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Quarterly report

Dubai property market — Q2 2020

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2020. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales5,031Registered in Q2 2020down40.6% vs a year earlier
Total valueAED 10.13BRegistered in Q2 2020Across 89 communities
Price per sqftAED 1,030/sqftMedian across Q2 2020up3.2% vs a year earlier
Sale priceAED 1.23MMedian across Q2 202060% sold off-plan

In a sentence

The Land Department registered 5,031 property sales in Q2 2020, worth AED 10.13B in total, across 89 communities. That is 41% fewer than the same quarter a year earlier.

The median sale was AED 1,228,888 at AED 1,030/sqft, 3.2% above the same quarter last year. 60% of sales were off-plan.

Al Merkadh was the busiest community with 541 registered sales, and also took the most money at AED 1.37B.

Against the previous quarter, Um Suqaim Third rose 31% to 114 sales, while Burj Khalifa fell 70% to 211.

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 Q2 2020, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh541+9.7%AED 1.37BAED 1.28MAED 1,670/sqft93%
Marsa Dubai470-51.5%AED 1.14BAED 1.70MAED 1,965/sqft62%
Al Barsha South Fourth381-16.1%AED 341.83MAED 538KAED 989/sqft77%
Business Bay370-48.3%AED 534.27MAED 1.19MAED 1,536/sqft62%
Wadi Al Safa 5302-40.2%AED 368.45MAED 1.28MAED 662/sqft64%
Hadaeq Sheikh Mohammed Bin Rashid245-16.9%AED 626.75MAED 1.45MAED 1,033/sqft56%
Burj Khalifa211-69.6%AED 706.01MAED 2.55MAED 1,984/sqft55%
Al Warsan First200-20.3%AED 89.38MAED 327KAED 799/sqft65%
Al Thanyah Fifth167-59.5%AED 158.00MAED 465KAED 912/sqft53%
Madinat Al Mataar165-42.1%AED 191.93MAED 1.10MAED 693/sqft84%
Al Khairan First161-57.3%AED 267.54MAED 1.46MAED 1,429/sqft98%
Palm Jumeirah154-43.4%AED 506.19MAED 1.44MAED 1,624/sqft46%
Al Barshaa South Third131-56.2%AED 119.55MAED 675KAED 1,048/sqft64%
Um Suqaim Third114+31.0%AED 276.21MAED 1.46MAED 1,631/sqft98%
Al Yelayiss 299-36.9%AED 95.71MAED 952KAED 773/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
Al MerkadhAED 1.37B541
Marsa DubaiAED 1.14B470
Burj KhalifaAED 706.01M211
Hadaeq Sheikh Mohammed Bin RashidAED 626.75M245
Business BayAED 534.27M370
Palm JumeirahAED 506.19M154
Wadi Al Safa 5AED 368.45M302
Al Barsha South FourthAED 341.83M381
Madinat Dubai AlmelaheyahAED 291.69M5
Um Suqaim ThirdAED 276.21M114

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
Burj Khalifa211-69.6%
Jabal Ali First87-60.6%
Al Thanyah Fifth167-59.5%
Al Khairan First161-57.3%
Al Barshaa South Third131-56.2%
Al Hebiah Third91-52.8%
Marsa Dubai470-51.5%
Nadd Hessa90-50.5%
Al Hebiah Fourth96-49.7%
Business Bay370-48.3%

The largest sales of Q2 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
29 Jun 2020Al Yufrah 1—LandExisting PropertiesNot specified10,894,900 sqftAED 18/sqftAED 200,100,000
2 Jun 2020Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified30,011 sqftAED 3,729/sqftAED 111,920,894
16 Jun 2020Wadi Al Safa 2Q - Zone (Qpoint - Phase III) MU007Liwan1BuildingExisting PropertiesNot specified50,600 sqftAED 1,581/sqftAED 80,000,000
3 Jun 2020Madinat Dubai AlmelaheyahPrestige One ResidencesDubai Maritime CityLandExisting PropertiesNot specified61,023 sqftAED 1,243/sqftAED 75,881,042
22 May 2020Madinat Dubai AlmelaheyahCORAL REEFDubai Maritime CityLandExisting PropertiesNot specified30,011 sqftAED 2,381/sqftAED 71,470,410
12 May 2020Um Al Sheif—LandExisting PropertiesNot specified15,036 sqftAED 4,190/sqftAED 63,000,000
24 Jun 2020Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY- DISTRICT ONE, PHASE 1VillaExisting PropertiesNot specified29,819 sqftAED 2,012/sqftAED 60,000,000
1 May 2020Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASVillaExisting PropertiesNot specified22,757 sqftAED 2,549/sqftAED 58,000,000
4 May 2020Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASVillaExisting PropertiesNot specified22,598 sqftAED 2,478/sqftAED 56,000,000
6 Apr 2020BukadraHelvetia VerdeLandExisting PropertiesNot specified27,930 sqftAED 1,980/sqftAED 55,291,720

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.