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Quarterly report

Dubai property market — Q2 2019

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2019. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales8,463Registered in Q2 2019up0.3% vs a year earlier
Total valueAED 17.71BRegistered in Q2 2019Across 102 communities
Price per sqftAED 998/sqftMedian across Q2 2019down7% vs a year earlier
Sale priceAED 1.11MMedian across Q2 201954% sold off-plan

In a sentence

The Land Department registered 8,463 property sales in Q2 2019, worth AED 17.71B in total, across 102 communities. That is 0% more than the same quarter a year earlier.

The median sale was AED 1,106,888 at AED 998/sqft, 7% below the same quarter last year. 54% of sales were off-plan.

Burj Khalifa was the busiest community with 733 registered sales, and also took the most money at AED 3.12B.

Against the previous quarter, Al Khairan First rose 96% to 466 sales, while Zaabeel Second fell 46% to 66.

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 Q2 2019, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Burj Khalifa733+70.9%AED 3.12BAED 1.85MAED 1,905/sqft75%
Marsa Dubai646-4.2%AED 1.80BAED 1.54MAED 1,492/sqft44%
Business Bay597-11.9%AED 748.83MAED 952KAED 1,337/sqft50%
Al Merkadh534+93.5%AED 811.75MAED 695KAED 1,483/sqft96%
Al Barsha South Fourth512+57.5%AED 422.11MAED 650KAED 940/sqft52%
Al Khairan First466+95.8%AED 782.05MAED 1.44MAED 1,494/sqft99%
Hadaeq Sheikh Mohammed Bin Rashid448-41.5%AED 972.21MAED 1.11MAED 1,348/sqft87%
Al Thanyah Fifth435+4.8%AED 396.69MAED 460KAED 925/sqft49%
Madinat Al Mataar416+67.7%AED 366.51MAED 999KAED 711/sqft96%
Al Warsan First278-16.5%AED 226.24MAED 310KAED 478/sqft4%
Me'Aisem First251+85.9%AED 228.80MAED 265KAED 103/sqft12%
Wadi Al Safa 7189-31.3%AED 447.78MAED 1.78MAED 803/sqft67%
Wadi Al Safa 5188-12.1%AED 308.23MAED 1.38MAED 671/sqft72%
Jabal Ali First182-15.3%AED 232.63MAED 523KAED 686/sqft12%
Palm Jumeirah178-42.9%AED 946.04MAED 2.00MAED 1,363/sqft23%

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 3.12B733
Marsa DubaiAED 1.80B646
Hadaeq Sheikh Mohammed Bin RashidAED 972.21M448
Palm JumeirahAED 946.04M178
Al MerkadhAED 811.75M534
Al Khairan FirstAED 782.05M466
Business BayAED 748.83M597
Al Thanayah FourthAED 567.85M103
Wadi Al Safa 7AED 447.78M189
Al Barsha South FourthAED 422.11M512

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
Al Khairan First466+95.8%
Al Merkadh534+93.5%
Me'Aisem First251+85.9%
Burj Khalifa733+70.9%
Madinat Al Mataar416+67.7%
Al Barsha South Fourth512+57.5%
Al Yelayiss 2154+48.1%
Zaabeel Second66-46.3%
Palm Jumeirah178-42.9%
Hadaeq Sheikh Mohammed Bin Rashid448-41.5%

The largest sales of Q2 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
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

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.