Monthly benchmark release

Dubai Property Market Benchmark — January 2024

Dubai recorded 11,685 property sales worth ⃃ 36.2B in January 2024. The median sale price was ⃃ 1,522,000 and the median price per square foot ⃃ 1,564.

Period: 1–31 January 2024Compared with: no prior-year month on recordSample: 11,685 sales · 88,645 rentals
Property sales
11,685
registered in January 2024
Sales value
⃃ 36.2B
⃃ 36,164,909,621
Median sale price
⃃ 1,522,000
11,685 sales
Median price per sq ft
⃃ 1,564
11,685 sales

What happened in the Dubai property market in January 2024?

Quotable statistics — each line has its own link (use the # anchor).

  1. 11,685 property sales were registered in Dubai in January 2024. #
  2. Sales were worth ⃃ 36,164,909,621 in total. #
  3. The median sale price was ⃃ 1,522,000. #
  4. The median price per square foot was ⃃ 1,564. #
  5. Developer (primary) sales were 62.6% of the month's sales (7,317); resales 4,368. #
  6. Off-plan units were 55.1% of sales (6,433); ready units 5,252. #
  7. 88,645 rental contracts were registered, at a median annual rent of ⃃ 50,000. #
DXBinteract, “Dubai Property Market Benchmark — January 2024”, https://dxbinteract.com/dubai-property-market-benchmark/2024-01. DXBinteract analysis based on Dubai Land Department transaction data.

How were January 2024 sales split?

Primary/resale is who sold; off-plan/ready is the unit’s state. Each pair adds up to the total.

SegmentSalesShareValueMedian pricePer sq ft
All sales11,685100%⃃ 36.2B⃃ 1,522,000⃃ 1,564
Primary (developer)7,31762.6%⃃ 23.2B⃃ 1,555,000⃃ 1,762
Resale4,36837.4%⃃ 13B⃃ 1,486,229⃃ 1,294
Off-plan6,43355.1%⃃ 18.7B⃃ 1,606,000⃃ 1,826
Ready5,25244.9%⃃ 17.5B⃃ 1,400,000⃃ 1,238

How does this month compare with the last 12?

Registered sales and median price per square foot by month, Dubai.

Dubai monthly property sales and median price per sq ft to January 2024
SalesMedian price per sq ft (⃃)
Jan 2411,6851,564
Dubai registered sales and median price per sq ft, January 2024 – January 2024. Source: DXBinteract. The same figures are in the table below.
MonthSalesMoMValueMedian pricePer sq ft
January 202411,685—⃃ 36.2B⃃ 1,522,000⃃ 1,564

How these figures are calculated

Scope
All sale transactions registered with the Dubai Land Department in the calendar month, all property types; rental contracts registered in the month (new and renewed).
Medians
Median sale price, median price per square foot and median annual rent of those transactions.
Comparisons
Year on year = the same month of the previous year; month on month = the previous calendar month. Only complete months are published.
Revisions
Late registrations can revise a month slightly in the following weeks; the page always shows the current figures.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-market-benchmark/2024-01
Dubai Property Market Benchmark — January 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-market-benchmark/2024-01

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Last updated · https://dxbinteract.com/dubai-property-market-benchmark/2024-01