Developer · #39 by 12M value
Hijazi Real Estate Development
Market bulletin · Thu, 22 Oct 2026
Hijazi Real Estate Development: median AED 1,481/sqft, down 12.1% over three months on 54 sales
Hijazi Real Estate Development recorded 15 sales worth AED 15.9M in the 30 days to Thu, 22 Oct 2026, down 59.5% on the previous 30 days. Over the last week 3 sales were registered (AED 3.13M), against 2 the week before.
The median sale over the last three months was AED 1.20M, or AED 1,481/sqft — like-for-like prices per sqft down 12.1% on the previous three months and down 10.8% on a year earlier. Monthly medians over the past year ranged from AED 1,460/sqft to AED 1,898/sqft.
By market over 12 months: developer off-plan sales 77.7%, off-plan resales 21.2%, secondary (ready) sales 1.1%. Off-plan resales traded at a median 9.2% premium to developer prices per sqft.
Hijazi Real Estate Development registered 811 sales worth AED 1.03B in 12 months across 5 communities, ranking #39 among Dubai developers by value. Its most active project was Skyhills Astra Building 2 (303 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,505 |
| Sept 26 | AED 1,460 |
| Aug 26 | — |
| Jul 26 | AED 1,898 |
| Jun 26 | AED 1,689 |
| May 26 | AED 1,593 |
| Apr 26 | AED 1,603 |
| Mar 26 | AED 1,682 |
| Feb 26 | AED 1,703 |
| Jan 26 | AED 1,630 |
| Dec 25 | AED 1,688 |
| Nov 25 | AED 1,886 |
| Oct 25 | AED 1,705 |
| Sept 25 | AED 1,792 |
| Aug 25 | AED 1,557 |
| Jul 25 | AED 1,592 |
| Jun 25 | AED 1,682 |
| May 25 | AED 1,630 |
| Apr 25 | AED 1,610 |
| Mar 25 | AED 1,526 |
| Feb 25 | AED 1,438 |
| Jan 25 | AED 1,361 |
| Dec 24 | AED 1,481 |
| Nov 24 | AED 1,473 |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan (developer) | Off-plan resale |
|---|---|---|
| Oct 26 | — | — |
| Sept 26 | AED 1,463 | — |
| Aug 26 | — | — |
| Jul 26 | AED 1,940 | — |
| Jun 26 | AED 1,673 | AED 1,871 |
| May 26 | — | — |
| Apr 26 | AED 1,616 | AED 1,581 |
| Mar 26 | AED 1,682 | — |
| Feb 26 | AED 1,726 | — |
| Jan 26 | AED 1,624 | — |
| Dec 25 | AED 1,680 | AED 2,395 |
| Nov 25 | AED 1,880 | AED 1,893 |
| Oct 25 | AED 1,691 | AED 1,780 |
| Sept 25 | AED 1,798 | AED 1,615 |
| Aug 25 | AED 1,638 | AED 1,484 |
| Jul 25 | AED 1,603 | AED 1,563 |
| Jun 25 | AED 1,682 | AED 1,706 |
| May 25 | AED 1,574 | AED 1,723 |
| Apr 25 | AED 1,669 | — |
| Mar 25 | AED 1,526 | AED 1,515 |
| Feb 25 | AED 1,379 | — |
| Jan 25 | — | — |
| Dec 24 | — | — |
| Nov 24 | AED 1,493 | AED 1,447 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 3 | 1 | 8 |
| Sept 26 | 37 | 2 | 1 |
| Aug 26 | 0 | 2 | 0 |
| Jul 26 | 11 | 1 | 0 |
| Jun 26 | 177 | 16 | 0 |
| May 26 | 7 | 3 | 0 |
| Apr 26 | 35 | 11 | 0 |
| Mar 26 | 18 | 0 | 0 |
| Feb 26 | 49 | 5 | 0 |
| Jan 26 | 82 | 6 | 0 |
| Dec 25 | 111 | 15 | 0 |
| Nov 25 | 55 | 78 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 15 | down 59.5% | AED 15.9M | 1,495 | up 1.4% |
| Last 3 months | 54 | down 75.9% | AED 60.9M | 1,481 | down 12.2% |
| Last 6 months | 278 | down 43.3% | AED 359M | 1,641 | down 3.6% |
| Last 12 months | 811 | down 46.4% | AED 1.03B | 1,683 | up 3.2% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 630 | 78% | AED 1.30M | 1,671 | up 1.6% |
| Off-plan resale | 172 | 21% | AED 997K | 1,824 | up 17.6% |
| Secondary (ready) | 9 | 1% | AED 990K | 1,496 | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 365 | 45% | AED 905K | 2,034 | up 10.8% |
| 1 bedroom | 367 | 45% | AED 1.49M | 1,571 | up 4.0% |
| 2 bedrooms | 57 | 7% | AED 1.90M | 1,514 | up 6.8% |
| 3 bedrooms | 22 | 3% | AED 1.60M | 1,109 | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 778 | 96% | AED 1.10M | 1,690 | up 3.6% |
| AED 2M–10M | 33 | 4% | AED 2.37M | 1,526 | down 2.9% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Skyhills Astra Building 2Dubai Science Park (Dubiotech) | 303 | — | — |
| Skyhills Astra Building 1Dubai Science Park (Dubiotech) | 155 | — | — |
| Sakura Gardens Tower DFalcon City of Wonders | 107 | 1,475 | down 7.8% |
| Sakura Gardens Tower AFalcon City of Wonders | 52 | 1,458 | — |
| Wadi HillsDubailand Residence Complex | 54 | — | — |
| Sky Hills Residence 2 JVCJumeirah Village Circle | 36 | — | — |
| Celeste ResidenceAl Jadaf | 18 | — | — |
| Sky Hills 3 Tower AJumeirah Village Circle | 21 | — | — |
| Sky Hills 3 Tower BJumeirah Village Circle | 22 | — | — |
| Skyhills Residences - 1Dubai Science Park (Dubiotech) | 25 | 1,496 | — |
| Skyhills Residences - 2Dubai Science Park (Dubiotech) | 18 | — | — |
Where Hijazi Real Estate Development sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Dubai Science Park (Dubiotech) | 501 | 1,832 | 60.7% |
| Falcon City of Wonders | 159 | 1,609 | 19.6% |
| Jumeirah Village Circle | 79 | 1,560 | 10.6% |
| Dubailand Residence Complex | 54 | 1,556 | 5.8% |
| Al Jadaf | 18 | 2,158 | 3.4% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.02M | 2 BR Apartment · 945 sqftCeleste Residence · Al Jadaf | 12 Sept |
| AED 1.97M | 1 BR Apartment · 1,064 sqftSkyhills Astra Building 2 · Dubai Science Park (Dubiotech) | 7 Sept |
| AED 1.82M | 2 BR Apartment · 1,295 sqftSkyhills Residences - 2 · Dubai Science Park (Dubiotech) | 7 Oct |
| AED 1.65M | 2 BR Apartment · 1,155 sqftSky Hills 3 Tower A · Jumeirah Village Circle | 6 Aug |
| AED 1.60M | 1 BR Apartment · 1,068 sqftSky Hills Residence 2 JVC · Jumeirah Village Circle | 16 Oct |
| AED 1.43M | 1 BR Apartment · 916 sqftSakura Gardens Tower A · Falcon City of Wonders | 14 Sept |
Questions about Hijazi Real Estate Development
What is the average price per sqft in Hijazi Real Estate Development?
The median sale price in Hijazi Real Estate Development over the last three months was AED 1,481 per sqft (median sale AED 1.20M), based on 54 sales registered with Dubai Land Department.
Are property prices in Hijazi Real Estate Development going up?
Like-for-like prices per sqft are down 10.8% on a year earlier and down 12.1% on the previous three months.
How many properties were sold in Hijazi Real Estate Development in the last year?
811 sales worth AED 1.03B were registered in the last 12 months: 78% developer off-plan, 21% off-plan resales and 1% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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