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Monthly report

Dubai property market — May 1998

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

Sales236Registered in May 1998
Total valueAED 814.34MRegistered in May 1998Across 44 communities
Price per sqftAED 87/sqftMedian across May 1998
Sale priceAED 800KMedian across May 19980% sold off-plan

In a sentence

The Land Department registered 236 property sales in May 1998, worth AED 814.34M in total, across 44 communities.

The median sale was AED 800,000 at AED 87/sqft. 0% of sales were off-plan.

Mirdif was the busiest community with 72 registered sales, while Al-Riqqa West took the most money at AED 150.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif72+620.0%AED 31.27MAED 351KAED 33/sqft0%
Um Suqaim38+192.3%AED 74.79MAED 1.17MAED 80/sqft0%
Al Barsha13+550.0%AED 16.19MAED 555KAED 37/sqft0%
Abu Hail9+800.0%AED 9.09MAED 660KAED 120/sqft0%
Al Qusais Old8+300.0%AED 69.95MAED 4.62MAED 249/sqft0%
Hor Al Anz East8+60.0%AED 86.24MAED 575KAED 230/sqft0%
Al-Safiyyah7+600.0%AED 8.58MAED 1.20MAED 527/sqft0%
Al Satwa7+75.0%AED 6.04MAED 720KAED 194/sqft0%
Port Saeed6+200.0%AED 48.82MAED 3.00MAED 557/sqft0%
Al Dhagaya4—AED 12.35MAED 3.23MAED 2,698/sqft0%
Al Hamriya4+100.0%AED 43.34MAED 10.64MAED 1,002/sqft0%
Al Wasl4+100.0%AED 3.95MAED 1.09MAED 98/sqft0%
Hor Al Anz4—AED 2.68MAED 685KAED 318/sqft0%
Al-Murar Qadeem3—AED 5.01MAED 1.84MAED 1,000/sqft0%
Al Muteena3+200.0%AED 2.85MAED 800KAED 347/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
Al-Riqqa WestAED 150.00M2
Hor Al Anz EastAED 86.24M8
Um SuqaimAED 74.79M38
Al Qusais OldAED 69.95M8
Port SaeedAED 48.82M6
Rega Al ButeenAED 46.00M1
Al HamriyaAED 43.34M4
Tawaa Al SayeghAED 42.70M3
Burj KhalifaAED 38.00M1
MirdifAED 31.27M72

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 May 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
28 May 1998Hor Al Anz East—LandExisting PropertiesNot specified121,500 sqftAED 400/sqftAED 48,600,000
25 May 1998Rega Al Buteen—LandExisting PropertiesNot specified17,286 sqftAED 2,661/sqftAED 46,000,000
18 May 1998Burj Khalifa—LandExisting PropertiesNot specified10,000 sqftAED 3,800/sqftAED 38,000,000
4 May 1998Al Qusais Old—LandExisting PropertiesNot specified240,000 sqftAED 146/sqftAED 35,000,000
4 May 1998Hor Al Anz East—BuildingExisting PropertiesNot specified32,400 sqftAED 1,065/sqftAED 34,500,000
25 May 1998Nad Al Hamar—VillaExisting PropertiesNot specified15,000 sqftAED 1,900/sqftAED 28,500,000
18 May 1998Port Saeed—BuildingExisting PropertiesNot specified20,808 sqftAED 1,250/sqftAED 26,010,000
25 May 1998Jumeirah—LandExisting PropertiesNot specified40,000 sqftAED 450/sqftAED 18,000,000

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.