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Monthly report

Dubai property market — October 2024

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

Sales20,359Registered in October 2024up72.3% vs a year earlier
Total valueAED 60.91BRegistered in October 2024Across 123 communities
Price per sqftAED 1,586/sqftMedian across October 2024up7.9% vs a year earlier
Sale priceAED 1.59MMedian across October 202465% sold off-plan

In a sentence

The Land Department registered 20,359 property sales in October 2024, worth AED 60.91B in total, across 123 communities. That is 72% more than the same month a year earlier.

The median sale was AED 1,594,648 at AED 1,586/sqft, 7.9% above the same month last year. 65% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,530 registered sales, while Ghadeer Al tair took the most money at AED 3.63B.

Against the previous month, Al Hebiah First rose 168% to 827 sales, while Al Khairan First fell 45% to 328.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,530-6.5%AED 1.74BAED 902KAED 1,341/sqft63%
Wadi Al Safa 51,295+49.0%AED 3.11BAED 1.54MAED 1,318/sqft76%
Madinat Al Mataar1,238+14.6%AED 2.46BAED 1.29MAED 1,538/sqft90%
Business Bay1,118+44.4%AED 2.56BAED 1.55MAED 2,313/sqft53%
Hadaeq Sheikh Mohammed Bin Rashid938+7.9%AED 2.93BAED 2.19MAED 2,429/sqft85%
Madinat Hind 4910-17.0%AED 1.17BAED 942KAED 1,214/sqft53%
Dubai Investment Park Second836+44.1%AED 2.47BAED 2.66MAED 1,597/sqft95%
Al Hebiah First827+167.6%AED 1.00BAED 1.12MAED 1,885/sqft93%
Marsa Dubai727+15.2%AED 3.04BAED 2.88MAED 2,163/sqft42%
Jabal Ali First680-5.0%AED 1.09BAED 1.11MAED 1,227/sqft57%
Al Thanyah Fifth648+7.6%AED 1.41BAED 1.70MAED 1,991/sqft58%
Bukadra573-30.3%AED 1.28BAED 1.93MAED 2,405/sqft100%
Al Merkadh571-0.9%AED 1.32BAED 1.65MAED 2,135/sqft60%
Al Hebiah Fifth553+12.4%AED 1.15BAED 1.38MAED 1,690/sqft51%
Wadi Al Safa 4525+98.1%AED 1.22BAED 2.20MAED 1,770/sqft100%

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
Ghadeer Al tairAED 3.63B226
Al Yelayiss 1AED 3.51B41
Wadi Al Safa 5AED 3.11B1,295
Marsa DubaiAED 3.04B727
Hadaeq Sheikh Mohammed Bin RashidAED 2.93B938
Business BayAED 2.56B1,118
Dubai Investment Park SecondAED 2.47B836
Madinat Al MataarAED 2.46B1,238
Palm JumeirahAED 2.42B163
Burj KhalifaAED 2.03B422

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 Hebiah First827+167.6%
Wadi Al Safa 7389+109.1%
Wadi Al Safa 4525+98.1%
Al Barsha South Fifth359+75.1%
Al Wasl195+66.7%
Madinat Dubai Almelaheyah454+53.9%
Nadd Hessa250+52.4%
Wadi Al Safa 51,295+49.0%
Al Barshaa South Third512+48.8%
Me'Aisem First374+46.1%

The largest sales of October 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 Oct 2024Al Yelayiss 1—LandExisting PropertiesNot specified30,066,494 sqftAED 94/sqftAED 2,826,808,244
18 Oct 2024Al Safouh Second—Site ABuildingExisting PropertiesNot specified128,412 sqftAED 5,607/sqftAED 720,000,000
28 Oct 2024Palm JumeirahPasso By BeyondPalm JumeirahBuildingExisting PropertiesNot specified505,735 sqftAED 1,285/sqftAED 650,000,000
15 Oct 2024Al Yelayiss 1—LandExisting PropertiesNot specified10,022,165 sqftAED 56/sqftAED 565,361,649
1 Oct 2024Trade Center First—BuildingExisting PropertiesNot specified20,000 sqftAED 20,491/sqftAED 409,818,531
14 Oct 2024Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified378,885 sqftAED 977/sqftAED 369,999,999
3 Oct 2024Madinat Hind 3—LandExisting PropertiesNot specified16,416,443 sqftAED 18/sqftAED 296,000,000
3 Oct 2024Al Yufrah 1—LandExisting PropertiesNot specified14,213,534 sqftAED 17/sqftAED 245,067,213
1 Oct 2024Island 2—Jumeira BayLandExisting PropertiesNot specified14,842 sqftAED 11,791/sqftAED 175,000,000
2 Oct 2024Palm JumeirahEOMEPalm JumeirahVillaOff-Plan Properties7 B/R24,407 sqftAED 6,986/sqftAED 170,500,000

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.