Monthly benchmark release

Dubai Property Market Benchmark — February 2024

Dubai recorded 11,999 property sales worth ⃃ 36.9B in February 2024. The median sale price was ⃃ 1,500,000 and the median price per square foot ⃃ 1,513.

Period: 1–29 February 2024Compared with: no prior-year month on recordSample: 11,999 sales · 80,035 rentals
Property sales
11,999
registered in February 2024
Sales value
⃃ 36.9B
⃃ 36,886,333,836
Median sale price
⃃ 1,500,000
11,999 sales
Median price per sq ft
⃃ 1,513
11,999 sales

What happened in the Dubai property market in February 2024?

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

  1. 11,999 property sales were registered in Dubai in February 2024. #
  2. Sales were worth ⃃ 36,886,333,836 in total. #
  3. The median sale price was ⃃ 1,500,000. #
  4. The median price per square foot was ⃃ 1,513, −3.3% on the previous month. #
  5. Developer (primary) sales were 59.8% of the month's sales (7,178); resales 4,821. #
  6. Off-plan units were 53.3% of sales (6,394); ready units 5,605. #
  7. 80,035 rental contracts were registered, at a median annual rent of ⃃ 49,000. #
DXBinteract, “Dubai Property Market Benchmark — February 2024”, https://dxbinteract.com/dubai-property-market-benchmark/2024-02. DXBinteract analysis based on Dubai Land Department transaction data.

How were February 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 sales11,999100%⃃ 36.9B⃃ 1,500,000⃃ 1,513
Primary (developer)7,17859.8%⃃ 22.8B⃃ 1,488,823⃃ 1,622
Resale4,82140.2%⃃ 14B⃃ 1,523,149⃃ 1,346
Off-plan6,39453.3%⃃ 15.6B⃃ 1,566,065⃃ 1,752
Ready5,60546.7%⃃ 21.2B⃃ 1,430,000⃃ 1,269

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 February 2024
SalesMedian price per sq ft (⃃)
Jan 2411,6851,564
Feb 2411,9991,513
Dubai registered sales and median price per sq ft, January 2024 – February 2024. Source: DXBinteract. The same figures are in the table below.
MonthSalesMoMValueMedian pricePer sq ft
February 202411,999+2.7%⃃ 36.9B⃃ 1,500,000⃃ 1,513
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/2024-02
Dubai Property Market Benchmark — February 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-market-benchmark/2024-02

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/2024-02