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Monthly report

Dubai property market — December 2020

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

Sales3,505Registered in December 2020down15.3% vs a year earlier
Total valueAED 7.22BRegistered in December 2020Across 92 communities
Price per sqftAED 890/sqftMedian across December 2020down11.5% vs a year earlier
Sale priceAED 1.12MMedian across December 202035% sold off-plan

In a sentence

The Land Department registered 3,505 property sales in December 2020, worth AED 7.22B in total, across 92 communities. That is 15% fewer than the same month a year earlier.

The median sale was AED 1,124,750 at AED 890/sqft, 11.5% below the same month last year. 35% of sales were off-plan.

Business Bay was the busiest community with 347 registered sales, while Marsa Dubai took the most money at AED 725.11M.

Against the previous month, Al Barshaa South Third rose 211% to 165 sales, while Al Hebiah Fourth fell 67% to 118.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay347+18.0%AED 487.96MAED 1.33MAED 1,350/sqft48%
Marsa Dubai293-29.1%AED 725.11MAED 1.50MAED 1,471/sqft26%
Al Barsha South Fourth272+9.2%AED 217.41MAED 650KAED 896/sqft59%
Al Thanyah Fifth171-3.9%AED 245.67MAED 800KAED 634/sqft18%
Al Yelayiss 2169+5.6%AED 144.25MAED 664KAED 926/sqft48%
Hadaeq Sheikh Mohammed Bin Rashid167+12.1%AED 307.95MAED 1.33MAED 1,048/sqft65%
Al Barshaa South Third165+211.3%AED 126.26MAED 675KAED 710/sqft20%
Dubai Investment Park First135+114.3%AED 447.68MAED 3.05MAED 928/sqft0%
Burj Khalifa120-40.3%AED 302.85MAED 2.21MAED 1,653/sqft28%
Al Hebiah Fourth118-67.3%AED 134.38MAED 529KAED 625/sqft32%
Palm Jumeirah118-25.8%AED 469.53MAED 1.64MAED 1,472/sqft30%
Al Merkadh95-29.6%AED 309.50MAED 1.04MAED 1,492/sqft75%
Al Jadaf81+62.0%AED 76.54MAED 638KAED 787/sqft89%
Al Barshaa South Second75+341.2%AED 57.99MAED 695KAED 1,146/sqft93%
Al Hebiah Third73+7.4%AED 135.06MAED 1.70MAED 824/sqft10%

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 725.11M293
Al Barsha FirstAED 536.00M4
Business BayAED 487.96M347
Palm JumeirahAED 469.53M118
Dubai Investment Park FirstAED 447.68M135
Al MerkadhAED 309.50M95
Hadaeq Sheikh Mohammed Bin RashidAED 307.95M167
Burj KhalifaAED 302.85M120
Al Thanayah FourthAED 276.84M52
Al Thanyah FifthAED 245.67M171

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 Barshaa South Third165+211.3%
Dubai Investment Park First135+114.3%
Al Hebiah Fourth118-67.3%
Al Jadaf81+62.0%
Al Thanyah First56-40.4%
Burj Khalifa120-40.3%
Al Merkadh95-29.6%
Marsa Dubai293-29.1%
Wadi Al Safa 571-26.0%
Palm Jumeirah118-25.8%

The largest sales of December 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
10 Dec 2020Al Barsha First—VillaExisting PropertiesNot specified38,917 sqftAED 6,167/sqftAED 240,000,000
10 Dec 2020Al Barsha First—VillaExisting PropertiesNot specified38,917 sqftAED 6,167/sqftAED 240,000,000
10 Dec 2020Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified47,327 sqftAED 1,855/sqftAED 87,780,000
14 Dec 2020Marsa DubaiFranck muller VanguardTECOM Site DBuildingExisting PropertiesNot specified72,104 sqftAED 1,040/sqftAED 75,000,000
22 Dec 2020Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified31,500 sqftAED 1,905/sqftAED 60,000,000
22 Dec 2020Saih Shuaib 4—Dubai Industrial CityLandExisting PropertiesNot specified643,384 sqftAED 85/sqftAED 54,848,093
10 Dec 2020Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified40,720 sqftAED 1,316/sqftAED 53,580,000
7 Dec 2020Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified27,819 sqftAED 1,672/sqftAED 46,500,000
24 Dec 2020Al Barsha First—BuildingExisting PropertiesNot specified11,373 sqftAED 3,869/sqftAED 44,000,000
8 Dec 2020Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified41,244 sqftAED 982/sqftAED 40,500,000

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.