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Monthly report

Dubai property market — March 2024

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

Sales13,191Registered in March 2024up10.7% vs a year earlier
Total valueAED 36.35BRegistered in March 2024Across 111 communities
Price per sqftAED 1,463/sqftMedian across March 2024up14.5% vs a year earlier
Sale priceAED 1.45MMedian across March 202456% sold off-plan

In a sentence

The Land Department registered 13,191 property sales in March 2024, worth AED 36.35B in total, across 111 communities. That is 11% more than the same month a year earlier.

The median sale was AED 1,450,000 at AED 1,463/sqft, 14.5% above the same month last year. 56% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,342 registered sales, while Marsa Dubai took the most money at AED 2.49B.

Against the previous month, Palm Deira rose 224% to 165 sales, while Madinat Dubai Almelaheyah fell 69% to 343.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,342+5.5%AED 1.62BAED 850KAED 1,250/sqft67%
Business Bay905+3.7%AED 1.89BAED 1.59MAED 2,273/sqft49%
Al Merkadh830+57.5%AED 1.27BAED 896KAED 1,708/sqft70%
Marsa Dubai662+29.3%AED 2.49BAED 2.78MAED 2,595/sqft40%
Al Hebiah Fourth527+86.2%AED 1.20BAED 881KAED 1,459/sqft64%
Jabal Ali First525+4.8%AED 1.04BAED 1.14MAED 1,148/sqft58%
Zaabeel First479+7883.3%AED 1.59BAED 3.25MAED 2,822/sqft98%
Al Thanyah Fifth465+7.1%AED 873.73MAED 1.10MAED 1,238/sqft42%
Madinat Al Mataar437+118.5%AED 1.29BAED 2.97MAED 1,184/sqft74%
Burj Khalifa394+7.7%AED 1.65BAED 2.89MAED 2,643/sqft35%
Al Hebiah Fifth388+112.0%AED 1.11BAED 1.66MAED 1,596/sqft52%
Al Barshaa South Third370+11.8%AED 447.18MAED 803KAED 1,291/sqft77%
Madinat Dubai Almelaheyah343-68.6%AED 706.68MAED 1.82MAED 2,409/sqft99%
Wadi Al Safa 3320+13.5%AED 1.07BAED 960KAED 1,522/sqft78%
Wadi Al Safa 5293+2.1%AED 587.75MAED 1.32MAED 1,068/sqft46%

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 2.49B662
Business BayAED 1.89B905
Burj KhalifaAED 1.65B394
Al Barsha South FourthAED 1.62B1,342
Zaabeel FirstAED 1.59B479
Palm JumeirahAED 1.55B141
Palm DeiraAED 1.40B165
Madinat Al MataarAED 1.29B437
Al MerkadhAED 1.27B830
Al Hebiah FourthAED 1.20B527

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
Palm Deira165+223.5%
Nad Al Shiba First217+219.1%
Madinat Al Mataar437+118.5%
Al Hebiah Fifth388+112.0%
Al Hebiah Fourth527+86.2%
Al Yufrah 1148+85.0%
Madinat Dubai Almelaheyah343-68.6%
Wadi Al Safa 7130+64.6%
Al Merkadh830+57.5%
Hadaeq Sheikh Mohammed Bin Rashid246-34.2%

The largest sales of March 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
4 Mar 2024Al Nahda Second—BuildingExisting PropertiesNot specified64,750 sqftAED 3,861/sqftAED 250,000,000
28 Mar 2024Al Hebiah Fifth—LandExisting PropertiesNot specified3,438,704 sqftAED 57/sqftAED 196,958,628
20 Mar 2024Island 2BV MansionsJumeira BayVillaExisting PropertiesNot specified17,349 sqftAED 8,934/sqftAED 155,000,000
27 Mar 2024Hadaeq Sheikh Mohammed Bin RashidDubai Hills - Hills View CommunityDUBAI HILLS - HILLS VIEWLandExisting PropertiesNot specified33,884 sqftAED 4,279/sqftAED 145,000,000
15 Mar 2024Al WaslCASA CANALDubai Water CanalFlatOff-Plan Properties6 B/R30,332 sqftAED 4,616/sqftAED 140,000,000
14 Mar 2024Al Hebiah FourthLANAI IslandTILAL AL GHAFLandExisting PropertiesNot specified25,501 sqftAED 4,046/sqftAED 103,170,000
6 Mar 2024Um Suqaim First—VillaExisting PropertiesNot specified119,366 sqftAED 734/sqftAED 87,600,000
27 Mar 2024Al Hebiah First—Motor CityLandExisting PropertiesNot specified63,605 sqftAED 1,356/sqftAED 86,219,185
1 Mar 2024Naif—BuildingExisting PropertiesNot specified26,935 sqftAED 3,156/sqftAED 85,000,000
27 Mar 2024Al Hebiah First—Motor CityLandExisting PropertiesNot specified92,907 sqftAED 912/sqftAED 84,703,980

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.