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Monthly report

Dubai property market — October 2018

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

Sales3,259Registered in October 2018down14.5% vs a year earlier
Total valueAED 6.69BRegistered in October 2018Across 94 communities
Price per sqftAED 901/sqftMedian across October 2018down6.9% vs a year earlier
Sale priceAED 1.10MMedian across October 201849% sold off-plan

In a sentence

The Land Department registered 3,259 property sales in October 2018, worth AED 6.69B in total, across 94 communities. That is 15% fewer than the same month a year earlier.

The median sale was AED 1,095,545 at AED 901/sqft, 6.9% below the same month last year. 49% of sales were off-plan.

Al Warsan First was the busiest community with 479 registered sales, while Burj Khalifa took the most money at AED 458.39M.

Against the previous month, Al Khairan First rose 190% to 148 sales, while Nadd Hessa fell 50% to 107.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First479+74.8%AED 273.82MAED 365KAED 835/sqft75%
Business Bay248+5.1%AED 291.78MAED 933KAED 1,400/sqft52%
Marsa Dubai212+35.0%AED 413.31MAED 1.53MAED 1,452/sqft42%
Al Barsha South Fourth206+32.9%AED 205.63MAED 690KAED 912/sqft62%
Burj Khalifa189+136.3%AED 458.39MAED 1.88MAED 1,870/sqft65%
Wadi Al Safa 5178+26.2%AED 334.50MAED 1.48MAED 696/sqft39%
Al Khairan First148+190.2%AED 309.65MAED 1.89MAED 1,726/sqft100%
Al Thanyah Fifth119+63.0%AED 180.19MAED 987KAED 901/sqft16%
Nadd Hessa107-49.8%AED 154.39MAED 559KAED 765/sqft49%
Al Merkadh101+18.8%AED 174.79MAED 996KAED 1,480/sqft93%
Nad Al Shiba First91-46.2%AED 330.55MAED 3.00MAED 360/sqft2%
Al Yelayiss 286+109.8%AED 105.27MAED 1.15MAED 624/sqft66%
Hadaeq Sheikh Mohammed Bin Rashid78+105.3%AED 155.43MAED 1.31MAED 1,384/sqft88%
Al Barshaa South Third75+11.9%AED 44.59MAED 513KAED 978/sqft71%
Al Hebiah Fourth73+114.7%AED 70.99MAED 620KAED 807/sqft14%

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 458.39M189
Marsa DubaiAED 413.31M212
Wadi Al Safa 5AED 334.50M178
Nad Al Shiba FirstAED 330.55M91
Al Khairan FirstAED 309.65M148
Business BayAED 291.78M248
Wadi Al Safa 4AED 288.75M1
Al Warsan FirstAED 273.82M479
Palm JumeirahAED 239.57M68
Al Barsha South FourthAED 205.63M206

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 Khairan First148+190.2%
Burj Khalifa189+136.3%
Al Warsan First479+74.8%
Al Thanyah Fifth119+63.0%
Nadd Hessa107-49.8%
Nad Al Shiba First91-46.2%
Marsa Dubai212+35.0%
Al Barsha South Fourth206+32.9%
Wadi Al Safa 5178+26.2%
Jabal Ali First70+20.7%

The largest sales of October 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
8 Oct 2018Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified1,551,249 sqftAED 186/sqftAED 288,750,000
10 Oct 2018Rega Al Buteen—BuildingExisting PropertiesNot specified15,000 sqftAED 6,533/sqftAED 98,000,000
31 Oct 2018Wadi Al Safa 7—LandExisting PropertiesNot specified99,901 sqftAED 972/sqftAED 97,103,772
17 Oct 2018Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified22,875 sqftAED 3,755/sqftAED 85,893,000
17 Oct 2018Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTBuildingExisting PropertiesNot specified41,980 sqftAED 1,929/sqftAED 81,000,000
15 Oct 2018Wadi Al Safa 3THE WATERCREST BY ELLINGTONMohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified383,976 sqftAED 200/sqftAED 76,795,400
22 Oct 2018Al Warsan First—WARSAN FIRST DEVELOPMENTLandExisting PropertiesNot specified120,157 sqftAED 500/sqftAED 60,078,500
16 Oct 2018Mankhool—BuildingExisting PropertiesNot specified21,337 sqftAED 2,578/sqftAED 55,000,000
22 Oct 2018Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified91,496 sqftAED 557/sqftAED 51,000,000
22 Oct 2018Wadi Al Amardi—VillaExisting PropertiesNot specified656,058 sqftAED 76/sqftAED 50,005,000

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.