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Monthly report

Dubai property market — July 2023

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

Sales11,034Registered in July 2023up54.4% vs a year earlier
Total valueAED 37.47BRegistered in July 2023Across 107 communities
Price per sqftAED 1,372/sqftMedian across July 2023up17.5% vs a year earlier
Sale priceAED 1.64MMedian across July 202347% sold off-plan

In a sentence

The Land Department registered 11,034 property sales in July 2023, worth AED 37.47B in total, across 107 communities. That is 54% more than the same month a year earlier.

The median sale was AED 1,637,340 at AED 1,372/sqft, 17.5% above the same month last year. 47% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 969 registered sales, while Ghadeer Al tair took the most money at AED 6.67B.

Against the previous month, Madinat Hind 4 rose 151% to 304 sales, while Um Suqaim Third fell 69% to 68.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth969+7.8%AED 952.55MAED 780KAED 1,131/sqft64%
Al Merkadh896+38.3%AED 1.70BAED 1.52MAED 1,844/sqft83%
Al Thanyah Fifth684-2.6%AED 1.26BAED 1.53MAED 2,060/sqft68%
Marsa Dubai649-38.4%AED 3.14BAED 3.10MAED 3,110/sqft51%
Business Bay641+30.8%AED 1.30BAED 1.45MAED 1,847/sqft39%
Wadi Al Safa 5535+68.2%AED 952.16MAED 1.72MAED 1,053/sqft80%
Al Khairan First499-0.8%AED 1.32BAED 2.35MAED 2,196/sqft74%
Al Hebiah Fifth463+123.7%AED 1.22BAED 2.55MAED 1,536/sqft0%
Al Barshaa South Third456+21.3%AED 492.79MAED 698KAED 1,188/sqft78%
Ghadeer Al tair415+41400.0%AED 6.67BAED 13.68MAED 1,592/sqft0%
Burj Khalifa337-30.2%AED 1.22BAED 2.75MAED 2,408/sqft29%
Jabal Ali First333-8.0%AED 691.67MAED 1.20MAED 920/sqft21%
Hadaeq Sheikh Mohammed Bin Rashid325-42.4%AED 1.26BAED 2.02MAED 1,905/sqft63%
Madinat Hind 4304+151.2%AED 401.23MAED 1.41MAED 820/sqft1%
Al Hebiah Fourth271+14.3%AED 998.99MAED 800KAED 889/sqft20%

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
Ghadeer Al tairAED 6.67B415
Marsa DubaiAED 3.14B649
Palm JumeirahAED 2.55B173
Al MerkadhAED 1.70B896
Wadi Al Safa 3AED 1.62B239
Al Khairan FirstAED 1.32B499
Business BayAED 1.30B641
Al Thanyah FifthAED 1.26B684
Hadaeq Sheikh Mohammed Bin RashidAED 1.26B325
Al Hebiah FifthAED 1.22B463

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
Madinat Hind 4304+151.2%
Al Hebiah Fifth463+123.7%
Um Suqaim Third68-69.1%
Wadi Al Safa 5535+68.2%
Zaabeel Second99-50.0%
Al Yelayiss 2168-46.8%
Hadaeq Sheikh Mohammed Bin Rashid325-42.4%
Wadi Al Safa 3239+40.6%
Madinat Al Mataar192+39.1%
Marsa Dubai649-38.4%

The largest sales of July 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
6 Jul 2023Um Suqaim ThirdJumeirah Living Marsa Al ArabFlatOff-Plan Properties5 B/R27,143 sqftAED 15,473/sqftAED 420,000,000
18 Jul 2023Wadi Al Safa 7Reportage Village 1LandExisting PropertiesNot specified3,308,801 sqftAED 86/sqftAED 285,000,000
26 Jul 2023Marsa Dubai—Dubai MarinaVillaExisting PropertiesNot specified94,126 sqftAED 2,815/sqftAED 265,000,000
6 Jul 2023Marsa Dubai—LandExisting PropertiesNot specified34,983 sqftAED 6,579/sqftAED 230,144,000
6 Jul 2023Marsa DubaiSobha Seahaven Tower B & CDubai HarbourLandExisting PropertiesNot specified34,983 sqftAED 6,579/sqftAED 230,144,000
25 Jul 2023Al Goze First—BuildingExisting PropertiesNot specified200,000 sqftAED 1,037/sqftAED 207,400,000
18 Jul 2023Business BayRove Home Marasi DriveBusiness BayBuildingExisting PropertiesNot specified73,783 sqftAED 2,374/sqftAED 175,196,025
24 Jul 2023Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified15,771 sqftAED 9,511/sqftAED 150,000,000
5 Jul 2023Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified41,233 sqftAED 3,153/sqftAED 130,000,000
13 Jul 2023Palm JumeirahSix Senses Residences The Palm, DubaiPalm JumeirahFlatOff-Plan Properties5 B/R26,514 sqftAED 4,375/sqftAED 116,000,000

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.