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Monthly report

Dubai property market — June 2024

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

Sales14,095Registered in June 2024up34.7% vs a year earlier
Total valueAED 45.29BRegistered in June 2024Across 110 communities
Price per sqftAED 1,455/sqftMedian across June 2024up3% vs a year earlier
Sale priceAED 1.54MMedian across June 202456% sold off-plan

In a sentence

The Land Department registered 14,095 property sales in June 2024, worth AED 45.29B in total, across 110 communities. That is 35% more than the same month a year earlier.

The median sale was AED 1,541,274 at AED 1,455/sqft, 3% above the same month last year. 56% of sales were off-plan.

Business Bay was the busiest community with 1,180 registered sales, while Wadi Al Safa 7 took the most money at AED 4.40B.

Against the previous month, Wadi Al Safa 7 rose 469% to 700 sales, while Al Yufrah 1 fell 85% to 69.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,180+4.2%AED 3.21BAED 1.81MAED 2,423/sqft66%
Al Barsha South Fourth1,071-33.1%AED 1.37BAED 896KAED 1,224/sqft68%
Al Merkadh963-27.4%AED 1.23BAED 697KAED 1,796/sqft80%
Wadi Al Safa 5873+4.4%AED 2.43BAED 2.68MAED 1,157/sqft61%
Wadi Al Safa 7700+469.1%AED 4.40BAED 6.82MAED 1,319/sqft12%
Marsa Dubai546-31.7%AED 1.99BAED 2.54MAED 2,143/sqft40%
Al Barshaa South Third502-16.9%AED 555.10MAED 990KAED 1,331/sqft77%
Jabal Ali First482-20.2%AED 802.10MAED 1.08MAED 1,143/sqft51%
Madinat Al Mataar477+22.6%AED 1.41BAED 3.16MAED 1,193/sqft69%
Al Hebiah Fourth415-21.0%AED 1.16BAED 989KAED 1,462/sqft61%
Hadaeq Sheikh Mohammed Bin Rashid408-61.5%AED 1.47BAED 2.27MAED 2,172/sqft69%
Madinat Hind 4406+33.6%AED 795.64MAED 1.89MAED 1,128/sqft7%
Al Thanyah Fifth387-23.2%AED 1.92BAED 1.41MAED 1,437/sqft30%
Wadi Al Safa 3371+18.9%AED 1.77BAED 852KAED 1,225/sqft73%
Al Khairan First345+29.2%AED 867.21MAED 2.43MAED 2,395/sqft72%

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
Wadi Al Safa 7AED 4.40B700
Business BayAED 3.21B1,180
Wadi Al Safa 5AED 2.43B873
Marsa DubaiAED 1.99B546
Al Thanyah FifthAED 1.92B387
Me'Aisem SecondAED 1.79B91
Wadi Al Safa 3AED 1.77B371
Nad Al Shiba FirstAED 1.69B155
Palm JumeirahAED 1.50B149
Hadaeq Sheikh Mohammed Bin RashidAED 1.47B408

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
Wadi Al Safa 7700+469.1%
Um Suqaim Third127+149.0%
Wadi Al Safa 4187+142.9%
Al Yufrah 169-84.6%
Ras Al Khor Industrial First257-77.9%
Al Barshaa South Second327+65.2%
Al Wasl104-63.4%
Hadaeq Sheikh Mohammed Bin Rashid408-61.5%
Al Jadaf126-49.4%
Warsan Fourth52-48.5%

The largest sales of June 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
13 Jun 2024Trade Center Second—LandExisting PropertiesNot specified80,453 sqftAED 9,944/sqftAED 800,000,000
26 Jun 2024Al Thanyah FifthELTIERA VIEWSJumeirah IslandsLandExisting PropertiesNot specified448,508 sqftAED 1,098/sqftAED 492,326,295
28 Jun 2024Island 2—Jumeira BayLandExisting PropertiesNot specified17,265 sqftAED 13,930/sqftAED 240,500,000
5 Jun 2024Al Thanyah FifthMBL SignatureDMCC Master CommunityBuildingExisting PropertiesNot specified17,760 sqftAED 12,336/sqftAED 219,100,000
11 Jun 2024Madinat Dubai Almelaheyah—Mina RashidLandExisting PropertiesNot specified404,489 sqftAED 525/sqftAED 212,359,000
11 Jun 2024Business BayDorchester Collection DubaiBusiness BayHotelExisting PropertiesNot specified162,156 sqftAED 1,263/sqftAED 204,810,619
26 Jun 2024Al Thanyah FifthELTIERA HEIGHTSJumeirah IslandsLandExisting PropertiesNot specified109,084 sqftAED 1,448/sqftAED 157,952,445
10 Jun 2024Island 2Bulgari Lighthouse DubaiJumeira BayFlatOff-Plan Properties5 B/R11,655 sqftAED 12,712/sqftAED 148,154,000
10 Jun 2024Palm JumeirahSix Senses Residences The Palm, DubaiPalm JumeirahFlatOff-Plan Properties5 B/R26,514 sqftAED 4,601/sqftAED 122,000,000
28 Jun 2024Al Jadaf—Sama Al JadafBuildingExisting PropertiesNot specified25,294 sqftAED 4,744/sqftAED 120,000,000

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.