Dubai market evidence
Al Merkadh vs Hadaeq Sheikh Mohammed Bin Rashid: Which Costs More?
A side-by-side comparison of Al Merkadh and Hadaeq Sheikh Mohammed Bin Rashid property prices from the historical DLD transaction record, broken down by property type.
The numbers for Al Merkadh and Hadaeq Sheikh Mohammed Bin Rashid
| Metric | Al Merkadh | Hadaeq Sheikh Mohammed Bin Rashid |
|---|---|---|
| Median AED/sqm | 18,855 AED/sqm | 19,345 AED/sqm |
| Median price | AED 1.3M | AED 2.2M |
| Sampled transactions | 35,662 | 34,885 |
| P25–P75 range | 16,141 AED/sqm – 21,291 AED/sqm | 13,817 AED/sqm – 24,258 AED/sqm |
| Apartment share | 96% | 87% |
What the price gap means
Hadaeq Sheikh Mohammed Bin Rashid runs 3% above Al Merkadh on median AED/sqm (18,855 AED/sqm in Al Merkadh against 19,345 AED/sqm in Hadaeq Sheikh Mohammed Bin Rashid). That gap is widest for Land plot, where Hadaeq Sheikh Mohammed Bin Rashid runs 39% above Al Merkadh. The headline number is driven by that unit type rather than a uniform premium across the board.
Citywide medians mix property types unevenly, so a headline gap can reflect what is being sold rather than a like-for-like premium. The per-type table above compares only the property types with enough sampled sales in both areas.
Beyond price, Al Merkadh is anchored by Buj Khalifa Dubai Mall Metro Station metro, Dubai Mall, Downtown Dubai, while Hadaeq Sheikh Mohammed Bin Rashid is anchored by Business Bay Metro Station metro, Dubai Mall, Burj Al Arab.
This is sales transaction evidence only and ends 2026-07-27. It covers sales, not rentals, and is market reference, not valuation or investment advice.
Price by property type
| Property type | Al Merkadh tx | Al Merkadh AED/sqm | Hadaeq Sheikh Mohammed Bin Rashid tx | Hadaeq Sheikh Mohammed Bin Rashid AED/sqm | Gap |
|---|---|---|---|---|---|
| Apartment — Studio | 2,352 | 18,932 AED/sqm | 185 | 19,948 AED/sqm | -5% |
| Apartment — 1 Bed | 2,647 | 20,721 AED/sqm | 2,628 | 23,697 AED/sqm | -13% |
| Apartment — 2 Bed | 1,314 | 20,720 AED/sqm | 2,174 | 24,237 AED/sqm | -15% |
| Apartment — 3 Bed+ | 424 | 20,334 AED/sqm | 685 | 25,560 AED/sqm | -20% |
| Villa / Townhouse | 85 | 24,907 AED/sqm | 482 | 20,288 AED/sqm | +23% |
| Land plot | 235 | 14,636 AED/sqm | 361 | 23,903 AED/sqm | -39% |
Research each area
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