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Quarterly report

Dubai property market — Q1 2019

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2019. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales7,659Registered in Q1 2019down11.8% vs a year earlier
Total valueAED 18.04BRegistered in Q1 2019Across 130 communities
Price per sqftAED 966/sqftMedian across Q1 2019down13.4% vs a year earlier
Sale priceAED 1.12MMedian across Q1 201948% sold off-plan

In a sentence

The Land Department registered 7,659 property sales in Q1 2019, worth AED 18.04B in total, across 130 communities. That is 12% fewer than the same quarter a year earlier.

The median sale was AED 1,123,888 at AED 966/sqft, 13.4% below the same quarter last year. 48% of sales were off-plan.

Hadaeq Sheikh Mohammed Bin Rashid was the busiest community with 766 registered sales, while Wadi Al Safa 5 took the most money at AED 1.97B.

Against the previous quarter, Wadi Al Safa 7 rose 189% to 275 sales, while Al Warsan First fell 66% to 333.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2019, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Hadaeq Sheikh Mohammed Bin Rashid766+99.5%AED 1.21BAED 995KAED 1,388/sqft92%
Business Bay678+4.8%AED 958.72MAED 854KAED 1,202/sqft42%
Marsa Dubai674+20.4%AED 1.44BAED 1.63MAED 1,501/sqft45%
Burj Khalifa429-8.1%AED 1.43BAED 2.34MAED 2,070/sqft63%
Al Thanyah Fifth415+45.6%AED 418.86MAED 665KAED 925/sqft38%
Al Warsan First333-66.4%AED 134.25MAED 310KAED 491/sqft14%
Al Barsha South Fourth325-32.3%AED 319.00MAED 650KAED 771/sqft34%
Palm Jumeirah312+11.4%AED 1.18BAED 1.64MAED 900/sqft7%
Al Merkadh276-19.1%AED 453.66MAED 828KAED 1,503/sqft91%
Wadi Al Safa 7275+189.5%AED 562.77MAED 1.75MAED 771/sqft83%
Madinat Al Mataar248+82.4%AED 257.49MAED 1.06MAED 743/sqft97%
Al Khairan First238-10.2%AED 564.99MAED 1.91MAED 1,668/sqft99%
Jabal Ali First215+25.7%AED 244.56MAED 688KAED 810/sqft7%
Wadi Al Safa 5214-49.4%AED 1.97BAED 1.48MAED 665/sqft56%
Al Hebiah Fourth212-3.6%AED 159.55MAED 540KAED 706/sqft21%

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 1.97B214
Marsa DubaiAED 1.44B674
Burj KhalifaAED 1.43B429
Hadaeq Sheikh Mohammed Bin RashidAED 1.21B766
Palm JumeirahAED 1.18B312
Business BayAED 958.72M678
Ras Al Khor Industrial FirstAED 592.04M8
Al Khairan FirstAED 564.99M238
Wadi Al Safa 7AED 562.77M275
Al Thanayah FourthAED 498.96M88

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Wadi Al Safa 7275+189.5%
Hadaeq Sheikh Mohammed Bin Rashid766+99.5%
Madinat Al Mataar248+82.4%
Al Warsan First333-66.4%
Nad Al Shiba First63-58.6%
Wadi Al Safa 5214-49.4%
Zaabeel Second123+48.2%
Al Thanyah Fifth415+45.6%
Al Yelayiss 2104-38.1%
Al Barsha South Fourth325-32.3%

The largest sales of Q1 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 Jan 2019Burj KhalifaSOLARA TOWER DUBAIDownTown DubaiLandExisting PropertiesNot specified56,022 sqftAED 3,392/sqftAED 190,000,000
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
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
14 Feb 2019Um Suqaim Second—LandExisting PropertiesNot specified320,670 sqftAED 384/sqftAED 123,000,000

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.