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Dubai property market 2016

Registered home sales and mortgages in Dubai from 4 January 2016 to 29 December 2016, from Dubai Land Department open data.

Home sales28,658
Total valueAED 53.2B
Off-plan share48%
Median home priceAED 1,192,714
Median price per sq ft (flats)AED 1,095
Median price per sq ft (villas)AED 828
Mortgages14,538
Mortgage valueAED 136.5B

Home sales by month

Home sales by month01.0K2.0K3.0K4.0KJan: 790Jan: 1,196JanFeb: 1,755Feb: 1,320FebMar: 746Mar: 1,101MarApr: 1,312Apr: 1,225AprMay: 1,305May: 1,295MayJun: 1,045Jun: 1,465JunJul: 1,746Jul: 954JulAug: 1,728Aug: 1,342AugSep: 761Sep: 855SepOct: 814Oct: 1,427OctNov: 865Nov: 1,440NovDec: 872Dec: 1,299Dec

Off-plan Ready

Median price per sq ft by month (flats, AED)

Median price per sq ft by month (flats, AED)9741,1491,324Jan: 1,032JanFeb: 1,013FebMar: 1,014MarApr: 1,089AprMay: 1,093MayJun: 1,093JunJul: 1,285JulAug: 1,242AugSep: 1,028SepOct: 1,092OctNov: 1,036NovDec: 1,157Dec

Mortgages by month

Mortgages by month05001.0K1.5KJan: 1,173JanFeb: 1,216FebMar: 1,241MarApr: 1,028AprMay: 1,284MayJun: 1,352JunJul: 933JulAug: 1,346AugSep: 1,100SepOct: 1,279OctNov: 1,460NovDec: 1,126Dec

Typical flat prices by bedrooms

BedroomsMedian priceSales
StudioAED 475,0005,776
1AED 840,0008,706
2AED 1,610,4445,954
3AED 3,000,0002,047
4+AED 5,739,000226

Top areas by home sales

AreaSalesAED per sq ftOff-plan
Dubai Marina (Marsa Dubai) 2,625 1,519 36%
Al Furjan (Jabal Ali First) 1,915 1,014 66%
Dubai Sports City (Al Hebiah Fourth) 1,708 965 43%
Jumeirah Village Circle (Al Barsha South Fourth) 1,707 880 57%
International City Ph 1 (Al Warsan First) 1,706 687 4%
Downtown Dubai (Burj Khalifa) 1,675 2,210 65%
Dubai Hills (Hadaeq Sheikh Mohammed Bin Rashid) 1,440 1,276 67%
Business Bay 1,412 1,583 65%
Town Square (Al Yelayiss 2) 1,342 937 100%
Jumeirah Lakes Towers (Al Thanyah Fifth) 1,329 1,115 15%
Dubai Production City (Me'aisem First) 1,073 968 45%
Al Wasl 869 1,406 64%
Dubai Creek Harbour (Al Khairan First) 785 1,395 100%
Palm Jumeirah 751 1,581 29%
Al Thanyah Third 613 1,371 9%

Top off-plan projects by sales

ProjectAreaSalesAED per sq ft
Town Square Zahra Town Square 629 903
Harbour Views Dubai Creek Harbour 527 1,400
The Address Dubai Opera Burj Khalifa 467 2,818
Maple 2 Dubai Hills 458 984
Starz Tower By Danube Al Furjan 427 1,129
Glamz Residence Al Furjan 405 1,162
5242 Dubai Marina 369 1,908
Al Khail Heights Al Khail Heights 367 740
Maple Dubai Hills 358 1,018
Town Square Jenna And Warda Town Square 346 982
Midtown Afnan Dubai Production City 323 993
Forte Burj Khalifa 290 2,012
Reef Residence Jumeirah Village Circle 177 902
Mag 5 Boulevard Madinat Al Mataar 170 842
Merano Tower Business Bay 169 1,596

Home sales by month

MonthOff-planReadyValueAED per sq ftMortgages
December 2016 872 1,299 AED 3.6B 1,157 1,126
November 2016 865 1,440 AED 3.8B 1,036 1,460
October 2016 814 1,427 AED 3.7B 1,092 1,279
September 2016 761 855 AED 2.7B 1,028 1,100
August 2016 1,728 1,342 AED 6.8B 1,242 1,346
July 2016 1,746 954 AED 5.7B 1,285 933
June 2016 1,045 1,465 AED 4.9B 1,093 1,352
May 2016 1,305 1,295 AED 5.0B 1,093 1,284
April 2016 1,312 1,225 AED 4.3B 1,089 1,028
March 2016 746 1,101 AED 3.6B 1,014 1,241
February 2016 1,755 1,320 AED 5.2B 1,013 1,216
January 2016 790 1,196 AED 3.8B 1,032 1,173

Dubai home sales 2008–2026

Home sales by year050K100K150K200K'08: 11'08: 16,351'08'09: 23,896'09: 23,336'09'10: 8,652'10: 17,383'10'11: 1,997'11: 18,208'11'12: 2,694'12: 22,652'12'13: 8,886'13: 37,506'13'14: 11,203'14: 28,087'14'15: 11,858'15: 18,506'15'16: 13,739'16: 14,919'16'17: 19,036'17: 14,773'17'18: 13,383'18: 10,775'18'19: 18,935'19: 11,715'19'20: 13,229'20: 13,371'20'21: 22,108'21: 24,847'21'22: 40,697'22: 33,766'22'23: 64,948'23: 42,550'23'24: 104,707'24: 48,144'24'25: 130,482'25: 49,856'25'26: 86,571'26: 31,472'26

Home sales by year · Off-plan Ready

Median price per sq ft by year (flats, AED)5061,1771,847'08: 618'08'09: 835'09'10: 899'10'11: 843'11'12: 911'12'13: 1,030'13'14: 1,200'14'15: 1,104'15'16: 1,095'16'17: 1,155'17'18: 1,166'18'19: 1,196'19'20: 1,037'20'21: 1,149'21'22: 1,500'22'23: 1,524'23'24: 1,637'24'25: 1,735'25'26: 1,724'26

Median price per sq ft by year (flats, AED)

YearSalesOff-planValueMedian price per sq ft (flats)Median price per sq ft (villas)
2026 * 118,043 73% AED 254.9B 1,724 1,749
2025 180,338 72% AED 405.0B 1,735 1,472
2024 152,851 69% AED 331.7B 1,637 1,336
2023 107,498 60% AED 247.5B 1,524 1,054
2022 74,463 55% AED 162.9B 1,500 839
2021 46,955 47% AED 94.9B 1,149 796
2020 26,600 50% AED 43.9B 1,037 685
2019 30,650 62% AED 49.1B 1,196 699
2018 24,158 55% AED 37.5B 1,166 720
2017 33,809 56% AED 57.0B 1,155 756
2016 28,658 48% AED 53.2B 1,095 828
2015 30,364 39% AED 61.0B 1,104 798
2014 39,290 29% AED 74.3B 1,200 731
2013 46,392 19% AED 83.6B 1,030 571
2012 25,346 11% AED 41.7B 911 505
2011 20,205 10% AED 32.2B 843 484
2010 26,035 33% AED 39.1B 899 490
2009 47,232 51% AED 57.8B 835 517
2008 16,362 0% AED 32.5B 618 491

* Current year, up to 12 November 2026.

Data: the Dubai Land Department transactions register (from 2000: sales, mortgages and gifts), with the DLD website export for the latest days. Years before 2008 look incomplete and are not shown.

Source: Dubai Land Department open data. Home sales are flats and villas, off-plan and ready; price per sq ft uses single-unit sales only. Calculated by PBD.ae; figures may differ from official reports. dubailand.gov.ae