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Annual report

Dubai property market — 2022

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2022. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales95,666Registered in 2022up60.8% vs the year before
Total valueAED 262.55BRegistered in 2022Across 168 communities
Price per sqftAED 1,199/sqftMedian across 2022up21.9% vs the year before
Sale priceAED 1.57MMedian across 202244% sold off-plan

In a sentence

The Land Department registered 95,666 property sales in 2022, worth AED 262.55B in total, across 168 communities. That is 61% more than the year before.

The median sale was AED 1,575,000 at AED 1,199/sqft, 21.9% above the year before. 44% of sales were off-plan.

Business Bay was the busiest community with 10,183 registered sales, while Palm Jumeirah took the most money at AED 27.66B.

Against the previous year, Al Hebiah Fifth rose 1,767% to 5,677 sales, while Nad Al Shiba Third fell 83% to 115.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2022, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay10,183+98.0%AED 17.52BAED 1.22MAED 1,776/sqft58%
Marsa Dubai7,422+22.7%AED 26.08BAED 2.20MAED 2,212/sqft41%
Al Barsha South Fourth5,999+62.9%AED 5.60BAED 677KAED 935/sqft48%
Al Merkadh5,732+127.4%AED 13.95BAED 1.26MAED 1,690/sqft82%
Al Hebiah Fifth5,677+1767.4%AED 13.94BAED 1.79MAED 1,103/sqft1%
Burj Khalifa5,089+98.2%AED 16.72BAED 2.38MAED 2,446/sqft57%
Jabal Ali First4,834+199.9%AED 9.52BAED 1.65MAED 823/sqft21%
Hadaeq Sheikh Mohammed Bin Rashid3,674+15.2%AED 14.28BAED 1.72MAED 1,615/sqft53%
Al Khairan First3,624+231.9%AED 7.84BAED 1.88MAED 1,796/sqft77%
Palm Jumeirah3,324+65.9%AED 27.66BAED 3.76MAED 2,776/sqft44%
Wadi Al Safa 53,266+12.5%AED 6.92BAED 1.85MAED 851/sqft61%
Al Thanyah Fifth3,122-15.1%AED 6.32BAED 1.15MAED 907/sqft13%
Al Barshaa South Third2,682+175.9%AED 2.07BAED 615KAED 1,115/sqft72%
Al Wasl2,334+645.7%AED 7.39BAED 2.56MAED 2,038/sqft88%
Madinat Al Mataar2,081+147.1%AED 4.28BAED 1.50MAED 650/sqft67%

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 27.66B3,324
Marsa DubaiAED 26.08B7,422
Business BayAED 17.52B10,183
Burj KhalifaAED 16.72B5,089
Hadaeq Sheikh Mohammed Bin RashidAED 14.28B3,674
Al MerkadhAED 13.95B5,732
Al Hebiah FifthAED 13.94B5,677
Jabal Ali FirstAED 9.52B4,834
Al Khairan FirstAED 7.84B3,624
Al WaslAED 7.39B2,334

Biggest movers

Change in registered sales against the previous year. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Hebiah Fifth5,677+1767.4%
Al Wasl2,334+645.7%
Al Kifaf466+348.1%
Al Khairan First3,624+231.9%
Jabal Ali First4,834+199.9%
Al Barshaa South Third2,682+175.9%
Um Suqaim Third1,006+166.8%
Al Hebiah Sixth846+157.9%
Madinat Al Mataar2,081+147.1%
Al Merkadh5,732+127.4%

The largest sales of 2022

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
4 Jul 2022Me'Aisem Second—LandExisting PropertiesNot specified32,018,664 sqftAED 47/sqftAED 1,500,000,000
13 Sept 2022Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified26,132,904 sqftAED 38/sqftAED 988,000,000
13 Oct 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified59,569 sqftAED 10,072/sqftAED 600,000,000
25 Feb 2022Marsa DubaiBeachgate by AddressDubai HarbourLandExisting PropertiesNot specified96,038 sqftAED 5,580/sqftAED 535,920,000
10 Jan 2022Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified507,475 sqftAED 985/sqftAED 500,100,000
7 Jan 2022Marsa DubaiGrand Bleu Tower interiors by Elie SaabDubai HarbourBuildingExisting PropertiesNot specified68,889 sqftAED 7,181/sqftAED 494,710,000
25 Feb 2022Marsa DubaiAddress The BayDubai HarbourLandExisting PropertiesNot specified83,825 sqftAED 5,688/sqftAED 476,810,000
4 Jul 2022Me'Aisem Second—LandExisting PropertiesNot specified19,037,573 sqftAED 22/sqftAED 423,939,444
3 Mar 2022Marsa DubaiBeach MansionDubai HarbourLandExisting PropertiesNot specified68,889 sqftAED 5,994/sqftAED 412,950,000
7 Jan 2022Marsa DubaiMARINA VISTADubai HarbourBuildingExisting PropertiesNot specified68,889 sqftAED 5,830/sqftAED 401,620,000

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.