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Monthly report

Dubai property market — August 2023

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

Sales11,737Registered in August 2023up24.4% vs a year earlier
Total valueAED 33.16BRegistered in August 2023Across 107 communities
Price per sqftAED 1,404/sqftMedian across August 2023up22.5% vs a year earlier
Sale priceAED 1.57MMedian across August 202358% sold off-plan

In a sentence

The Land Department registered 11,737 property sales in August 2023, worth AED 33.16B in total, across 107 communities. That is 24% more than the same month a year earlier.

The median sale was AED 1,571,888 at AED 1,404/sqft, 22.5% above the same month last year. 58% of sales were off-plan.

Business Bay was the busiest community with 1,186 registered sales, while Marsa Dubai took the most money at AED 3.75B.

Against the previous month, Al Barsha South Fifth rose 254% to 340 sales, while Wadi Al Safa 7 fell 58% to 50.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,186+85.0%AED 2.14BAED 1.40MAED 2,455/sqft70%
Al Barsha South Fourth986+1.8%AED 1.10BAED 820KAED 1,176/sqft65%
Al Merkadh912+1.8%AED 1.98BAED 1.66MAED 1,850/sqft83%
Marsa Dubai815+25.6%AED 3.75BAED 3.30MAED 3,669/sqft57%
Al Barshaa South Third639+40.1%AED 1.02BAED 774KAED 1,382/sqft88%
Al Thanyah Fifth570-16.7%AED 1.17BAED 1.56MAED 1,655/sqft51%
Madinat Al Mataar529+175.5%AED 1.23BAED 2.23MAED 889/sqft60%
Al Yufrah 1453+953.5%AED 1.54BAED 3.38MAED 934/sqft100%
Jabal Ali First452+35.7%AED 796.52MAED 700KAED 974/sqft38%
Wadi Al Safa 5452-15.5%AED 811.62MAED 1.73MAED 1,039/sqft74%
Burj Khalifa353+4.7%AED 1.33BAED 2.30MAED 2,660/sqft47%
Al Barsha South Fifth340+254.2%AED 414.99MAED 915KAED 1,718/sqft83%
Al Khairan First321-35.7%AED 801.23MAED 2.30MAED 2,200/sqft68%
Hadaeq Sheikh Mohammed Bin Rashid263-19.1%AED 882.07MAED 2.06MAED 1,900/sqft61%
Al Hebiah Fourth254-6.3%AED 595.95MAED 662KAED 830/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
Marsa DubaiAED 3.75B815
Palm JumeirahAED 2.50B180
Business BayAED 2.14B1,186
Al MerkadhAED 1.98B912
Al Yufrah 1AED 1.54B453
Burj KhalifaAED 1.33B353
Madinat Al MataarAED 1.23B529
Al Thanyah FifthAED 1.17B570
Al Barsha South FourthAED 1.10B986
Al Barshaa South ThirdAED 1.02B639

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
Al Barsha South Fifth340+254.2%
Madinat Al Mataar529+175.5%
Business Bay1,186+85.0%
Wadi Al Safa 750-58.3%
Al Hebiah Fifth197-57.5%
Wadi Al Safa 3110-54.0%
Madinat Dubai Almelaheyah118+51.3%
Me'Aisem First197+49.2%
Nad Al Shiba First76+46.2%
Wadi Al Safa 252-44.1%

The largest sales of August 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
8 Aug 2023Al WaslMuraba VeilDubai Water CanalLandExisting PropertiesNot specified100,135 sqftAED 3,682/sqftAED 368,737,560
8 Aug 2023Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 11,040/sqftAED 276,000,000
29 Aug 2023Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified41,704 sqftAED 5,012/sqftAED 209,000,000
2 Aug 2023Palm JumeirahMAISON MARGIELA RESIDENCESPalm JumeirahLandExisting PropertiesNot specified56,295 sqftAED 3,375/sqftAED 190,000,000
9 Aug 2023Palm DeiraBeach Residences Dubai IslandsPalm DeiraLandExisting PropertiesNot specified350,701 sqftAED 517/sqftAED 181,212,720
15 Aug 2023Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified51,439 sqftAED 3,394/sqftAED 174,561,600
14 Aug 2023Al Barshaa South ThirdThe central downtownArjanLandExisting PropertiesNot specified303,215 sqftAED 462/sqftAED 140,000,000
9 Aug 2023Palm Deira—Palm DeiraLandExisting PropertiesNot specified431,903 sqftAED 317/sqftAED 136,936,200
30 Aug 2023Al Barshaa South Third—ArjanLandExisting PropertiesNot specified721,083 sqftAED 188/sqftAED 135,563,792
18 Aug 2023Palm JumeirahComo ResidencesPalm JumeirahFlatOff-Plan Properties7 B/R18,972 sqftAED 5,891/sqftAED 111,766,800

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.