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Monthly report

Dubai property market — May 2019

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

Sales3,175Registered in May 2019down6% vs a year earlier
Total valueAED 6.10BRegistered in May 2019Across 80 communities
Price per sqftAED 1,038/sqftMedian across May 2019down6.2% vs a year earlier
Sale priceAED 1.11MMedian across May 201955% sold off-plan

In a sentence

The Land Department registered 3,175 property sales in May 2019, worth AED 6.10B in total, across 80 communities. That is 6% fewer than the same month a year earlier.

The median sale was AED 1,113,888 at AED 1,038/sqft, 6.2% below the same month last year. 55% of sales were off-plan.

Al Merkadh was the busiest community with 289 registered sales, while Burj Khalifa took the most money at AED 676.06M.

Against the previous month, Al Khairan First rose 174% to 192 sales, while Wadi Al Safa 5 fell 51% 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 May 2019, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh289+73.1%AED 305.92MAED 667KAED 1,500/sqft97%
Burj Khalifa286+26.0%AED 676.06MAED 1.84MAED 1,839/sqft81%
Marsa Dubai248-2.0%AED 463.56MAED 1.50MAED 1,463/sqft41%
Business Bay221-16.3%AED 223.93MAED 843KAED 938/sqft41%
Al Barsha South Fourth194-6.3%AED 158.19MAED 650KAED 910/sqft51%
Al Khairan First192+174.3%AED 326.57MAED 1.44MAED 1,560/sqft98%
Madinat Al Mataar186+87.9%AED 141.09MAED 610KAED 711/sqft95%
Hadaeq Sheikh Mohammed Bin Rashid167+51.8%AED 374.92MAED 1.23MAED 1,370/sqft86%
Al Thanyah Fifth125-39.9%AED 130.87MAED 670KAED 818/sqft34%
Al Warsan First94-21.0%AED 34.32MAED 318KAED 475/sqft4%
Jumeirah First76+406.7%AED 191.41MAED 1.87MAED 1,721/sqft92%
Wadi Al Safa 773-2.7%AED 195.35MAED 1.90MAED 869/sqft59%
Jabal Ali First70+6.1%AED 107.11MAED 940KAED 670/sqft10%
Palm Jumeirah63-14.9%AED 437.95MAED 2.10MAED 1,292/sqft22%
Al Hebiah Third57-18.6%AED 89.84MAED 1.42MAED 901/sqft51%

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 676.06M286
Marsa DubaiAED 463.56M248
Palm JumeirahAED 437.95M63
Hadaeq Sheikh Mohammed Bin RashidAED 374.92M167
Al Khairan FirstAED 326.57M192
Al MerkadhAED 305.92M289
Dubai Investment Park FirstAED 238.17M24
Business BayAED 223.93M221
Al Thanayah FourthAED 200.85M35
Wadi Al Safa 7AED 195.35M73

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
Al Khairan First192+174.3%
Madinat Al Mataar186+87.9%
Al Merkadh289+73.1%
Hadaeq Sheikh Mohammed Bin Rashid167+51.8%
Wadi Al Safa 550-51.0%
Al Thanyah Fifth125-39.9%
Nadd Hessa51-32.0%
Al Hebiah Fourth53-27.4%
Burj Khalifa286+26.0%
Al Warsan First94-21.0%

The largest sales of May 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
21 May 2019Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified37,629 sqftAED 2,325/sqftAED 87,500,000
29 May 2019Port Saeed—LandExisting PropertiesNot specified23,644 sqftAED 3,384/sqftAED 80,000,000
16 May 2019Al Goze Industrial Second—BuildingExisting PropertiesNot specified130,383 sqftAED 568/sqftAED 74,000,000
8 May 2019Palm JumeirahONE AT PALM JUMEIRAHPalm JumeirahFlatOff-Plan Properties5 B/R24,018 sqftAED 3,081/sqftAED 74,000,000
14 May 2019Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTBuildingExisting PropertiesNot specified20,002 sqftAED 3,400/sqftAED 68,000,000
13 May 2019Burj KhalifaIl PRIMODownTown DubaiFlatOff-Plan Properties6 B/R19,004 sqftAED 3,337/sqftAED 63,412,100
30 May 2019Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified94,841 sqftAED 589/sqftAED 55,875,000
6 May 2019Palm JumeirahTHE ROYAL ATLANTIS,RESORT AND RESIDENCESPalm JumeirahFlatOff-Plan Properties3 B/R6,803 sqftAED 6,320/sqftAED 43,000,000
30 May 2019Palm JumeirahTHE ROYAL ATLANTIS,RESORT AND RESIDENCESPalm JumeirahFlatOff-Plan Properties4 B/R6,921 sqftAED 5,779/sqftAED 40,000,000
6 May 2019Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified32,849 sqftAED 1,111/sqftAED 36,500,000

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.