Market bulletin · Thu, 22 Oct 2026
Sierra by Iman: median AED 1,697/sqft, down 3.3% over three months on 29 sales
Sierra by Iman recorded 7 sales worth AED 7.91M in the 30 days to Thu, 22 Oct 2026, up 75.0% on the previous 30 days. Over the last week 1 sale was registered (AED 814K), against 1 the week before.
The median sale over the last three months was AED 1.22M, or AED 1,697/sqft — like-for-like prices per sqft down 3.3% on the previous three months. Monthly medians over the past year ranged from AED 1,598/sqft to AED 1,805/sqft.
By market over 12 months: developer off-plan sales 99.7%, off-plan resales 0.3%.
In Business Park Motor City, Sierra by Iman ranked #1 of 11 leading projects by 12-month sales value; it is developed by Iman Developers. Its first registered sale was on 10 November 2025.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,779 |
| Sept 26 | AED 1,610 |
| Aug 26 | AED 1,700 |
| Jul 26 | AED 1,685 |
| Jun 26 | AED 1,682 |
| May 26 | AED 1,598 |
| Apr 26 | AED 1,665 |
| Mar 26 | AED 1,720 |
| Feb 26 | AED 1,670 |
| Jan 26 | AED 1,680 |
| Dec 25 | — |
| Nov 25 | AED 1,805 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 6 | 0 | 0 |
| Sept 26 | 5 | 0 | 0 |
| Aug 26 | 13 | 0 | 0 |
| Jul 26 | 22 | 0 | 0 |
| Jun 26 | 11 | 0 | 0 |
| May 26 | 6 | 0 | 0 |
| Apr 26 | 65 | 0 | 0 |
| Mar 26 | 100 | 1 | 0 |
| Feb 26 | 108 | 0 | 0 |
| Jan 26 | 25 | 0 | 0 |
| Dec 25 | 3 | 0 | 0 |
| Nov 25 | 12 | 0 | 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 | 7 | up 75.0% | AED 7.91M | 1,917 | — |
| Last 3 months | 29 | down 29.3% | AED 34.8M | 1,697 | up 0.9% |
| Last 6 months | 70 | down 77.2% | AED 89.0M | 1,693 | up 0.8% |
| Last 12 months | 377 | — | AED 520M | 1,685 | — |
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) | 376 | 100% | AED 1.29M | 1,685 | — |
| Off-plan resale | 1 | 0% | — | — | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 135 | 36% | AED 862K | 2,071 | — |
| 1 bedroom | 129 | 34% | AED 1.30M | 1,640 | — |
| 2 bedrooms | 102 | 27% | AED 1.82M | 1,650 | — |
| 4 bedrooms | 11 | 3% | AED 4.21M | 1,089 | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 346 | 92% | AED 1.27M | 1,695 | — |
| AED 2M–10M | 31 | 8% | AED 2.01M | 1,583 | — |
Competing projects in Business Park Motor City
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Binghatti Sky TerracesBinghatti | 482 | 1,660 | down 3.6% |
| 15 CascadeIman Developers | 116 | 1,867 | — |
| Rabdan BuildingAl Fahim Group | 152 | 1,155 | — |
| Beverly GrandeHMB Homes Real Estate Development | 115 | 1,707 | — |
| Takaya Tower BUnion Properties | 50 | 1,932 | — |
| Takaya Tower CUnion Properties | 56 | 1,739 | — |
| Takaya Tower AUnion Properties | 42 | 1,818 | — |
| Ananda Residences BTiger Properties - Tiger Real Estate | 87 | 1,279 | — |
| Ananda Residences ATiger Properties - Tiger Real Estate | 74 | 1,335 | — |
| Mirdad OneUnion Properties | 19 | 1,874 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.86M | 2 BR Apartment · 1,064 sqftSierra by Iman · Business Park Motor City | 10 Aug |
| AED 1.81M | 2 BR Apartment · 1,063 sqftSierra by Iman · Business Park Motor City | 10 Aug |
| AED 1.80M | 2 BR Apartment · 1,060 sqftSierra by Iman · Business Park Motor City | 10 Aug |
| AED 1.79M | 2 BR Apartment · 1,060 sqftSierra by Iman · Business Park Motor City | 10 Aug |
| AED 1.74M | 2 BR Apartment · 1,063 sqftSierra by Iman · Business Park Motor City | 6 Oct |
| AED 1.68M | 2 BR Apartment · 1,064 sqftSierra by Iman · Business Park Motor City | 14 Sept |
Questions about Sierra by Iman
What is the average price per sqft in Sierra by Iman?
The median sale price in Sierra by Iman over the last three months was AED 1,697 per sqft (median sale AED 1.22M), based on 29 sales registered with Dubai Land Department.
How many properties were sold in Sierra by Iman in the last year?
377 sales worth AED 520M were registered in the last 12 months: 100% developer off-plan, 0% off-plan resales and 0% 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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