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Monthly report

Dubai property market — March 1998

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

Sales82Registered in March 1998
Total valueAED 343.80MRegistered in March 1998Across 30 communities
Price per sqftAED 107/sqftMedian across March 1998
Sale priceAED 945KMedian across March 19980% sold off-plan

In a sentence

The Land Department registered 82 property sales in March 1998, worth AED 343.80M in total, across 30 communities.

The median sale was AED 945,000 at AED 107/sqft. 0% of sales were off-plan.

Mirdif was the busiest community with 19 registered sales, while Rega Al Buteen took the most money at AED 74.87M.

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 March 1998, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif19+171.4%AED 13.10MAED 566KAED 38/sqft0%
Um Suqaim14+55.6%AED 20.64MAED 1.21MAED 80/sqft0%
Al Satwa9+200.0%AED 5.02MAED 550KAED 216/sqft0%
Jumeirah4+100.0%AED 4.83MAED 663KAED 127/sqft0%
Al Baraha3—AED 14.57MAED 6.10MAED 1,050/sqft0%
Al-Murar Jadeed3+200.0%AED 3.92MAED 1.32MAED 1,120/sqft0%
Al-Aweer2—AED 8.80MAED 4.40MAED 55/sqft0%
Al Barsha20.0%AED 14.93MAED 7.46MAED 235/sqft0%
Al Karama2+100.0%AED 2.20MAED 1.10MAED 484/sqft0%
Al Raffa2+100.0%AED 5.70MAED 2.85MAED 1,091/sqft0%
Rega Al Buteen2—AED 74.87MAED 37.43MAED 2,025/sqft0%
Zareeba Duviya2—AED 67.80MAED 33.90MAED 1,617/sqft0%
Al Asbaq10.0%AED 650KAED 650KAED 346/sqft0%
Al Hamriya1—AED 22.66MAED 22.66MAED 550/sqft0%
Al Mamzer10.0%AED 5.75MAED 5.75MAED 129/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
Rega Al ButeenAED 74.87M2
Zareeba DuviyaAED 67.80M2
Al HamriyaAED 22.66M1
Al-NahdahAED 21.60M1
Um SuqaimAED 20.64M14
Al MuteenaAED 19.00M1
Al BarshaAED 14.93M2
Al BarahaAED 14.57M3
Tawaa Al SayeghAED 13.78M1
MirdifAED 13.10M19

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 March 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
5 Mar 1998Zareeba Duviya—LandExisting PropertiesNot specified24,120 sqftAED 2,695/sqftAED 65,000,000
23 Mar 1998Rega Al Buteen—BuildingExisting PropertiesNot specified21,008 sqftAED 2,350/sqftAED 49,368,800
11 Mar 1998Rega Al Buteen—BuildingExisting PropertiesNot specified15,000 sqftAED 1,700/sqftAED 25,500,000
4 Mar 1998Al Hamriya—LandExisting PropertiesNot specified41,200 sqftAED 550/sqftAED 22,660,000
10 Mar 1998Al-Nahdah—LandExisting PropertiesNot specified36,000 sqftAED 600/sqftAED 21,600,000
16 Mar 1998Al Muteena—LandExisting PropertiesNot specified12,062 sqftAED 1,575/sqftAED 19,000,000
17 Mar 1998Tawaa Al Sayegh—LandExisting PropertiesNot specified19,680 sqftAED 700/sqftAED 13,776,000
30 Mar 1998Al Barsha—LandExisting PropertiesNot specified190,000 sqftAED 45/sqftAED 8,550,000
24 Mar 1998Oud Metha—BuildingExisting PropertiesNot specified30,662 sqftAED 250/sqftAED 7,665,375
30 Mar 1998Al Baraha—BuildingExisting PropertiesNot specified6,825 sqftAED 1,050/sqftAED 7,166,250

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.