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Annual report

Dubai property market — 1998

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 1998. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales1,315Registered in 1998up2,583.7% vs the year before
Total valueAED 4.08BRegistered in 1998Across 67 communities
Price per sqftAED 117/sqftMedian across 1998down6.3% vs the year before
Sale priceAED 900KMedian across 19980% sold off-plan

In a sentence

The Land Department registered 1,315 property sales in 1998, worth AED 4.08B in total, across 67 communities. That is 2,584% more than the year before.

The median sale was AED 900,000 at AED 117/sqft, 6.3% below the year before. 0% of sales were off-plan.

Mirdif was the busiest community with 351 registered sales, while Um Suqaim took the most money at AED 412.07M.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 1998, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif351+6920.0%AED 194.63MAED 430KAED 38/sqft0%
Um Suqaim190+1257.1%AED 412.07MAED 1.20MAED 93/sqft0%
Al Satwa56+5500.0%AED 85.09MAED 718KAED 246/sqft0%
Al Barsha50+4900.0%AED 101.17MAED 610KAED 41/sqft0%
Abu Hail45—AED 51.51MAED 660KAED 242/sqft0%
Hor Al Anz East45+2150.0%AED 180.92MAED 610KAED 220/sqft0%
Jumeirah44+780.0%AED 133.00MAED 1.75MAED 153/sqft0%
Al Qusais Old28+2700.0%AED 116.40MAED 700KAED 173/sqft0%
Al Baraha27—AED 132.04MAED 4.15MAED 1,070/sqft0%
Al Mizhar27—AED 17.09MAED 500KAED 30/sqft0%
Al Hamriya24+2300.0%AED 244.54MAED 7.59MAED 615/sqft0%
Port Saeed24+2300.0%AED 364.21MAED 15.19MAED 950/sqft0%
Al-Murar Qadeem21—AED 70.24MAED 3.00MAED 1,300/sqft0%
Al-Tawar21—AED 25.94MAED 900KAED 80/sqft0%
Hor Al Anz21—AED 20.72MAED 650KAED 297/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 412.07M190
Port SaeedAED 364.21M24
Rega Al ButeenAED 330.35M9
Al HamriyaAED 244.54M24
MirdifAED 194.63M351
Hor Al Anz EastAED 180.92M45
Al-Riqqa WestAED 150.00M2
Zareeba DuviyaAED 136.50M5
JumeirahAED 133.00M44
Al BarahaAED 132.04M27

Biggest movers

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

CommunitySalesChange

The largest sales of 1998

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
7 May 1998Al-Riqqa West—LandExisting PropertiesNot specified14,400 sqftAED 5,903/sqftAED 85,000,000
25 May 1998Al-Riqqa West—LandExisting PropertiesNot specified734 sqftAED 88,557/sqftAED 65,000,000
5 Mar 1998Zareeba Duviya—LandExisting PropertiesNot specified24,120 sqftAED 2,695/sqftAED 65,000,000
4 Nov 1998Zareeba Duviya—LandExisting PropertiesNot specified35,454 sqftAED 1,721/sqftAED 61,000,000
25 Feb 1998Hor Al Anz East—BuildingExisting PropertiesNot specified151,600 sqftAED 350/sqftAED 53,060,000
1 Jun 1998Al Sabkha—BuildingExisting PropertiesNot specified14,460 sqftAED 3,631/sqftAED 52,500,000
10 Jun 1998Rega Al Buteen—LandExisting PropertiesNot specified12,717 sqftAED 4,089/sqftAED 52,000,000
15 Jun 1998Rega Al Buteen—BuildingExisting PropertiesNot specified7,640 sqftAED 6,545/sqftAED 50,000,000
23 Mar 1998Rega Al Buteen—BuildingExisting PropertiesNot specified21,008 sqftAED 2,350/sqftAED 49,368,800
28 May 1998Hor Al Anz East—LandExisting PropertiesNot specified121,500 sqftAED 400/sqftAED 48,600,000

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.