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Dubai property market 2017

Registered home sales and mortgages in Dubai from 2 January 2017 to 28 December 2017, from Dubai Land Department open data.

Home sales33,809
Total valueAED 57.0B
Off-plan share56%
Median home priceAED 1,188,888
Median price per sq ft (flats)AED 1,155
Median price per sq ft (villas)AED 756
Mortgages15,429
Mortgage valueAED 128.1B

Home sales by month

Home sales by month01.0K2.0K3.0K4.0KJan: 1,711Jan: 1,445JanFeb: 2,082Feb: 1,263FebMar: 2,115Mar: 1,540MarApr: 1,636Apr: 1,547AprMay: 1,415May: 1,574MayJun: 752Jun: 952JunJul: 1,714Jul: 1,108JulAug: 2,021Aug: 1,243AugSep: 1,304Sep: 765SepOct: 1,753Oct: 1,078OctNov: 1,131Nov: 1,110NovDec: 1,402Dec: 1,148Dec

Off-plan Ready

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

Median price per sq ft by month (flats, AED)1,0221,1861,349Jan: 1,172JanFeb: 1,310FebMar: 1,167MarApr: 1,187AprMay: 1,061MayJun: 1,062JunJul: 1,147JulAug: 1,156AugSep: 1,167SepOct: 1,093OctNov: 1,137NovDec: 1,289Dec

Mortgages by month

Mortgages by month05001.0K1.5K2.0KJan: 1,188JanFeb: 1,140FebMar: 1,612MarApr: 1,233AprMay: 1,576MayJun: 988JunJul: 1,369JulAug: 1,336AugSep: 1,073SepOct: 1,397OctNov: 1,254NovDec: 1,263Dec

Typical flat prices by bedrooms

BedroomsMedian priceSales
StudioAED 500,0006,679
1AED 869,85810,046
2AED 1,525,8887,293
3AED 2,642,0002,284
4+AED 5,463,444240

Top areas by home sales

AreaSalesAED per sq ftOff-plan
Dubai Marina (Marsa Dubai) 2,686 1,555 38%
Jumeirah Village Circle (Al Barsha South Fourth) 2,517 943 71%
Business Bay 1,850 1,597 71%
Emaar South (Madinat Al Mataar) 1,758 755 97%
Dubai Hills (Hadaeq Sheikh Mohammed Bin Rashid) 1,579 1,324 76%
Town Square (Al Yelayiss 2) 1,575 967 98%
International City Ph 1 (Al Warsan First) 1,436 660 8%
Al Furjan (Jabal Ali First) 1,396 948 38%
Dubai Sports City (Al Hebiah Fourth) 1,369 954 41%
Downtown Dubai (Burj Khalifa) 1,330 2,081 61%
Dubai Creek Harbour (Al Khairan First) 1,253 1,457 100%
Wadi Al Safa 7 1,171 841 87%
Jumeirah Lakes Towers (Al Thanyah Fifth) 1,088 1,166 6%
Arjan (Al Barshaa South Third) 1,048 1,094 85%
Jumeirah Village Triangle (Al Barsha South Fifth) 992 1,178 80%

Top off-plan projects by sales

ProjectAreaSalesAED per sq ft
Noor Townhouses Town Square 658 629
Downtown Views Ii Zaabeel Second 638 1,822
Serena Casa Dora Wadi Al Safa 7 403 721
Miraclz Tower Arjan 377 1,179
Park Heights Ii Dubai Hills 377 1,319
Terhab Hotel & Towers At Jumeirah Village Triangle Jumeirah Village Triangle 364 1,666
Serena Bella Casa Wadi Al Safa 7 364 690
Resortz Residence Arjan 334 1,080
Hayat Boulevard Town Square 334 958
Mag 5 Boulevard Madinat Al Mataar 314 874
Studio One Dubai Marina 292 1,618
Bayz Tower Business Bay 287 1,626
Ghalia Jumeirah Village Circle 282 1,065
Act One | Act Two Burj Khalifa 264 2,173
Creek Horizon Dubai Creek Harbour 261 1,462

Home sales by month

MonthOff-planReadyValueAED per sq ftMortgages
December 2017 1,402 1,148 AED 4.7B 1,289 1,263
November 2017 1,131 1,110 AED 3.4B 1,137 1,254
October 2017 1,753 1,078 AED 4.3B 1,093 1,397
September 2017 1,304 765 AED 3.6B 1,167 1,073
August 2017 2,021 1,243 AED 5.1B 1,156 1,336
July 2017 1,714 1,108 AED 4.5B 1,147 1,369
June 2017 752 952 AED 3.0B 1,062 988
May 2017 1,415 1,574 AED 4.9B 1,061 1,576
April 2017 1,636 1,547 AED 5.5B 1,187 1,233
March 2017 2,115 1,540 AED 6.6B 1,167 1,612
February 2017 2,082 1,263 AED 6.2B 1,310 1,140
January 2017 1,711 1,445 AED 5.3B 1,172 1,188

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