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Monthly report

Dubai property market — April 2023

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

Sales7,966Registered in April 2023up17.4% vs a year earlier
Total valueAED 25.80BRegistered in April 2023Across 100 communities
Price per sqftAED 1,290/sqftMedian across April 2023up13.7% vs a year earlier
Sale priceAED 1.43MMedian across April 202348% sold off-plan

In a sentence

The Land Department registered 7,966 property sales in April 2023, worth AED 25.80B in total, across 100 communities. That is 17% more than the same month a year earlier.

The median sale was AED 1,425,944 at AED 1,290/sqft, 13.7% above the same month last year. 48% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,114 registered sales, while Mugatrah took the most money at AED 3.87B.

Against the previous month, Madinat Hind 4 rose 42% to 149 sales, while Nadd Hessa fell 74% to 69.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,114-30.8%AED 1.20BAED 750KAED 1,092/sqft79%
Marsa Dubai680-28.9%AED 2.76BAED 2.59MAED 2,737/sqft44%
Business Bay576-34.8%AED 1.04BAED 1.37MAED 1,808/sqft44%
Hadaeq Sheikh Mohammed Bin Rashid528-8.0%AED 1.46BAED 2.11MAED 2,033/sqft80%
Al Khairan First408-48.3%AED 827.07MAED 1.81MAED 2,062/sqft75%
Burj Khalifa304-17.8%AED 1.25BAED 2.52MAED 2,321/sqft32%
Al Thanyah Fifth297-32.3%AED 512.04MAED 911KAED 999/sqft29%
Jabal Ali First294-15.0%AED 492.99MAED 840KAED 993/sqft28%
Al Merkadh289-37.7%AED 596.06MAED 1.14MAED 1,722/sqft63%
Wadi Al Safa 5289-48.5%AED 539.80MAED 1.97MAED 895/sqft51%
Al Hebiah Fifth277-36.6%AED 715.83MAED 2.25MAED 1,306/sqft0%
Al Barshaa South Third210-48.9%AED 371.71MAED 670KAED 1,075/sqft68%
Palm Jumeirah199-21.3%AED 1.83BAED 4.27MAED 2,818/sqft29%
Al Hebiah Fourth182-18.8%AED 746.41MAED 2.33MAED 1,100/sqft16%
Al Warsan First176-29.9%AED 89.54MAED 363KAED 604/sqft23%

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
MugatrahAED 3.87B1
Marsa DubaiAED 2.76B680
Palm JumeirahAED 1.83B199
Hadaeq Sheikh Mohammed Bin RashidAED 1.46B528
Burj KhalifaAED 1.25B304
Al Barsha South FourthAED 1.20B1,114
Business BayAED 1.04B576
Al Khairan FirstAED 827.07M408
Al Hebiah FourthAED 746.41M182
Al Hebiah FifthAED 715.83M277

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
Nadd Hessa69-73.7%
Al Yufrah 190-63.7%
Al Barshaa South Third210-48.9%
Wadi Al Safa 5289-48.5%
Al Khairan First408-48.3%
Wadi Al Safa 395-43.8%
Madinat Hind 4149+41.9%
Al Hebiah Second86+38.7%
Al Yelayiss 2154-38.2%
Al Merkadh289-37.7%

The largest sales of April 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
12 Apr 2023Mugatrah—LandExisting PropertiesNot specified203,080,082 sqftAED 19/sqftAED 3,869,204,024
12 Apr 2023Al Layan1—LandExisting PropertiesNot specified33,108,127 sqftAED 19/sqftAED 630,795,976
17 Apr 2023Marsa DubaiDAMAC BAY 2Dubai HarbourLandExisting PropertiesNot specified65,533 sqftAED 6,790/sqftAED 444,991,275
28 Apr 2023Burj KhalifaOne ResidenceDownTown DubaiLandExisting PropertiesNot specified55,483 sqftAED 3,334/sqftAED 185,000,000
13 Apr 2023Wadi Al Safa 3—MajanBuildingExisting PropertiesNot specified60,373 sqftAED 2,816/sqftAED 170,000,000
25 Apr 2023World Islands—The WorldLandExisting PropertiesNot specified1,860,539 sqftAED 90/sqftAED 167,453,552
7 Apr 2023Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified32,932 sqftAED 4,555/sqftAED 150,000,000
10 Apr 2023Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties5 B/R11,655 sqftAED 11,785/sqftAED 137,350,000
26 Apr 2023Madinat Dubai AlmelaheyahIL VENTODubai Maritime CityLandExisting PropertiesNot specified40,015 sqftAED 3,280/sqftAED 131,231,356
10 Apr 2023Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties5 B/R11,657 sqftAED 11,152/sqftAED 130,000,000

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.