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Quarterly report

Dubai property market — Q3 2024

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales49,945Registered in Q3 2024up38.1% vs a year earlier
Total valueAED 141.57BRegistered in Q3 2024Across 139 communities
Price per sqftAED 1,508/sqftMedian across Q3 2024up7.5% vs a year earlier
Sale priceAED 1.63MMedian across Q3 202463% sold off-plan

In a sentence

The Land Department registered 49,945 property sales in Q3 2024, worth AED 141.57B in total, across 139 communities. That is 38% more than the same quarter a year earlier.

The median sale was AED 1,625,000 at AED 1,508/sqft, 7.5% above the same quarter last year. 63% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 4,442 registered sales, while Madinat Al Mataar took the most money at AED 8.41B.

Against the previous quarter, Dubai Investment Park Second rose 1,024% to 618 sales, while Ras Al Khor Industrial First fell 77% to 400.

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 Q3 2024, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth4,442+4.5%AED 5.30BAED 920KAED 1,342/sqft71%
Madinat Al Mataar2,916+171.8%AED 8.41BAED 2.69MAED 1,301/sqft74%
Business Bay2,682-12.6%AED 7.29BAED 1.57MAED 2,254/sqft56%
Wadi Al Safa 52,432+18.9%AED 5.47BAED 1.12MAED 1,303/sqft67%
Hadaeq Sheikh Mohammed Bin Rashid2,314+21.2%AED 7.29BAED 2.42MAED 2,376/sqft85%
Jabal Ali First2,070+40.3%AED 3.51BAED 1.16MAED 1,181/sqft51%
Bukadra2,034+841.7%AED 4.52BAED 1.87MAED 2,415/sqft99%
Madinat Hind 41,991+131.0%AED 2.75BAED 1.23MAED 1,172/sqft45%
Marsa Dubai1,948+5.6%AED 8.18BAED 2.46MAED 2,011/sqft43%
Al Khairan First1,764+109.3%AED 4.94BAED 2.41MAED 2,584/sqft83%
Al Thanyah Fifth1,748+40.9%AED 4.14BAED 1.51MAED 1,850/sqft54%
Al Merkadh1,559-42.2%AED 3.14BAED 1.36MAED 2,095/sqft51%
Al Yufrah 11,390+122.0%AED 5.51BAED 3.22MAED 1,169/sqft93%
Al Barshaa South Third1,310-7.4%AED 1.52BAED 920KAED 1,351/sqft73%
Al Hebiah Fourth1,225-10.2%AED 2.63BAED 1.00MAED 1,401/sqft57%

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
Madinat Al MataarAED 8.41B2,916
Marsa DubaiAED 8.18B1,948
Hadaeq Sheikh Mohammed Bin RashidAED 7.29B2,314
Business BayAED 7.29B2,682
Palm JumeirahAED 5.98B439
Al Yufrah 1AED 5.51B1,390
Wadi Al Safa 5AED 5.47B2,432
Al Barsha South FourthAED 5.30B4,442
Al Khairan FirstAED 4.94B1,764
Burj KhalifaAED 4.91B1,173

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
Dubai Investment Park Second618+1023.6%
Bukadra2,034+841.7%
Jabal Ali Industrial Second319+490.7%
Al Kifaf310+222.9%
Al Hebiah Second365+189.7%
Madinat Al Mataar2,916+171.8%
Al Hebiah First484+138.4%
Madinat Hind 41,991+131.0%
Al Yufrah 11,390+122.0%
Al Khairan First1,764+109.3%

The largest sales of Q3 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
6 Aug 2024Marsa DubaiPalace by the BeachDubai HarbourLandExisting PropertiesNot specified106,312 sqftAED 6,976/sqftAED 741,650,000
20 Aug 2024Business BayBureau LamarBusiness BayLandExisting PropertiesNot specified333,270 sqftAED 1,951/sqftAED 650,130,000
17 Jul 2024Al Yufrah 1—LandExisting PropertiesNot specified9,999,986 sqftAED 61/sqftAED 610,000,000
6 Aug 2024Marsa DubaiBAYVIEWDubai HarbourLandExisting PropertiesNot specified68,835 sqftAED 7,708/sqftAED 530,590,000
6 Aug 2024Marsa DubaiSEAPOINTDubai HarbourLandExisting PropertiesNot specified69,156 sqftAED 7,672/sqftAED 530,590,000
29 Jul 2024Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified258,517 sqftAED 1,710/sqftAED 442,176,000
26 Aug 2024Trade Center SecondAHS TOWERBuildingExisting PropertiesNot specified10,000 sqftAED 44,000/sqftAED 440,000,000
27 Sept 2024Al WaslAMALI RESIDENCESDubai Water CanalLandExisting PropertiesNot specified125,697 sqftAED 3,487/sqftAED 438,302,100
8 Jul 2024Al Wasl—Dubai Water CanalLandExisting PropertiesNot specified185,339 sqftAED 2,272/sqftAED 421,000,000
13 Sept 2024Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified61,050 sqftAED 6,323/sqftAED 386,000,000

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.