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Monthly report

Dubai property market — November 2022

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

Sales11,163Registered in November 2022up57.4% vs a year earlier
Total valueAED 31.29BRegistered in November 2022Across 108 communities
Price per sqftAED 1,336/sqftMedian across November 2022up20.6% vs a year earlier
Sale priceAED 1.66MMedian across November 202249% sold off-plan

In a sentence

The Land Department registered 11,163 property sales in November 2022, worth AED 31.29B in total, across 108 communities. That is 57% more than the same month a year earlier.

The median sale was AED 1,660,741 at AED 1,336/sqft, 20.6% above the same month last year. 49% of sales were off-plan.

Business Bay was the busiest community with 1,061 registered sales, while Palm Jumeirah took the most money at AED 5.05B.

Against the previous month, Al Hebiah Fifth rose 325% to 438 sales, while Me'Aisem First fell 55% to 61.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,061-5.0%AED 2.20BAED 1.36MAED 1,759/sqft51%
Al Merkadh920+93.7%AED 1.75BAED 1.32MAED 1,919/sqft91%
Jabal Ali First803+93.0%AED 1.66BAED 2.30MAED 972/sqft17%
Marsa Dubai799+18.7%AED 2.70BAED 2.40MAED 2,450/sqft44%
Palm Jumeirah721+42.5%AED 5.05BAED 4.50MAED 3,177/sqft73%
Al Barsha South Fourth6720.0%AED 585.67MAED 646KAED 909/sqft53%
Hadaeq Sheikh Mohammed Bin Rashid522-7.6%AED 2.00BAED 1.75MAED 1,773/sqft59%
Al Hebiah Fifth438+325.2%AED 1.15BAED 1.96MAED 1,132/sqft0%
Al Wasl396+127.6%AED 1.18BAED 2.83MAED 2,069/sqft92%
Al Thanyah Fifth383+76.5%AED 812.13MAED 1.24MAED 1,026/sqft37%
Burj Khalifa382+34.0%AED 1.26BAED 2.39MAED 2,364/sqft43%
Wadi Al Safa 5336+96.5%AED 653.95MAED 1.94MAED 874/sqft63%
Al Khairan First335+36.2%AED 695.61MAED 1.84MAED 1,728/sqft71%
Al Warsan First256+65.2%AED 159.50MAED 380KAED 461/sqft0%
Al Hebiah Fourth208+27.6%AED 639.82MAED 555KAED 743/sqft11%

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 5.05B721
Marsa DubaiAED 2.70B799
Business BayAED 2.20B1,061
Hadaeq Sheikh Mohammed Bin RashidAED 2.00B522
Al MerkadhAED 1.75B920
Jabal Ali FirstAED 1.66B803
Burj KhalifaAED 1.26B382
Al WaslAED 1.18B396
Al Hebiah FifthAED 1.15B438
Al Thanyah FifthAED 812.13M383

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 Fifth438+325.2%
Al Hebiah Third206+288.7%
Madinat Al Mataar198+132.9%
Al Wasl396+127.6%
Al Barsha South Fifth131+122.0%
Nadd Hessa201+101.0%
Wadi Al Safa 5336+96.5%
Al Merkadh920+93.7%
Jabal Ali First803+93.0%
Al Jadaf94+80.8%

The largest sales of November 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 Nov 2022World IslandsZAYA ZUHA ISLANDThe WorldLandExisting PropertiesNot specified4,042,337 sqftAED 87/sqftAED 350,000,000
8 Nov 2022Palm JumeirahOlaia ResidencesPalm JumeirahLandExisting PropertiesNot specified71,697 sqftAED 2,200/sqftAED 157,735,000
16 Nov 2022Palm JumeirahCLUB VILLASPalm JumeirahVillaExisting Properties6 B/R20,756 sqftAED 6,986/sqftAED 145,000,000
1 Nov 2022Island 2Bulgari Ocean MansionsJumeira BayLandExisting PropertiesNot specified13,831 sqftAED 9,399/sqftAED 130,000,000
23 Nov 2022Business BayBayz 102 By DanubeLandExisting PropertiesNot specified36,021 sqftAED 3,609/sqftAED 130,000,000
17 Nov 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified13,592 sqftAED 9,564/sqftAED 130,000,000
30 Nov 2022Al Jadaf—Dubai Health Care City Phase 2LandExisting PropertiesNot specified85,110 sqftAED 1,457/sqftAED 124,000,000
7 Nov 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified62,535 sqftAED 1,960/sqftAED 122,570,000
8 Nov 2022Me'Aisem FirstJouri HillsJumeirah Golf EstatesLandExisting PropertiesNot specified814,538 sqftAED 128/sqftAED 104,404,800
7 Nov 2022Island 2Bulgari Ocean MansionsJumeira BayLandExisting PropertiesNot specified13,980 sqftAED 6,796/sqftAED 95,000,000

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.