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Monthly report

Dubai property market — January 2024

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,188Registered in January 2024up16.5% vs a year earlier
Total valueAED 34.95BRegistered in January 2024Across 114 communities
Price per sqftAED 1,559/sqftMedian across January 2024up16.8% vs a year earlier
Sale priceAED 1.53MMedian across January 202454% sold off-plan

In a sentence

The Land Department registered 11,188 property sales in January 2024, worth AED 34.95B in total, across 114 communities. That is 16% more than the same month a year earlier.

The median sale was AED 1,526,889 at AED 1,559/sqft, 16.8% above the same month last year. 54% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,373 registered sales, while Business Bay took the most money at AED 2.58B.

Against the previous month, Al Wasl rose 205% to 192 sales, while Wadi Al Safa 2 fell 73% to 116.

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 January 2024, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,373+4.9%AED 1.52BAED 833KAED 1,284/sqft70%
Business Bay1,079+2.8%AED 2.58BAED 1.49MAED 2,205/sqft52%
Madinat Dubai Almelaheyah708+62.0%AED 2.45BAED 1.97MAED 2,096/sqft99%
Hadaeq Sheikh Mohammed Bin Rashid602-21.0%AED 2.14BAED 2.18MAED 2,138/sqft59%
Marsa Dubai474-36.8%AED 1.73BAED 2.45MAED 2,436/sqft35%
Al Merkadh465-6.6%AED 1.28BAED 1.45MAED 1,900/sqft66%
Al Thanyah Fifth450+10.6%AED 1.22BAED 1.58MAED 1,650/sqft53%
Burj Khalifa402+2.0%AED 1.46BAED 2.40MAED 2,853/sqft47%
Al Barshaa South Third355+3.8%AED 340.96MAED 842KAED 1,206/sqft79%
Madinat Al Mataar323+13.7%AED 679.30MAED 1.31MAED 1,513/sqft64%
Jabal Ali First320+18.5%AED 633.79MAED 1.06MAED 1,104/sqft47%
Wadi Al Safa 5285-13.1%AED 571.95MAED 900KAED 850/sqft26%
Al Warsan First277+21.5%AED 121.55MAED 350KAED 516/sqft4%
Madinat Hind 4272+110.9%AED 569.70MAED 1.92MAED 1,042/sqft0%
Al Yelayiss 2216+21.3%AED 269.81MAED 1.12MAED 1,147/sqft59%

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
Business BayAED 2.58B1,079
Madinat Dubai AlmelaheyahAED 2.45B708
Palm JumeirahAED 2.20B140
Hadaeq Sheikh Mohammed Bin RashidAED 2.14B602
Marsa DubaiAED 1.73B474
Al WaslAED 1.61B192
Palm Jabal AliAED 1.56B58
Al Barsha South FourthAED 1.52B1,373
Burj KhalifaAED 1.46B402
Al MerkadhAED 1.28B465

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
Al Wasl192+204.8%
Um Suqaim Third165+114.3%
Madinat Hind 4272+110.9%
Wadi Al Safa 2116-73.1%
Madinat Dubai Almelaheyah708+62.0%
Al Yufrah 1123-53.1%
Palm Jabal Ali58-44.2%
Mirdif50-43.2%
Al Hebiah Fifth157+42.7%
Marsa Dubai474-36.8%

The largest sales of January 2024

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
30 Jan 2024Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified1,144,476 sqftAED 537/sqftAED 614,962,740
2 Jan 2024Al Thanyah FifthDiamondz By DanubeDMCC Master CommunityLandExisting PropertiesNot specified57,135 sqftAED 4,696/sqftAED 268,331,360
24 Jan 2024Al Barshaa South Second—Dubai Science ParkLandExisting PropertiesNot specified165,618 sqftAED 1,269/sqftAED 210,100,000
30 Jan 2024Al Mamzer—BuildingExisting PropertiesNot specified27,000 sqftAED 6,741/sqftAED 182,000,000
26 Jan 2024Nad Al Shiba First—Meydan Racecourse CommunityBuildingExisting PropertiesNot specified92,065 sqftAED 1,924/sqftAED 177,126,000
15 Jan 2024Al WaslCASA AHSDubai Water CanalLandExisting PropertiesNot specified30,001 sqftAED 5,667/sqftAED 170,000,000
31 Jan 2024Al MerkadhMOHAMMED BIN RASHID AL MAKTOUM CITY-DISTRICT ONE PHASE II VILLASLandExisting PropertiesNot specified36,279 sqftAED 4,024/sqftAED 146,000,000
30 Jan 2024Madinat Dubai Almelaheyah31 Above By BeyondDubai Maritime CityLandExisting PropertiesNot specified90,168 sqftAED 1,568/sqftAED 141,338,055
8 Jan 2024Al Hebiah Sixth—MudonLandExisting PropertiesNot specified301,012 sqftAED 461/sqftAED 138,646,587
16 Jan 2024Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified14,619 sqftAED 8,786/sqftAED 128,450,000

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.