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Monthly report

Dubai property market — January 2019

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

Sales2,134Registered in January 2019down33.5% vs a year earlier
Total valueAED 4.77BRegistered in January 2019Across 97 communities
Price per sqftAED 925/sqftMedian across January 2019down17.3% vs a year earlier
Sale priceAED 992KMedian across January 201942% sold off-plan

In a sentence

The Land Department registered 2,134 property sales in January 2019, worth AED 4.77B in total, across 97 communities. That is 34% fewer than the same month a year earlier.

The median sale was AED 992,031 at AED 925/sqft, 17.3% below the same month last year. 42% of sales were off-plan.

Hadaeq Sheikh Mohammed Bin Rashid was the busiest community with 216 registered sales, while Business Bay took the most money at AED 394.64M.

Against the previous month, Hadaeq Sheikh Mohammed Bin Rashid rose 83% to 216 sales, while Palm Jumeirah fell 45% to 67.

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 January 2019, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Hadaeq Sheikh Mohammed Bin Rashid216+83.1%AED 239.84MAED 973KAED 1,368/sqft96%
Business Bay194-0.5%AED 394.64MAED 963KAED 1,237/sqft41%
Marsa Dubai150-18.5%AED 277.36MAED 1.38MAED 1,366/sqft28%
Al Warsan First117-44.0%AED 55.91MAED 325KAED 522/sqft25%
Al Thanyah Fifth110+52.8%AED 129.97MAED 835KAED 861/sqft25%
Al Merkadh106-7.8%AED 203.00MAED 745KAED 1,504/sqft89%
Al Barsha South Fourth102-27.7%AED 121.99MAED 668KAED 858/sqft52%
Burj Khalifa82-34.4%AED 382.39MAED 1.96MAED 1,696/sqft37%
Wadi Al Safa 582-39.7%AED 147.91MAED 1.45MAED 665/sqft50%
Al Barshaa South Third77+8.5%AED 54.98MAED 468KAED 978/sqft74%
Al Hebiah Fourth77+13.2%AED 57.75MAED 530KAED 730/sqft31%
Nadd Hessa730.0%AED 226.32MAED 490KAED 698/sqft26%
Jabal Ali First68+25.9%AED 72.86MAED 577KAED 760/sqft3%
Palm Jumeirah67-45.1%AED 333.07MAED 1.85MAED 2,090/sqft13%
Wadi Al Safa 752+26.8%AED 106.98MAED 1.77MAED 668/sqft81%

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 394.64M194
Burj KhalifaAED 382.39M82
Palm JumeirahAED 333.07M67
Marsa DubaiAED 277.36M150
Hadaeq Sheikh Mohammed Bin RashidAED 239.84M216
Nadd HessaAED 226.32M73
Al MerkadhAED 203.00M106
Al JadafAED 167.92M10
Me'Aisem FirstAED 150.71M48
Wadi Al Safa 5AED 147.91M82

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 Rashid216+83.1%
Al Thanyah Fifth110+52.8%
Palm Jumeirah67-45.1%
Al Warsan First117-44.0%
Wadi Al Safa 582-39.7%
Burj Khalifa82-34.4%
Al Barsha South Fourth102-27.7%
Jabal Ali First68+25.9%
Marsa Dubai150-18.5%
Al Hebiah Fourth77+13.2%

The largest sales of January 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
7 Jan 2019Burj KhalifaSOLARA TOWER DUBAIDownTown DubaiLandExisting PropertiesNot specified56,022 sqftAED 3,392/sqftAED 190,000,000
21 Jan 2019Business BayONE RIVER POINTBusiness BayLandExisting PropertiesNot specified57,737 sqftAED 2,346/sqftAED 135,451,500
8 Jan 2019Al Nahda First—BuildingExisting PropertiesNot specified30,000 sqftAED 4,333/sqftAED 130,000,000
31 Jan 2019Al JadafKempinski Residences The CreekDubai Health Care City Phase 2BuildingExisting PropertiesNot specified235,576 sqftAED 440/sqftAED 103,547,739
30 Jan 2019Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified23,493 sqftAED 3,936/sqftAED 92,472,400
31 Jan 2019Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified23,493 sqftAED 3,936/sqftAED 92,472,400
22 Jan 2019Al Manara—LandExisting PropertiesNot specified18,224 sqftAED 3,400/sqftAED 61,962,000
15 Jan 2019Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified266,457 sqftAED 203/sqftAED 54,000,000
9 Jan 2019Al JadafBinghatti CreekDubai Health Care City Phase 2LandExisting PropertiesNot specified34,007 sqftAED 1,519/sqftAED 51,640,238
9 Jan 2019Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified15,386 sqftAED 3,315/sqftAED 51,000,000

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.