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Monthly report

Dubai property market — December 2018

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

Sales2,401Registered in December 2018down35.6% vs a year earlier
Total valueAED 6.15BRegistered in December 2018Across 94 communities
Price per sqftAED 950/sqftMedian across December 2018down13.1% vs a year earlier
Sale priceAED 1.14MMedian across December 201846% sold off-plan

In a sentence

The Land Department registered 2,401 property sales in December 2018, worth AED 6.15B in total, across 94 communities. That is 36% fewer than the same month a year earlier.

The median sale was AED 1,137,532 at AED 950/sqft, 13.1% below the same month last year. 46% of sales were off-plan.

Al Warsan First was the busiest community with 209 registered sales, while Saih Aldahal took the most money at AED 447.90M.

Against the previous month, Palm Jumeirah rose 36% to 122 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 37% to 118.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First209-30.8%AED 105.96MAED 350KAED 625/sqft43%
Business Bay195-4.4%AED 251.99MAED 1.15MAED 1,657/sqft70%
Marsa Dubai184+12.2%AED 321.76MAED 1.45MAED 1,401/sqft28%
Al Barsha South Fourth141+6.0%AED 165.18MAED 742KAED 806/sqft36%
Wadi Al Safa 5136+24.8%AED 302.97MAED 1.45MAED 740/sqft72%
Burj Khalifa125-18.3%AED 323.38MAED 2.00MAED 1,878/sqft62%
Palm Jumeirah122+35.6%AED 387.25MAED 2.00MAED 2,468/sqft39%
Hadaeq Sheikh Mohammed Bin Rashid118-37.2%AED 238.63MAED 1.05MAED 1,365/sqft89%
Al Merkadh115-8.0%AED 129.51MAED 645KAED 1,461/sqft95%
Nadd Hessa73-19.8%AED 236.87MAED 480KAED 655/sqft5%
Al Thanyah Fifth72-23.4%AED 84.75MAED 790KAED 740/sqft7%
Al Barshaa South Third71+57.8%AED 45.86MAED 513KAED 1,052/sqft72%
Al Hebiah Fourth68-13.9%AED 48.04MAED 536KAED 641/sqft29%
Jabal Ali First54+14.9%AED 73.90MAED 697KAED 697/sqft4%
Al Khairan First52-20.0%AED 211.96MAED 1.62MAED 1,500/sqft96%

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
Saih AldahalAED 447.90M8
Palm JumeirahAED 387.25M122
Trade Center FirstAED 366.10M5
Burj KhalifaAED 323.38M125
Marsa DubaiAED 321.76M184
Wadi Al Safa 5AED 302.97M136
Business BayAED 251.99M195
Hadaeq Sheikh Mohammed Bin RashidAED 238.63M118
Nadd HessaAED 236.87M73
Al Khairan FirstAED 211.96M52

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 Rashid118-37.2%
Palm Jumeirah122+35.6%
Al Warsan First209-30.8%
Wadi Al Safa 5136+24.8%
Al Thanyah Fifth72-23.4%
Al Khairan First52-20.0%
Nadd Hessa73-19.8%
Burj Khalifa125-18.3%
Al Hebiah Fourth68-13.9%
Marsa Dubai184+12.2%

The largest sales of December 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
10 Dec 2018Trade Center First—BuildingExisting PropertiesNot specified10,050 sqftAED 18,905/sqftAED 190,000,000
27 Dec 2018Um Suqaim Third—LandExisting PropertiesNot specified351,350 sqftAED 413/sqftAED 145,000,000
17 Dec 2018Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified49,989 sqftAED 2,601/sqftAED 130,000,000
6 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified118,283,169 sqftAED 1/sqftAED 118,283,283
10 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified112,044,704 sqftAED 1/sqftAED 112,044,812
24 Dec 2018Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified43,374 sqftAED 2,499/sqftAED 108,370,000
10 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified107,434,891 sqftAED 1/sqftAED 107,434,994
6 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified107,000,514 sqftAED 1/sqftAED 107,000,617
6 Dec 2018Trade Center First—BuildingExisting PropertiesNot specified10,050 sqftAED 10,448/sqftAED 105,000,000
5 Dec 2018Al Warqa Fourth—LandExisting PropertiesNot specified40,000 sqftAED 2,450/sqftAED 98,000,000

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.