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Monthly report

Dubai property market — September 1998

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

Sales129Registered in September 1998up12,800% vs a year earlier
Total valueAED 295.53MRegistered in September 1998Across 36 communities
Price per sqftAED 60/sqftMedian across September 1998down88.4% vs a year earlier
Sale priceAED 660KMedian across September 19980% sold off-plan

In a sentence

The Land Department registered 129 property sales in September 1998, worth AED 295.53M in total, across 36 communities. That is 12,800% more than the same month a year earlier.

The median sale was AED 660,000 at AED 60/sqft, 88.4% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 47 registered sales, while Um Suqaim took the most money at AED 68.44M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif47+176.5%AED 26.14MAED 416KAED 40/sqft0%
Um Suqaim14-30.0%AED 68.44MAED 2.07MAED 119/sqft0%
Al Mizhar5+400.0%AED 2.06MAED 400KAED 30/sqft0%
Al-Murar Qadeem5+150.0%AED 15.54MAED 4.00MAED 2,170/sqft0%
Abu Hail4+33.3%AED 4.80MAED 1.00MAED 358/sqft0%
Al Barsha4+100.0%AED 1.61MAED 405KAED 27/sqft0%
Hor Al Anz East4+300.0%AED 2.71MAED 690KAED 278/sqft0%
Jumeirah4+300.0%AED 11.39MAED 3.03MAED 181/sqft0%
Al Baraha30.0%AED 15.66MAED 3.30MAED 2,171/sqft0%
Al Muteena3+200.0%AED 6.00MAED 1.10MAED 443/sqft0%
Al-Tawar3+50.0%AED 2.67MAED 900KAED 60/sqft0%
Al-Bastakiyah2—AED 4.10MAED 2.05MAED 559/sqft0%
Al Hamriya2—AED 6.67MAED 3.33MAED 432/sqft0%
Al Karama2+100.0%AED 2.60MAED 1.30MAED 571/sqft0%
Al Khabeesi2+100.0%AED 1.40MAED 700KAED 175/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 68.44M14
Rega Al ButeenAED 35.42M1
Port SaeedAED 35.31M1
MirdifAED 26.14M47
Al BarahaAED 15.66M3
Tawaa Al SayeghAED 15.60M1
Al-Murar QadeemAED 15.54M5
JumeirahAED 11.39M4
Al-Riqqa EastAED 7.29M1
Al HamriyaAED 6.67M2

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 September 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
28 Sept 1998Rega Al Buteen—BuildingExisting PropertiesNot specified41,616 sqftAED 851/sqftAED 35,415,216
23 Sept 1998Port Saeed—BuildingExisting PropertiesNot specified29,427 sqftAED 1,200/sqftAED 35,312,400
23 Sept 1998Um Suqaim—LandExisting PropertiesNot specified671,824 sqftAED 36/sqftAED 24,000,000
2 Sept 1998Um Suqaim—LandExisting PropertiesNot specified53,001 sqftAED 358/sqftAED 19,000,000
23 Sept 1998Tawaa Al Sayegh—LandExisting PropertiesNot specified10,000 sqftAED 1,560/sqftAED 15,600,000
1 Sept 1998Al Baraha—BuildingExisting PropertiesNot specified4,962 sqftAED 2,418/sqftAED 12,000,000
14 Sept 1998Al-Riqqa East—LandExisting PropertiesNot specified4,859 sqftAED 1,500/sqftAED 7,288,500
9 Sept 1998Al Hamriya—LandExisting PropertiesNot specified10,000 sqftAED 630/sqftAED 6,300,000
14 Sept 1998Al Khawaneej—LandExisting PropertiesNot specified799,523 sqftAED 7/sqftAED 5,600,000
8 Sept 1998Jumeirah Third—VillaExisting PropertiesNot specified17,500 sqftAED 269/sqftAED 4,700,000

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.