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Monthly report

Dubai property market — September 2023

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

Sales13,390Registered in September 2023up56% vs a year earlier
Total valueAED 36.79BRegistered in September 2023Across 112 communities
Price per sqftAED 1,423/sqftMedian across September 2023up16.5% vs a year earlier
Sale priceAED 1.49MMedian across September 202359% sold off-plan

In a sentence

The Land Department registered 13,390 property sales in September 2023, worth AED 36.79B in total, across 112 communities. That is 56% more than the same month a year earlier.

The median sale was AED 1,489,944 at AED 1,423/sqft, 16.5% above the same month last year. 59% of sales were off-plan.

Al Merkadh was the busiest community with 1,634 registered sales, while Marsa Dubai took the most money at AED 3.51B.

Against the previous month, Al Hebiah Sixth rose 304% to 331 sales, while Al Yufrah 1 fell 83% to 76.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh1,634+79.2%AED 3.16BAED 1.51MAED 1,853/sqft88%
Al Barsha South Fourth1,632+65.5%AED 1.74BAED 807KAED 1,233/sqft74%
Business Bay1,035-12.7%AED 2.61BAED 1.47MAED 2,328/sqft65%
Al Barshaa South Third785+22.8%AED 722.89MAED 790KAED 1,373/sqft88%
Marsa Dubai681-16.4%AED 3.51BAED 2.94MAED 3,302/sqft60%
Al Thanyah Fifth517-9.3%AED 1.12BAED 1.58MAED 1,585/sqft54%
Hadaeq Sheikh Mohammed Bin Rashid442+68.1%AED 1.26BAED 1.96MAED 1,985/sqft81%
Wadi Al Safa 5403-10.8%AED 600.97MAED 822KAED 947/sqft64%
Burj Khalifa402+13.9%AED 1.39BAED 2.45MAED 2,541/sqft29%
Al Hebiah Fifth400+103.0%AED 1.77BAED 2.96MAED 1,730/sqft0%
Madinat Al Mataar393-25.7%AED 1.22BAED 3.21MAED 828/sqft27%
Jabal Ali First364-19.5%AED 860.47MAED 1.49MAED 947/sqft15%
Al Khairan First346+7.8%AED 897.92MAED 2.20MAED 2,247/sqft61%
Al Hebiah Sixth331+303.7%AED 919.68MAED 2.85MAED 1,236/sqft92%
Al Yelayiss 2275+31.0%AED 296.44MAED 1.05MAED 1,042/sqft77%

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 3.51B681
Al MerkadhAED 3.16B1,634
Business BayAED 2.61B1,035
Palm JumeirahAED 2.42B163
Al Hebiah FifthAED 1.77B400
Al Barsha South FourthAED 1.74B1,632
Burj KhalifaAED 1.39B402
Hadaeq Sheikh Mohammed Bin RashidAED 1.26B442
Madinat Al MataarAED 1.22B393
Wadi Al Safa 3AED 1.20B192

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 Hebiah Sixth331+303.7%
Al Hebiah Fifth400+103.0%
Al Yufrah 176-83.2%
Al Merkadh1,634+79.2%
Nadd Hessa213+76.0%
Wadi Al Safa 3192+74.5%
Wadi Al Safa 288+69.2%
Hadaeq Sheikh Mohammed Bin Rashid442+68.1%
Al Barsha South Fourth1,632+65.5%
Al Hebiah Third229+61.3%

The largest sales of September 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
11 Sept 2023Marsa DubaiW Residences at Dubai HarbourDubai HarbourLandExisting PropertiesNot specified114,400 sqftAED 5,445/sqftAED 622,910,142
25 Sept 2023Al Wasl—Dubai Water CanalLandExisting PropertiesNot specified157,521 sqftAED 3,186/sqftAED 501,812,955
25 Sept 2023Trade Center FirstBURJ AZIZILandExisting PropertiesNot specified40,000 sqftAED 11,250/sqftAED 450,000,000
11 Sept 2023Um Suqaim ThirdJumeirah Living Marsa Al ArabFlatOff-Plan Properties5 B/R19,264 sqftAED 14,847/sqftAED 286,000,000
5 Sept 2023Palm JumeirahEOMEPalm JumeirahVillaOff-Plan Properties6 B/R24,921 sqftAED 8,106/sqftAED 202,000,000
14 Sept 2023Business BayEnara By OmniyatBusiness BayLandExisting PropertiesNot specified93,785 sqftAED 1,919/sqftAED 180,000,000
12 Sept 2023Marsa DubaiROVE HOME DUBAI MARINADubai MarinaLandExisting PropertiesNot specified59,944 sqftAED 2,502/sqftAED 150,000,000
27 Sept 2023Palm JumeirahEOMEPalm JumeirahVillaOff-Plan Properties6 B/R23,789 sqftAED 6,305/sqftAED 150,000,000
7 Sept 2023Business Bayburj capitalBusiness BayBuildingExisting PropertiesNot specified62,734 sqftAED 2,105/sqftAED 132,027,525
11 Sept 2023Palm JumeirahComo ResidencesPalm JumeirahFlatOff-Plan Properties7 B/R18,912 sqftAED 6,014/sqftAED 113,734,800

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.