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Monthly report

Dubai property market — December 1998

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

Sales101Registered in December 1998up188.6% vs a year earlier
Total valueAED 261.68MRegistered in December 1998Across 28 communities
Price per sqftAED 100/sqftMedian across December 1998down20% vs a year earlier
Sale priceAED 850KMedian across December 19980% sold off-plan

In a sentence

The Land Department registered 101 property sales in December 1998, worth AED 261.68M in total, across 28 communities. That is 189% more than the same month a year earlier.

The median sale was AED 850,000 at AED 100/sqft, 20% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 32 registered sales, while Al Raffa took the most money at AED 36.48M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif32-23.8%AED 15.71MAED 439KAED 45/sqft0%
Um Suqaim17+41.7%AED 31.33MAED 1.30MAED 90/sqft0%
Jumeirah7+40.0%AED 16.98MAED 2.40MAED 238/sqft0%
Nad Rashid5+150.0%AED 7.30MAED 600KAED 51/sqft0%
Al-Safiyyah4—AED 4.27MAED 1.19MAED 521/sqft0%
Al Satwa3-50.0%AED 9.20MAED 1.20MAED 378/sqft0%
Hor Al Anz East3-25.0%AED 11.80MAED 1.20MAED 141/sqft0%
Abu Hail2+100.0%AED 1.16MAED 580KAED 290/sqft0%
Al Asbaq2—AED 11.82MAED 5.91MAED 1,045/sqft0%
Al Baraha2+100.0%AED 18.50MAED 9.25MAED 2,314/sqft0%
Al Hamriya20.0%AED 26.16MAED 13.08MAED 550/sqft0%
Al Hudaiba20.0%AED 27.55MAED 13.78MAED 429/sqft0%
Al Mizhar2-50.0%AED 4.50MAED 2.25MAED 44/sqft0%
Al Raffa2—AED 36.48MAED 18.24MAED 582/sqft0%
Hor Al Anz2-33.3%AED 950KAED 475KAED 223/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 RaffaAED 36.48M2
Um SuqaimAED 31.33M17
Al HudaibaAED 27.55M2
Al HamriyaAED 26.16M2
Al BarahaAED 18.50M2
JumeirahAED 16.98M7
MirdifAED 15.71M32
Al AsbaqAED 11.82M2
Hor Al Anz EastAED 11.80M3
Al KaramaAED 11.50M1

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 December 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
30 Dec 1998Al Raffa—LandExisting PropertiesNot specified45,375 sqftAED 750/sqftAED 34,031,250
17 Dec 1998Al Hudaiba—BuildingExisting PropertiesNot specified44,705 sqftAED 597/sqftAED 26,700,000
30 Dec 1998Al Hamriya—BuildingExisting PropertiesNot specified42,048 sqftAED 600/sqftAED 25,228,800
28 Dec 1998Al Baraha—LandExisting PropertiesNot specified4,801 sqftAED 2,916/sqftAED 14,000,000
28 Dec 1998Al Karama—BuildingExisting PropertiesNot specified9,100 sqftAED 1,264/sqftAED 11,500,000
10 Dec 1998Al Asbaq—LandExisting PropertiesNot specified6,652 sqftAED 1,654/sqftAED 11,000,000
17 Dec 1998Al Kifaf—LandExisting PropertiesNot specified22,035 sqftAED 490/sqftAED 10,797,150
8 Dec 1998Hor Al Anz East—BuildingExisting PropertiesNot specified9,380 sqftAED 1,066/sqftAED 10,000,000
21 Dec 1998Al Satwa—Jumeirah Garden CityLandExisting PropertiesNot specified18,507 sqftAED 378/sqftAED 7,000,000
29 Dec 1998Nad Rashid—LandExisting PropertiesNot specified99,680 sqftAED 50/sqftAED 4,984,000

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.