← All reports

Monthly report

Dubai property market — February 2020

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2020. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales3,676Registered in February 2020up27.2% vs a year earlier
Total valueAED 8.68BRegistered in February 2020Across 97 communities
Price per sqftAED 951/sqftMedian across February 2020down1.6% vs a year earlier
Sale priceAED 1.20MMedian across February 202059% sold off-plan

In a sentence

The Land Department registered 3,676 property sales in February 2020, worth AED 8.68B in total, across 97 communities. That is 27% more than the same month a year earlier.

The median sale was AED 1,201,888 at AED 951/sqft, 1.6% below the same month last year. 59% of sales were off-plan.

Burj Khalifa was the busiest community with 341 registered sales, and also took the most money at AED 834.33M.

Against the previous month, Al Merkadh rose 241% to 256 sales, while Al Warsan First fell 23% to 67.

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 February 2020, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Burj Khalifa341+143.6%AED 834.33MAED 1.87MAED 1,924/sqft77%
Marsa Dubai326+23.0%AED 728.57MAED 1.75MAED 1,787/sqft44%
Business Bay295+75.6%AED 338.62MAED 1.06MAED 1,499/sqft64%
Al Merkadh256+241.3%AED 403.72MAED 1.22MAED 1,336/sqft96%
Wadi Al Safa 5240+50.0%AED 366.88MAED 1.35MAED 868/sqft90%
Al Barsha South Fourth211+148.2%AED 165.64MAED 658KAED 848/sqft50%
Al Khairan First195+78.9%AED 330.10MAED 1.47MAED 1,688/sqft96%
Madinat Al Mataar165+179.7%AED 170.18MAED 1.09MAED 706/sqft92%
Wadi Al Safa 2160+370.6%AED 70.51MAED 350KAED 854/sqft84%
Al Thanyah Fifth112-16.4%AED 135.82MAED 875KAED 698/sqft9%
Hadaeq Sheikh Mohammed Bin Rashid101+26.3%AED 366.00MAED 1.53MAED 1,355/sqft64%
Al Hebiah Third98+157.9%AED 139.28MAED 797KAED 1,095/sqft53%
Palm Jumeirah97+54.0%AED 249.88MAED 1.43MAED 842/sqft9%
Nadd Hessa77+75.0%AED 82.10MAED 445KAED 671/sqft53%
Al Yelayiss 268+74.4%AED 68.77MAED 982KAED 805/sqft75%

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 834.33M341
Marsa DubaiAED 728.57M326
Trade Center FirstAED 700.20M1
Wadi Al Safa 4AED 552.86M14
Al MerkadhAED 403.72M256
Nad Al Shiba ThirdAED 379.29M1
Wadi Al Safa 5AED 366.88M240
Hadaeq Sheikh Mohammed Bin RashidAED 366.00M101
Business BayAED 338.62M295
Al Khairan FirstAED 330.10M195

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 Merkadh256+241.3%
Madinat Al Mataar165+179.7%
Al Barsha South Fourth211+148.2%
Burj Khalifa341+143.6%
Al Khairan First195+78.9%
Business Bay295+75.6%
Palm Jumeirah97+54.0%
Wadi Al Safa 5240+50.0%
Hadaeq Sheikh Mohammed Bin Rashid101+26.3%
Marsa Dubai326+23.0%

The largest sales of February 2020

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
3 Feb 2020Trade Center First—BuildingExisting PropertiesNot specified25,000 sqftAED 28,008/sqftAED 700,200,000
17 Feb 2020Nad Al Shiba Third—BuildingExisting PropertiesNot specified1,358,419 sqftAED 279/sqftAED 379,290,908
27 Feb 2020Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified83,679 sqftAED 3,585/sqftAED 300,000,000
3 Feb 2020Al Garhoud—BuildingExisting PropertiesNot specified184,634 sqftAED 1,278/sqftAED 236,010,000
26 Feb 2020Madinat Dubai AlmelaheyahOceanz 3 By DanubeDubai Maritime CityLandExisting PropertiesNot specified41,855 sqftAED 2,132/sqftAED 89,224,956
3 Feb 2020Hadaeq Sheikh Mohammed Bin RashidDubai Hills - Hills Grove CommunityDUBAI HILLS - HILLS GROVELandExisting PropertiesNot specified42,543 sqftAED 1,763/sqftAED 75,000,000
25 Feb 2020Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified125,002 sqftAED 556/sqftAED 69,450,000
25 Feb 2020Wadi Al Safa 4Azizi Milan HeightsCity Of ArabiaLandExisting PropertiesNot specified125,000 sqftAED 556/sqftAED 69,450,000
25 Feb 2020Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified125,001 sqftAED 556/sqftAED 69,450,000
24 Feb 2020Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified125,002 sqftAED 556/sqftAED 69,450,000

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.