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Monthly report

Dubai property market — November 2018

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

Sales2,602Registered in November 2018down17.6% vs a year earlier
Total valueAED 5.66BRegistered in November 2018Across 87 communities
Price per sqftAED 961/sqftMedian across November 2018down6.3% vs a year earlier
Sale priceAED 1.14MMedian across November 201849% sold off-plan

In a sentence

The Land Department registered 2,602 property sales in November 2018, worth AED 5.66B in total, across 87 communities. That is 18% fewer than the same month a year earlier.

The median sale was AED 1,141,593 at AED 961/sqft, 6.3% below the same month last year. 49% of sales were off-plan.

Al Warsan First was the busiest community with 302 registered sales, while Hadaeq Sheikh Mohammed Bin Rashid took the most money at AED 555.57M.

Against the previous month, Hadaeq Sheikh Mohammed Bin Rashid rose 141% to 188 sales, while Al Khairan First fell 56% to 65.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First302-37.0%AED 126.97MAED 350KAED 828/sqft63%
Business Bay204-17.7%AED 279.56MAED 1.09MAED 1,695/sqft72%
Hadaeq Sheikh Mohammed Bin Rashid188+141.0%AED 555.57MAED 1.04MAED 1,382/sqft88%
Marsa Dubai164-22.6%AED 323.47MAED 1.58MAED 1,401/sqft30%
Burj Khalifa153-19.0%AED 493.27MAED 2.35MAED 2,081/sqft67%
Al Barsha South Fourth133-35.4%AED 114.68MAED 749KAED 856/sqft45%
Al Merkadh125+23.8%AED 201.21MAED 1.17MAED 1,500/sqft95%
Wadi Al Safa 5109-38.8%AED 295.27MAED 1.50MAED 684/sqft46%
Al Thanyah Fifth94-21.0%AED 155.26MAED 1.01MAED 900/sqft4%
Nadd Hessa91-15.0%AED 70.23MAED 563KAED 715/sqft38%
Palm Jumeirah90+32.4%AED 302.51MAED 2.05MAED 2,386/sqft37%
Al Hebiah Fourth79+8.2%AED 46.88MAED 450KAED 645/sqft37%
Al Yufrah 272+60.0%AED 92.93MAED 1.27MAED 828/sqft0%
Al Khairan First65-56.1%AED 123.58MAED 1.58MAED 1,598/sqft100%
Al Hebiah Third54+17.4%AED 66.68MAED 624KAED 1,294/sqft54%

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
Hadaeq Sheikh Mohammed Bin RashidAED 555.57M188
Burj KhalifaAED 493.27M153
Marsa DubaiAED 323.47M164
Palm JumeirahAED 302.51M90
Wadi Al Safa 5AED 295.27M109
Business BayAED 279.56M204
Al MerkadhAED 201.21M125
Rega Al ButeenAED 191.70M3
Al Thanyah FifthAED 155.26M94
Al Yufrah 3AED 140.98M2

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
Hadaeq Sheikh Mohammed Bin Rashid188+141.0%
Al Khairan First65-56.1%
Wadi Al Safa 5109-38.8%
Al Warsan First302-37.0%
Al Barsha South Fourth133-35.4%
Palm Jumeirah90+32.4%
Al Merkadh125+23.8%
Marsa Dubai164-22.6%
Al Thanyah Fifth94-21.0%
Burj Khalifa153-19.0%

The largest sales of November 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
28 Nov 2018Al Yufrah 3—LandExisting PropertiesNot specified6,999,997 sqftAED 20/sqftAED 140,000,000
21 Nov 2018Hadaeq Sheikh Mohammed Bin Rashid—Dubai Hills EstateLandExisting PropertiesNot specified270,398 sqftAED 463/sqftAED 125,196,652
12 Nov 2018Wadi Al Safa 2—Liwan1BuildingExisting PropertiesNot specified46,487 sqftAED 2,474/sqftAED 115,000,000
12 Nov 2018Wadi Al Safa 5—Dubai Land Residence ComplexBuildingExisting PropertiesNot specified31,048 sqftAED 3,543/sqftAED 110,000,000
29 Nov 2018Rega Al Buteen—BuildingExisting PropertiesNot specified20,808 sqftAED 4,806/sqftAED 100,000,000
29 Nov 2018Rega Al Buteen—BuildingExisting PropertiesNot specified20,608 sqftAED 4,367/sqftAED 90,000,000
12 Nov 2018Al Suq Al Kabeer—BuildingExisting PropertiesNot specified10,378 sqftAED 6,263/sqftAED 65,000,000
29 Nov 2018Muhaisanah Fourth—BuildingExisting PropertiesNot specified20,409 sqftAED 2,793/sqftAED 57,000,000
21 Nov 2018Hadaeq Sheikh Mohammed Bin RashidELLINGTON HOUSEDubai Hills EstateLandExisting PropertiesNot specified60,760 sqftAED 880/sqftAED 53,496,583
12 Nov 2018Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified447,078 sqftAED 120/sqftAED 53,452,225

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.