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Monthly report

Dubai property market — April 2019

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

Sales3,245Registered in April 2019up15.2% vs a year earlier
Total valueAED 7.65BRegistered in April 2019Across 84 communities
Price per sqftAED 925/sqftMedian across April 2019down14.7% vs a year earlier
Sale priceAED 1.04MMedian across April 201950% sold off-plan

In a sentence

The Land Department registered 3,245 property sales in April 2019, worth AED 7.65B in total, across 84 communities. That is 15% more than the same month a year earlier.

The median sale was AED 1,036,888 at AED 925/sqft, 14.7% below the same month last year. 50% of sales were off-plan.

Business Bay was the busiest community with 264 registered sales, while Burj Khalifa took the most money at AED 1.87B.

Against the previous month, Me'Aisem First rose 256% to 185 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 61% to 110.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay264+14.3%AED 347.57MAED 950KAED 1,350/sqft55%
Marsa Dubai253+0.4%AED 1.02BAED 1.54MAED 1,570/sqft44%
Burj Khalifa227+34.3%AED 1.87BAED 2.09MAED 2,001/sqft64%
Al Thanyah Fifth208+10.1%AED 179.69MAED 448KAED 925/sqft53%
Al Barsha South Fourth207+120.2%AED 171.73MAED 636KAED 942/sqft58%
Me'Aisem First185+255.8%AED 117.64MAED 249KAED 62/sqft7%
Al Merkadh167+173.8%AED 298.80MAED 660KAED 1,391/sqft96%
Al Warsan First119+1.7%AED 88.17MAED 320KAED 474/sqft5%
Hadaeq Sheikh Mohammed Bin Rashid110-60.7%AED 278.69MAED 1.35MAED 1,066/sqft85%
Wadi Al Safa 5102+43.7%AED 163.06MAED 1.37MAED 671/sqft75%
Al Yelayiss 2100+132.6%AED 104.69MAED 990KAED 482/sqft85%
Madinat Al Mataar99-2.0%AED 90.98MAED 1.06MAED 714/sqft98%
Al Barshaa South Third77-4.9%AED 39.07MAED 406KAED 987/sqft82%
Nadd Hessa75+17.2%AED 39.80MAED 410KAED 743/sqft45%
Wadi Al Safa 775-24.2%AED 170.26MAED 1.78MAED 699/sqft72%

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 1.87B227
Marsa DubaiAED 1.02B253
Business BayAED 347.57M264
Al MerkadhAED 298.80M167
Hadaeq Sheikh Mohammed Bin RashidAED 278.69M110
Al Thanayah FourthAED 265.67M41
Palm JumeirahAED 254.16M74
Al Thanyah FifthAED 179.69M208
Al Barsha South FourthAED 171.73M207
Wadi Al Safa 7AED 170.26M75

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
Me'Aisem First185+255.8%
Al Merkadh167+173.8%
Al Barsha South Fourth207+120.2%
Hadaeq Sheikh Mohammed Bin Rashid110-60.7%
Palm Jumeirah74+48.0%
Wadi Al Safa 5102+43.7%
Burj Khalifa227+34.3%
Al Khairan First70+29.6%
Jabal Ali First66+24.5%
Wadi Al Safa 775-24.2%

The largest sales of April 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
24 Apr 2019Burj KhalifaAL MANZIL HOTELDownTown DubaiHotelExisting PropertiesNot specified323,031 sqftAED 502/sqftAED 162,000,000
24 Apr 2019Burj KhalifaVIDA DowntownDownTown DubaiHotelExisting PropertiesNot specified287,567 sqftAED 522/sqftAED 150,000,000
29 Apr 2019Al Raffa—BuildingExisting PropertiesNot specified46,072 sqftAED 2,713/sqftAED 125,000,000
2 Apr 2019Al MerkadhTHE HIGHBURYSOBHA HARTLANDLandExisting PropertiesNot specified99,971 sqftAED 1,100/sqftAED 110,000,000
8 Apr 2019Madinat Dubai Almelaheyah—LandExisting PropertiesNot specified229,629 sqftAED 436/sqftAED 100,005,000
29 Apr 2019Saih Shuaib 2—LandExisting PropertiesNot specified582,355 sqftAED 115/sqftAED 67,181,988
9 Apr 2019Marsa DubaiLIV MARINADubai MarinaLandExisting PropertiesNot specified35,033 sqftAED 1,889/sqftAED 66,162,063

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.