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Monthly report

Dubai property market — August 2018

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

Sales1,564Registered in August 2018down63% vs a year earlier
Total valueAED 4.53BRegistered in August 2018Across 80 communities
Price per sqftAED 935/sqftMedian across August 2018down10.7% vs a year earlier
Sale priceAED 1.10MMedian across August 201840% sold off-plan

In a sentence

The Land Department registered 1,564 property sales in August 2018, worth AED 4.53B in total, across 80 communities. That is 63% fewer than the same month a year earlier.

The median sale was AED 1,100,507 at AED 935/sqft, 10.7% below the same month last year. 40% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 130 registered sales, while Burj Khalifa took the most money at AED 925.57M.

Against the previous month, Marsa Dubai fell 60% to 104.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth130-13.3%AED 147.72MAED 728KAED 920/sqft57%
Business Bay129-44.6%AED 162.67MAED 1.05MAED 1,474/sqft79%
Al Warsan First107-23.0%AED 42.42MAED 330KAED 574/sqft19%
Marsa Dubai104-60.5%AED 213.87MAED 1.63MAED 1,437/sqft33%
Burj Khalifa82-29.3%AED 925.57MAED 2.13MAED 1,912/sqft55%
Wadi Al Safa 371-12.3%AED 233.64MAED 20KAED 1/sqft6%
Al Thanyah Fifth70-22.2%AED 104.33MAED 1.00MAED 811/sqft16%
Nadd Hessa60-30.2%AED 45.30MAED 564KAED 797/sqft40%
Al Hebiah Third54-46.5%AED 86.77MAED 1.65MAED 965/sqft26%
Wadi Al Safa 551-15.0%AED 269.60MAED 1.44MAED 657/sqft63%
Jabal Ali First48-52.5%AED 111.11MAED 760KAED 951/sqft8%
Al Hebiah Fourth46-43.2%AED 32.63MAED 613KAED 800/sqft28%
Al Thanyah First44-6.4%AED 55.83MAED 1.20MAED 2,259/sqft2%
Hadaeq Sheikh Mohammed Bin Rashid44-58.1%AED 100.45MAED 1.61MAED 1,222/sqft75%
Palm Jumeirah42-30.0%AED 213.59MAED 2.07MAED 1,257/sqft10%

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
Burj KhalifaAED 925.57M82
Wadi Al Safa 5AED 269.60M51
Wadi Al Safa 3AED 233.64M71
Marsa DubaiAED 213.87M104
Palm JumeirahAED 213.59M42
Al Yufrah 2AED 202.02M10
Business BayAED 162.67M129
Al Barsha South FourthAED 147.72M130
Al Thanayah FourthAED 143.60M24
Al Hebiah SecondAED 137.74M4

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
Marsa Dubai104-60.5%
Al Hebiah Third54-46.5%
Business Bay129-44.6%
Nadd Hessa60-30.2%
Burj Khalifa82-29.3%
Al Warsan First107-23.0%
Al Thanyah Fifth70-22.2%
Wadi Al Safa 551-15.0%
Al Barsha South Fourth130-13.3%
Wadi Al Safa 371-12.3%

The largest sales of August 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
7 Aug 2018Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified62,443 sqftAED 10,117/sqftAED 631,734,649
13 Aug 2018Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified32,198,282 sqftAED 6/sqftAED 188,483,992
2 Aug 2018Al Hebiah Second—Dubai Studio CityBuildingExisting PropertiesNot specified58,746 sqftAED 2,298/sqftAED 135,000,000
16 Aug 2018Wadi Al Safa 5SAFEER RESIDENCES 3Dubai Land Residence ComplexBuildingExisting PropertiesNot specified27,562 sqftAED 3,991/sqftAED 110,000,000
7 Aug 2018Nad Al Hamar—BuildingExisting PropertiesNot specified32,292 sqftAED 3,252/sqftAED 105,000,000
9 Aug 2018Wadi Al Safa 3—Mohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified205,158 sqftAED 500/sqftAED 102,580,000
8 Aug 2018Al Goze Industrial First—BuildingExisting PropertiesNot specified245,467 sqftAED 358/sqftAED 87,764,364
28 Aug 2018Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified1,552,532 sqftAED 52/sqftAED 81,132,200
1 Aug 2018Wadi Al Safa 5—Dubai Land Residence ComplexBuildingExisting PropertiesNot specified31,048 sqftAED 2,029/sqftAED 63,000,000
16 Aug 2018Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified41,340 sqftAED 1,319/sqftAED 54,513,888

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.