← All reports

Monthly report

Dubai property market — March 2022

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

Sales8,278Registered in March 2022up71.1% vs a year earlier
Total valueAED 22.58BRegistered in March 2022Across 114 communities
Price per sqftAED 1,183/sqftMedian across March 2022up28.7% vs a year earlier
Sale priceAED 1.60MMedian across March 202238% sold off-plan

In a sentence

The Land Department registered 8,278 property sales in March 2022, worth AED 22.58B in total, across 114 communities. That is 71% more than the same month a year earlier.

The median sale was AED 1,600,000 at AED 1,183/sqft, 28.7% above the same month last year. 38% of sales were off-plan.

Business Bay was the busiest community with 888 registered sales, while Marsa Dubai took the most money at AED 2.39B.

Against the previous month, Al Hebiah Fourth rose 144% to 263 sales, while Jabal Ali First fell 43% to 241.

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 March 2022, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay888+47.3%AED 1.11BAED 1.05MAED 1,630/sqft62%
Marsa Dubai669+57.0%AED 2.39BAED 2.12MAED 2,313/sqft41%
Al Hebiah Fifth662+75.6%AED 1.38BAED 1.71MAED 1,101/sqft0%
Al Barsha South Fourth526+27.1%AED 461.77MAED 700KAED 996/sqft51%
Burj Khalifa442+92.2%AED 1.39BAED 2.31MAED 2,253/sqft52%
Al Merkadh432-19.4%AED 1.87BAED 1.56MAED 1,566/sqft64%
Wadi Al Safa 5362+5.5%AED 889.68MAED 1.93MAED 883/sqft60%
Al Khairan First352+53.7%AED 829.22MAED 2.00MAED 1,715/sqft82%
Hadaeq Sheikh Mohammed Bin Rashid289+16.5%AED 1.15BAED 1.84MAED 1,406/sqft30%
Al Thanyah Fifth264+46.7%AED 542.72MAED 1.15MAED 876/sqft5%
Al Hebiah Fourth263+143.5%AED 1.18BAED 3.20MAED 1,223/sqft13%
Al Wasl257+1123.8%AED 631.96MAED 1.98MAED 1,800/sqft90%
Palm Jumeirah251+120.2%AED 1.62BAED 3.22MAED 2,154/sqft7%
Jabal Ali First241-43.0%AED 425.93MAED 1.11MAED 724/sqft12%
Al Warsan First218+52.4%AED 93.56MAED 283KAED 443/sqft0%

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 2.39B669
Al MerkadhAED 1.87B432
Palm JumeirahAED 1.62B251
Burj KhalifaAED 1.39B442
Al Hebiah FifthAED 1.38B662
Al Hebiah FourthAED 1.18B263
Hadaeq Sheikh Mohammed Bin RashidAED 1.15B289
Business BayAED 1.11B888
Wadi Al Safa 5AED 889.68M362
Al Khairan FirstAED 829.22M352

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 Hebiah Fourth263+143.5%
Palm Jumeirah251+120.2%
Wadi Al Safa 3107+101.9%
Burj Khalifa442+92.2%
Al Hebiah Fifth662+75.6%
Marsa Dubai669+57.0%
Al Khairan First352+53.7%
Al Warsan First218+52.4%
Business Bay888+47.3%
Al Thanyah Fifth264+46.7%

The largest sales of March 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
3 Mar 2022Marsa DubaiBeach MansionDubai HarbourLandExisting PropertiesNot specified68,889 sqftAED 5,994/sqftAED 412,950,000
11 Mar 2022Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 7,926/sqftAED 198,150,000
22 Mar 2022Nadd HessaTRIA BY DEYAARSilicon OasisLandExisting PropertiesNot specified100,023 sqftAED 1,896/sqftAED 189,653,875
14 Mar 2022Al Safouh FirstBiltmore SufouhSufouh GardensLandExisting PropertiesNot specified58,161 sqftAED 3,095/sqftAED 180,000,000
8 Mar 2022Palm JumeirahSLS RESIDENCES AT PALM JUMEIRAHPalm JumeirahLandExisting PropertiesNot specified160,284 sqftAED 999/sqftAED 160,138,449
1 Mar 2022Marsa DubaiPIER 8Dubai MarinaBuildingExisting PropertiesNot specified43,566 sqftAED 2,500/sqftAED 108,915,000
23 Mar 2022Palm JumeirahMAISON MARGIELA RESIDENCESPalm JumeirahLandExisting PropertiesNot specified56,295 sqftAED 1,600/sqftAED 90,072,752
9 Mar 2022Al Jadaf—Jaddaf WaterfrontLandExisting PropertiesNot specified50,739 sqftAED 1,478/sqftAED 75,000,000
9 Mar 2022Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified32,932 sqftAED 2,277/sqftAED 75,000,000
18 Mar 2022Al Nahda Second—BuildingExisting PropertiesNot specified26,470 sqftAED 2,645/sqftAED 70,000,000

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.