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Monthly report

Dubai property market — April 2024

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

Sales11,558Registered in April 2024up45.1% vs a year earlier
Total valueAED 32.25BRegistered in April 2024Across 113 communities
Price per sqftAED 1,531/sqftMedian across April 2024up18.6% vs a year earlier
Sale priceAED 1.47MMedian across April 202461% sold off-plan

In a sentence

The Land Department registered 11,558 property sales in April 2024, worth AED 32.25B in total, across 113 communities. That is 45% more than the same month a year earlier.

The median sale was AED 1,470,397 at AED 1,531/sqft, 18.6% above the same month last year. 61% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,580 registered sales, while Zaabeel First took the most money at AED 3.39B.

Against the previous month, Zaabeel First rose 128% to 1,091 sales, while Nad Al Shiba First fell 70% to 65.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,580+17.7%AED 1.60BAED 810KAED 1,272/sqft80%
Zaabeel First1,091+127.8%AED 3.39BAED 2.99MAED 2,596/sqft100%
Business Bay755-16.6%AED 1.38BAED 1.45MAED 2,217/sqft51%
Marsa Dubai499-24.6%AED 1.55BAED 2.44MAED 2,181/sqft34%
Hadaeq Sheikh Mohammed Bin Rashid441+79.3%AED 1.09BAED 2.21MAED 2,169/sqft82%
Al Hebiah Fourth424-19.5%AED 886.68MAED 979KAED 1,450/sqft70%
Al Merkadh409-50.7%AED 805.21MAED 930KAED 1,741/sqft56%
Al Hebiah Fifth389+0.3%AED 865.82MAED 1.36MAED 1,636/sqft64%
Jabal Ali First389-25.9%AED 690.09MAED 1.16MAED 1,161/sqft53%
Al Thanyah Fifth350-24.7%AED 664.21MAED 1.08MAED 1,224/sqft46%
Wadi Al Safa 5337+15.0%AED 779.49MAED 2.15MAED 1,132/sqft46%
Al Barshaa South Third308-16.8%AED 336.83MAED 956KAED 1,304/sqft81%
Ras Al Khor Industrial First301+99.3%AED 733.59MAED 1.82MAED 2,120/sqft100%
Al Yelayiss 2297+4.2%AED 356.58MAED 1.17MAED 1,127/sqft79%
Burj Khalifa291-26.1%AED 1.15BAED 2.70MAED 2,586/sqft34%

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
Zaabeel FirstAED 3.39B1,091
Palm JumeirahAED 1.68B155
Al Barsha South FourthAED 1.60B1,580
Marsa DubaiAED 1.55B499
Business BayAED 1.38B755
Palm DeiraAED 1.18B130
Burj KhalifaAED 1.15B291
Hadaeq Sheikh Mohammed Bin RashidAED 1.09B441
Al JadafAED 903.20M147
Al Hebiah FourthAED 886.68M424

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
Zaabeel First1,091+127.8%
Ras Al Khor Industrial First301+99.3%
Hadaeq Sheikh Mohammed Bin Rashid441+79.3%
Nad Al Shiba First65-70.0%
Madinat Al Mataar207-52.6%
Al Hebiah Third123-52.3%
Madinat Dubai Almelaheyah167-51.3%
Al Merkadh409-50.7%
Madinat Hind 4152-44.3%
Wadi Al Safa 2117-42.9%

The largest sales of April 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
16 Apr 2024Al Barsha First—BuildingExisting PropertiesNot specified102,318 sqftAED 3,866/sqftAED 395,600,000
22 Apr 2024Trade Center FirstTrump TowerBuildingExisting PropertiesNot specified15,000 sqftAED 25,333/sqftAED 380,000,000
4 Apr 2024Nad Al Shiba Third—BuildingExisting PropertiesNot specified1,358,419 sqftAED 184/sqftAED 250,000,000
16 Apr 2024Port Saeed—BuildingExisting PropertiesNot specified54,045 sqftAED 4,272/sqftAED 230,900,000
3 Apr 2024Mankhool—LandExisting PropertiesNot specified79,031 sqftAED 2,300/sqftAED 181,771,300
16 Apr 2024Al Murqabat—BuildingExisting PropertiesNot specified41,454 sqftAED 3,667/sqftAED 152,000,000
3 Apr 2024Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified79,274 sqftAED 1,867/sqftAED 148,000,000
4 Apr 2024World Islands—The WorldLandExisting PropertiesNot specified657,937 sqftAED 198/sqftAED 130,482,345
18 Apr 2024Al Barshaa South Second—Dubai Science ParkLandExisting PropertiesNot specified387,167 sqftAED 258/sqftAED 100,000,000
22 Apr 2024Trade Center FirstTrump TowerBuildingExisting PropertiesNot specified1,587 sqftAED 62,721/sqftAED 99,539,503

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.