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Monthly report

Dubai property market — August 2020

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

Sales2,237Registered in August 2020up2.6% vs a year earlier
Total valueAED 4.44BRegistered in August 2020Across 78 communities
Price per sqftAED 800/sqftMedian across August 2020down7.1% vs a year earlier
Sale priceAED 1.10MMedian across August 202026% sold off-plan

In a sentence

The Land Department registered 2,237 property sales in August 2020, worth AED 4.44B in total, across 78 communities. That is 3% more than the same month a year earlier.

The median sale was AED 1,100,000 at AED 800/sqft, 7.1% below the same month last year. 26% of sales were off-plan.

Al Yelayiss 2 was the busiest community with 189 registered sales, while Palm Jumeirah took the most money at AED 374.75M.

Against the previous month, Al Thanyah Fifth rose 55% to 121 sales, while Al Warsan First fell 42% to 84.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Yelayiss 2189-5.0%AED 172.99MAED 861KAED 931/sqft12%
Marsa Dubai181+7.1%AED 302.15MAED 1.50MAED 1,176/sqft25%
Al Barsha South Fourth133-26.5%AED 92.59MAED 590KAED 747/sqft50%
Business Bay127-8.0%AED 223.46MAED 900KAED 1,250/sqft43%
Al Thanyah Fifth121+55.1%AED 161.38MAED 900KAED 640/sqft17%
Palm Jumeirah107+2.9%AED 374.75MAED 1.40MAED 1,696/sqft44%
Burj Khalifa97-26.5%AED 266.82MAED 2.00MAED 1,510/sqft16%
Hadaeq Sheikh Mohammed Bin Rashid90+7.1%AED 221.49MAED 1.85MAED 920/sqft42%
Wadi Al Safa 590+109.3%AED 120.67MAED 1.10MAED 907/sqft27%
Al Warsan First84-42.5%AED 41.55MAED 280KAED 432/sqft14%
Al Hebiah Fourth73-1.4%AED 50.92MAED 403KAED 478/sqft10%
Nad Al Shiba Third73+4.3%AED 178.31MAED 2.40MAED 475/sqft0%
Jabal Ali First66-17.5%AED 105.57MAED 1.65MAED 586/sqft5%
Al Barshaa South Third65+75.7%AED 41.08MAED 584KAED 995/sqft58%
Al Merkadh57-31.3%AED 121.97MAED 1.07MAED 1,346/sqft81%

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
Palm JumeirahAED 374.75M107
Island 2AED 317.12M25
Marsa DubaiAED 302.15M181
Burj KhalifaAED 266.82M97
Business BayAED 223.46M127
Hadaeq Sheikh Mohammed Bin RashidAED 221.49M90
Al Thanayah FourthAED 187.55M41
Nad Al Shiba ThirdAED 178.31M73
Al Yelayiss 2AED 172.99M189
Al Thanyah FifthAED 161.38M121

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 Thanyah Fifth121+55.1%
Al Warsan First84-42.5%
Al Merkadh57-31.3%
Al Barsha South Fourth133-26.5%
Burj Khalifa97-26.5%
Nadd Hessa51-17.7%
Jabal Ali First66-17.5%
Business Bay127-8.0%
Hadaeq Sheikh Mohammed Bin Rashid90+7.1%
Marsa Dubai181+7.1%

The largest sales of August 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
5 Aug 2020Al Barsha First—BuildingExisting PropertiesNot specified18,591 sqftAED 3,980/sqftAED 74,000,000
20 Aug 2020Al Thanayah FourthADDRESS MONTGOMERIEEmirates LivingHotelExisting PropertiesNot specified50,374 sqftAED 1,342/sqftAED 67,594,180
10 Aug 2020Business BayLuxury Family Residence IIIBusiness BayLandExisting PropertiesNot specified33,920 sqftAED 1,818/sqftAED 61,650,000
17 Aug 2020Nad Al Hamar—LandExisting PropertiesNot specified261,811 sqftAED 195/sqftAED 51,000,000
5 Aug 2020Island 2—Jumeira BayLandExisting PropertiesNot specified24,115 sqftAED 1,514/sqftAED 36,500,000
5 Aug 2020Island 2—LandExisting PropertiesNot specified24,113 sqftAED 1,514/sqftAED 36,500,000
10 Aug 2020Al Warqa First—BuildingExisting PropertiesNot specified41,942 sqftAED 805/sqftAED 33,760,000
4 Aug 2020Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified20,506 sqftAED 1,609/sqftAED 33,000,000
27 Aug 2020Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified511,852 sqftAED 55/sqftAED 28,050,000
6 Aug 2020Hadaeq Sheikh Mohammed Bin RashidDubai Hills - Hills View CommunityDUBAI HILLS - HILLS VIEWLandExisting PropertiesNot specified34,316 sqftAED 696/sqftAED 23,873,500

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.