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Quarterly report

Dubai property market — Q4 2018

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2018. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales8,262Registered in Q4 2018down22.8% vs a year earlier
Total valueAED 18.51BRegistered in Q4 2018Across 129 communities
Price per sqftAED 930/sqftMedian across Q4 2018down9.5% vs a year earlier
Sale priceAED 1.12MMedian across Q4 201848% sold off-plan

In a sentence

The Land Department registered 8,262 property sales in Q4 2018, worth AED 18.51B in total, across 129 communities. That is 23% fewer than the same quarter a year earlier.

The median sale was AED 1,121,047 at AED 930/sqft, 9.5% below the same quarter last year. 48% of sales were off-plan.

Al Warsan First was the busiest community with 990 registered sales, while Burj Khalifa took the most money at AED 1.28B.

Against the previous quarter, Al Khairan First rose 150% to 265 sales, while Wadi Al Safa 3 fell 61% to 75.

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 Q4 2018, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First990+90.4%AED 506.75MAED 355KAED 824/sqft64%
Business Bay647+8.2%AED 823.34MAED 1.07MAED 1,635/sqft63%
Marsa Dubai560+6.9%AED 1.06BAED 1.51MAED 1,420/sqft34%
Al Barsha South Fourth480+10.3%AED 485.49MAED 722KAED 874/sqft50%
Burj Khalifa467+68.0%AED 1.28BAED 2.10MAED 1,964/sqft65%
Wadi Al Safa 5423+67.9%AED 932.74MAED 1.47MAED 705/sqft51%
Hadaeq Sheikh Mohammed Bin Rashid384+105.3%AED 949.63MAED 1.05MAED 1,380/sqft89%
Al Merkadh341+32.7%AED 505.51MAED 1.08MAED 1,498/sqft94%
Al Thanyah Fifth285+22.3%AED 420.19MAED 956KAED 872/sqft10%
Palm Jumeirah280+89.2%AED 929.33MAED 1.98MAED 2,360/sqft32%
Nadd Hessa271-24.5%AED 461.48MAED 550KAED 727/sqft34%
Al Khairan First265+150.0%AED 645.19MAED 1.83MAED 1,587/sqft99%
Al Hebiah Fourth220+36.6%AED 165.91MAED 536KAED 719/sqft27%
Al Barshaa South Third191+15.1%AED 118.41MAED 513KAED 1,014/sqft70%
Jabal Ali First171-17.4%AED 285.72MAED 770KAED 761/sqft6%

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 1.28B467
Marsa DubaiAED 1.06B560
Hadaeq Sheikh Mohammed Bin RashidAED 949.63M384
Wadi Al Safa 5AED 932.74M423
Palm JumeirahAED 929.33M280
Business BayAED 823.34M647
Al Khairan FirstAED 645.19M265
Al Warsan FirstAED 506.75M990
Al MerkadhAED 505.51M341
Al Barsha South FourthAED 485.49M480

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 Khairan First265+150.0%
Hadaeq Sheikh Mohammed Bin Rashid384+105.3%
Al Warsan First990+90.4%
Palm Jumeirah280+89.2%
Wadi Al Safa 795+79.2%
Burj Khalifa467+68.0%
Wadi Al Safa 5423+67.9%
Wadi Al Safa 375-60.7%
Zaabeel Second83+56.6%
Al Thanyah First74-38.3%

The largest sales of Q4 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 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
28 Nov 2018Al Yufrah 3—LandExisting PropertiesNot specified6,999,997 sqftAED 20/sqftAED 140,000,000
17 Dec 2018Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified49,989 sqftAED 2,601/sqftAED 130,000,000
21 Nov 2018Hadaeq Sheikh Mohammed Bin Rashid—Dubai Hills EstateLandExisting PropertiesNot specified270,398 sqftAED 463/sqftAED 125,196,652
6 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified118,283,169 sqftAED 1/sqftAED 118,283,283
12 Nov 2018Wadi Al Safa 2—Liwan1BuildingExisting PropertiesNot specified46,487 sqftAED 2,474/sqftAED 115,000,000
10 Dec 2018Saih Aldahal—LandExisting PropertiesNot specified112,044,704 sqftAED 1/sqftAED 112,044,812
12 Nov 2018Wadi Al Safa 5—Dubai Land Residence ComplexBuildingExisting PropertiesNot specified31,048 sqftAED 3,543/sqftAED 110,000,000

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.