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Monthly report

Dubai property market — August 1998

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

Sales89Registered in August 1998up8,800% vs a year earlier
Total valueAED 239.12MRegistered in August 1998Across 32 communities
Price per sqftAED 139/sqftMedian across August 1998down18.1% vs a year earlier
Sale priceAED 1.10MMedian across August 19980% sold off-plan

In a sentence

The Land Department registered 89 property sales in August 1998, worth AED 239.12M in total, across 32 communities. That is 8,800% more than the same month a year earlier.

The median sale was AED 1,100,000 at AED 139/sqft, 18.1% below the same month last year. 0% of sales were off-plan.

Um Suqaim was the busiest community with 20 registered sales, while Port Saeed took the most money at AED 61.97M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Um Suqaim200.0%AED 43.19MAED 1.31MAED 110/sqft0%
Mirdif17-41.4%AED 8.97MAED 523KAED 35/sqft0%
Al Satwa6+20.0%AED 11.42MAED 875KAED 352/sqft0%
Abu Hail3-70.0%AED 2.38MAED 630KAED 265/sqft0%
Al Baraha3-25.0%AED 16.16MAED 5.30MAED 1,509/sqft0%
Hor Al Anz3—AED 4.84MAED 750KAED 415/sqft0%
Port Saeed3-25.0%AED 61.97MAED 22.55MAED 1,060/sqft0%
Al Barsha2-66.7%AED 1.35MAED 676KAED 38/sqft0%
Al-Murar Qadeem20.0%AED 8.40MAED 4.20MAED 2,573/sqft0%
Al Qoaz20.0%AED 2.70MAED 1.35MAED 54/sqft0%
Al-Tawar2+100.0%AED 2.90MAED 1.45MAED 148/sqft0%
Al Wasl2+100.0%AED 2.77MAED 1.39MAED 108/sqft0%
Burj Nahar2+100.0%AED 4.60MAED 2.30MAED 1,024/sqft0%
Eyal Nasser2—AED 7.15MAED 3.58MAED 889/sqft0%
Nad Al Hamar20.0%AED 1.01MAED 508KAED 34/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
Port SaeedAED 61.97M3
Um SuqaimAED 43.19M20
Sikkat Al Khail NorthAED 20.00M1
Al BarahaAED 16.16M3
Al KhabeesiAED 13.30M1
Al SatwaAED 11.42M6
Al KaramaAED 9.70M1
MirdifAED 8.97M17
Al-Murar QadeemAED 8.40M2
Eyal NasserAED 7.15M2

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 August 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
31 Aug 1998Port Saeed—BuildingExisting PropertiesNot specified18,625 sqftAED 1,260/sqftAED 23,467,500
31 Aug 1998Port Saeed—BuildingExisting PropertiesNot specified21,270 sqftAED 1,060/sqftAED 22,546,200
17 Aug 1998Sikkat Al Khail North—LandExisting PropertiesNot specified5,343 sqftAED 3,743/sqftAED 20,000,000
31 Aug 1998Port Saeed—BuildingExisting PropertiesNot specified21,270 sqftAED 750/sqftAED 15,952,500
10 Aug 1998Al Khabeesi—LandExisting PropertiesNot specified9,722 sqftAED 1,368/sqftAED 13,300,000
20 Aug 1998Al Karama—BuildingExisting PropertiesNot specified9,100 sqftAED 1,066/sqftAED 9,700,000
26 Aug 1998Um Suqaim—LandExisting PropertiesNot specified64,000 sqftAED 120/sqftAED 7,680,000
26 Aug 1998Al Baraha—BuildingExisting PropertiesNot specified5,070 sqftAED 1,509/sqftAED 7,650,000
19 Aug 1998Um Suqaim—LandExisting PropertiesNot specified27,100 sqftAED 266/sqftAED 7,200,000
5 Aug 1998Eyal Nasser—BuildingExisting PropertiesNot specified7,122 sqftAED 983/sqftAED 7,000,000

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.