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Quarterly report

Dubai property market — Q1 2024

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales36,297Registered in Q1 2024up17.8% vs a year earlier
Total valueAED 107.57BRegistered in Q1 2024Across 139 communities
Price per sqftAED 1,499/sqftMedian across Q1 2024up16.6% vs a year earlier
Sale priceAED 1.50MMedian across Q1 202455% sold off-plan

In a sentence

The Land Department registered 36,297 property sales in Q1 2024, worth AED 107.57B in total, across 139 communities. That is 18% more than the same quarter a year earlier.

The median sale was AED 1,496,777 at AED 1,499/sqft, 16.6% above the same quarter last year. 55% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 3,987 registered sales, while Business Bay took the most money at AED 6.39B.

Against the previous quarter, Al Hebiah Sixth rose 477% to 548 sales, while Palm Jabal Ali fell 84% to 90.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2024, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth3,987-2.1%AED 4.74BAED 850KAED 1,260/sqft68%
Business Bay2,857+5.6%AED 6.39BAED 1.51MAED 2,201/sqft50%
Madinat Dubai Almelaheyah2,145+111.1%AED 5.31BAED 1.74MAED 2,351/sqft99%
Al Merkadh1,822-37.9%AED 3.87BAED 1.18MAED 1,800/sqft65%
Marsa Dubai1,648-21.6%AED 6.05BAED 2.57MAED 2,553/sqft36%
Al Thanyah Fifth1,349+15.2%AED 3.06BAED 1.49MAED 1,460/sqft44%
Jabal Ali First1,346+18.3%AED 2.66BAED 1.17MAED 1,074/sqft55%
Hadaeq Sheikh Mohammed Bin Rashid1,222-30.1%AED 4.68BAED 2.05MAED 2,134/sqft50%
Burj Khalifa1,162-24.3%AED 4.47BAED 2.60MAED 2,739/sqft37%
Al Barshaa South Third1,056+21.4%AED 1.18BAED 805KAED 1,264/sqft76%
Al Hebiah Fourth985+23.1%AED 2.82BAED 859KAED 1,406/sqft50%
Madinat Al Mataar960-14.2%AED 2.28BAED 1.84MAED 1,184/sqft64%
Wadi Al Safa 5865-8.2%AED 1.71BAED 1.02MAED 933/sqft35%
Madinat Hind 4846+61.8%AED 1.84BAED 2.06MAED 1,062/sqft0%
Al Yelayiss 2845+67.3%AED 1.05BAED 1.15MAED 1,151/sqft71%

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 6.39B2,857
Marsa DubaiAED 6.05B1,648
Madinat Dubai AlmelaheyahAED 5.31B2,145
Palm JumeirahAED 5.05B418
Al Barsha South FourthAED 4.74B3,987
Hadaeq Sheikh Mohammed Bin RashidAED 4.68B1,222
Burj KhalifaAED 4.47B1,162
Dubai Investment Park SecondAED 4.37B41
Al MerkadhAED 3.87B1,822
Al Thanyah FifthAED 3.06B1,349

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Hebiah Sixth548+476.8%
Al Safouh Second261+383.3%
Dubai Investment Park First303+140.5%
Madinat Dubai Almelaheyah2,145+111.1%
Palm Jabal Ali90-84.3%
Um Suqaim Third270+69.8%
Al Yelayiss 2845+67.3%
Al Khairan First818+65.3%
Saih Shuaib 174-62.1%
Madinat Hind 4846+61.8%

The largest sales of Q1 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 Feb 2024Dubai Investment Park Second—LandExisting PropertiesNot specified59,655,910 sqftAED 60/sqftAED 3,579,358,035
19 Feb 2024Dubai Investment Park Second—LandExisting PropertiesNot specified10,632,255 sqftAED 65/sqftAED 691,000,000
30 Jan 2024Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified1,144,476 sqftAED 537/sqftAED 614,962,740
2 Jan 2024Al Thanyah FifthDiamondz By DanubeDMCC Master CommunityLandExisting PropertiesNot specified57,135 sqftAED 4,696/sqftAED 268,331,360
4 Mar 2024Al Nahda Second—BuildingExisting PropertiesNot specified64,750 sqftAED 3,861/sqftAED 250,000,000
24 Jan 2024Al Barshaa South Second—Dubai Science ParkLandExisting PropertiesNot specified165,618 sqftAED 1,269/sqftAED 210,100,000
28 Mar 2024Al Hebiah Fifth—LandExisting PropertiesNot specified3,438,704 sqftAED 57/sqftAED 196,958,628
30 Jan 2024Al Mamzer—BuildingExisting PropertiesNot specified27,000 sqftAED 6,741/sqftAED 182,000,000
26 Jan 2024Nad Al Shiba First—Meydan Racecourse CommunityBuildingExisting PropertiesNot specified92,065 sqftAED 1,924/sqftAED 177,126,000
15 Jan 2024Al WaslCASA AHSDubai Water CanalLandExisting PropertiesNot specified30,001 sqftAED 5,667/sqftAED 170,000,000

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.