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 — February 2024
Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.
In a sentence
The Land Department registered 11,918 property sales in February 2024, worth AED 36.27B in total, across 118 communities. That is 28% more than the same month a year earlier.
The median sale was AED 1,490,032 at AED 1,500/sqft, 21.2% above the same month last year. 54% of sales were off-plan.
Al Barsha South Fourth was the busiest community with 1,272 registered sales, while Dubai Investment Park Second took the most money at AED 4.28B.
Against the previous month, Al Khairan First rose 107% to 371 sales, while Um Suqaim Third fell 56% to 72.
Sales by month
Price per square foot by month
Where the sales were
The fifteen communities with the most registered sales in February 2024, and how each moved against the month before.
| Community | Sales | vs prior | Total value | Median price | Price/sqft | Off-plan |
|---|---|---|---|---|---|---|
| Al Barsha South Fourth | 1,272 | -7.3% | 1.60B | 870K | 1,246/sqft | 67% |
| Madinat Dubai Almelaheyah | 1,094 | +54.5% | 2.15B | 1.66M | 2,516/sqft | 100% |
| Business Bay | 873 | -19.1% | 1.92B | 1.52M | 2,138/sqft | 47% |
| Al Merkadh | 527 | +13.3% | 1.32B | 1.28M | 1,825/sqft | 56% |
| Marsa Dubai | 512 | +8.0% | 1.83B | 2.54M | 2,729/sqft | 34% |
| Jabal Ali First | 501 | +56.6% | 992.53M | 1.26M | 1,035/sqft | 56% |
| Al Thanyah Fifth | 434 | -3.6% | 962.08M | 1.61M | 1,564/sqft | 37% |
| Hadaeq Sheikh Mohammed Bin Rashid | 374 | -37.9% | 1.50B | 1.70M | 2,139/sqft | 39% |
| Al Khairan First | 371 | +107.3% | 950.16M | 2.70M | 2,236/sqft | 69% |
| Burj Khalifa | 366 | -9.0% | 1.36B | 2.60M | 2,665/sqft | 28% |
| Al Yelayiss 2 | 344 | +59.3% | 437.93M | 1.16M | 1,167/sqft | 76% |
| Al Barshaa South Third | 331 | -6.8% | 395.06M | 770K | 1,295/sqft | 70% |
| Madinat Hind 4 | 301 | +10.7% | 688.01M | 2.86M | 1,047/sqft | 0% |
| Wadi Al Safa 5 | 287 | +0.7% | 555.09M | 1.08M | 941/sqft | 33% |
| Al Hebiah Fourth | 283 | +61.7% | 743.18M | 778K | 1,093/sqft | 38% |
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 |
|---|---|---|
| Dubai Investment Park Second | 4.28B | 12 |
| Madinat Dubai Almelaheyah | 2.15B | 1,094 |
| Business Bay | 1.92B | 873 |
| Marsa Dubai | 1.83B | 512 |
| Al Barsha South Fourth | 1.60B | 1,272 |
| Hadaeq Sheikh Mohammed Bin Rashid | 1.50B | 374 |
| Burj Khalifa | 1.36B | 366 |
| Al Merkadh | 1.32B | 527 |
| Palm Jumeirah | 1.31B | 137 |
| Jabal Ali First | 992.53M | 501 |
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 |
|---|---|---|
| Al Khairan First | 371 | +107.3% |
| Wadi Al Safa 2 | 213 | +83.6% |
| Al Hebiah Fourth | 283 | +61.7% |
| Al Yelayiss 2 | 344 | +59.3% |
| Jabal Ali First | 501 | +56.6% |
| Um Suqaim Third | 72 | -56.4% |
| Palm Deira | 51 | -55.3% |
| Wadi Al Safa 3 | 282 | +54.9% |
| Madinat Dubai Almelaheyah | 1,094 | +54.5% |
| Me'Aisem First | 188 | +52.8% |
The largest sales of February 2024
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 |
|---|---|---|---|---|---|---|---|
| 16 Feb 2024 | Dubai Investment Park Second | — | LandOther · Existing Properties | Not specified | 59,655,910 sqft | AED 60/sqft | AED 3,579,358,035 |
| 19 Feb 2024 | Dubai Investment Park Second | — | LandOther · Existing Properties | Not specified | 10,632,255 sqft | AED 65/sqft | AED 691,000,000 |
| 29 Feb 2024 | Island 2 | —Jumeira Bay | LandOther · Existing Properties | Not specified | 16,864 sqft | AED 9,487/sqft | AED 160,000,000 |
| 5 Feb 2024 | Island 2 | Bulgari Lighthouse DubaiJumeira Bay | FlatResidential · Off-Plan Properties | 5 B/R | 11,657 sqft | AED 12,049/sqft | AED 140,450,000 |
| 15 Feb 2024 | Island 2 | Bulgari Lighthouse DubaiJumeira Bay | FlatResidential · Off-Plan Properties | 5 B/R | 11,655 sqft | AED 11,785/sqft | AED 137,350,000 |
| 13 Feb 2024 | Business Bay | VELORBusiness Bay | LandResidential · Existing Properties | Not specified | 25,760 sqft | AED 4,697/sqft | AED 121,000,000 |
| 26 Feb 2024 | Hadaeq Sheikh Mohammed Bin Rashid | Dubai Hills - Hills View CommunityDUBAI HILLS - HILLS VIEW | LandResidential · Existing Properties | Not specified | 37,867 sqft | AED 3,169/sqft | AED 120,000,000 |
| 8 Feb 2024 | Jumeirah First | — | VillaResidential · Existing Properties | Not specified | 170,134 sqft | AED 699/sqft | AED 119,000,000 |
| 21 Feb 2024 | Hadaeq Sheikh Mohammed Bin Rashid | —DUBAI HILLS - HILLS VIEW | LandResidential · Existing Properties | Not specified | 29,095 sqft | AED 3,918/sqft | AED 114,000,000 |
| 1 Feb 2024 | Madinat Dubai Almelaheyah | LIV MARITIMEDubai Maritime City | LandIndustrial · Existing Properties | Not specified | 30,011 sqft | AED 3,565/sqft | AED 107,000,000 |
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.