Area · Transactions · 2017

Business Bay Property Transactions 2017

3,271 property sales worth ⃃ 6.4B were registered in Business Bay in 2017, 10.3% higher than 2016 by number of sales. The median sale price was ⃃ 1,140,000 and the median price per square foot ⃃ 1,494 (−2.7% on 2016).

Period: 1 Jan – 31 Dec 2017Compared with: 2016Sample: 3,271 salesUpdated: 13 Nov 2026
Property sales
3,271
+10.3% vs 2016
1 Jan – 31 Dec 2017
Total value
⃃ 6.4B
+18.4% vs 2016
1 Jan – 31 Dec 2017
Median sale price
⃃ 1,140,000
−0.2% vs 2016
3,271 sales
Median price per sq ft
⃃ 1,494
−2.7% vs 2016
3,271 sales

What types of property sold in Business Bay in 2017?

1 Jan – 31 Dec 2017

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments2,41573.8%⃃ 3.5B⃃ 1,175,000⃃ 1,635
Commercial83925.6%⃃ 1.1B⃃ 1,013,960⃃ 1,050

How were 2017 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)2,29370.1%⃃ 4.9B⃃ 1,162,000⃃ 1,636
Resale (secondary)97829.9%⃃ 1.5B⃃ 1,100,000⃃ 1,200
Off-plan1,87257.2%⃃ 2.4B⃃ 1,131,900⃃ 1,674
Ready1,39942.8%⃃ 4B⃃ 1,150,000⃃ 1,200

How many rental contracts were registered in Business Bay in 2017?

12,935 rental contracts (new and renewed) were registered in Business Bay in 2017, at a median annual rent of ⃃ 88,000 (−12.0% on 2016). Rental yields in Business Bay

What were the most expensive property sales in Business Bay in 2017?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
21/08/2017Peninsula FivePlot166,948 sq ft⃃ 800,000,000Primary · Ready
02/11/2017Urban OasisPlot59,903 sq ft⃃ 150,237,780Primary · Ready
24/01/2017Business BayPlot74,628 sq ft⃃ 119,406,400Primary · Ready
18/09/201777SPlot56,700 sq ft⃃ 79,379,887Primary · Ready
21/03/2017Business BayPlot60,326 sq ft⃃ 74,201,180Resale · Ready
15/06/2017Millennium Binghatti Residences Business BayPlot34,392 sq ft⃃ 65,087,928Primary · Ready
02/11/2017The Paragon By IgoPlot51,569 sq ft⃃ 60,000,000Primary · Ready
19/10/2017Business BayPlot32,797 sq ft⃃ 59,310,000Primary · Ready
01/03/2017Business BayPlot81,036 sq ft⃃ 58,400,000Primary · Ready
01/03/2017Business BayPlot72,692 sq ft⃃ 58,400,000Primary · Ready

What were the last registered sales of 2017?

DatePropertyTypeSizePriceMarket
27/12/2017Aykon City Tower C2 beds · Apartment802 sq ft⃃ 1,384,000Primary · Off-plan
27/12/2017Aykon City Tower C2 beds · Apartment822 sq ft⃃ 1,181,580Primary · Off-plan
27/12/2017Aykon City Tower C1 bed · Apartment556 sq ft⃃ 934,000Primary · Off-plan
27/12/2017Aykon City Tower C2 beds · Apartment817 sq ft⃃ 1,381,000Primary · Off-plan
27/12/2017Aykon City Tower C1 bed · Apartment532 sq ft⃃ 951,000Primary · Off-plan
27/12/2017Damac Towers By Paramount D1 bed · Apartment951 sq ft⃃ 2,109,000Primary · Off-plan
27/12/2017Merano1 bed · Apartment771 sq ft⃃ 1,290,100Primary · Off-plan
27/12/2017MajestineStudio · Apartment475 sq ft⃃ 1,042,150Primary · Off-plan
27/12/2017The Sterling East House2 beds · Apartment1,684 sq ft⃃ 3,087,000Primary · Off-plan
27/12/2017The Sterling East House2 beds · Apartment2,140 sq ft⃃ 3,969,000Primary · Off-plan

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2017 with the whole of 2016.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

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-transactions/business-bay/2017
Business Bay Property Transactions 2017. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/business-bay/2017

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

Frequently asked questions

How many properties were sold in Business Bay in 2017?
3,271 property sales worth ⃃ 6,433,946,126 were registered in Business Bay in 2017. That is 10.3% higher than 2016.
What was the median property price in Business Bay in 2017?
The median sale price was ⃃ 1,140,000 and the median price per square foot ⃃ 1,494 (1 Jan – 31 Dec 2017).
What share of 2017 sales in Business Bay were off-plan or from developers?
Developer (primary) sales were 70.1% of the 3,271 sales and resales 29.9%. Off-plan units made up 57.2% and ready units 42.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/business-bay/2017