Dubai Market Data
Registered sales and Ejari contracts, organized for clear comparisons and better property decisions.
Public records · Dubai Land Department
Quarterly report
Dubai property market — Q4 2023
Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 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 35,039 property sales in Q4 2023, worth AED 121.66B in total, across 141 communities. That is 23% more than the same quarter a year earlier.
The median sale was AED 1,546,440 at AED 1,430/sqft, 5.8% above the same quarter last year. 50% of sales were off-plan.
Al Barsha South Fourth was the busiest community with 4,071 registered sales, while Palm Jabal Ali took the most money at AED 14.22B.
Against the previous quarter, Wadi Al Safa 2 rose 319% to 976 sales, while Al Hebiah Sixth fell 81% to 95.
Sales by quarter
Price per square foot by quarter
Where the sales were
The fifteen communities with the most registered sales in Q4 2023, and how each moved against the quarter before.
| Community | Sales | vs prior | Total value | Median price | Price/sqft | Off-plan |
|---|---|---|---|---|---|---|
| Al Barsha South Fourth | 4,071 | +13.5% | 5.01B | 800K | 1,234/sqft | 69% |
| Al Merkadh | 2,934 | -14.8% | 5.29B | 1.28M | 1,850/sqft | 84% |
| Business Bay | 2,706 | -5.5% | 5.77B | 1.42M | 2,046/sqft | 49% |
| Marsa Dubai | 2,102 | -2.0% | 8.60B | 3.06M | 3,160/sqft | 49% |
| Hadaeq Sheikh Mohammed Bin Rashid | 1,748 | +69.7% | 5.07B | 1.85M | 2,082/sqft | 68% |
| Burj Khalifa | 1,536 | +40.7% | 5.16B | 2.30M | 2,735/sqft | 45% |
| Al Thanyah Fifth | 1,171 | -33.9% | 3.61B | 1.45M | 1,302/sqft | 43% |
| Jabal Ali First | 1,138 | -1.0% | 2.26B | 1.05M | 1,088/sqft | 34% |
| Madinat Al Mataar | 1,119 | +0.4% | 3.33B | 2.44M | 1,062/sqft | 58% |
| Madinat Dubai Almelaheyah | 1,016 | +304.8% | 3.97B | 2.10M | 1,926/sqft | 98% |
| Wadi Al Safa 2 | 976 | +318.9% | 1.79B | 568K | 104/sqft | 13% |
| Wadi Al Safa 5 | 942 | -32.2% | 1.85B | 1.00M | 874/sqft | 46% |
| Al Barshaa South Third | 870 | -53.7% | 901.86M | 817K | 1,162/sqft | 67% |
| Al Hebiah Fourth | 800 | +6.0% | 2.57B | 744K | 931/sqft | 27% |
| Al Yufrah 1 | 747 | +30.6% | 2.41B | 2.68M | 1,101/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 Jabal Ali | 14.22B | 572 |
| Palm Jumeirah | 8.89B | 495 |
| Marsa Dubai | 8.60B | 2,102 |
| Business Bay | 5.77B | 2,706 |
| Al Merkadh | 5.29B | 2,934 |
| Burj Khalifa | 5.16B | 1,536 |
| Hadaeq Sheikh Mohammed Bin Rashid | 5.07B | 1,748 |
| Al Barsha South Fourth | 5.01B | 4,071 |
| Madinat Dubai Almelaheyah | 3.97B | 1,016 |
| Al Thanyah Fifth | 3.61B | 1,171 |
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.
| Community | Sales | Change |
|---|---|---|
| Wadi Al Safa 2 | 976 | +318.9% |
| Madinat Dubai Almelaheyah | 1,016 | +304.8% |
| Mirdif | 143 | +142.4% |
| Al Hebiah Sixth | 95 | -81.3% |
| Hadaeq Sheikh Mohammed Bin Rashid | 1,748 | +69.7% |
| Zaabeel Second | 128 | -64.5% |
| Al Khairan First | 495 | -57.5% |
| Al Barshaa South Third | 870 | -53.7% |
| Al Hebiah Fifth | 522 | -50.8% |
| Nad Al Shiba First | 264 | +41.9% |
The largest sales of Q4 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 |
| 9 Oct 2023 | Al Safouh Second | — | BuildingOther · Existing Properties | Not specified | 2,753,158 sqft | AED 666/sqft | AED 1,834,286,000 |
| 9 Oct 2023 | Palm Jumeirah | —Palm Jumeirah | LandCommercial · Existing Properties | Not specified | 584,346 sqft | AED 1,711/sqft | AED 1,000,000,000 |
| 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 |
| 9 Oct 2023 | Palm Deira | —Palm Deira | LandCommercial · Existing Properties | Not specified | 2,599,643 sqft | AED 231/sqft | AED 600,000,000 |
| 3 Nov 2023 | Madinat Dubai Almelaheyah | —Dubai Maritime City | LandResidential · Existing Properties | Not specified | 505,936 sqft | AED 1,000/sqft | AED 505,936,250 |
| 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 |
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.