AED 6,693/sqft
October 2024 · 6 sales
+131.5%
+11%
13%
Last 12 months · 16 sales
5.6%
Ready homes, last 12 months · 14 sales · 47 tenancy contracts, new lets and renewals
35
Registered DLD sales · medians, not estimates · how we compute this
A typical residential sale here is AED 22.75M for about 2,434 sqft in the last 12 months (16 sales); across all 522 recorded sales the median is AED 10M.
Ready-home prices here have moved +131.5% across the 97 months (Jul 2018 – Aug 2026) of Land Department records we hold — a pace of +11% a year if it continued.
That is the whole 97 months of records for this area, expressed as an annual pace. It averages across every cycle in that period, so it describes the long run rather than the market today. Treat it as history, not a forecast.
Comparing a launch price against a resale price without separating them is the most common way Dubai price-per-square-foot figures mislead.
Off-plan
AED 3,270/sqft
237 recorded sales
Ready
AED 4,989/sqft
285 recorded sales
Off-plan trades 34% below completed homes here. A single blended figure would sit between the two and describe neither.
Median size and price for every bedroom count with at least 15 recorded sales. Dubai Land Department records a room count on nearly every sale, so this is a breakdown of real transactions rather than an estimate. The headline price is the last 12 months; the median across every sale on record sits under it.
Rent is matched to homes by bedroom count where Ejari records one, which most contracts do, and by floor area where it does not — each row says which. Every figure is the median of registered new lets: a renewal is capped under Decree 43 of 2013 and sits below what the same home lets for today.
| Size | Typical home | Price, last 12 months · ready and off-plan | Per sqft, all years | Typical rent | Sales, all years |
|---|---|---|---|---|---|
| 1 bed | 1,572 sqft | fewer than 10 sales in 12 months all years AED 5,200,000 | AED 3,303/sqft | AED 750,000/yr 10 tenancies | 79 |
| 2 beds | 1,938 sqft | fewer than 10 sales in 12 months all years AED 8,148,000 | AED 3,989/sqft | — | 117 |
| 3 beds | 2,698 sqft | fewer than 10 sales in 12 months all years AED 11.3M | AED 4,022/sqft | AED 1,800,000/yr 11 tenancies | 131 |
| 4 beds | 6,550 sqft | fewer than 10 sales in 12 months all years AED 63.95M | AED 9,838/sqft | — | 39 |
| 5 beds | 11,655 sqft | fewer than 10 sales in 12 months all years AED 137.35M | AED 11,785/sqft | — | 17 |
| Size | Typical home | Price, last 12 months · ready and off-plan | Per sqft, all years | Typical rent | Sales, all years |
|---|---|---|---|---|---|
| 3 beds | 2,976 sqft | fewer than 10 sales in 12 months all years AED 5,984,000 | AED 2,002/sqft | AED 1,400,000/yr 13 tenancies | 84 |
| 4 beds | 4,504 sqft | fewer than 10 sales in 12 months all years AED 7,627,000 | AED 1,694/sqft | — | 26 |
| 5 beds | 5,102 sqft | fewer than 10 sales in 12 months all years AED 11.23M | AED 2,040/sqft | — | 26 |
Every other figure on this page is about homes that sold. This is the standing stock, from the Land Department’s unit register.
Registered units
212
In Island 2, from the Land Department's register of flats.
Freehold
100%
Every unit in Island 2 with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
2,611 sqft
Median of the 211 units that record one.
By size of home
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
From 63 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 997,383/yr
for ~2,611 sqft
Rent per sqft
AED 486/sqft
per year
Renewals
25%
of contracts
Contracts
63
last 12 months
What it costs to rent here
Median annual rent, by size of home.
Matched to tenancies by bedroom count where Ejari records one — most contracts do — and by floor area where it does not; the table below says which for each row. Renewing tenants pay about 10% less per sqft than someone signing a new lease here.
a 1-bedroom rents for a median AED 750,000/yr, a 3-bedroom for AED 1,800,000/yr, a 3-bedroom for AED 1,400,000/yr. These are medians of tenancy contracts registered with Ejari in Island 2 over the last twelve months — what tenants agreed to pay, not advertised asking rents. Rent is matched to homes by bedroom count where Ejari records one — most contracts do — and by floor area where it does not; each row on this page says which.
The median residential sale price in Island 2 was AED 6,693/sqft in October 2024, from 6 sales registered that month. Over the last 12 months a typical home here sold for about AED 22.75M and measured about 2,434 sqft (16 sales). These are medians of sales actually registered with the Dubai Land Department, not of asking prices.
The gross rental yield in Island 2 is about 5.6% on ready homes: a year of registered rent (47 tenancy contracts) against what completed homes sold for over the same 12 months (14 sales). Off-plan sales are left out because nobody pays rent on an unbuilt home. Gross — service charges, commission and voids are not deducted.
Yes. Every unit in Island 2 whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 212 units for the area.
13% of the 16 sales registered in Island 2 in the last 12 months were off-plan, and the rest were completed homes. The two trade at different prices, so a single blended price per square foot for the area would describe neither.
Every registered residential sale in this area by month, ready homes and off-plan together, so this is the history of what sold rather than a rate. The newest month is still being registered and will move. The rates on this page read ready homes alone.
25 mortgage procedures were registered here in the last 12 months. These are registrations, not buyers: the register files a loan as its own entry and does not link it to a sale, so this cannot tell you what share of purchases were financed.
A modification is an existing borrower changing terms and a transfer is a loan moving between lenders; neither is a new purchase. Counted from the procedure the Land Department recorded on each registration.
Closest to Island 2 on median price per square foot. Areas with fewer than 10 recorded sales are left out, because a median drawn from a handful of deals is not worth comparing against.
Each has at least twenty sales on record, so its own median means something. Ordered by how much has traded.