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Monthly report

Dubai property market — March 2020

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

Sales3,039Registered in March 2020up15.3% vs a year earlier
Total valueAED 6.82BRegistered in March 2020Across 93 communities
Price per sqftAED 1,001/sqftMedian across March 2020up1.7% vs a year earlier
Sale priceAED 1.21MMedian across March 202048% sold off-plan

In a sentence

The Land Department registered 3,039 property sales in March 2020, worth AED 6.82B in total, across 93 communities. That is 15% more than the same month a year earlier.

The median sale was AED 1,214,100 at AED 1,001/sqft, 1.7% above the same month last year. 48% of sales were off-plan.

Marsa Dubai was the busiest community with 379 registered sales, and also took the most money at AED 860.37M.

Against the previous month, Al Thanyah Fifth rose 48% to 166 sales, while Madinat Al Mataar fell 63% to 61.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai379+16.3%AED 860.37MAED 1.82MAED 1,485/sqft30%
Business Bay253-14.2%AED 315.94MAED 1.15MAED 1,519/sqft63%
Burj Khalifa214-37.2%AED 597.11MAED 2.10MAED 1,960/sqft63%
Al Thanyah Fifth166+48.2%AED 193.65MAED 650KAED 856/sqft37%
Al Merkadh162-36.7%AED 357.63MAED 1.28MAED 1,388/sqft82%
Al Barsha South Fourth158-25.1%AED 424.61MAED 611KAED 914/sqft61%
Hadaeq Sheikh Mohammed Bin Rashid114+12.9%AED 298.20MAED 2.03MAED 1,099/sqft49%
Palm Jumeirah112+15.5%AED 224.59MAED 1.00MAED 1,731/sqft63%
Wadi Al Safa 5105-56.3%AED 180.11MAED 1.32MAED 882/sqft59%
Al Warsan First97+44.8%AED 91.80MAED 285KAED 475/sqft4%
Jabal Ali First81+22.7%AED 101.58MAED 849KAED 669/sqft17%
Wadi Al Safa 280-50.0%AED 53.34MAED 373KAED 861/sqft73%
Jumeirah First78+290.0%AED 222.36MAED 2.06MAED 1,766/sqft94%
Al Khairan First73-62.6%AED 122.28MAED 1.47MAED 1,603/sqft95%
Al Hebiah Fourth67+24.1%AED 44.64MAED 400KAED 673/sqft51%

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 860.37M379
Burj KhalifaAED 597.11M214
Al Barsha South FourthAED 424.61M158
Um Suqaim ThirdAED 395.08M17
Al MerkadhAED 357.63M162
Al Safouh FirstAED 330.58M2
Business BayAED 315.94M253
Hadaeq Sheikh Mohammed Bin RashidAED 298.20M114
Palm JumeirahAED 224.59M112
Jumeirah FirstAED 222.36M78

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
Madinat Al Mataar61-63.0%
Al Khairan First73-62.6%
Wadi Al Safa 5105-56.3%
Wadi Al Safa 280-50.0%
Al Thanyah Fifth166+48.2%
Al Warsan First97+44.8%
Al Hebiah Third57-41.8%
Burj Khalifa214-37.2%
Al Merkadh162-36.7%
Al Yelayiss 250-26.5%

The largest sales of March 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
11 Mar 2020Al Safouh First—Sufouh GardensBuildingExisting PropertiesNot specified33,037 sqftAED 9,989/sqftAED 330,000,000
10 Mar 2020Al Barsha South Fourth—Jumeirah Village CircleBuildingExisting PropertiesNot specified24,254 sqftAED 12,972/sqftAED 314,630,000
25 Mar 2020Madinat Dubai AlmelaheyahNautica OneDubai Maritime CityLandExisting PropertiesNot specified30,011 sqftAED 2,260/sqftAED 67,837,229
10 Mar 2020Jumeirah Second—VillaExisting PropertiesNot specified123,676 sqftAED 523/sqftAED 64,680,000
23 Mar 2020Al Barsha South FifthSantorini Residences by LoutrakiJumeirah Village TriangleLandExisting PropertiesNot specified18,813 sqftAED 3,386/sqftAED 63,710,000
10 Mar 2020Um Suqaim ThirdMarsa Al Arab VillasLandExisting PropertiesNot specified9,147 sqftAED 5,248/sqftAED 48,000,000
9 Mar 2020Um Suqaim ThirdMarsa Al Arab VillasLandExisting PropertiesNot specified9,147 sqftAED 5,248/sqftAED 48,000,000
9 Mar 2020Um Suqaim ThirdMarsa Al Arab VillasLandExisting PropertiesNot specified9,147 sqftAED 5,248/sqftAED 48,000,000
9 Mar 2020Um Suqaim ThirdMarsa Al Arab VillasLandExisting PropertiesNot specified9,147 sqftAED 5,248/sqftAED 48,000,000
9 Mar 2020Um Suqaim ThirdMarsa Al Arab VillasLandExisting PropertiesNot specified9,230 sqftAED 5,200/sqftAED 48,000,000

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.