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Monthly report

Dubai property market — August 2024

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

Sales15,949Registered in August 2024up35.9% vs a year earlier
Total valueAED 46.59BRegistered in August 2024Across 113 communities
Price per sqftAED 1,486/sqftMedian across August 2024up5.8% vs a year earlier
Sale priceAED 1.67MMedian across August 202465% sold off-plan

In a sentence

The Land Department registered 15,949 property sales in August 2024, worth AED 46.59B in total, across 113 communities. That is 36% more than the same month a year earlier.

The median sale was AED 1,674,894 at AED 1,486/sqft, 5.8% above the same month last year. 65% of sales were off-plan.

Al Barsha South Fourth was the busiest community with 1,441 registered sales, while Marsa Dubai took the most money at AED 3.83B.

Against the previous month, Al Yufrah 1 rose 536% to 909 sales, while Hadaeq Sheikh Mohammed Bin Rashid fell 83% to 206.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha South Fourth1,441+5.6%AED 1.85BAED 950KAED 1,384/sqft78%
Madinat Al Mataar1,115+54.6%AED 3.81BAED 3.22MAED 1,172/sqft64%
Al Yufrah 1909+535.7%AED 2.96BAED 3.21MAED 1,151/sqft97%
Bukadra790+87.2%AED 1.79BAED 1.96MAED 2,405/sqft99%
Wadi Al Safa 5781-0.1%AED 1.54BAED 1.02MAED 1,326/sqft74%
Business Bay723-39.0%AED 2.72BAED 1.50MAED 2,366/sqft49%
Marsa Dubai677+5.8%AED 3.83BAED 2.42MAED 2,008/sqft52%
Jabal Ali First640-10.4%AED 1.02BAED 1.21MAED 1,187/sqft54%
Madinat Dubai Almelaheyah614+221.5%AED 1.78BAED 2.30MAED 2,405/sqft99%
Al Thanyah Fifth5730.0%AED 1.31BAED 1.83MAED 2,132/sqft61%
Al Merkadh533+18.4%AED 1.04BAED 1.32MAED 2,029/sqft51%
Burj Khalifa487+60.2%AED 1.93BAED 3.13MAED 2,803/sqft49%
Al Barshaa South Third465-7.2%AED 615.36MAED 925KAED 1,365/sqft77%
Al Khairan First444-38.3%AED 1.33BAED 2.46MAED 2,665/sqft78%
Al Hebiah Fourth440+1.4%AED 907.51MAED 907KAED 1,403/sqft60%

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 3.83B677
Madinat Al MataarAED 3.81B1,115
Al Yufrah 1AED 2.96B909
Business BayAED 2.72B723
Burj KhalifaAED 1.93B487
Al Barsha South FourthAED 1.85B1,441
BukadraAED 1.79B790
Madinat Dubai AlmelaheyahAED 1.78B614
Wadi Al Safa 5AED 1.54B781
Al WaslAED 1.48B352

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.

CommunitySalesChange
Al Yufrah 1909+535.7%
Al Wasl352+248.5%
Madinat Dubai Almelaheyah614+221.5%
Ras Al Khor Industrial First235+209.2%
Bukadra790+87.2%
Hadaeq Sheikh Mohammed Bin Rashid206-83.4%
Al Hebiah First111+73.4%
Burj Khalifa487+60.2%
Madinat Al Mataar1,115+54.6%
Wadi Al Safa 2106-48.0%

The largest sales of August 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
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
26 Aug 2024Trade Center SecondAHS TOWERBuildingExisting PropertiesNot specified10,000 sqftAED 44,000/sqftAED 440,000,000
8 Aug 2024Al Safouh Second—Site ALandExisting PropertiesNot specified32,993 sqftAED 7,729/sqftAED 255,000,000
21 Aug 2024Business Bay—Business BayLandExisting PropertiesNot specified71,664 sqftAED 3,306/sqftAED 236,919,176
21 Aug 2024Business Bay—Business BayLandExisting PropertiesNot specified72,477 sqftAED 3,127/sqftAED 226,603,179
16 Aug 2024Jabal Ali Industrial First—JABAL ALI INDUSTRIAL DEVELOPMENTLandExisting PropertiesNot specified1,500,039 sqftAED 150/sqftAED 225,000,000
23 Aug 2024Al Yelayiss 1—LandExisting PropertiesNot specified2,734,966 sqftAED 69/sqftAED 188,029,039

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.