← All reports

Quarterly report

Dubai property market — Q2 2024

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales42,934Registered in Q2 2024up43% vs a year earlier
Total valueAED 122.88BRegistered in Q2 2024Across 137 communities
Price per sqftAED 1,513/sqftMedian across Q2 2024up12.6% vs a year earlier
Sale priceAED 1.52MMedian across Q2 202460% sold off-plan

In a sentence

The Land Department registered 42,934 property sales in Q2 2024, worth AED 122.88B in total, across 137 communities. That is 43% more than the same quarter a year earlier.

The median sale was AED 1,518,888 at AED 1,513/sqft, 12.6% above the same quarter last year. 60% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 4,252 registered sales, while Business Bay took the most money at AED 8.01B.

Against the previous quarter, Ras Al Khor Industrial First rose 1,025% to 1,722 sales, while Al Hebiah Sixth fell 82% to 100.

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 Q2 2024, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth4,252+6.6%AED 4.72BAED 865KAED 1,262/sqft74%
Business Bay3,067+7.4%AED 8.01BAED 1.60MAED 2,314/sqft59%
Al Merkadh2,698+48.1%AED 3.96BAED 755KAED 1,816/sqft79%
Wadi Al Safa 52,046+136.5%AED 5.74BAED 2.72MAED 1,171/sqft59%
Hadaeq Sheikh Mohammed Bin Rashid1,909+56.2%AED 5.22BAED 2.20MAED 2,215/sqft81%
Marsa Dubai1,844+11.9%AED 6.79BAED 2.59MAED 2,205/sqft41%
Ras Al Khor Industrial First1,722+1025.5%AED 3.86BAED 1.81MAED 2,155/sqft100%
Jabal Ali First1,475+9.6%AED 2.49BAED 1.10MAED 1,159/sqft53%
Al Barshaa South Third1,414+33.9%AED 1.52BAED 962KAED 1,305/sqft74%
Al Hebiah Fourth1,364+38.5%AED 3.41BAED 985KAED 1,436/sqft65%
Al Thanyah Fifth1,241-8.0%AED 3.82BAED 1.38MAED 1,359/sqft33%
Zaabeel First1,201+144.6%AED 3.82BAED 3.01MAED 2,603/sqft99%
Al Hebiah Fifth1,128+54.9%AED 2.31BAED 1.37MAED 1,622/sqft58%
Madinat Al Mataar1,073+11.8%AED 2.98BAED 2.40MAED 1,180/sqft60%
Burj Khalifa957-17.6%AED 4.32BAED 3.00MAED 2,636/sqft30%

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 8.01B3,067
Marsa DubaiAED 6.79B1,844
Wadi Al Safa 5AED 5.74B2,046
Hadaeq Sheikh Mohammed Bin RashidAED 5.22B1,909
Wadi Al Safa 7AED 4.90B932
Palm JumeirahAED 4.72B487
Al Barsha South FourthAED 4.72B4,252
Burj KhalifaAED 4.32B957
Al MerkadhAED 3.96B2,698
Ras Al Khor Industrial FirstAED 3.86B1,722

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
Ras Al Khor Industrial First1,722+1025.5%
Al Barshaa South Second668+685.9%
Wadi Al Safa 7932+229.3%
Wadi Al Safa 4312+186.2%
Zaabeel First1,201+144.6%
Wadi Al Safa 52,046+136.5%
Al Jadaf522+89.8%
Al Hebiah First203+84.5%
Al Hebiah Sixth100-81.8%
Al Yufrah 1626+78.3%

The largest sales of Q2 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
14 May 2024Mushrif—BuildingExisting PropertiesNot specified5,248,492 sqftAED 152/sqftAED 800,000,000
14 May 2024Business Bay—BuildingExisting PropertiesNot specified20,612 sqftAED 24,258/sqftAED 500,000,000
26 Jun 2024Al Thanyah FifthELTIERA VIEWSJumeirah IslandsLandExisting PropertiesNot specified448,508 sqftAED 1,098/sqftAED 492,326,295
16 Apr 2024Al Barsha First—BuildingExisting PropertiesNot specified102,318 sqftAED 3,866/sqftAED 395,600,000
22 Apr 2024Trade Center FirstTrump TowerBuildingExisting PropertiesNot specified15,000 sqftAED 25,333/sqftAED 380,000,000
23 May 2024Business BayBayz 102 By DanubeLandExisting PropertiesNot specified36,021 sqftAED 9,994/sqftAED 360,000,000
4 Apr 2024Nad Al Shiba Third—BuildingExisting PropertiesNot specified1,358,419 sqftAED 184/sqftAED 250,000,000
28 Jun 2024Island 2—Jumeira BayLandExisting PropertiesNot specified17,265 sqftAED 13,930/sqftAED 240,500,000
16 Apr 2024Port Saeed—BuildingExisting PropertiesNot specified54,045 sqftAED 4,272/sqftAED 230,900,000

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.