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Monthly report

Dubai property market — February 2019

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

Sales2,890Registered in February 2019up3.2% vs a year earlier
Total valueAED 7.91BRegistered in February 2019Across 94 communities
Price per sqftAED 966/sqftMedian across February 2019down17.9% vs a year earlier
Sale priceAED 1.35MMedian across February 201949% sold off-plan

In a sentence

The Land Department registered 2,890 property sales in February 2019, worth AED 7.91B in total, across 94 communities. That is 3% more than the same month a year earlier.

The median sale was AED 1,350,000 at AED 966/sqft, 17.9% below the same month last year. 49% of sales were off-plan.

Marsa Dubai was the busiest community with 272 registered sales, while Wadi Al Safa 5 took the most money at AED 1.59B.

Against the previous month, Palm Jumeirah rose 191% to 195 sales, while Wadi Al Safa 5 fell 26% to 61.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai272+81.3%AED 624.14MAED 1.70MAED 1,507/sqft48%
Hadaeq Sheikh Mohammed Bin Rashid270+25.0%AED 555.05MAED 1.08MAED 1,373/sqft87%
Business Bay253+30.4%AED 295.19MAED 760KAED 1,002/sqft32%
Palm Jumeirah195+191.0%AED 582.84MAED 1.59MAED 900/sqft5%
Burj Khalifa178+117.1%AED 558.80MAED 2.46MAED 2,119/sqft75%
Al Khairan First161+600.0%AED 348.63MAED 2.03MAED 1,827/sqft100%
Al Barsha South Fourth129+26.5%AED 123.24MAED 629KAED 692/sqft25%
Wadi Al Safa 7124+138.5%AED 243.89MAED 1.70MAED 775/sqft85%
Madinat Al Mataar119+325.0%AED 124.34MAED 1.06MAED 744/sqft97%
Al Thanyah Fifth116+5.5%AED 112.95MAED 464KAED 925/sqft48%
Al Merkadh109+2.8%AED 175.09MAED 999KAED 1,492/sqft92%
Al Warsan First99-15.4%AED 37.62MAED 300KAED 477/sqft8%
Jabal Ali First94+38.2%AED 112.57MAED 688KAED 810/sqft3%
Zaabeel Second74+957.1%AED 187.17MAED 2.50MAED 1,886/sqft100%
Al Hebiah Fourth63-18.2%AED 53.33MAED 536KAED 735/sqft10%

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
Wadi Al Safa 5AED 1.59B61
Marsa DubaiAED 624.14M272
Palm JumeirahAED 582.84M195
Burj KhalifaAED 558.80M178
Hadaeq Sheikh Mohammed Bin RashidAED 555.05M270
Al Khairan FirstAED 348.63M161
Al Thanayah FourthAED 326.20M38
Business BayAED 295.19M253
Wadi Al Safa 7AED 243.89M124
Zaabeel SecondAED 187.17M74

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
Palm Jumeirah195+191.0%
Wadi Al Safa 7124+138.5%
Burj Khalifa178+117.1%
Marsa Dubai272+81.3%
Jabal Ali First94+38.2%
Business Bay253+30.4%
Al Barsha South Fourth129+26.5%
Wadi Al Safa 561-25.6%
Hadaeq Sheikh Mohammed Bin Rashid270+25.0%
Nadd Hessa59-19.2%

The largest sales of February 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
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
7 Feb 2019Al Thanayah Fourth—BuildingExisting PropertiesNot specified340,109 sqftAED 439/sqftAED 149,446,492
18 Feb 2019Um Suqaim Third—LandExisting PropertiesNot specified313,119 sqftAED 441/sqftAED 138,000,000
14 Feb 2019Um Suqaim Second—LandExisting PropertiesNot specified320,670 sqftAED 384/sqftAED 123,000,000
8 Feb 2019Wadi Al Safa 5—Dubai Land Residence ComplexBuildingExisting PropertiesNot specified30,636 sqftAED 3,878/sqftAED 118,800,000
13 Feb 2019Al Goze Third—BuildingExisting PropertiesNot specified123,216 sqftAED 828/sqftAED 102,005,000
6 Feb 2019Al Thanyah First—Barsha HeightsLandExisting PropertiesNot specified29,338 sqftAED 3,306/sqftAED 97,000,000

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.