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Quarterly report

Dubai property market — Q4 1997

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 1997. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales48Registered in Q4 1997up4,700% vs a year earlier
Total valueAED 151.36MRegistered in Q4 1997Across 24 communities
Price per sqftAED 125/sqftMedian across Q4 1997down76% vs a year earlier
Sale priceAED 1.40MMedian across Q4 19970% sold off-plan

In a sentence

The Land Department registered 48 property sales in Q4 1997, worth AED 151.36M in total, across 24 communities. That is 4,700% more than the same quarter a year earlier.

The median sale was AED 1,402,500 at AED 125/sqft, 76% below the same quarter last year. 0% of sales were off-plan.

Um Suqaim was the busiest community with 14 registered sales, and also took the most money at AED 27.52M.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q4 1997, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Um Suqaim14—AED 27.52MAED 1.29MAED 102/sqft0%
Jumeirah5—AED 15.01MAED 2.60MAED 123/sqft0%
Mirdif5—AED 3.17MAED 450KAED 60/sqft0%
Al Asbaq2—AED 3.08MAED 1.54MAED 529/sqft0%
Al Karama2+100.0%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 Hudaiba1—AED 1.50MAED 1.50MAED 83/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%

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 27.52M14
Port SaeedAED 22.00M1
JumeirahAED 15.01M5
Al KifafAED 15.00M1
Ras Al KhorAED 10.00M1
Tawaa Al SayeghAED 9.87M1
Zareeba DuviyaAED 9.75M1
Al HamriyaAED 8.45M1
Al KaramaAED 6.10M2
MankhoolAED 4.40M1

Biggest movers

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

CommunitySalesChange

The largest sales of Q4 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
12 Nov 1997Ras Al Khor—LandExisting PropertiesNot specified191,200 sqftAED 52/sqftAED 10,000,000
10 Nov 1997Tawaa Al Sayegh—LandExisting PropertiesNot specified14,300 sqftAED 690/sqftAED 9,867,000
14 Oct 1997Zareeba Duviya—LandExisting PropertiesNot specified15,000 sqftAED 650/sqftAED 9,750,000
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

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.