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Monthly report

Dubai property market — September 2018

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

Sales2,422Registered in September 2018down11.2% vs a year earlier
Total valueAED 4.89BRegistered in September 2018Across 80 communities
Price per sqftAED 859/sqftMedian across September 2018down16.9% vs a year earlier
Sale priceAED 1.01MMedian across September 201848% sold off-plan

In a sentence

The Land Department registered 2,422 property sales in September 2018, worth AED 4.89B in total, across 80 communities. That is 11% fewer than the same month a year earlier.

The median sale was AED 1,009,690 at AED 859/sqft, 16.9% below the same month last year. 48% of sales were off-plan.

Al Warsan First was the busiest community with 274 registered sales, while Jumeirah First took the most money at AED 521.74M.

Against the previous month, Nadd Hessa rose 255% to 213 sales, while Burj Khalifa fell 2% 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 September 2018, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First274+156.1%AED 134.07MAED 363KAED 834/sqft73%
Business Bay236+82.9%AED 337.16MAED 832KAED 1,214/sqft56%
Nadd Hessa213+255.0%AED 160.28MAED 550KAED 773/sqft75%
Nad Al Shiba First169+1436.4%AED 514.97MAED 1.95MAED 360/sqft0%
Marsa Dubai157+51.0%AED 302.19MAED 1.35MAED 1,295/sqft25%
Al Barsha South Fourth155+19.2%AED 177.93MAED 717KAED 939/sqft64%
Wadi Al Safa 5141+176.5%AED 270.49MAED 1.42MAED 737/sqft63%
Al Merkadh85+112.5%AED 129.94MAED 1.10MAED 1,486/sqft95%
Burj Khalifa80-2.4%AED 183.94MAED 1.61MAED 1,758/sqft48%
Al Thanyah Fifth73+4.3%AED 109.37MAED 910KAED 900/sqft11%
Al Barshaa South Third67+139.3%AED 99.50MAED 519KAED 1,012/sqft67%
Jabal Ali First58+20.8%AED 53.78MAED 543KAED 843/sqft14%
Al Khairan First51+292.3%AED 111.74MAED 1.98MAED 1,876/sqft100%
Palm Jumeirah46+9.5%AED 173.17MAED 1.90MAED 1,809/sqft26%
Al Hebiah Third43-20.4%AED 70.45MAED 1.65MAED 885/sqft42%

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
Jumeirah FirstAED 521.74M6
Nad Al Shiba FirstAED 514.97M169
Business BayAED 337.16M236
Marsa DubaiAED 302.19M157
Wadi Al Safa 5AED 270.49M141
Al Thanayah FourthAED 235.63M26
Burj KhalifaAED 183.94M80
Al Barsha South FourthAED 177.93M155
Palm JumeirahAED 173.17M46
Nadd HessaAED 160.28M213

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 Hessa213+255.0%
Wadi Al Safa 5141+176.5%
Al Warsan First274+156.1%
Business Bay236+82.9%
Marsa Dubai157+51.0%
Al Barsha South Fourth155+19.2%
Al Thanyah Fifth73+4.3%
Burj Khalifa80-2.4%

The largest sales of September 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
12 Sept 2018Jumeirah First—LA MERLandExisting PropertiesNot specified334,392 sqftAED 1,110/sqftAED 371,225,681
12 Sept 2018Jumeirah First—LA MERLandExisting PropertiesNot specified119,600 sqftAED 1,110/sqftAED 132,774,319
18 Sept 2018Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified33,570 sqftAED 2,681/sqftAED 90,000,000
24 Sept 2018Business Bay—Business BayLandExisting PropertiesNot specified67,790 sqftAED 1,283/sqftAED 87,000,000
24 Sept 2018Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified37,641 sqftAED 1,680/sqftAED 63,236,880
24 Sept 2018World Islands—The WorldLandExisting PropertiesNot specified502,079 sqftAED 107/sqftAED 53,510,005
27 Sept 2018Al Barsha First—BuildingExisting PropertiesNot specified17,257 sqftAED 2,897/sqftAED 50,000,000
18 Sept 2018Al Aweer First—BuildingExisting PropertiesNot specified978,568 sqftAED 41/sqftAED 40,000,000
10 Sept 2018Saih Shuaib 3—Dubai Industrial CityLandExisting PropertiesNot specified400,193 sqftAED 99/sqftAED 39,459,024
17 Sept 2018Al Barshaa South ThirdSKYZ By DanubeArjanLandExisting PropertiesNot specified67,836 sqftAED 560/sqftAED 37,988,000

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.