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Monthly report

Dubai property market — May 2022

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

Sales6,501Registered in May 2022up52.7% vs a year earlier
Total valueAED 18.29BRegistered in May 2022Across 97 communities
Price per sqftAED 1,206/sqftMedian across May 2022up27.8% vs a year earlier
Sale priceAED 1.62MMedian across May 202240% sold off-plan

In a sentence

The Land Department registered 6,501 property sales in May 2022, worth AED 18.29B in total, across 97 communities. That is 53% more than the same month a year earlier.

The median sale was AED 1,615,777 at AED 1,206/sqft, 27.8% above the same month last year. 40% of sales were off-plan.

Business Bay was the busiest community with 755 registered sales, while Burj Khalifa took the most money at AED 1.90B.

Against the previous month, Al Wasl rose 176% to 248 sales, while Al Barshaa South Third fell 42% to 115.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay755+16.2%AED 1.37BAED 1.22MAED 1,779/sqft62%
Burj Khalifa542+33.8%AED 1.90BAED 2.96MAED 2,666/sqft65%
Marsa Dubai520-10.7%AED 1.38BAED 1.99MAED 1,871/sqft25%
Al Hebiah Fifth389-23.3%AED 1.38BAED 1.75MAED 1,100/sqft0%
Al Barsha South Fourth288-39.2%AED 238.30MAED 700KAED 942/sqft44%
Wadi Al Safa 5271-27.5%AED 590.56MAED 1.92MAED 894/sqft59%
Al Khairan First270-12.1%AED 562.15MAED 2.02MAED 1,840/sqft79%
Al Merkadh268-16.3%AED 1.16BAED 1.55MAED 1,675/sqft61%
Al Wasl248+175.6%AED 898.86MAED 2.56MAED 2,061/sqft91%
Al Thanyah Fifth237-3.7%AED 445.01MAED 1.15MAED 1,020/sqft6%
Jabal Ali First237+14.5%AED 444.60MAED 1.50MAED 800/sqft15%
Palm Jumeirah210+2.9%AED 1.69BAED 3.47MAED 2,628/sqft22%
Hadaeq Sheikh Mohammed Bin Rashid176-16.6%AED 826.87MAED 1.73MAED 1,421/sqft40%
Madinat Al Mataar168-2.9%AED 181.59MAED 903KAED 609/sqft43%
Wadi Al Safa 7163+66.3%AED 284.82MAED 1.04MAED 811/sqft55%

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
Burj KhalifaAED 1.90B542
Palm JumeirahAED 1.69B210
Al Hebiah FifthAED 1.38B389
Marsa DubaiAED 1.38B520
Business BayAED 1.37B755
Al MerkadhAED 1.16B268
Al WaslAED 898.86M248
Hadaeq Sheikh Mohammed Bin RashidAED 826.87M176
Al Hebiah FourthAED 602.07M160
Wadi Al Safa 5AED 590.56M271

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 Wasl248+175.6%
Wadi Al Safa 7163+66.3%
Jumeirah First122+52.5%
Al Barshaa South Third115-41.9%
Al Barsha South Fourth288-39.2%
Al Yelayiss 256-37.1%
Burj Khalifa542+33.8%
Wadi Al Safa 5271-27.5%
Al Hebiah Fifth389-23.3%
Al Thanyah Third54-21.7%

The largest sales of May 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
27 May 2022Al WaslCAVALLI COUTUREDubai Water CanalLandExisting PropertiesNot specified80,329 sqftAED 2,708/sqftAED 217,500,000
27 May 2022Al Hebiah Third—DAMAC HILLSBuildingExisting PropertiesNot specified358,453 sqftAED 518/sqftAED 185,500,000
23 May 2022Hadaeq Sheikh Mohammed Bin RashidDubai Hills - Hills Grove CommunityDUBAI HILLS - HILLS GROVELandExisting PropertiesNot specified42,518 sqftAED 3,010/sqftAED 128,000,000
9 May 2022Al Hebiah Fifth—LandExisting PropertiesNot specified6,809,671 sqftAED 19/sqftAED 127,804,124
9 May 2022Al Hebiah Fifth—LandExisting PropertiesNot specified6,779,710 sqftAED 19/sqftAED 127,241,811
24 May 2022Al Warsan FirstINTERNATIONAL CITY EMARATIInternational City Phase 1LandExisting PropertiesNot specified66,543 sqftAED 1,653/sqftAED 110,000,000
13 May 2022Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified38,230 sqftAED 2,689/sqftAED 102,800,000
11 May 2022Al MerkadhAzizi Riviera ReveMeydan One CommunityLandExisting PropertiesNot specified83,931 sqftAED 1,184/sqftAED 99,371,068
12 May 2022Naif—BuildingExisting PropertiesNot specified9,258 sqftAED 9,721/sqftAED 90,000,000
31 May 2022Business BayBayz 102 By DanubeLandExisting PropertiesNot specified36,021 sqftAED 2,409/sqftAED 86,785,000

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.