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Quarterly report

Dubai property market — Q3 2019

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2019. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,061Registered in Q3 2019up33.1% vs a year earlier
Total valueAED 17.24BRegistered in Q3 2019Across 116 communities
Price per sqftAED 932/sqftMedian across Q3 2019up0.7% vs a year earlier
Sale priceAED 1.21MMedian across Q3 201956% sold off-plan

In a sentence

The Land Department registered 9,061 property sales in Q3 2019, worth AED 17.24B in total, across 116 communities. That is 33% more than the same quarter a year earlier.

The median sale was AED 1,210,167 at AED 932/sqft, 0.7% above the same quarter last year. 56% of sales were off-plan.

Marsa Dubai was the busiest community with 917 registered sales, and also took the most money at AED 1.97B.

Against the previous quarter, Wadi Al Safa 2 rose 334% to 317 sales, while Al Merkadh fell 39% to 327.

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 Q3 2019, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai917+42.0%AED 1.97BAED 1.65MAED 1,325/sqft41%
Wadi Al Safa 5621+230.3%AED 922.88MAED 1.34MAED 750/sqft91%
Hadaeq Sheikh Mohammed Bin Rashid611+36.4%AED 1.23BAED 1.04MAED 1,351/sqft87%
Burj Khalifa501-31.7%AED 1.36BAED 1.70MAED 1,962/sqft68%
Madinat Al Mataar500+20.2%AED 469.30MAED 1.07MAED 714/sqft95%
Al Khairan First478+2.6%AED 818.71MAED 1.43MAED 1,488/sqft97%
Business Bay440-26.3%AED 771.71MAED 1.07MAED 1,278/sqft56%
Al Barsha South Fourth400-21.9%AED 417.42MAED 650KAED 933/sqft47%
Jabal Ali First400+119.8%AED 550.35MAED 1.69MAED 670/sqft12%
Al Merkadh327-38.8%AED 525.78MAED 747KAED 1,465/sqft93%
Al Warsan First322+15.8%AED 244.33MAED 305KAED 471/sqft2%
Wadi Al Safa 2317+334.2%AED 158.97MAED 295KAED 400/sqft83%
Al Thanyah Fifth307-29.4%AED 362.61MAED 684KAED 820/sqft23%
Al Hebiah Fourth216+32.5%AED 152.64MAED 450KAED 702/sqft35%
Palm Jumeirah190+6.7%AED 860.80MAED 2.22MAED 1,317/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
Marsa DubaiAED 1.97B917
Burj KhalifaAED 1.36B501
Hadaeq Sheikh Mohammed Bin RashidAED 1.23B611
Wadi Al Safa 5AED 922.88M621
Palm JumeirahAED 860.80M190
Al Khairan FirstAED 818.71M478
Business BayAED 771.71M440
Jabal Ali FirstAED 550.35M400
Al MerkadhAED 525.78M327
Madinat Al MataarAED 469.30M500

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 2317+334.2%
Wadi Al Safa 5621+230.3%
Jabal Ali First400+119.8%
Marsa Dubai917+42.0%
Al Merkadh327-38.8%
Me'Aisem First156-37.8%
Hadaeq Sheikh Mohammed Bin Rashid611+36.4%
Al Wasl83+33.9%
Al Hebiah Fourth216+32.5%
Burj Khalifa501-31.7%

The largest sales of Q3 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
30 Sept 2019Al Thanyah ThirdThe GreensBuildingExisting PropertiesNot specified59,643 sqftAED 3,315/sqftAED 197,730,769
27 Aug 2019Al Qusais Industrial SecondBuildingExisting PropertiesNot specified56,600 sqftAED 2,319/sqftAED 131,255,000
1 Jul 2019Business BayBusiness BayLandExisting PropertiesNot specified59,387 sqftAED 1,896/sqftAED 112,576,000
11 Jul 2019Burj KhalifaBusiness BayLandExisting PropertiesNot specified54,031 sqftAED 1,906/sqftAED 103,000,000
22 Jul 2019Business BayBinghatti SkyhallBusiness BayLandExisting PropertiesNot specified61,405 sqftAED 1,515/sqftAED 93,000,000
25 Sept 2019Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASVillaExisting PropertiesNot specified22,858 sqftAED 3,937/sqftAED 90,000,000
8 Aug 2019Al Barsha FirstBuildingExisting PropertiesNot specified39,300 sqftAED 2,290/sqftAED 90,000,000
8 Jul 2019Dubai Investment Park SecondRITAJDubai Investment Park SecondBuildingExisting PropertiesNot specified67,640 sqftAED 909/sqftAED 61,500,000
5 Aug 2019Jumeirah FirstLA MERLandExisting PropertiesNot specified75,581 sqftAED 741/sqftAED 56,000,000
11 Sept 2019Al Goze FirstBuildingExisting PropertiesNot specified19,860 sqftAED 2,769/sqftAED 55,000,000

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.