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Quarterly report

Dubai property market — Q2 2018

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2018. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales8,436Registered in Q2 2018down25% vs a year earlier
Total valueAED 20.87BRegistered in Q2 2018Across 124 communities
Price per sqftAED 1,073/sqftMedian across Q2 2018up10.6% vs a year earlier
Sale priceAED 1.14MMedian across Q2 201849% sold off-plan

In a sentence

The Land Department registered 8,436 property sales in Q2 2018, worth AED 20.87B in total, across 124 communities. That is 25% fewer than the same quarter a year earlier.

The median sale was AED 1,140,000 at AED 1,073/sqft, 10.6% above the same quarter last year. 49% of sales were off-plan.

Business Bay was the busiest community with 795 registered sales, and also took the most money at AED 2.03B.

Against the previous quarter, Al Barshaa South Third rose 171% to 203 sales, while Al Kifaf fell 65% to 76.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2018, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay795-5.0%AED 2.03BAED 975KAED 1,493/sqft71%
Marsa Dubai695-1.0%AED 1.40BAED 1.60MAED 1,526/sqft41%
Al Merkadh547-8.4%AED 1.30BAED 595KAED 1,469/sqft96%
Al Barsha South Fourth534-12.7%AED 928.95MAED 758KAED 951/sqft63%
Burj Khalifa363+45.8%AED 1.05BAED 2.06MAED 1,709/sqft50%
Al Warsan First361-16.2%AED 361.19MAED 410KAED 630/sqft0%
Al Thanyah Fifth321-11.6%AED 546.43MAED 1.05MAED 842/sqft3%
Al Yelayiss 2300+19.5%AED 388.34MAED 1.36MAED 677/sqft91%
Al Hebiah Fourth296-28.2%AED 263.99MAED 604KAED 899/sqft14%
Jabal Ali First289-23.5%AED 437.41MAED 660KAED 898/sqft20%
Palm Jumeirah252-1.9%AED 963.79MAED 2.24MAED 1,884/sqft29%
Hadaeq Sheikh Mohammed Bin Rashid239+19.5%AED 630.30MAED 2.20MAED 1,086/sqft71%
Madinat Al Mataar238+12.3%AED 149.01MAED 470KAED 893/sqft96%
Nadd Hessa223-15.5%AED 179.49MAED 550KAED 733/sqft31%
Al Hebiah Third211+81.9%AED 401.12MAED 1.07MAED 1,152/sqft45%

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
Business BayAED 2.03B795
Marsa DubaiAED 1.40B695
Al MerkadhAED 1.30B547
Burj KhalifaAED 1.05B363
Palm JumeirahAED 963.79M252
Al Barsha South FourthAED 928.95M534
Wadi Al Safa 5AED 787.14M76
Hadaeq Sheikh Mohammed Bin RashidAED 630.30M239
Al Thanyah FifthAED 546.43M321
Al Thanayah FourthAED 454.71M114

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Barshaa South Third203+170.7%
Al Hebiah Third211+81.9%
Al Kifaf76-65.0%
Al Jadaf60-48.7%
Burj Khalifa363+45.8%
Wadi Al Safa 268-38.7%
Al Yufrah 2101+29.5%
Al Hebiah Fourth296-28.2%
Nad Al Shiba First65-26.1%
Jabal Ali First289-23.5%

The largest sales of Q2 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
5 Jun 2018Business BayU-BORA TOWERSBusiness BayBuildingExisting PropertiesNot specified1,723,935 sqftAED 435/sqftAED 750,000,000
27 Jun 2018Al Merkadh—SOBHA HARTLANDBuildingExisting PropertiesNot specified411,363 sqftAED 875/sqftAED 360,000,000
18 Jun 2018Business Bay—Business BayBuildingExisting PropertiesNot specified40,468 sqftAED 8,649/sqftAED 350,000,000
2 Apr 2018Muhaisanah First—LandExisting PropertiesNot specified625,446 sqftAED 442/sqftAED 276,226,203
28 May 2018Al Qusais Industrial Second—LandExisting PropertiesNot specified199,758 sqftAED 1,277/sqftAED 255,000,000
15 May 2018Al Rega—BuildingExisting PropertiesNot specified9,698 sqftAED 23,716/sqftAED 230,000,000
22 May 2018Nad Al Shiba Third—LandExisting PropertiesNot specified1,257,699 sqftAED 180/sqftAED 226,384,740
24 May 2018Wadi Al Safa 5—Dubai Land Residence ComplexLandExisting PropertiesNot specified137,693 sqftAED 1,598/sqftAED 220,000,000
7 May 2018Al Satwa—Jumeirah Garden CityLandExisting PropertiesNot specified83,651 sqftAED 2,600/sqftAED 217,493,000
23 May 2018Al Merkadh—LandExisting PropertiesNot specified7,000,735 sqftAED 23/sqftAED 163,508,091

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.