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Monthly report

Dubai property market — October 2022

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

Sales8,452Registered in October 2022up70.4% vs a year earlier
Total valueAED 24.77BRegistered in October 2022Across 106 communities
Price per sqftAED 1,366/sqftMedian across October 2022up37.5% vs a year earlier
Sale priceAED 1.65MMedian across October 202252% sold off-plan

In a sentence

The Land Department registered 8,452 property sales in October 2022, worth AED 24.77B in total, across 106 communities. That is 70% more than the same month a year earlier.

The median sale was AED 1,653,944 at AED 1,366/sqft, 37.5% above the same month last year. 52% of sales were off-plan.

Business Bay was the busiest community with 1,117 registered sales, while Palm Jumeirah took the most money at AED 4.73B.

Against the previous month, Mirdif rose 186% to 146 sales, while Al Yufrah 1 fell 77% to 53.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,117-2.7%AED 1.97BAED 1.51MAED 2,159/sqft73%
Marsa Dubai673+25.3%AED 2.27BAED 2.30MAED 2,198/sqft44%
Al Barsha South Fourth672+46.4%AED 538.96MAED 615KAED 870/sqft63%
Hadaeq Sheikh Mohammed Bin Rashid565-4.7%AED 2.89BAED 1.79MAED 1,755/sqft64%
Palm Jumeirah506+148.0%AED 4.73BAED 5.45MAED 2,983/sqft73%
Al Merkadh475+47.5%AED 913.80MAED 1.30MAED 1,782/sqft75%
Jabal Ali First416-13.2%AED 850.71MAED 2.00MAED 839/sqft17%
Burj Khalifa285+2.9%AED 908.27MAED 2.27MAED 2,317/sqft30%
Al Hebiah Sixth276+184.5%AED 643.80MAED 2.27MAED 1,068/sqft93%
Al Khairan First246-9.6%AED 487.20MAED 1.77MAED 1,738/sqft78%
Al Thanyah Fifth217+4.8%AED 393.77MAED 1.02MAED 925/sqft7%
Um Suqaim Third212+360.9%AED 634.08MAED 2.20MAED 2,063/sqft93%
Al Barshaa South Third203-65.0%AED 132.25MAED 569KAED 1,139/sqft74%
Al Wasl174-55.7%AED 558.53MAED 2.69MAED 2,134/sqft90%
Wadi Al Safa 5171-11.4%AED 348.66MAED 1.74MAED 806/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
Palm JumeirahAED 4.73B506
Hadaeq Sheikh Mohammed Bin RashidAED 2.89B565
Marsa DubaiAED 2.27B673
Business BayAED 1.97B1,117
Al MerkadhAED 913.80M475
Burj KhalifaAED 908.27M285
Jabal Ali FirstAED 850.71M416
Al Hebiah SixthAED 643.80M276
Um Suqaim ThirdAED 634.08M212
Al WaslAED 558.53M174

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
Mirdif146+186.3%
Al Hebiah Sixth276+184.5%
Palm Jumeirah506+148.0%
Al Yufrah 153-77.1%
Al Hebiah Fifth103-69.6%
Al Barshaa South Third203-65.0%
Al Jadaf52-62.3%
Madinat Dubai Almelaheyah134+61.4%
Al Wasl174-55.7%
Al Hebiah Third53-51.8%

The largest sales of October 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
13 Oct 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified59,569 sqftAED 10,072/sqftAED 600,000,000
25 Oct 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified28,247 sqftAED 10,621/sqftAED 300,000,000
17 Oct 2022Palm JumeirahOCEAN HOUSEPalm JumeirahLandExisting PropertiesNot specified120,327 sqftAED 1,716/sqftAED 206,516,000
18 Oct 2022Al Safouh Second—Site ABuildingExisting PropertiesNot specified33,768 sqftAED 2,961/sqftAED 100,000,000
27 Oct 2022World Islands—The WorldLandExisting PropertiesNot specified744,180 sqftAED 116/sqftAED 86,191,613
21 Oct 2022Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified34,050 sqftAED 2,496/sqftAED 85,000,000
3 Oct 2022Business BayEYWA DUBAIBusiness BayLandExisting PropertiesNot specified37,283 sqftAED 1,992/sqftAED 74,285,000
27 Oct 2022World Islands—The WorldLandExisting PropertiesNot specified660,818 sqftAED 109/sqftAED 72,269,571
4 Oct 2022Um Al Sheif—LandExisting PropertiesNot specified15,036 sqftAED 4,788/sqftAED 72,000,000
19 Oct 2022Island 2—Jumeira BayLandExisting PropertiesNot specified17,458 sqftAED 3,609/sqftAED 63,000,000

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.