Dubai property market 2023
Registered home sales and mortgages in Dubai from 2 January 2023 to 29 December 2023, from Dubai Land Department open data.
Home sales107,498
Total valueAED 247.5B
Off-plan share60%
Median home priceAED 1,452,888
Median price per sq ft (flats)AED 1,524
Median price per sq ft (villas)AED 1,054
Mortgages25,807
Mortgage valueAED 193.3B
Home sales by month
Off-plan Ready
Median price per sq ft by month (flats, AED)
Mortgages by month
Typical flat prices by bedrooms
| Bedrooms | Median price | Sales |
|---|---|---|
| Studio | AED 548,784 | 18,354 |
| 1 | AED 1,088,095 | 40,015 |
| 2 | AED 2,150,000 | 24,466 |
| 3 | AED 3,537,388 | 7,658 |
| 4+ | AED 11,000,000 | 1,325 |
Top areas by home sales
| Area | Sales | AED per sq ft | Off-plan |
|---|---|---|---|
| Jumeirah Village Circle (Al Barsha South Fourth) | 13,388 | 1,147 | 71% |
| Dubai Marina (Marsa Dubai) | 8,726 | 3,005 | 50% |
| Al Merkadh | 8,476 | 1,825 | 83% |
| Business Bay | 8,168 | 2,134 | 62% |
| Dubai Hills (Hadaeq Sheikh Mohammed Bin Rashid) | 5,140 | 1,986 | 74% |
| Dubai Land Residence Complex (Wadi Al Safa 5) | 4,570 | 846 | 68% |
| Jumeirah Lakes Towers (Al Thanyah Fifth) | 4,538 | 1,565 | 60% |
| Dubai Creek Harbour (Al Khairan First) | 4,514 | 2,062 | 70% |
| Downtown Dubai (Burj Khalifa) | 4,426 | 2,477 | 44% |
| Arjan (Al Barshaa South Third) | 4,375 | 1,226 | 81% |
| Town Square (Al Yelayiss 2) | 2,939 | 1,074 | 79% |
| Al Furjan (Jabal Ali First) | 2,688 | 988 | 33% |
| Emaar South (Madinat Al Mataar) | 2,410 | 986 | 56% |
| International City Ph 1 (Al Warsan First) | 2,337 | 508 | 16% |
| Dubai Sports City (Al Hebiah Fourth) | 2,309 | 726 | 28% |
Top off-plan projects by sales
| Project | Area | Sales | AED per sq ft |
|---|---|---|---|
| Sobha Creek Vista Heights | Al Merkadh | 1,061 | 2,003 |
| Peninsula Four | Business Bay | 889 | 2,387 |
| Sobha Hartland Crest Grande | Al Merkadh | 883 | 1,850 |
| Elvira | Dubai Hills | 877 | 2,043 |
| Damac Bay | Dubai Marina | 836 | 3,893 |
| The Edge | Business Bay | 750 | 2,224 |
| Binghatti Corner | Jumeirah Village Circle | 729 | 857 |
| Bluewaters Bay | Dubai Marina | 700 | 3,667 |
| Elitz 2 By Danube | Jumeirah Village Circle | 675 | 1,620 |
| The Cove Ll | Dubai Creek Harbour | 621 | 2,110 |
| Sobha Hartland The Crest | Al Merkadh | 596 | 1,925 |
| Seven City Jlt | Jumeirah Lakes Towers | 583 | 1,204 |
| The Fields At D11 Mbrmc | Majan | 578 | 1,708 |
| Kyoto by ORO24 | Arjan | 556 | 1,442 |
| Opalz By Danube | Dubai Science Park | 547 | 1,237 |
Home sales by month
| Month | Off-plan | Ready | Value | AED per sq ft | Mortgages |
|---|---|---|---|---|---|
| December 2023 | 5,406 | 3,822 | AED 22.1B | 1,660 | 2,213 |
| November 2023 | 5,474 | 3,856 | AED 21.9B | 1,556 | 2,670 |
| October 2023 | 5,962 | 3,661 | AED 20.4B | 1,562 | 2,646 |
| September 2023 | 7,579 | 3,554 | AED 24.4B | 1,533 | 2,351 |
| August 2023 | 6,417 | 3,416 | AED 23.4B | 1,652 | 2,547 |
| July 2023 | 4,963 | 3,519 | AED 20.2B | 1,530 | 2,130 |
| June 2023 | 4,956 | 3,747 | AED 20.9B | 1,581 | 2,036 |
| May 2023 | 5,289 | 4,327 | AED 23.4B | 1,448 | 2,481 |
| April 2023 | 3,690 | 2,778 | AED 14.2B | 1,416 | 1,544 |
| March 2023 | 5,891 | 3,943 | AED 21.3B | 1,393 | 1,927 |
| February 2023 | 4,643 | 2,921 | AED 16.8B | 1,318 | 1,584 |
| January 2023 | 4,678 | 3,006 | AED 18.5B | 1,628 | 1,678 |
Dubai home sales 2008–2026
Home sales by year · Off-plan Ready
Median price per sq ft by year (flats, AED)
| Year | Sales | Off-plan | Value | Median 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