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Monthly report

Dubai property market — February 2021

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2021. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales3,421Registered in February 2021down6.9% vs a year earlier
Total valueAED 6.77BRegistered in February 2021Across 94 communities
Price per sqftAED 870/sqftMedian across February 2021down8.5% vs a year earlier
Sale priceAED 1.18MMedian across February 202131% sold off-plan

In a sentence

The Land Department registered 3,421 property sales in February 2021, worth AED 6.77B in total, across 94 communities. That is 7% fewer than the same month a year earlier.

The median sale was AED 1,175,000 at AED 870/sqft, 8.5% below the same month last year. 31% of sales were off-plan.

Business Bay was the busiest community with 394 registered sales, while Marsa Dubai took the most money at AED 683.29M.

Against the previous month, Al Merkadh rose 52% to 117 sales, while Wadi Al Safa 5 fell 50% to 57.

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 2021, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay394+25.9%AED 525.82MAED 1.23MAED 1,244/sqft47%
Marsa Dubai320+10.0%AED 683.29MAED 1.56MAED 1,347/sqft26%
Al Barsha South Fourth214-13.0%AED 203.77MAED 670KAED 853/sqft57%
Hadaeq Sheikh Mohammed Bin Rashid196+43.1%AED 487.01MAED 1.86MAED 1,014/sqft45%
Al Thanyah Fifth186+16.3%AED 257.93MAED 774KAED 718/sqft17%
Palm Jumeirah166+37.2%AED 575.59MAED 1.66MAED 1,497/sqft42%
Burj Khalifa142+26.8%AED 362.17MAED 2.16MAED 1,690/sqft22%
Al Merkadh117+51.9%AED 395.15MAED 2.04MAED 1,731/sqft86%
Al Warsan First115+18.6%AED 62.64MAED 295KAED 437/sqft21%
Al Hebiah Fourth114+1.8%AED 105.03MAED 480KAED 596/sqft20%
Al Yelayiss 2106-16.5%AED 104.53MAED 931KAED 843/sqft8%
Warsan Fourth104+2500.0%AED 50.69MAED 243KAED 391/sqft0%
Jabal Ali First87+26.1%AED 82.63MAED 457KAED 550/sqft1%
Al Hebiah Third840.0%AED 182.98MAED 1.80MAED 794/sqft13%
Al Jadaf82+34.4%AED 94.51MAED 617KAED 810/sqft89%

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 683.29M320
Palm JumeirahAED 575.59M166
Business BayAED 525.82M394
Hadaeq Sheikh Mohammed Bin RashidAED 487.01M196
Al MerkadhAED 395.15M117
Burj KhalifaAED 362.17M142
Al Thanayah FourthAED 273.73M48
Al Thanyah FifthAED 257.93M186
Al Barsha South FourthAED 203.77M214
Al Hebiah ThirdAED 182.98M84

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 Merkadh117+51.9%
Wadi Al Safa 557-50.4%
Hadaeq Sheikh Mohammed Bin Rashid196+43.1%
Palm Jumeirah166+37.2%
Al Jadaf82+34.4%
Nad Al Shiba Third68-26.9%
Burj Khalifa142+26.8%
Jabal Ali First87+26.1%
Business Bay394+25.9%
Al Warsan First115+18.6%

The largest sales of February 2021

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
8 Feb 2021Saih Shuaib 3—Dubai Industrial CityLandExisting PropertiesNot specified1,128,169 sqftAED 77/sqftAED 86,869,104
18 Feb 2021Jabal Ali Industrial SecondArian By AziziDown Town Jabal AliLandExisting PropertiesNot specified37,301 sqftAED 2,083/sqftAED 77,700,000
1 Feb 2021Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified28,494 sqftAED 1,755/sqftAED 50,000,000
1 Feb 2021Palm JumeirahPalme CouturePalm JumeirahFlatExisting Properties5 B/R10,087 sqftAED 4,312/sqftAED 43,500,000
23 Feb 2021Al Khawaneej First—LandExisting PropertiesNot specified70,000 sqftAED 575/sqftAED 40,250,000
11 Feb 2021Island 2—Jumeira BayLandExisting PropertiesNot specified23,315 sqftAED 1,673/sqftAED 39,000,000
1 Feb 2021Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified28,887 sqftAED 1,298/sqftAED 37,500,000
11 Feb 2021Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified24,099 sqftAED 1,523/sqftAED 36,700,000
15 Feb 2021Island 2—Jumeira BayLandExisting PropertiesNot specified24,438 sqftAED 1,494/sqftAED 36,500,000
15 Feb 2021Island 2—Jumeira BayLandExisting PropertiesNot specified24,437 sqftAED 1,494/sqftAED 36,500,000

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.