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Quarterly report

Dubai property market — Q3 2018

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2018. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,806Registered in Q3 2018down36.8% vs a year earlier
Total valueAED 16.04BRegistered in Q3 2018Across 118 communities
Price per sqftAED 926/sqftMedian across Q3 2018down11.2% vs a year earlier
Sale priceAED 1.15MMedian across Q3 201845% sold off-plan

In a sentence

The Land Department registered 6,806 property sales in Q3 2018, worth AED 16.04B in total, across 118 communities. That is 37% fewer than the same quarter a year earlier.

The median sale was AED 1,149,000 at AED 926/sqft, 11.2% below the same quarter last year. 45% of sales were off-plan.

Business Bay was the busiest community with 598 registered sales, while Burj Khalifa took the most money at AED 1.47B.

Against the previous quarter, Wadi Al Safa 5 rose 232% to 252 sales, while Al Merkadh fell 53% to 257.

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 Q3 2018, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay598-24.8%AED 934.60MAED 1.00MAED 1,415/sqft64%
Marsa Dubai524-24.6%AED 1.15BAED 1.59MAED 1,450/sqft36%
Al Warsan First520+44.0%AED 238.13MAED 351KAED 753/sqft47%
Al Barsha South Fourth435-18.5%AED 476.60MAED 725KAED 935/sqft59%
Nadd Hessa359+61.0%AED 259.51MAED 550KAED 761/sqft59%
Burj Khalifa278-23.4%AED 1.47BAED 2.28MAED 1,821/sqft62%
Al Merkadh257-53.0%AED 418.02MAED 1.21MAED 1,482/sqft96%
Wadi Al Safa 5252+231.6%AED 721.81MAED 1.43MAED 707/sqft63%
Al Thanyah Fifth233-27.4%AED 362.18MAED 1.00MAED 893/sqft13%
Jabal Ali First207-28.4%AED 304.08MAED 597KAED 792/sqft7%
Al Hebiah Third198-6.2%AED 336.96MAED 1.52MAED 1,007/sqft39%
Wadi Al Safa 3191+124.7%AED 436.61MAED 27KAED 1/sqft13%
Hadaeq Sheikh Mohammed Bin Rashid187-21.8%AED 491.57MAED 2.22MAED 1,081/sqft79%
Nad Al Shiba First185+184.6%AED 541.16MAED 1.91MAED 360/sqft2%
Al Barshaa South Third166-18.2%AED 160.55MAED 518KAED 1,097/sqft80%

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 1.47B278
Marsa DubaiAED 1.15B524
Business BayAED 934.60M598
Wadi Al Safa 5AED 721.81M252
Palm JumeirahAED 636.38M148
Jumeirah FirstAED 590.91M19
Al Thanayah FourthAED 581.32M93
Nad Al Shiba FirstAED 541.16M185
Hadaeq Sheikh Mohammed Bin RashidAED 491.57M187
Al Barsha South FourthAED 476.60M435

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
Wadi Al Safa 5252+231.6%
Nad Al Shiba First185+184.6%
Wadi Al Safa 3191+124.7%
Nadd Hessa359+61.0%
Al Merkadh257-53.0%
Al Yelayiss 2153-49.0%
Al Hebiah Fourth161-45.6%
Al Warsan First520+44.0%
Palm Jumeirah148-41.3%
Zaabeel Second53-41.1%

The largest sales of Q3 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
7 Aug 2018Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified62,443 sqftAED 10,117/sqftAED 631,734,649
12 Sept 2018Jumeirah First—LA MERLandExisting PropertiesNot specified334,392 sqftAED 1,110/sqftAED 371,225,681
9 Jul 2018Al Barsha First—BuildingExisting PropertiesNot specified22,162 sqftAED 9,024/sqftAED 200,000,000
13 Aug 2018Al Yufrah 2—DAMAC HILLS 2LandExisting PropertiesNot specified32,198,282 sqftAED 6/sqftAED 188,483,992
2 Aug 2018Al Hebiah Second—Dubai Studio CityBuildingExisting PropertiesNot specified58,746 sqftAED 2,298/sqftAED 135,000,000
12 Sept 2018Jumeirah First—LA MERLandExisting PropertiesNot specified119,600 sqftAED 1,110/sqftAED 132,774,319
11 Jul 2018Al Barsha South FifthFashionz 1 By DanubeJumeirah Village TriangleBuildingExisting PropertiesNot specified66,028 sqftAED 1,900/sqftAED 125,465,664
16 Aug 2018Wadi Al Safa 5SAFEER RESIDENCES 3Dubai Land Residence ComplexBuildingExisting PropertiesNot specified27,562 sqftAED 3,991/sqftAED 110,000,000
7 Aug 2018Nad Al Hamar—BuildingExisting PropertiesNot specified32,292 sqftAED 3,252/sqftAED 105,000,000
9 Aug 2018Wadi Al Safa 3—Mohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified205,158 sqftAED 500/sqftAED 102,580,000

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.