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Quarterly report

Dubai property market — Q3 2022

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2022. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales25,162Registered in Q3 2022up62.1% vs a year earlier
Total valueAED 68.88BRegistered in Q3 2022Across 132 communities
Price per sqftAED 1,170/sqftMedian across Q3 2022up15.5% vs a year earlier
Sale priceAED 1.53MMedian across Q3 202246% sold off-plan

In a sentence

The Land Department registered 25,162 property sales in Q3 2022, worth AED 68.88B in total, across 132 communities. That is 62% more than the same quarter a year earlier.

The median sale was AED 1,525,051 at AED 1,170/sqft, 15.5% above the same quarter last year. 46% of sales were off-plan.

Business Bay was the busiest community with 3,082 registered sales, while Palm Jumeirah took the most money at AED 5.68B.

Against the previous quarter, Al Barshaa South Third rose 145% to 1,119 sales, while Al Kifaf fell 62% to 57.

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 Q3 2022, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay3,082+51.2%AED 5.08BAED 1.29MAED 1,847/sqft59%
Marsa Dubai1,724-5.1%AED 5.32BAED 2.27MAED 2,138/sqft42%
Al Hebiah Fifth1,613-0.4%AED 4.03BAED 1.81MAED 1,137/sqft2%
Al Barsha South Fourth1,526+24.7%AED 1.60BAED 624KAED 962/sqft49%
Burj Khalifa1,474-15.4%AED 4.69BAED 2.30MAED 2,453/sqft66%
Jabal Ali First1,347+50.2%AED 2.73BAED 1.44MAED 870/sqft29%
Al Merkadh1,221+46.9%AED 2.88BAED 1.27MAED 1,557/sqft83%
Al Barshaa South Third1,119+144.9%AED 796.16MAED 569KAED 1,130/sqft81%
Hadaeq Sheikh Mohammed Bin Rashid1,033+57.2%AED 3.13BAED 1.52MAED 1,692/sqft65%
Al Khairan First985+3.6%AED 1.94BAED 1.73MAED 1,753/sqft78%
Madinat Al Mataar695+14.1%AED 2.19BAED 1.79MAED 643/sqft72%
Al Wasl686+24.7%AED 2.37BAED 2.87MAED 2,096/sqft92%
Al Thanyah Fifth680-23.3%AED 1.43BAED 1.12MAED 882/sqft6%
Wadi Al Safa 5620-31.7%AED 1.18BAED 1.65MAED 813/sqft56%
Palm Jumeirah610-6.7%AED 5.68BAED 3.09MAED 2,666/sqft28%

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 5.68B610
Marsa DubaiAED 5.32B1,724
Business BayAED 5.08B3,082
Burj KhalifaAED 4.69B1,474
Al Hebiah FifthAED 4.03B1,613
Hadaeq Sheikh Mohammed Bin RashidAED 3.13B1,033
Al MerkadhAED 2.88B1,221
Jabal Ali FirstAED 2.73B1,347
Al WaslAED 2.37B686
Me'Aisem SecondAED 2.27B3

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 Barshaa South Third1,119+144.9%
Um Suqaim Third256+103.2%
Al Yufrah 1267+94.9%
Al Hebiah Sixth144+94.6%
Al Hebiah First107+91.1%
Al Hebiah Third437+72.0%
Mirdif115+71.6%
Al Kifaf57-62.3%
Hadaeq Sheikh Mohammed Bin Rashid1,033+57.2%
Jumeirah First120-56.7%

The largest sales of Q3 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 Jul 2022Me'Aisem Second—LandExisting PropertiesNot specified32,018,664 sqftAED 47/sqftAED 1,500,000,000
13 Sept 2022Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified26,132,904 sqftAED 38/sqftAED 988,000,000
4 Jul 2022Me'Aisem Second—LandExisting PropertiesNot specified19,037,573 sqftAED 22/sqftAED 423,939,444
18 Aug 2022Al WaslEden House The ParkDubai Water CanalLandExisting PropertiesNot specified366,286 sqftAED 1,093/sqftAED 400,178,000
11 Aug 2022Nadd Hessa—Silicon OasisLandExisting PropertiesNot specified1,038,994 sqftAED 339/sqftAED 352,413,136
4 Jul 2022Me'Aisem Second—LandExisting PropertiesNot specified7,485,897 sqftAED 46/sqftAED 346,393,087
5 Jul 2022Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified28,247 sqftAED 10,709/sqftAED 302,500,000
12 Sept 2022Al Yufrah 1—LandExisting PropertiesNot specified14,313,364 sqftAED 18/sqftAED 259,241,826
16 Sept 2022Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 4,497/sqftAED 255,000,000
29 Aug 2022Al Thanayah FourthEmirates HillsEmirates LivingBuildingExisting PropertiesNot specified37,406 sqftAED 5,614/sqftAED 210,000,000

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.