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Monthly report

Dubai property market — November 2023

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

Sales12,028Registered in November 2023up7.7% vs a year earlier
Total valueAED 41.99BRegistered in November 2023Across 114 communities
Price per sqftAED 1,371/sqftMedian across November 2023up2.6% vs a year earlier
Sale priceAED 1.61MMedian across November 202348% sold off-plan

In a sentence

The Land Department registered 12,028 property sales in November 2023, worth AED 41.99B in total, across 114 communities. That is 8% more than the same month a year earlier.

The median sale was AED 1,614,000 at AED 1,371/sqft, 2.6% above the same month last year. 48% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,255 registered sales, while Palm Jabal Ali took the most money at AED 6.72B.

Against the previous month, Wadi Al Safa 2 rose 708% to 485 sales, while Al Merkadh fell 65% to 635.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,255-16.7%AED 1.42BAED 820KAED 1,251/sqft69%
Business Bay935+29.7%AED 1.97BAED 1.45MAED 2,024/sqft52%
Madinat Al Mataar677+328.5%AED 2.08BAED 2.75MAED 1,093/sqft68%
Burj Khalifa665+39.4%AED 2.13BAED 2.17MAED 2,756/sqft55%
Al Merkadh635-64.7%AED 1.30BAED 1.28MAED 1,825/sqft77%
Marsa Dubai570-27.1%AED 2.17BAED 2.10MAED 2,145/sqft29%
Wadi Al Safa 2485+708.3%AED 1.12BAED 744KAED 104/sqft11%
Hadaeq Sheikh Mohammed Bin Rashid479-5.5%AED 1.65BAED 1.72MAED 2,043/sqft62%
Jabal Ali First473+19.7%AED 859.98MAED 1.05MAED 1,122/sqft39%
Al Thanyah Fifth372-5.1%AED 834.34MAED 1.45MAED 1,239/sqft39%
Al Yufrah 1321+95.7%AED 827.78MAED 2.32MAED 1,126/sqft98%
Wadi Al Safa 5308+0.7%AED 667.56MAED 1.08MAED 887/sqft44%
Al Hebiah Fourth307+15.4%AED 753.38MAED 751KAED 998/sqft31%
Palm Jabal Ali279+47.6%AED 6.72BAED 20.08MAED 2,560/sqft0%
Al Barshaa South Third275+8.7%AED 261.74MAED 840KAED 1,202/sqft74%

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 6.72B279
Marsa DubaiAED 2.17B570
Burj KhalifaAED 2.13B665
Madinat Al MataarAED 2.08B677
Palm JumeirahAED 2.03B169
Business BayAED 1.97B935
Madinat Dubai AlmelaheyahAED 1.94B255
Me'Aisem SecondAED 1.90B174
Hadaeq Sheikh Mohammed Bin RashidAED 1.65B479
Al Barsha South FourthAED 1.42B1,255

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
Wadi Al Safa 2485+708.3%
Palm Deira232+337.7%
Madinat Al Mataar677+328.5%
Al Yufrah 1321+95.7%
Al Merkadh635-64.7%
Al Hebiah Third208+49.6%
Palm Jabal Ali279+47.6%
Wadi Al Safa 3150+47.1%
Wadi Al Safa 794+40.3%
Burj Khalifa665+39.4%

The largest sales of November 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
3 Nov 2023Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified505,936 sqftAED 1,000/sqftAED 505,936,250
10 Nov 2023Marsa DubaiSix Senses Residences Dubai MarinaDubai MarinaBuildingExisting PropertiesNot specified37,677 sqftAED 9,555/sqftAED 360,000,000
3 Nov 2023Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified386,055 sqftAED 900/sqftAED 347,449,500
28 Nov 2023Al Qusais Industrial Second—BuildingExisting PropertiesNot specified275,115 sqftAED 1,000/sqftAED 275,000,000
13 Nov 2023Hadaeq Sheikh Mohammed Bin RashidCity View Dubai Hills ResidencesDubai Hills EstateLandExisting PropertiesNot specified88,102 sqftAED 2,291/sqftAED 201,820,873
10 Nov 2023Palm JumeirahEOMEPalm JumeirahVillaOff-Plan Properties6 B/R21,824 sqftAED 9,164/sqftAED 200,000,000
3 Nov 2023Burj Khalifa—LandExisting PropertiesNot specified10,000 sqftAED 18,000/sqftAED 180,000,000
3 Nov 2023Madinat Dubai AlmelaheyahOriseDubai Maritime CityLandExisting PropertiesNot specified122,682 sqftAED 1,338/sqftAED 164,149,500
3 Nov 2023Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified210,444 sqftAED 750/sqftAED 157,833,000
13 Nov 2023Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties5 B/R11,655 sqftAED 12,313/sqftAED 143,500,000

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.