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Monthly report

Dubai property market — December 2024

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

Sales15,482Registered in December 2024up38.3% vs a year earlier
Total valueAED 43.46BRegistered in December 2024Across 117 communities
Price per sqftAED 1,568/sqftMedian across December 2024up8% vs a year earlier
Sale priceAED 1.43MMedian across December 202461% sold off-plan

In a sentence

The Land Department registered 15,482 property sales in December 2024, worth AED 43.46B in total, across 117 communities. That is 38% more than the same month a year earlier.

The median sale was AED 1,430,000 at AED 1,568/sqft, 8% above the same month last year. 61% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,658 registered sales, while Business Bay took the most money at AED 3.29B.

Against the previous month, Al Barshaa South Second rose 99% to 382 sales, while Dubai Investment Park Second fell 78% to 55.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,658+7.0%AED 2.14BAED 950KAED 1,293/sqft75%
Business Bay1,390+69.5%AED 3.29BAED 1.50MAED 2,291/sqft74%
Wadi Al Safa 51,032-2.3%AED 1.56BAED 967KAED 1,300/sqft78%
Madinat Al Mataar932+82.0%AED 2.33BAED 1.17MAED 1,610/sqft84%
Marsa Dubai801+1.6%AED 3.19BAED 2.34MAED 2,537/sqft52%
Jabal Ali First526-10.7%AED 920.38MAED 1.14MAED 1,279/sqft56%
Al Merkadh452+32.9%AED 975.07MAED 1.26MAED 2,117/sqft55%
Madinat Hind 4450+30.4%AED 760.13MAED 1.90MAED 1,242/sqft12%
Al Hebiah Fifth446+78.4%AED 962.83MAED 1.26MAED 828/sqft19%
Hadaeq Sheikh Mohammed Bin Rashid444-9.0%AED 1.30BAED 2.25MAED 2,224/sqft66%
Al Yelayiss 1425+844.4%AED 2.60BAED 2.80MAED 1,723/sqft0%
Al Thanyah Fifth418-19.0%AED 1.23BAED 2.20MAED 1,891/sqft48%
Al Barshaa South Second382+99.0%AED 418.08MAED 900KAED 1,423/sqft96%
Bukadra363-21.6%AED 943.88MAED 1.92MAED 2,350/sqft99%
Al Barsha South Fifth341-51.0%AED 380.18MAED 941KAED 1,518/sqft90%

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 3.29B1,390
Marsa DubaiAED 3.19B801
Al Yelayiss 1AED 2.60B425
Madinat Al MataarAED 2.33B932
Al Barsha South FourthAED 2.14B1,658
Palm JumeirahAED 1.69B165
Wadi Al Safa 5AED 1.56B1,032
Burj KhalifaAED 1.54B336
Hadaeq Sheikh Mohammed Bin RashidAED 1.30B444
Al Thanyah FifthAED 1.23B418

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 Barshaa South Second382+99.0%
Madinat Al Mataar932+82.0%
Dubai Investment Park Second55-78.4%
Al Hebiah Fifth446+78.4%
Al Yufrah 1322+71.3%
Business Bay1,390+69.5%
Al Jadaf274+69.1%
Al Hebiah Second111+68.2%
Al Hebiah First194-52.7%
Al Barsha South Fifth341-51.0%

The largest sales of December 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
30 Dec 2024Al Yelayiss 1—LandExisting PropertiesNot specified1,605,794 sqftAED 294/sqftAED 471,795,129
19 Dec 2024Trade Center FirstTrump TowerBuildingExisting PropertiesNot specified15,000 sqftAED 29,667/sqftAED 445,000,000
30 Dec 2024Al Yelayiss 1—LandExisting PropertiesNot specified1,355,151 sqftAED 294/sqftAED 398,154,291
30 Dec 2024Al Yelayiss 1—LandExisting PropertiesNot specified1,206,655 sqftAED 294/sqftAED 354,525,044
12 Dec 2024Business Bay—LandExisting PropertiesNot specified18,418 sqftAED 18,732/sqftAED 345,000,000
24 Dec 2024Marsa DubaiMOHAMMAD AQIL ALI & AHMAD ALI ALZAROONIDubai MarinaBuildingExisting PropertiesNot specified40,333 sqftAED 6,831/sqftAED 275,500,000
13 Dec 2024Al Hebiah FifthReportage HillsLandExisting PropertiesNot specified1,178,582 sqftAED 170/sqftAED 200,366,036
24 Dec 2024Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified15,771 sqftAED 12,681/sqftAED 200,000,000
18 Dec 2024Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified34,576 sqftAED 4,386/sqftAED 151,651,000
18 Dec 2024Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified35,174 sqftAED 3,269/sqftAED 115,000,000

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.