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Monthly report

Dubai property market — October 1998

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

Sales87Registered in October 1998up8,600% vs a year earlier
Total valueAED 192.05MRegistered in October 1998Across 25 communities
Price per sqftAED 55/sqftMedian across October 1998down91.5% vs a year earlier
Sale priceAED 690KMedian across October 19980% sold off-plan

In a sentence

The Land Department registered 87 property sales in October 1998, worth AED 192.05M in total, across 25 communities. That is 8,600% more than the same month a year earlier.

The median sale was AED 690,000 at AED 55/sqft, 91.5% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 36 registered sales, while Al Hamriya took the most money at AED 65.91M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif36-23.4%AED 21.06MAED 449KAED 38/sqft0%
Um Suqaim7-50.0%AED 10.52MAED 1.09MAED 116/sqft0%
Abu Hail5+25.0%AED 4.18MAED 700KAED 267/sqft0%
Al Barsha5+25.0%AED 4.88MAED 690KAED 46/sqft0%
Al Musalla (Dubai)4—AED 25.60MAED 4.15MAED 1,020/sqft0%
Al Hamriya3+50.0%AED 65.91MAED 20.50MAED 500/sqft0%
Al Satwa3—AED 8.68MAED 1.80MAED 232/sqft0%
Al Baraha2-33.3%AED 8.50MAED 4.25MAED 1,408/sqft0%
Al Karama20.0%AED 2.70MAED 1.35MAED 593/sqft0%
Al Mizhar2-60.0%AED 1.15MAED 573KAED 32/sqft0%
Al-Tawar2-33.3%AED 3.95MAED 1.98MAED 113/sqft0%
Al Wasl20.0%AED 2.70MAED 1.35MAED 91/sqft0%
Nad Rashid2+100.0%AED 1.18MAED 588KAED 92/sqft0%
Al Bada1—AED 1.37MAED 1.37MAED 137/sqft0%
Al-Murar Jadeed10.0%AED 6.85MAED 6.85MAED 2,051/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 HamriyaAED 65.91M3
Al Musalla (Dubai)AED 25.60M4
MirdifAED 21.06M36
Port SaeedAED 15.33M1
Um SuqaimAED 10.52M7
Al SatwaAED 8.68M3
Al BarahaAED 8.50M2
Al-Murar JadeedAED 6.85M1
Al BarshaAED 4.88M5
Abu HailAED 4.18M5

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 October 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
15 Oct 1998Al Hamriya—LandExisting PropertiesNot specified34,540 sqftAED 919/sqftAED 31,750,000
8 Oct 1998Al Hamriya—LandExisting PropertiesNot specified54,865 sqftAED 374/sqftAED 20,500,000
5 Oct 1998Port Saeed—BuildingExisting PropertiesNot specified18,034 sqftAED 850/sqftAED 15,328,900
26 Oct 1998Al Musalla (Dubai)—LandExisting PropertiesNot specified12,375 sqftAED 1,212/sqftAED 15,000,000
5 Oct 1998Al Hamriya—LandExisting PropertiesNot specified27,310 sqftAED 500/sqftAED 13,655,000
13 Oct 1998Al-Murar Jadeed—LandExisting PropertiesNot specified3,340 sqftAED 2,051/sqftAED 6,850,000
12 Oct 1998Al Satwa—LandExisting PropertiesNot specified8,652 sqftAED 728/sqftAED 6,300,000
19 Oct 1998Al Baraha—BuildingExisting PropertiesNot specified3,225 sqftAED 1,767/sqftAED 5,700,000
26 Oct 1998Al Musalla (Dubai)—LandExisting PropertiesNot specified7,885 sqftAED 634/sqftAED 5,000,000
19 Oct 1998Um Suqaim—LandExisting PropertiesNot specified15,000 sqftAED 247/sqftAED 3,700,000

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.