Monthly benchmark release

Dubai Property Market Benchmark — August 2024

Dubai recorded 16,184 property sales worth ⃃ 47.4B in August 2024. The median sale price was ⃃ 1,686,844 and the median price per square foot ⃃ 1,501.

Period: 1–31 August 2024Compared with: no prior-year month on recordSample: 16,184 sales · 78,432 rentals
Property sales
16,184
registered in August 2024
Sales value
⃃ 47.4B
⃃ 47,379,380,659
Median sale price
⃃ 1,686,844
16,184 sales
Median price per sq ft
⃃ 1,501
16,184 sales

What happened in the Dubai property market in August 2024?

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

  1. 16,184 property sales were registered in Dubai in August 2024. #
  2. Sales were worth ⃃ 47,379,380,659 in total. #
  3. The median sale price was ⃃ 1,686,844. #
  4. The median price per square foot was ⃃ 1,501, −1.6% on the previous month. #
  5. Developer (primary) sales were 70.7% of the month's sales (11,447); resales 4,737. #
  6. Off-plan units were 65.3% of sales (10,568); ready units 5,616. #
  7. 78,432 rental contracts were registered, at a median annual rent of ⃃ 52,000. #
DXBinteract, “Dubai Property Market Benchmark — August 2024”, https://dxbinteract.com/dubai-property-market-benchmark/2024-08. DXBinteract analysis based on Dubai Land Department transaction data.

How were August 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 sales16,184100%⃃ 47.4B⃃ 1,686,844⃃ 1,501
Primary (developer)11,44770.7%⃃ 33.1B⃃ 1,746,525⃃ 1,561
Resale4,73729.3%⃃ 14.2B⃃ 1,450,000⃃ 1,342
Off-plan10,56865.3%⃃ 28B⃃ 1,777,888⃃ 1,666
Ready5,61634.7%⃃ 19.4B⃃ 1,403,907⃃ 1,237

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 August 2024
SalesMedian price per sq ft (⃃)
Jan 2411,6851,564
Feb 2411,9991,513
Mar 2413,6551,466
Apr 2411,6001,553
May 2417,6851,570
Jun 2414,2061,505
Jul 2416,2551,526
Aug 2416,1841,501
Dubai registered sales and median price per sq ft, January 2024 – August 2024. Source: DXBinteract. The same figures are in the table below.
MonthSalesMoMValueMedian pricePer sq ft
August 202416,184−0.4%⃃ 47.4B⃃ 1,686,844⃃ 1,501
July 202416,255+14.4%⃃ 50.2B⃃ 1,630,000⃃ 1,526
June 202414,206−19.7%⃃ 45.6B⃃ 1,544,825⃃ 1,505
May 202417,685+52.5%⃃ 46.6B⃃ 1,530,888⃃ 1,570
April 202411,600−15.0%⃃ 32B⃃ 1,475,000⃃ 1,553
March 202413,655+13.8%⃃ 37.4B⃃ 1,444,828⃃ 1,466
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/2024-08
Dubai Property Market Benchmark — August 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-market-benchmark/2024-08

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Last updated · https://dxbinteract.com/dubai-property-market-benchmark/2024-08