 2018Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified55,703 sqftAED 1,077/sqftAED 60,000,000

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.