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Annual report

Dubai property market — 2019

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2019. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales36,911Registered in 2019up14.7% vs the year before
Total valueAED 76.05BRegistered in 2019Across 158 communities
Price per sqftAED 955/sqftMedian across 2019down6.1% vs the year before
Sale priceAED 1.20MMedian across 201955% sold off-plan

In a sentence

The Land Department registered 36,911 property sales in 2019, worth AED 76.05B in total, across 158 communities. That is 15% more than the year before.

The median sale was AED 1,200,000 at AED 955/sqft, 6.1% below the year before. 55% of sales were off-plan.

Marsa Dubai was the busiest community with 3,229 registered sales, and also took the most money at AED 7.76B.

Against the previous year, Jumeirah First rose 1,115% to 741 sales, while Al Kifaf fell 81% to 59.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2019, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai3,229+30.1%AED 7.76BAED 1.68MAED 1,539/sqft41%
Business Bay2,519-12.4%AED 3.46BAED 987KAED 1,467/sqft54%
Hadaeq Sheikh Mohammed Bin Rashid2,232+121.0%AED 4.44BAED 1.06MAED 1,368/sqft85%
Burj Khalifa2,153+58.7%AED 7.22BAED 1.97MAED 1,949/sqft67%
Wadi Al Safa 51,955+132.7%AED 4.61BAED 1.36MAED 737/sqft85%
Madinat Al Mataar1,873+155.5%AED 1.88BAED 1.07MAED 707/sqft95%
Al Khairan First1,869+146.9%AED 3.37BAED 1.43MAED 1,478/sqft98%
Al Barsha South Fourth1,650-19.9%AED 2.06BAED 646KAED 902/sqft44%
Al Thanyah Fifth1,541+28.2%AED 1.84BAED 640KAED 878/sqft36%
Al Merkadh1,503-13.7%AED 2.46BAED 761KAED 1,489/sqft94%
Al Warsan First1,299-43.6%AED 767.09MAED 305KAED 475/sqft6%
Jabal Ali First1,121+7.3%AED 1.35BAED 720KAED 699/sqft21%
Palm Jumeirah905-3.4%AED 3.69BAED 1.75MAED 1,229/sqft18%
Wadi Al Safa 7827+204.0%AED 1.76BAED 1.78MAED 732/sqft78%
Al Hebiah Fourth822-24.5%AED 664.11MAED 510KAED 700/sqft30%

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
Marsa DubaiAED 7.76B3,229
Burj KhalifaAED 7.22B2,153
Wadi Al Safa 5AED 4.61B1,955
Hadaeq Sheikh Mohammed Bin RashidAED 4.44B2,232
Palm JumeirahAED 3.69B905
Business BayAED 3.46B2,519
Al Khairan FirstAED 3.37B1,869
Al MerkadhAED 2.46B1,503
Jumeirah FirstAED 2.19B741
Al Barsha South FourthAED 2.06B1,650

Biggest movers

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

CommunitySalesChange
Jumeirah First741+1114.8%
Wadi Al Safa 7827+204.0%
Al Yelayiss 1416+179.2%
Island 2140+159.3%
Madinat Al Mataar1,873+155.5%
Al Khairan First1,869+146.9%
Wadi Al Safa 2713+138.5%
Wadi Al Safa 51,955+132.7%
Hadaeq Sheikh Mohammed Bin Rashid2,232+121.0%
Al Kifaf59-80.8%

The largest sales of 2019

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
24 Apr 2019Burj KhalifaTHE DUBAI MALLDownTown DubaiSized PartitionExisting PropertiesNot specified933,606 sqftAED 616/sqftAED 575,000,000
24 Apr 2019Marsa DubaiDUBAI MARINA MALLDubai MarinaSized PartitionExisting PropertiesNot specified1,118,069 sqftAED 411/sqftAED 460,000,000
24 Apr 2019Burj KhalifaTHE ADDRESS - THE BLVDDownTown DubaiHotelExisting PropertiesNot specified671,289 sqftAED 611/sqftAED 410,000,000
26 Feb 2019Wadi Al Safa 5—LandExisting PropertiesNot specified5,776,160 sqftAED 56/sqftAED 325,000,000
26 Feb 2019Wadi Al Safa 5—LandExisting PropertiesNot specified5,776,150 sqftAED 56/sqftAED 325,000,000
26 Feb 2019Wadi Al Safa 5—LandExisting PropertiesNot specified5,776,160 sqftAED 56/sqftAED 325,000,000
21 Feb 2019Wadi Al Safa 5—LandExisting PropertiesNot specified4,576,360 sqftAED 71/sqftAED 325,000,000
14 Oct 2019Al Thanyah FifthHilton Residences Dubai Jumeirah Lakes TowersDMCC Master CommunityBuildingExisting PropertiesNot specified21,635 sqftAED 9,776/sqftAED 211,500,000
21 Oct 2019Al Yufrah 1—LandExisting PropertiesNot specified11,136,138 sqftAED 18/sqftAED 200,100,000
30 Sept 2019Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,643 sqftAED 3,315/sqftAED 197,730,769

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.