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Monthly report

Dubai property market — June 1998

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

Sales208Registered in June 1998up20,700% vs a year earlier
Total valueAED 843.24MRegistered in June 1998Across 52 communities
Price per sqftAED 169/sqftMedian across June 1998down67.6% vs a year earlier
Sale priceAED 1.20MMedian across June 19980% sold off-plan

In a sentence

The Land Department registered 208 property sales in June 1998, worth AED 843.24M in total, across 52 communities. That is 20,700% more than the same month a year earlier.

The median sale was AED 1,200,000 at AED 169/sqft, 67.6% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 39 registered sales, while Rega Al Buteen took the most money at AED 150.24M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif39-45.8%AED 25.84MAED 400KAED 37/sqft0%
Um Suqaim21-44.7%AED 52.24MAED 1.63MAED 110/sqft0%
Al Barsha11-15.4%AED 14.22MAED 620KAED 41/sqft0%
Abu Hail10+11.1%AED 20.29MAED 950KAED 221/sqft0%
Al Satwa9+28.6%AED 24.01MAED 1.76MAED 267/sqft0%
Jumeirah8+166.7%AED 23.41MAED 715KAED 156/sqft0%
Hor Al Anz7+75.0%AED 7.35MAED 650KAED 261/sqft0%
Hor Al Anz East7-12.5%AED 5.79MAED 750KAED 253/sqft0%
Al Baraha6+500.0%AED 19.06MAED 2.36MAED 1,060/sqft0%
Al Mizhar6+200.0%AED 3.36MAED 563KAED 31/sqft0%
Al-Murar Qadeem6+100.0%AED 20.15MAED 3.92MAED 1,564/sqft0%
Al Hamriya5+25.0%AED 26.37MAED 5.53MAED 500/sqft0%
Al Qusais Old5-37.5%AED 17.48MAED 430KAED 30/sqft0%
Al Khabeesi4—AED 17.75MAED 2.35MAED 345/sqft0%
Al Musalla (Dubai)4+300.0%AED 10.60MAED 1.65MAED 610/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 150.24M3
Port SaeedAED 74.31M3
Al SabkhaAED 52.50M1
Um SuqaimAED 52.24M21
Al BadaAED 39.55M2
Burj KhalifaAED 32.85M4
Al ButeenAED 27.00M1
Al HamriyaAED 26.37M5
MirdifAED 25.84M39
Al SatwaAED 24.01M9

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 June 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
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
2 Jun 1998Rega Al Buteen—LandExisting PropertiesNot specified28,375 sqftAED 1,700/sqftAED 48,237,500
25 Jun 1998Al Bada—VillaExisting PropertiesNot specified63,376 sqftAED 600/sqftAED 38,000,000
2 Jun 1998Port Saeed—BuildingExisting PropertiesNot specified29,427 sqftAED 1,050/sqftAED 30,898,350
30 Jun 1998Al Buteen—BuildingExisting PropertiesNot specified3,143 sqftAED 8,591/sqftAED 27,000,000
15 Jun 1998Al Garhoud—BuildingExisting PropertiesNot specified20,000 sqftAED 1,200/sqftAED 24,000,000
15 Jun 1998Port Saeed—BuildingExisting PropertiesNot specified19,295 sqftAED 1,125/sqftAED 21,706,875
15 Jun 1998Port Saeed—LandExisting PropertiesNot specified19,294 sqftAED 1,125/sqftAED 21,705,750

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.