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Monthly report

Dubai property market — December 1997

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside December 1997. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales35Registered in December 1997
Total valueAED 110.59MRegistered in December 1997Across 18 communities
Price per sqftAED 125/sqftMedian across December 1997
Sale priceAED 1.50MMedian across December 19970% sold off-plan

In a sentence

The Land Department registered 35 property sales in December 1997, worth AED 110.59M in total, across 18 communities.

The median sale was AED 1,500,000 at AED 125/sqft. 0% of sales were off-plan.

Um Suqaim was the busiest community with 10 registered sales, and also took the most money at AED 25.79M.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in December 1997, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Um Suqaim10+150.0%AED 25.79MAED 1.89MAED 112/sqft0%
Jumeirah4+300.0%AED 14.63MAED 3.80MAED 121/sqft0%
Mirdif3+50.0%AED 1.42MAED 450KAED 60/sqft0%
Al Asbaq2—AED 3.08MAED 1.54MAED 529/sqft0%
Al Karama2—AED 6.10MAED 3.05MAED 494/sqft0%
Hor Al Anz East2—AED 1.95MAED 975KAED 217/sqft0%
Al Barsha1—AED 300KAED 300KAED 20/sqft0%
Al Buteen1—AED 4.20MAED 4.20MAED 7,000/sqft0%
Al Fahidi1—AED 2.00MAED 2.00MAED 865/sqft0%
Al Hamriya1—AED 8.45MAED 8.45MAED 410/sqft0%
Al Kifaf1—AED 15.00MAED 15.00MAED 1,000/sqft0%
Al Qusais Old1—AED 800KAED 800KAED 335/sqft0%
Al Raffa1—AED 1.50MAED 1.50MAED 396/sqft0%
Al Safaa1—AED 1.10MAED 1.10MAED 74/sqft0%
Al Satwa1—AED 890KAED 890KAED 174/sqft0%

Where the money went

Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.

CommunityValueSales
Um SuqaimAED 25.79M10
Port SaeedAED 22.00M1
Al KifafAED 15.00M1
JumeirahAED 14.63M4
Al HamriyaAED 8.45M1
Al KaramaAED 6.10M2
Al ButeenAED 4.20M1
Al AsbaqAED 3.08M2
Al FahidiAED 2.00M1
Hor Al Anz EastAED 1.95M2

Biggest movers

Change in registered sales against the previous month. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange

The largest sales of December 1997

Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.

Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
22 Dec 1997Port Saeed—BuildingExisting PropertiesNot specified40,000 sqftAED 550/sqftAED 22,000,000
10 Dec 1997Al Kifaf—LandExisting PropertiesNot specified15,000 sqftAED 1,000/sqftAED 15,000,000
29 Dec 1997Al Hamriya—LandExisting PropertiesNot specified20,600 sqftAED 410/sqftAED 8,446,000
29 Dec 1997Um Suqaim—LandExisting PropertiesNot specified55,200 sqftAED 120/sqftAED 6,624,000
31 Dec 1997Um Suqaim—LandExisting PropertiesNot specified51,992 sqftAED 125/sqftAED 6,499,000
22 Dec 1997Jumeirah—LandExisting PropertiesNot specified51,820 sqftAED 120/sqftAED 6,218,400
16 Dec 1997Jumeirah—LandExisting PropertiesNot specified40,700 sqftAED 123/sqftAED 5,000,000
9 Dec 1997Al Karama—BuildingExisting PropertiesNot specified11,500 sqftAED 417/sqftAED 4,800,000
1 Dec 1997Al Buteen—BuildingExisting PropertiesNot specified600 sqftAED 7,000/sqftAED 4,200,000
23 Dec 1997Um Suqaim—LandExisting PropertiesNot specified40,000 sqftAED 66/sqftAED 2,650,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.