Dubai Market Data
Registered sales and Ejari contracts, organized for clear comparisons and better property decisions.
Public records · Dubai Land Department
Monthly report
Dubai property market — December 2023
Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside December 2023. Mortgages and gifts are excluded; the register's own record of a sale is the only source.
In a sentence
The Land Department registered 11,194 property sales in December 2023, worth AED 40.76B in total, across 110 communities. That is 25% more than the same month a year earlier.
The median sale was AED 1,500,888 at AED 1,452/sqft, 6.7% above the same month last year. 50% of sales were off-plan.
Al Barsha South Fourth was the busiest community with 1,309 registered sales, while Palm Jumeirah took the most money at AED 4.04B.
Against the previous month, Madinat Dubai Almelaheyah rose 71% to 437 sales, while Palm Jabal Ali fell 63% to 104.
Sales by month
Price per square foot by month
Where the sales were
The fifteen communities with the most registered sales in December 2023, and how each moved against the month before.
| Community | Sales | vs prior | Total value | Median price | Price/sqft | Off-plan |
|---|---|---|---|---|---|---|
| Al Barsha South Fourth | 1,309 | +4.3% | 1.45B | 800K | 1,236/sqft | 68% |
| Business Bay | 1,050 | +12.3% | 2.27B | 1.42M | 2,156/sqft | 50% |
| Hadaeq Sheikh Mohammed Bin Rashid | 762 | +59.1% | 1.96B | 1.67M | 2,115/sqft | 64% |
| Marsa Dubai | 750 | +31.6% | 3.31B | 3.43M | 3,624/sqft | 54% |
| Al Merkadh | 498 | -21.6% | 1.16B | 1.64M | 1,987/sqft | 71% |
| Madinat Dubai Almelaheyah | 437 | +71.4% | 1.33B | 2.07M | 2,128/sqft | 98% |
| Wadi Al Safa 2 | 431 | -11.1% | 600.30M | 504K | 104/sqft | 12% |
| Al Thanyah Fifth | 407 | +9.4% | 1.66B | 1.40M | 1,336/sqft | 44% |
| Burj Khalifa | 394 | -40.8% | 1.32B | 2.35M | 2,767/sqft | 35% |
| Al Barshaa South Third | 342 | +24.4% | 335.26M | 815K | 1,100/sqft | 64% |
| Wadi Al Safa 5 | 328 | +6.5% | 614.41M | 891K | 850/sqft | 39% |
| Madinat Al Mataar | 284 | -58.1% | 785.80M | 2.00M | 1,179/sqft | 56% |
| Al Hebiah Third | 278 | +33.7% | 494.79M | 1.14M | 1,528/sqft | 69% |
| Jabal Ali First | 270 | -42.9% | 727.36M | 1.15M | 1,016/sqft | 28% |
| Al Yufrah 1 | 262 | -18.4% | 1.06B | 4.29M | 1,097/sqft | 98% |
Where the money went
Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.
| Community | Value | Sales |
|---|---|---|
| Palm Jumeirah | 4.04B | 173 |
| Marsa Dubai | 3.31B | 750 |
| Palm Jabal Ali | 3.02B | 104 |
| Al Yelayiss 5 | 2.43B | 1 |
| Business Bay | 2.27B | 1,050 |
| Hadaeq Sheikh Mohammed Bin Rashid | 1.96B | 762 |
| Al Thanyah Fifth | 1.66B | 407 |
| Al Barsha South Fourth | 1.45B | 1,309 |
| Madinat Dubai Almelaheyah | 1.33B | 437 |
| Burj Khalifa | 1.32B | 394 |
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.
| Community | Sales | Change |
|---|---|---|
| Madinat Dubai Almelaheyah | 437 | +71.4% |
| Palm Jabal Ali | 104 | -62.7% |
| Wadi Al Safa 3 | 240 | +60.0% |
| Hadaeq Sheikh Mohammed Bin Rashid | 762 | +59.1% |
| Madinat Al Mataar | 284 | -58.1% |
| Palm Deira | 118 | -49.1% |
| Jabal Ali First | 270 | -42.9% |
| Burj Khalifa | 394 | -40.8% |
| Al Hebiah Fifth | 110 | -37.1% |
| Al Jadaf | 93 | +36.8% |
The largest sales of December 2023
Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.
| Date | Community | Project / building | Type | Beds | Size | Price/sqft | Price |
|---|---|---|---|---|---|---|---|
| 19 Dec 2023 | Al Yelayiss 5 | — | LandCommercial · Existing Properties | Not specified | 83,867,631 sqft | AED 29/sqft | AED 2,427,140,685 |
| 11 Dec 2023 | Palm Jumeirah | ROYAL AMWAJPalm Jumeirah | LandCommercial · Existing Properties | Not specified | 858,638 sqft | AED 1,095/sqft | AED 940,000,000 |
| 18 Dec 2023 | Palm Jumeirah | —Palm Jumeirah | BuildingCommercial · Existing Properties | Not specified | 507,475 sqft | AED 1,419/sqft | AED 720,000,000 |
| 27 Dec 2023 | Zaabeel Second | Akala Hotels and ResidencesDubai International Financial Center | LandResidential · Existing Properties | Not specified | 138,466 sqft | AED 4,333/sqft | AED 600,000,000 |
| 14 Dec 2023 | Palm Jumeirah | Como ResidencesPalm Jumeirah | FlatResidential · Off-Plan Properties | 5 B/R | 21,949 sqft | AED 22,780/sqft | AED 500,000,000 |
| 26 Dec 2023 | Al Thanyah Fifth | SERENIA DISTRICT - EASTJumeirah Islands | LandCommercial · Existing Properties | Not specified | 459,764 sqft | AED 993/sqft | AED 456,523,000 |
| 22 Dec 2023 | Business Bay | One by BinghattiBusiness Bay | BuildingResidential · Existing Properties | Not specified | 108,300 sqft | AED 3,300/sqft | AED 357,390,378 |
| 12 Dec 2023 | Trade Center Second | — | BuildingCommercial · Existing Properties | Not specified | 10,000 sqft | AED 30,500/sqft | AED 305,000,000 |
| 6 Dec 2023 | Al Thanyah Fifth | MERCER HOUSEDMCC Master Community | LandCommercial · Existing Properties | Not specified | 116,003 sqft | AED 2,310/sqft | AED 268,021,368 |
| 26 Dec 2023 | Wadi Al Safa 4 | —City Of Arabia | LandResidential · Existing Properties | Not specified | 1,778,164 sqft | AED 120/sqft | AED 213,399,627 |
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. Refresh times vary by dataset; records shown here are not a live feed.