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Quarterly report

Dubai property market — Q4 2019

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2019. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,728Registered in Q4 2019up42% vs a year earlier
Total valueAED 23.06BRegistered in Q4 2019Across 122 communities
Price per sqftAED 948/sqftMedian across Q4 2019up1.9% vs a year earlier
Sale priceAED 1.28MMedian across Q4 201959% sold off-plan

In a sentence

The Land Department registered 11,728 property sales in Q4 2019, worth AED 23.06B in total, across 122 communities. That is 42% more than the same quarter a year earlier.

The median sale was AED 1,275,888 at AED 948/sqft, 1.9% above the same quarter last year. 59% of sales were off-plan.

Marsa Dubai was the busiest community with 992 registered sales, and also took the most money at AED 2.54B.

Against the previous quarter, Jumeirah First rose 292% to 502 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 33% to 407.

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 Q4 2019, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai992+8.2%AED 2.54BAED 1.87MAED 1,900/sqft35%
Wadi Al Safa 5932+50.1%AED 1.41BAED 1.36MAED 745/sqft90%
Business Bay804+82.7%AED 979.10MAED 1.04MAED 1,564/sqft67%
Madinat Al Mataar709+41.8%AED 783.28MAED 1.10MAED 701/sqft94%
Al Khairan First687+43.7%AED 1.21BAED 1.30MAED 1,427/sqft97%
Jumeirah First502+292.2%AED 1.53BAED 2.11MAED 1,736/sqft97%
Burj Khalifa490-2.2%AED 1.31BAED 2.12MAED 1,847/sqft57%
Al Barsha South Fourth413+3.3%AED 904.92MAED 540KAED 839/sqft38%
Hadaeq Sheikh Mohammed Bin Rashid407-33.4%AED 1.02BAED 1.60MAED 1,279/sqft67%
Al Thanyah Fifth384+25.1%AED 664.10MAED 667KAED 774/sqft29%
Al Merkadh366+11.9%AED 669.10MAED 833KAED 1,522/sqft93%
Al Warsan First366+13.7%AED 162.28MAED 300KAED 475/sqft2%
Jabal Ali First324-19.0%AED 322.86MAED 681KAED 883/sqft47%
Wadi Al Safa 2263-17.0%AED 133.16MAED 355KAED 824/sqft77%
Al Hebiah Third255+58.4%AED 430.22MAED 970KAED 1,083/sqft47%

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 2.54B992
Jumeirah FirstAED 1.53B502
Wadi Al Safa 5AED 1.41B932
Burj KhalifaAED 1.31B490
Al Khairan FirstAED 1.21B687
Hadaeq Sheikh Mohammed Bin RashidAED 1.02B407
Business BayAED 979.10M804
Al Barsha South FourthAED 904.92M413
Island 2AED 811.54M104
Madinat Al MataarAED 783.28M709

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
Jumeirah First502+292.2%
Al Yelayiss 1255+200.0%
Al Wasl160+92.8%
Business Bay804+82.7%
Um Suqaim Third144+73.5%
Al Hebiah Third255+58.4%
Wadi Al Safa 5932+50.1%
Nadd Hessa192+46.6%
Al Khairan First687+43.7%
Madinat Al Mataar709+41.8%

The largest sales of Q4 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
14 Oct 2019Al Thanyah FifthHilton Residences Dubai Jumeirah Lakes TowersDMCC Master CommunityBuildingExisting PropertiesNot specified21,635 sqftAED 9,776/sqftAED 211,500,000
21 Oct 2019Al Yufrah 1—LandExisting PropertiesNot specified11,136,138 sqftAED 18/sqftAED 200,100,000
24 Dec 2019Al Barsha South FourthBinghatti ApexJumeirah Village CircleLandExisting PropertiesNot specified44,519 sqftAED 2,880/sqftAED 128,217,000
23 Dec 2019World Islands—The WorldLandExisting PropertiesNot specified1,132,844 sqftAED 100/sqftAED 112,774,472
10 Oct 2019Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified23,340 sqftAED 4,713/sqftAED 110,000,000
29 Oct 2019Al Khawaneej First—LandExisting PropertiesNot specified563,486 sqftAED 180/sqftAED 101,427,660
24 Oct 2019Al Khairan First—The LagoonsLandExisting PropertiesNot specified125,924 sqftAED 794/sqftAED 100,040,107
3 Oct 2019Trade Center First—BuildingExisting PropertiesNot specified25,000 sqftAED 3,644/sqftAED 91,104,000
11 Dec 2019Al Karama—BuildingExisting PropertiesNot specified33,200 sqftAED 2,577/sqftAED 85,550,000
26 Dec 2019Al Goze Industrial Third—BuildingExisting PropertiesNot specified402,869 sqftAED 200/sqftAED 80,600,000

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.