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Monthly report

Dubai property market — December 2022

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

Sales8,969Registered in December 2022up64.2% vs a year earlier
Total valueAED 25.15BRegistered in December 2022Across 122 communities
Price per sqftAED 1,361/sqftMedian across December 2022up26.2% vs a year earlier
Sale priceAED 1.60MMedian across December 202248% sold off-plan

In a sentence

The Land Department registered 8,969 property sales in December 2022, worth AED 25.15B in total, across 122 communities. That is 64% more than the same month a year earlier.

The median sale was AED 1,600,000 at AED 1,361/sqft, 26.2% above the same month last year. 48% of sales were off-plan.

Al Merkadh was the busiest community with 964 registered sales, while Marsa Dubai took the most money at AED 2.80B.

Against the previous month, Al Thanyah Third rose 339% to 294 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 61% to 202.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh964+4.8%AED 1.52BAED 1.13MAED 1,893/sqft92%
Business Bay828-22.0%AED 1.81BAED 1.30MAED 1,950/sqft58%
Marsa Dubai790-1.1%AED 2.80BAED 2.24MAED 2,242/sqft49%
Al Barsha South Fourth615-8.5%AED 600.98MAED 751KAED 946/sqft48%
Al Hebiah Fifth476+8.7%AED 1.32BAED 2.06MAED 1,226/sqft1%
Al Thanyah Fifth339-11.5%AED 723.92MAED 1.12MAED 1,007/sqft37%
Palm Jumeirah333-53.8%AED 2.56BAED 3.91MAED 3,182/sqft50%
Jabal Ali First316-60.6%AED 699.61MAED 1.72MAED 851/sqft9%
Al Khairan First310-7.5%AED 753.01MAED 2.15MAED 1,934/sqft75%
Al Thanyah Third294+338.8%AED 759.07MAED 2.48MAED 1,843/sqft78%
Burj Khalifa289-24.3%AED 1.09BAED 2.55MAED 2,451/sqft43%
Al Wasl227-42.7%AED 719.02MAED 2.71MAED 2,135/sqft84%
Wadi Al Safa 5222-33.9%AED 384.34MAED 1.75MAED 861/sqft56%
Hadaeq Sheikh Mohammed Bin Rashid202-61.3%AED 765.72MAED 1.85MAED 1,691/sqft38%
Al Hebiah Third192-6.8%AED 289.09MAED 826KAED 1,073/sqft21%

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 2.80B790
Palm JumeirahAED 2.56B333
Business BayAED 1.81B828
Al MerkadhAED 1.52B964
Al Hebiah FifthAED 1.32B476
Burj KhalifaAED 1.09B289
Al Hebiah FourthAED 800.92M173
Hadaeq Sheikh Mohammed Bin RashidAED 765.72M202
Al Thanyah ThirdAED 759.07M294
Al Khairan FirstAED 753.01M310

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 Third294+338.8%
Hadaeq Sheikh Mohammed Bin Rashid202-61.3%
Jabal Ali First316-60.6%
Al Barsha South Fifth54-58.8%
Palm Jumeirah333-53.8%
Al Wasl227-42.7%
Nadd Hessa123-38.8%
Wadi Al Safa 379-37.3%
Wadi Al Safa 5222-33.9%
Al Hebiah Sixth121-33.5%

The largest sales of December 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
29 Dec 2022Trade Center SecondAHS TOWERBuildingExisting PropertiesNot specified10,000 sqftAED 33,620/sqftAED 336,200,000
20 Dec 2022Jumeirah First—BuildingExisting PropertiesNot specified210,530 sqftAED 1,497/sqftAED 315,100,000
6 Dec 2022Marsa DubaiAeternitas TowerDubai MarinaLandExisting PropertiesNot specified37,678 sqftAED 7,051/sqftAED 265,685,000
28 Dec 2022Marsa DubaiSobha Seahaven Tower ADubai HarbourLandExisting PropertiesNot specified34,983 sqftAED 6,566/sqftAED 229,712,000
22 Dec 2022Business Bay—Business BayBuildingExisting PropertiesNot specified52,249 sqftAED 3,502/sqftAED 183,000,000
27 Dec 2022Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTLandExisting PropertiesNot specified1,500,039 sqftAED 117/sqftAED 175,000,000
29 Dec 2022Business BayTrillionaire Residences by BinghattiBusiness BayLandExisting PropertiesNot specified50,648 sqftAED 2,371/sqftAED 120,095,834
20 Dec 2022Business BayTHE CRESTMARKBusiness BayLandExisting PropertiesNot specified46,833 sqftAED 2,135/sqftAED 100,000,000
21 Dec 2022Al Safouh First—Sufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 1,659/sqftAED 96,500,000
28 Dec 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified15,837 sqftAED 5,999/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.