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Quarterly report

Dubai property market — Q4 2024

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales50,154Registered in Q4 2024up43.1% vs a year earlier
Total valueAED 147.26BRegistered in Q4 2024Across 153 communities
Price per sqftAED 1,561/sqftMedian across Q4 2024up9.1% vs a year earlier
Sale priceAED 1.50MMedian across Q4 202462% sold off-plan

In a sentence

The Land Department registered 50,154 property sales in Q4 2024, worth AED 147.26B in total, across 153 communities. That is 43% more than the same quarter a year earlier.

The median sale was AED 1,500,000 at AED 1,561/sqft, 9.1% above the same quarter last year. 62% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 4,738 registered sales, while Marsa Dubai took the most money at AED 9.25B.

Against the previous quarter, Al Yelayiss 1 rose 411% to 511 sales, while Nad Al Shiba First fell 57% to 195.

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 Q4 2024, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth4,738+6.7%AED 5.70BAED 941KAED 1,317/sqft69%
Wadi Al Safa 53,383+39.1%AED 6.56BAED 1.14MAED 1,300/sqft76%
Business Bay3,328+24.1%AED 9.01BAED 1.56MAED 2,290/sqft62%
Madinat Al Mataar2,682-8.0%AED 6.01BAED 1.22MAED 1,550/sqft85%
Marsa Dubai2,316+18.9%AED 9.25BAED 2.65MAED 2,436/sqft49%
Hadaeq Sheikh Mohammed Bin Rashid1,870-19.2%AED 6.01BAED 2.29MAED 2,287/sqft76%
Jabal Ali First1,795-13.3%AED 3.01BAED 1.09MAED 1,235/sqft56%
Madinat Hind 41,705-14.4%AED 2.41BAED 1.32MAED 1,212/sqft38%
Al Thanyah Fifth1,582-9.5%AED 4.08BAED 1.87MAED 1,915/sqft54%
Al Hebiah First1,431+195.7%AED 1.93BAED 1.09MAED 1,875/sqft78%
Bukadra1,399-31.2%AED 3.36BAED 1.92MAED 2,390/sqft99%
Al Barsha South Fifth1,396+125.5%AED 1.40BAED 872KAED 1,435/sqft92%
Al Merkadh1,363-12.6%AED 3.12BAED 1.42MAED 2,093/sqft50%
Al Hebiah Fifth1,249+30.5%AED 2.64BAED 1.36MAED 1,468/sqft34%
Dubai Investment Park Second1,146+85.4%AED 3.42BAED 2.65MAED 1,594/sqft94%

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
Marsa DubaiAED 9.25B2,316
Business BayAED 9.01B3,328
Al Yelayiss 1AED 7.34B511
Wadi Al Safa 5AED 6.56B3,383
Madinat Al MataarAED 6.01B2,682
Hadaeq Sheikh Mohammed Bin RashidAED 6.01B1,870
Palm JumeirahAED 5.77B452
Burj KhalifaAED 5.74B1,126
Al Barsha South FourthAED 5.70B4,738
Al Thanyah FifthAED 4.08B1,582

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 Yelayiss 1511+411.0%
Al Hebiah First1,431+195.7%
Al Barsha South Fifth1,396+125.5%
Dubai Investment Park Second1,146+85.4%
Nad Al Shiba First195-57.4%
Al Khairan First762-56.8%
Wadi Al Safa 7850+55.1%
Wadi Al Safa 4696+54.0%
Al Wasl291-48.9%
Ras Al Khor Industrial First207-48.3%

The largest sales of Q4 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
4 Oct 2024Al Yelayiss 1—LandExisting PropertiesNot specified30,066,494 sqftAED 94/sqftAED 2,826,808,244
18 Oct 2024Al Safouh Second—Site ABuildingExisting PropertiesNot specified128,412 sqftAED 5,607/sqftAED 720,000,000
28 Oct 2024Palm JumeirahPasso By BeyondPalm JumeirahBuildingExisting PropertiesNot specified505,735 sqftAED 1,285/sqftAED 650,000,000
15 Oct 2024Al Yelayiss 1—LandExisting PropertiesNot specified10,022,165 sqftAED 56/sqftAED 565,361,649
1 Nov 2024Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified378,885 sqftAED 1,333/sqftAED 505,000,000
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
1 Oct 2024Trade Center First—BuildingExisting PropertiesNot specified20,000 sqftAED 20,491/sqftAED 409,818,531
30 Dec 2024Al Yelayiss 1—LandExisting PropertiesNot specified1,355,151 sqftAED 294/sqftAED 398,154,291
14 Oct 2024Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified378,885 sqftAED 977/sqftAED 369,999,999

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.