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Monthly report

Dubai property market — November 2024

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

Sales14,313Registered in November 2024up19% vs a year earlier
Total valueAED 42.89BRegistered in November 2024Across 133 communities
Price per sqftAED 1,506/sqftMedian across November 2024up9.9% vs a year earlier
Sale priceAED 1.45MMedian across November 202459% sold off-plan

In a sentence

The Land Department registered 14,313 property sales in November 2024, worth AED 42.89B in total, across 133 communities. That is 19% more than the same month a year earlier.

The median sale was AED 1,450,000 at AED 1,506/sqft, 9.9% above the same month last year. 59% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,550 registered sales, while Business Bay took the most money at AED 3.16B.

Against the previous month, Palm Deira rose 107% to 253 sales, while Wadi Al Safa 4 fell 87% 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 November 2024, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,550+1.3%AED 1.83BAED 950KAED 1,318/sqft68%
Wadi Al Safa 51,056-18.5%AED 1.89BAED 1.10MAED 1,286/sqft73%
Business Bay820-26.7%AED 3.16BAED 1.71MAED 2,247/sqft54%
Marsa Dubai788+8.4%AED 3.03BAED 2.70MAED 2,469/sqft52%
Al Barsha South Fifth696+93.9%AED 631.73MAED 828KAED 1,386/sqft93%
Jabal Ali First589-13.4%AED 989.88MAED 1.05MAED 1,216/sqft56%
Al Thanyah Fifth516-20.4%AED 1.45BAED 1.83MAED 1,788/sqft53%
Madinat Al Mataar512-58.6%AED 1.22BAED 1.22MAED 1,431/sqft77%
Hadaeq Sheikh Mohammed Bin Rashid488-48.0%AED 1.78BAED 2.34MAED 2,253/sqft70%
Bukadra463-19.2%AED 1.13BAED 1.90MAED 2,380/sqft99%
Al Hebiah First410-50.4%AED 596.58MAED 1.02MAED 1,640/sqft51%
Burj Khalifa368-12.8%AED 2.17BAED 2.90MAED 2,790/sqft35%
Madinat Hind 4345-62.1%AED 479.30MAED 1.30MAED 1,157/sqft34%
Al Merkadh340-40.5%AED 825.20MAED 1.32MAED 1,972/sqft25%
Al Hebiah Fourth318+5.3%AED 944.78MAED 900KAED 1,057/sqft35%

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
Business BayAED 3.16B820
Marsa DubaiAED 3.03B788
Burj KhalifaAED 2.17B368
Wadi Al Safa 5AED 1.89B1,056
Al Barsha South FourthAED 1.83B1,550
Hadaeq Sheikh Mohammed Bin RashidAED 1.78B488
Palm DeiraAED 1.73B253
Palm JumeirahAED 1.65B124
Al Thanyah FifthAED 1.45B516
Al Yelayiss 1AED 1.23B45

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 Deira253+107.4%
Al Barsha South Fifth696+93.9%
Wadi Al Safa 469-86.9%
Dubai Investment Park Second255-69.5%
Madinat Hind 4345-62.1%
Madinat Al Mataar512-58.6%
Al Hebiah Fifth250-54.8%
Madinat Dubai Almelaheyah224-50.7%
Al Hebiah First410-50.4%
Hadaeq Sheikh Mohammed Bin Rashid488-48.0%

The largest sales of November 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
1 Nov 2024Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified378,885 sqftAED 1,333/sqftAED 505,000,000
28 Nov 2024Al Yelayiss 1—LandExisting PropertiesNot specified4,888,869 sqftAED 56/sqftAED 275,786,613
28 Nov 2024Al Yelayiss 1—LandExisting PropertiesNot specified4,888,861 sqftAED 56/sqftAED 275,786,175
28 Nov 2024Al Yelayiss 1—LandExisting PropertiesNot specified4,888,844 sqftAED 56/sqftAED 275,785,249
18 Nov 2024Palm DeiraELLINGTON SANDS IPalm DeiraLandExisting PropertiesNot specified392,558 sqftAED 654/sqftAED 256,846,260
18 Nov 2024Palm DeiraELLINGTON SANDS IIPalm DeiraLandExisting PropertiesNot specified382,330 sqftAED 654/sqftAED 250,153,740
25 Nov 2024Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,643 sqftAED 3,822/sqftAED 227,941,176
6 Nov 2024Wadi Al Safa 3—Mohammed Bin Rashid AL Maktoum District 11LandExisting PropertiesNot specified384,129 sqftAED 573/sqftAED 220,000,000
11 Nov 2024Business Bay—Business BayLandExisting PropertiesNot specified46,594 sqftAED 4,400/sqftAED 205,000,000
5 Nov 2024Business Bay—LandExisting PropertiesNot specified24,342 sqftAED 8,237/sqftAED 200,500,000

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.