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Quarterly report

Dubai property market — Q2 2022

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2022. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales21,918Registered in Q2 2022up45.3% vs a year earlier
Total valueAED 58.30BRegistered in Q2 2022Across 134 communities
Price per sqftAED 1,154/sqftMedian across Q2 2022up22.1% vs a year earlier
Sale priceAED 1.60MMedian across Q2 202239% sold off-plan

In a sentence

The Land Department registered 21,918 property sales in Q2 2022, worth AED 58.30B in total, across 134 communities. That is 45% more than the same quarter a year earlier.

The median sale was AED 1,600,000 at AED 1,154/sqft, 22.1% above the same quarter last year. 39% of sales were off-plan.

Business Bay was the busiest community with 2,039 registered sales, while Burj Khalifa took the most money at AED 5.50B.

Against the previous quarter, Al Jadaf rose 548% to 402 sales, while Muhaisanah First fell 68% to 78.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2022, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay2,039-0.8%AED 3.22BAED 1.07MAED 1,717/sqft56%
Marsa Dubai1,816+12.1%AED 4.99BAED 2.05MAED 1,999/sqft31%
Burj Khalifa1,743+90.3%AED 5.50BAED 2.42MAED 2,552/sqft64%
Al Hebiah Fifth1,620+13.5%AED 4.06BAED 1.75MAED 1,101/sqft0%
Al Barsha South Fourth1,224-5.1%AED 1.20BAED 671KAED 947/sqft40%
Al Khairan First951+19.3%AED 2.01BAED 1.97MAED 1,809/sqft79%
Wadi Al Safa 5908-10.0%AED 2.08BAED 1.93MAED 898/sqft61%
Jabal Ali First897-15.0%AED 1.69BAED 1.09MAED 793/sqft19%
Al Thanyah Fifth887+44.0%AED 1.75BAED 1.16MAED 866/sqft5%
Al Merkadh831-37.1%AED 3.56BAED 1.55MAED 1,654/sqft62%
Hadaeq Sheikh Mohammed Bin Rashid657-5.5%AED 2.68BAED 1.61MAED 1,427/sqft38%
Palm Jumeirah654+30.8%AED 5.30BAED 3.07MAED 2,289/sqft19%
Madinat Al Mataar609+97.7%AED 870.03MAED 1.45MAED 573/sqft71%
Al Wasl550+82.7%AED 1.75BAED 2.39MAED 2,021/sqft87%
Al Hebiah Fourth476-3.8%AED 1.46BAED 1.29MAED 813/sqft24%

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 5.50B1,743
Palm JumeirahAED 5.30B654
Marsa DubaiAED 4.99B1,816
Al Hebiah FifthAED 4.06B1,620
Al MerkadhAED 3.56B831
Business BayAED 3.22B2,039
Hadaeq Sheikh Mohammed Bin RashidAED 2.68B657
Wadi Al Safa 5AED 2.08B908
Al Khairan FirstAED 2.01B951
Al WaslAED 1.75B550

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Jadaf402+548.4%
Al Kifaf151+160.3%
Madinat Al Mataar609+97.7%
Burj Khalifa1,743+90.3%
Al Wasl550+82.7%
Um Suqaim Third126+80.0%
Nad Al Shiba First171+74.5%
Al Barsha South Fifth176+69.2%
Muhaisanah First78-68.2%
Me'Aisem First351+60.3%

The largest sales of Q2 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
2 Jun 2022Jabal Ali Third—LandExisting PropertiesNot specified3,682,367,119 sqftAED 0/sqftAED 342,103,430
1 Apr 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified27,544 sqftAED 10,166/sqftAED 280,000,000
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
14 Apr 2022Ras Al Khor Industrial First—LandExisting PropertiesNot specified1,557,273 sqftAED 115/sqftAED 179,549,393
14 Jun 2022Al Satwa—BuildingExisting PropertiesNot specified490,252 sqftAED 326/sqftAED 160,000,000
14 Apr 2022Al Merkadh—Meydan One CommunityLandExisting PropertiesNot specified1,336,580 sqftAED 114/sqftAED 152,949,483
27 Apr 2022Marsa DubaiMARINA 101Dubai MarinaHotelOff-Plan PropertiesNot specified351,588 sqftAED 367/sqftAED 129,050,000
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

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.