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Monthly report

Dubai property market — March 2023

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside March 2023. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,919Registered in March 2023up44% vs a year earlier
Total valueAED 33.99BRegistered in March 2023Across 109 communities
Price per sqftAED 1,278/sqftMedian across March 2023up8% vs a year earlier
Sale priceAED 1.48MMedian across March 202352% sold off-plan

In a sentence

The Land Department registered 11,919 property sales in March 2023, worth AED 33.99B in total, across 109 communities. That is 44% more than the same month a year earlier.

The median sale was AED 1,479,096 at AED 1,278/sqft, 8% above the same month last year. 52% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,609 registered sales, while Al Khairan First took the most money at AED 4.95B.

Against the previous month, Hadaeq Sheikh Mohammed Bin Rashid rose 212% to 574 sales, while Al Barshaa South Second fell 88% to 51.

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 March 2023, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,609+59.5%AED 1.48BAED 670KAED 1,053/sqft69%
Marsa Dubai956+32.6%AED 3.43BAED 2.65MAED 2,865/sqft49%
Business Bay884+9.5%AED 1.60BAED 1.48MAED 1,930/sqft49%
Al Khairan First789+108.7%AED 4.95BAED 2.13MAED 2,045/sqft81%
Hadaeq Sheikh Mohammed Bin Rashid574+212.0%AED 1.77BAED 2.01MAED 1,922/sqft75%
Wadi Al Safa 5561+10.9%AED 997.48MAED 2.05MAED 989/sqft67%
Al Merkadh464+18.4%AED 1.10BAED 1.40MAED 1,825/sqft73%
Al Thanyah Fifth439+66.9%AED 849.60MAED 922KAED 1,041/sqft42%
Al Hebiah Fifth437-3.7%AED 1.24BAED 2.27MAED 1,226/sqft0%
Al Barshaa South Third411+61.2%AED 371.55MAED 486KAED 1,035/sqft77%
Burj Khalifa370+17.5%AED 1.67BAED 2.65MAED 2,532/sqft41%
Jabal Ali First346+51.1%AED 548.71MAED 853KAED 893/sqft12%
Nadd Hessa262+114.8%AED 120.94MAED 300KAED 467/sqft60%
Palm Jumeirah253+15.5%AED 2.97BAED 3.63MAED 2,433/sqft19%
Al Warsan First251-6.7%AED 199.92MAED 335KAED 497/sqft18%

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
Al Khairan FirstAED 4.95B789
Marsa DubaiAED 3.43B956
Palm JumeirahAED 2.97B253
Hadaeq Sheikh Mohammed Bin RashidAED 1.77B574
Burj KhalifaAED 1.67B370
Business BayAED 1.60B884
Al Barsha South FourthAED 1.48B1,609
Al Hebiah FifthAED 1.24B437
Wadi Al Safa 3AED 1.18B169
Al MerkadhAED 1.10B464

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
Hadaeq Sheikh Mohammed Bin Rashid574+212.0%
Nad Al Shiba First142+129.0%
Nadd Hessa262+114.8%
Al Yufrah 1248+112.0%
Madinat Al Mataar169+111.3%
Al Khairan First789+108.7%
Al Barshaa South Second51-87.9%
Madinat Dubai Almelaheyah174+85.1%
Al Thanyah Fifth439+66.9%
Al Barshaa South Third411+61.2%

The largest sales of March 2023

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
27 Mar 2023Al Khairan FirstCREEKSIDE 18Dubai Creek HarbourLandExisting PropertiesNot specified7,303,768 sqftAED 215/sqftAED 1,570,838,790
27 Mar 2023Al Khairan First—Dubai Creek HarbourLandExisting PropertiesNot specified45,107,594 sqftAED 35/sqftAED 1,570,838,790
21 Mar 2023Palm JumeirahThe Alba Residences by OmniyatPalm JumeirahLandExisting PropertiesNot specified571,280 sqftAED 963/sqftAED 550,000,000
15 Mar 2023Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified60,030 sqftAED 2,499/sqftAED 150,000,000
2 Mar 2023Burj KhalifaSociety House Downtown DubaiDownTown DubaiLandExisting PropertiesNot specified76,844 sqftAED 1,952/sqftAED 150,000,000
6 Mar 2023Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties5 B/R11,657 sqftAED 9,500/sqftAED 110,740,000
6 Mar 2023Al Barsha South Fourth—Jumeirah Village CircleLandExisting PropertiesNot specified18,837 sqftAED 5,043/sqftAED 95,000,000
6 Mar 2023Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified25,758 sqftAED 3,300/sqftAED 85,000,000
31 Mar 2023Palm JumeirahEMERALD PALACE KEMPINSKIPalm JumeirahVillaExisting Properties4 B/R11,810 sqftAED 6,943/sqftAED 82,000,000
16 Mar 2023Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties4 B/R6,439 sqftAED 12,479/sqftAED 80,350,000

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.