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Quarterly report

Dubai property market — Q2 2023

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2023. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales30,014Registered in Q2 2023up36.9% vs a year earlier
Total valueAED 89.78BRegistered in Q2 2023Across 135 communities
Price per sqftAED 1,344/sqftMedian across Q2 2023up16.4% vs a year earlier
Sale priceAED 1.51MMedian across Q2 202348% sold off-plan

In a sentence

The Land Department registered 30,014 property sales in Q2 2023, worth AED 89.78B in total, across 135 communities. That is 37% more than the same quarter a year earlier.

The median sale was AED 1,510,000 at AED 1,344/sqft, 16.4% above the same quarter last year. 48% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 3,263 registered sales, while Marsa Dubai took the most money at AED 12.44B.

Against the previous quarter, Zaabeel Second rose 175% to 264 sales, while Al Barshaa South Second fell 79% to 119.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2023, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth3,263-0.6%AED 3.44BAED 750KAED 1,075/sqft69%
Marsa Dubai3,127+41.5%AED 12.44BAED 3.12MAED 3,543/sqft58%
Business Bay1,808-33.3%AED 3.63BAED 1.29MAED 1,699/sqft36%
Al Thanyah Fifth1,601+50.5%AED 2.80BAED 1.20MAED 1,262/sqft49%
Hadaeq Sheikh Mohammed Bin Rashid1,558+39.7%AED 4.68BAED 1.73MAED 1,947/sqft76%
Al Merkadh1,359-0.9%AED 2.68BAED 1.14MAED 1,736/sqft68%
Burj Khalifa1,338+21.1%AED 5.51BAED 2.68MAED 2,382/sqft32%
Al Khairan First1,278-27.1%AED 2.92BAED 2.04MAED 2,058/sqft64%
Wadi Al Safa 51,115-17.2%AED 2.13BAED 2.08MAED 957/sqft64%
Al Barshaa South Third1,066+37.5%AED 1.14BAED 642KAED 1,276/sqft77%
Jabal Ali First1,046+20.5%AED 1.84BAED 1.03MAED 976/sqft26%
Al Yelayiss 2761-26.5%AED 1.09BAED 1.13MAED 982/sqft77%
Al Hebiah Fifth750-48.0%AED 1.90BAED 2.22MAED 1,278/sqft0%
Palm Jumeirah691-10.6%AED 6.94BAED 4.25MAED 2,756/sqft29%
Al Hebiah Fourth666+12.9%AED 2.10BAED 840KAED 836/sqft21%

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 12.44B3,127
Palm JumeirahAED 6.94B691
Burj KhalifaAED 5.51B1,338
Hadaeq Sheikh Mohammed Bin RashidAED 4.68B1,558
Wadi Al Safa 3AED 3.94B491
MugatrahAED 3.87B1
Business BayAED 3.63B1,808
Al Barsha South FourthAED 3.44B3,263
Al Khairan FirstAED 2.92B1,278
Al Thanyah FifthAED 2.80B1,601

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Zaabeel Second264+175.0%
Madinat Hind 4426+146.2%
Al Hebiah Sixth189+133.3%
Al Thanyah First107+109.8%
Al Barshaa South Second119-79.0%
Al Kifaf86-74.5%
Al Yufrah 1167-61.6%
Al Hebiah First220+59.4%
Mirdif74-52.3%
Al Thanyah Fifth1,601+50.5%

The largest sales of Q2 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
12 Apr 2023Mugatrah—LandExisting PropertiesNot specified203,080,082 sqftAED 19/sqftAED 3,869,204,024
23 May 2023Madinat Al Mataar—Dubai World CentralLandExisting PropertiesNot specified14,656,269 sqftAED 45/sqftAED 659,538,246
12 Apr 2023Al Layan1—LandExisting PropertiesNot specified33,108,127 sqftAED 19/sqftAED 630,795,976
17 Apr 2023Marsa DubaiDAMAC BAY 2Dubai HarbourLandExisting PropertiesNot specified65,533 sqftAED 6,790/sqftAED 444,991,275
26 Jun 2023Oud Metha—LandExisting PropertiesNot specified241,378 sqftAED 1,450/sqftAED 350,000,000
10 May 2023Al Safouh SecondDAMAC CASASite ALandExisting PropertiesNot specified80,356 sqftAED 3,733/sqftAED 300,000,000
26 Jun 2023Al Goze First—BuildingExisting PropertiesNot specified192,462 sqftAED 1,309/sqftAED 252,000,000
28 Apr 2023Burj KhalifaOne ResidenceDownTown DubaiLandExisting PropertiesNot specified55,483 sqftAED 3,334/sqftAED 185,000,000
13 Apr 2023Wadi Al Safa 3—MajanBuildingExisting PropertiesNot specified60,373 sqftAED 2,816/sqftAED 170,000,000
25 May 2023Madinat Dubai AlmelaheyahOceanz 2 By DanubeDubai Maritime CityLandExisting PropertiesNot specified53,886 sqftAED 3,143/sqftAED 169,387,400

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.