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Monthly report

Dubai property market — October 2023

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

Sales11,818Registered in October 2023up39.8% vs a year earlier
Total valueAED 38.92BRegistered in October 2023Across 118 communities
Price per sqftAED 1,469/sqftMedian across October 2023up7.6% vs a year earlier
Sale priceAED 1.50MMedian across October 202353% sold off-plan

In a sentence

The Land Department registered 11,818 property sales in October 2023, worth AED 38.92B in total, across 118 communities. That is 40% more than the same month a year earlier.

The median sale was AED 1,500,000 at AED 1,469/sqft, 7.6% above the same month last year. 53% of sales were off-plan.

Al Merkadh was the busiest community with 1,801 registered sales, while Palm Jabal Ali took the most money at AED 4.47B.

Against the previous month, Madinat Dubai Almelaheyah rose 489% to 324 sales, while Al Barshaa South Third fell 68% to 253.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Merkadh1,801+10.2%AED 2.83BAED 1.12MAED 1,825/sqft90%
Al Barsha South Fourth1,507-7.7%AED 2.14BAED 800KAED 1,213/sqft70%
Marsa Dubai782+14.8%AED 3.12BAED 3.31MAED 3,913/sqft58%
Business Bay721-30.3%AED 1.53BAED 1.38MAED 1,881/sqft44%
Hadaeq Sheikh Mohammed Bin Rashid507+14.7%AED 1.45BAED 2.19MAED 2,006/sqft79%
Burj Khalifa477+18.7%AED 1.70BAED 2.40MAED 2,702/sqft40%
Jabal Ali First395+8.5%AED 670.38MAED 960KAED 1,091/sqft33%
Al Thanyah Fifth392-24.2%AED 1.11BAED 1.53MAED 1,363/sqft46%
Madinat Dubai Almelaheyah324+489.1%AED 697.53MAED 2.14MAED 1,919/sqft98%
Wadi Al Safa 5306-24.1%AED 570.33MAED 1.10MAED 885/sqft55%
Al Hebiah Fourth266+15.7%AED 777.21MAED 668KAED 891/sqft29%
Al Barshaa South Third253-67.8%AED 304.86MAED 810KAED 1,157/sqft62%
Al Hebiah Fifth237-40.8%AED 899.40MAED 2.99MAED 1,683/sqft0%
Madinat Hind 4230-15.1%AED 361.56MAED 1.55MAED 1,012/sqft0%
Al Barsha South Fifth225-12.1%AED 386.75MAED 1.22MAED 1,503/sqft65%

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
Palm Jabal AliAED 4.47B189
Marsa DubaiAED 3.12B782
Al MerkadhAED 2.83B1,801
Palm JumeirahAED 2.82B153
Al Barsha South FourthAED 2.14B1,507
Al Safouh SecondAED 1.85B6
Burj KhalifaAED 1.70B477
Business BayAED 1.53B721
Hadaeq Sheikh Mohammed Bin RashidAED 1.45B507
Al Thanyah FifthAED 1.11B392

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 Dubai Almelaheyah324+489.1%
Al Yufrah 1164+115.8%
Nad Al Shiba First104+79.3%
Al Barshaa South Third253-67.8%
Madinat Al Mataar158-59.8%
Al Jadaf67-47.7%
Wadi Al Safa 3102-46.9%
Al Khairan First184-46.8%
Al Yelayiss 2152-44.7%
Al Hebiah Fifth237-40.8%

The largest sales of October 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
9 Oct 2023Al Safouh Second—BuildingExisting PropertiesNot specified2,753,158 sqftAED 666/sqftAED 1,834,286,000
9 Oct 2023Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified584,346 sqftAED 1,711/sqftAED 1,000,000,000
9 Oct 2023Palm Deira—Palm DeiraLandExisting PropertiesNot specified2,599,643 sqftAED 231/sqftAED 600,000,000
5 Oct 2023Palm JumeirahAVA AT PALM JUMEIRAH BY OMNIYATPalm JumeirahFlatOff-Plan Properties5 B/R32,160 sqftAED 6,841/sqftAED 220,000,000
6 Oct 2023Zaabeel FirstOne Za'abeelHotel ApartmentOff-Plan Properties1 B/R41,737 sqftAED 4,792/sqftAED 200,000,000
23 Oct 2023Marsa DubaiResidences Du Port, Dubai Marina, Autograph Collection ResidencesDubai MarinaBuildingExisting PropertiesNot specified213,355 sqftAED 626/sqftAED 133,606,088
17 Oct 2023Business Bay—Business BayBuildingExisting PropertiesNot specified34,392 sqftAED 3,838/sqftAED 132,000,000
9 Oct 2023Al Thanyah Fifth—DMCC Master CommunityLandExisting PropertiesNot specified115,213 sqftAED 1,058/sqftAED 121,837,500
18 Oct 2023Palm JumeirahEOMEPalm JumeirahVillaOff-Plan Properties6 B/R24,229 sqftAED 4,953/sqftAED 120,000,000
12 Oct 2023Al Goze Industrial Second—LandExisting PropertiesNot specified266,150 sqftAED 447/sqftAED 118,885,000

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.