Dubai Market Data
Registered sales and Ejari contracts, organized for clear comparisons and better property decisions.
Public records · Dubai Land Department
Monthly report
Dubai property market — May 2024
Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside May 2024. Mortgages and gifts are excluded; the register's own record of a sale is the only source.
In a sentence
The Land Department registered 17,281 property sales in May 2024, worth AED 45.34B in total, across 114 communities. That is 49% more than the same month a year earlier.
The median sale was AED 1,532,274 at AED 1,558/sqft, 18.3% above the same month last year. 62% of sales were off-plan.
Al Barsha South Fourth was the busiest community with 1,601 registered sales, while Business Bay took the most money at AED 3.41B.
Against the previous month, Al Yufrah 1 rose 306% to 447 sales, while Zaabeel First fell 93% to 79.
Sales by month
Price per square foot by month
Where the sales were
The fifteen communities with the most registered sales in May 2024, and how each moved against the month before.
| Community | Sales | vs prior | Total value | Median price | Price/sqft | Off-plan |
|---|---|---|---|---|---|---|
| Al Barsha South Fourth | 1,601 | +1.3% | 1.75B | 950K | 1,270/sqft | 73% |
| Al Merkadh | 1,326 | +224.2% | 1.93B | 763K | 1,847/sqft | 85% |
| Ras Al Khor Industrial First | 1,164 | +286.7% | 2.52B | 1.78M | 2,165/sqft | 100% |
| Business Bay | 1,132 | +49.9% | 3.41B | 1.64M | 2,274/sqft | 57% |
| Hadaeq Sheikh Mohammed Bin Rashid | 1,060 | +140.4% | 2.65B | 1.96M | 2,260/sqft | 86% |
| Wadi Al Safa 5 | 836 | +148.1% | 2.53B | 2.77M | 1,200/sqft | 61% |
| Marsa Dubai | 799 | +60.1% | 3.24B | 2.80M | 2,322/sqft | 46% |
| Al Barshaa South Third | 604 | +96.1% | 632.23M | 938K | 1,288/sqft | 69% |
| Jabal Ali First | 604 | +55.3% | 997.34M | 1.10M | 1,173/sqft | 55% |
| Al Hebiah Fourth | 525 | +23.8% | 1.36B | 985K | 1,356/sqft | 64% |
| Al Thanyah Fifth | 504 | +44.0% | 1.24B | 1.55M | 1,465/sqft | 25% |
| Al Hebiah Fifth | 450 | +15.7% | 867.97M | 1.34M | 1,626/sqft | 63% |
| Al Yufrah 1 | 447 | +306.4% | 1.31B | 2.19M | 1,384/sqft | 89% |
| Madinat Al Mataar | 389 | +87.9% | 1.00B | 1.83M | 1,140/sqft | 54% |
| Burj Khalifa | 375 | +28.9% | 1.71B | 2.91M | 2,573/sqft | 26% |
Where the money went
Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.
| Community | Value | Sales |
|---|---|---|
| Business Bay | 3.41B | 1,132 |
| Marsa Dubai | 3.24B | 799 |
| Hadaeq Sheikh Mohammed Bin Rashid | 2.65B | 1,060 |
| Wadi Al Safa 5 | 2.53B | 836 |
| Ras Al Khor Industrial First | 2.52B | 1,164 |
| Al Merkadh | 1.93B | 1,326 |
| Al Barsha South Fourth | 1.75B | 1,601 |
| Burj Khalifa | 1.71B | 375 |
| Palm Deira | 1.64B | 166 |
| Palm Jumeirah | 1.55B | 183 |
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.
| Community | Sales | Change |
|---|---|---|
| Al Yufrah 1 | 447 | +306.4% |
| Ras Al Khor Industrial First | 1,164 | +286.7% |
| Al Merkadh | 1,326 | +224.2% |
| Al Wasl | 284 | +167.9% |
| Wadi Al Safa 5 | 836 | +148.1% |
| Hadaeq Sheikh Mohammed Bin Rashid | 1,060 | +140.4% |
| Madinat Dubai Almelaheyah | 347 | +107.8% |
| Warsan Fourth | 101 | +102.0% |
| Madinat Hind 4 | 304 | +100.0% |
| Al Barshaa South Third | 604 | +96.1% |
The largest sales of May 2024
Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.
| Date | Community | Project / building | Type | Beds | Size | Price/sqft | Price |
|---|---|---|---|---|---|---|---|
| 14 May 2024 | Mushrif | — | BuildingMulti-Use · Existing Properties | Not specified | 5,248,492 sqft | AED 152/sqft | AED 800,000,000 |
| 14 May 2024 | Business Bay | — | BuildingMulti-Use · Existing Properties | Not specified | 20,612 sqft | AED 24,258/sqft | AED 500,000,000 |
| 23 May 2024 | Business Bay | Bayz 102 By Danube | LandOther · Existing Properties | Not specified | 36,021 sqft | AED 9,994/sqft | AED 360,000,000 |
| 8 May 2024 | Burj Khalifa | Binghatti SkybladeDownTown Dubai | LandResidential · Existing Properties | Not specified | 55,165 sqft | AED 3,625/sqft | AED 200,000,000 |
| 29 May 2024 | Al Merkadh | — | LandResidential · Existing Properties | Not specified | 34,822 sqft | AED 4,969/sqft | AED 173,015,293 |
| 20 May 2024 | Al Jadaf | Keturah ResortDubai Health Care City Phase 2 | LandOther · Existing Properties | Not specified | 22,488 sqft | AED 7,365/sqft | AED 165,620,000 |
| 29 May 2024 | Island 2 | —Jumeira Bay | LandOther · Existing Properties | Not specified | 23,313 sqft | AED 5,619/sqft | AED 131,000,000 |
| 28 May 2024 | Palm Jumeirah | —Palm Jumeirah | LandCommercial · Existing Properties | Not specified | 15,905 sqft | AED 7,953/sqft | AED 126,500,000 |
| 13 May 2024 | Palm Jumeirah | EOMEPalm Jumeirah | VillaResidential · Off-Plan Properties | 6 B/R | 26,786 sqft | AED 3,920/sqft | AED 105,000,000 |
| 3 May 2024 | Al Merkadh | MOHAMMED BIN RASHID AL MAKTOUM CITY- DISTRICT ONE, PHASE 1 | Villaأخرى · Existing Properties | Not specified | 32,131 sqft | AED 2,988/sqft | AED 96,000,000 |
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. Refresh times vary by dataset; records shown here are not a live feed.