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Monthly report

Dubai property market — February 2022

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

Sales6,115Registered in February 2022up78.7% vs a year earlier
Total valueAED 15.45BRegistered in February 2022Across 103 communities
Price per sqftAED 1,083/sqftMedian across February 2022up24.4% vs a year earlier
Sale priceAED 1.48MMedian across February 202240% sold off-plan

In a sentence

The Land Department registered 6,115 property sales in February 2022, worth AED 15.45B in total, across 103 communities. That is 79% more than the same month a year earlier.

The median sale was AED 1,483,888 at AED 1,083/sqft, 24.4% above the same month last year. 40% of sales were off-plan.

Business Bay was the busiest community with 603 registered sales, while Marsa Dubai took the most money at AED 2.45B.

Against the previous month, Al Thanyah Third rose 91% to 101 sales, while Al Barshaa South Third fell 38% to 149.

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 2022, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay603+6.7%AED 935.20MAED 1.04MAED 1,546/sqft44%
Al Merkadh536+51.8%AED 836.84MAED 820KAED 1,484/sqft90%
Marsa Dubai426-18.9%AED 2.45BAED 2.27MAED 2,298/sqft38%
Jabal Ali First423+8.2%AED 847.40MAED 1.91MAED 719/sqft21%
Al Barsha South Fourth414+18.3%AED 325.46MAED 683KAED 850/sqft38%
Al Hebiah Fifth377-2.8%AED 780.72MAED 1.71MAED 1,075/sqft0%
Wadi Al Safa 5343+12.8%AED 703.70MAED 1.68MAED 834/sqft66%
Hadaeq Sheikh Mohammed Bin Rashid248+57.0%AED 1.02BAED 1.60MAED 1,396/sqft50%
Burj Khalifa230-5.7%AED 978.02MAED 2.42MAED 2,097/sqft38%
Al Khairan First229+6.0%AED 552.83MAED 2.28MAED 1,865/sqft79%
Al Thanyah Fifth180+4.7%AED 335.41MAED 1.10MAED 913/sqft12%
Al Barshaa South Third149-38.2%AED 112.81MAED 650KAED 1,189/sqft72%
Al Warsan First143+52.1%AED 56.48MAED 290KAED 460/sqft8%
Al Yufrah 1133+565.0%AED 217.30MAED 1.59MAED 793/sqft100%
Wadi Al Safa 7125-6.0%AED 229.28MAED 1.50MAED 880/sqft48%

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 2.45B426
Palm JumeirahAED 1.04B114
Hadaeq Sheikh Mohammed Bin RashidAED 1.02B248
Burj KhalifaAED 978.02M230
Business BayAED 935.20M603
Jabal Ali FirstAED 847.40M423
Al MerkadhAED 836.84M536
Al Hebiah FifthAED 780.72M377
Wadi Al Safa 5AED 703.70M343
Al Khairan FirstAED 552.83M229

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 Third101+90.6%
Muhaisanah First98+78.2%
Hadaeq Sheikh Mohammed Bin Rashid248+57.0%
Al Warsan First143+52.1%
Al Merkadh536+51.8%
Al Barshaa South Third149-38.2%
Al Yelayiss 252-36.6%
Al Hebiah Third77+28.3%
Marsa Dubai426-18.9%
Al Barsha South Fourth414+18.3%

The largest sales of February 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
25 Feb 2022Marsa DubaiBeachgate by AddressDubai HarbourLandExisting PropertiesNot specified96,038 sqftAED 5,580/sqftAED 535,920,000
25 Feb 2022Marsa DubaiAddress The BayDubai HarbourLandExisting PropertiesNot specified83,825 sqftAED 5,688/sqftAED 476,810,000
22 Feb 2022Palm JumeirahArmani Beach Residences At Palm JumeirahPalm JumeirahLandExisting PropertiesNot specified220,987 sqftAED 1,086/sqftAED 240,000,000
10 Feb 2022Al Mamzer—LandExisting PropertiesNot specified300,898 sqftAED 440/sqftAED 132,398,200
14 Feb 2022Marsa DubaiJUMEIRAH LIVING MARINA GATEDubai MarinaSized PartitionExisting PropertiesNot specified279,019 sqftAED 452/sqftAED 126,000,000
22 Feb 2022Island 2—Jumeira BayLandExisting PropertiesNot specified16,014 sqftAED 5,508/sqftAED 88,200,000
1 Feb 2022Business BayDorchester Collection DubaiBusiness BayFlatOff-Plan Properties1 B/R17,712 sqftAED 3,890/sqftAED 68,900,000
7 Feb 2022Palm JumeirahTHE ROYAL ATLANTIS,RESORT AND RESIDENCESPalm JumeirahFlatOff-Plan Properties4 B/R7,115 sqftAED 8,844/sqftAED 62,920,000
23 Feb 2022Burj Khalifa—Business BayLandExisting PropertiesNot specified31,922 sqftAED 1,942/sqftAED 62,000,000
7 Feb 2022Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified34,621 sqftAED 1,762/sqftAED 61,000,000

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.