← All reports

Monthly report

Dubai property market — March 2019

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

Sales2,635Registered in March 2019down1.3% vs a year earlier
Total valueAED 5.35BRegistered in March 2019Across 86 communities
Price per sqftAED 984/sqftMedian across March 2019down7.5% vs a year earlier
Sale priceAED 1.09MMedian across March 201951% sold off-plan

In a sentence

The Land Department registered 2,635 property sales in March 2019, worth AED 5.35B in total, across 86 communities. That is 1% fewer than the same month a year earlier.

The median sale was AED 1,092,888 at AED 984/sqft, 7.5% below the same month last year. 51% of sales were off-plan.

Hadaeq Sheikh Mohammed Bin Rashid was the busiest community with 280 registered sales, while Ras Al Khor Industrial First took the most money at AED 592.04M.

Against the previous month, Al Thanyah Fifth rose 63% to 189 sales, while Palm Jumeirah fell 74% to 50.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Hadaeq Sheikh Mohammed Bin Rashid280+3.7%AED 417.51MAED 1.02MAED 1,406/sqft95%
Marsa Dubai252-7.4%AED 542.96MAED 1.65MAED 1,560/sqft51%
Business Bay231-8.7%AED 268.89MAED 1.00MAED 1,539/sqft53%
Al Thanyah Fifth189+62.9%AED 175.94MAED 640KAED 925/sqft39%
Burj Khalifa169-5.1%AED 484.60MAED 2.27MAED 2,054/sqft62%
Al Warsan First117+18.2%AED 40.72MAED 307KAED 480/sqft9%
Madinat Al Mataar101-15.1%AED 102.29MAED 1.07MAED 733/sqft98%
Wadi Al Safa 799-20.2%AED 211.91MAED 1.76MAED 796/sqft80%
Al Barsha South Fourth94-27.1%AED 73.76MAED 700KAED 785/sqft29%
Al Barshaa South Third81+84.1%AED 48.33MAED 382KAED 960/sqft90%
Al Hebiah Third76+171.4%AED 120.27MAED 997KAED 1,262/sqft50%
Al Hebiah Fourth72+14.3%AED 48.47MAED 598KAED 650/sqft21%
Wadi Al Safa 571+16.4%AED 234.08MAED 1.41MAED 658/sqft58%
Nadd Hessa64+8.5%AED 33.62MAED 478KAED 701/sqft22%
Al Merkadh61-44.0%AED 75.56MAED 790KAED 1,510/sqft95%

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
Ras Al Khor Industrial FirstAED 592.04M8
Marsa DubaiAED 542.96M252
Burj KhalifaAED 484.60M169
Hadaeq Sheikh Mohammed Bin RashidAED 417.51M280
Business BayAED 268.89M231
Palm JumeirahAED 267.26M50
Wadi Al Safa 5AED 234.08M71
Wadi Al Safa 7AED 211.91M99
Al Thanyah FifthAED 175.94M189
Al Khairan FirstAED 156.95M54

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 Jumeirah50-74.4%
Al Khairan First54-66.5%
Al Thanyah Fifth189+62.9%
Al Merkadh61-44.0%
Jabal Ali First53-43.6%
Al Barsha South Fourth94-27.1%
Wadi Al Safa 799-20.2%
Al Warsan First117+18.2%
Wadi Al Safa 571+16.4%
Madinat Al Mataar101-15.1%

The largest sales of March 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
4 Mar 2019Wadi Al Safa 5—Dubai Land Residence ComplexLandExisting PropertiesNot specified323,110 sqftAED 300/sqftAED 96,836,700
25 Mar 2019Wadi Al Safa 3—MajanBuildingExisting PropertiesNot specified40,444 sqftAED 2,255/sqftAED 91,200,000
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified58,616 sqftAED 1,414/sqftAED 82,885,383
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified58,614 sqftAED 1,414/sqftAED 82,885,383
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified58,613 sqftAED 1,414/sqftAED 82,885,383
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified58,613 sqftAED 1,414/sqftAED 82,885,383
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified58,613 sqftAED 1,414/sqftAED 82,885,383
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified29,018 sqftAED 2,040/sqftAED 59,210,865
14 Mar 2019Ras Al Khor Industrial First—LandExisting PropertiesNot specified28,800 sqftAED 2,056/sqftAED 59,204,250
14 Mar 2019Ras Al Khor Industrial FirstSanctuary by Prestige OneLandExisting PropertiesNot specified28,958 sqftAED 2,044/sqftAED 59,200,785

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.