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Quarterly report

Dubai property market — Q2 1998

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 1998. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales509Registered in Q2 1998up50,800% vs a year earlier
Total valueAED 1.86BRegistered in Q2 1998Across 59 communities
Price per sqftAED 120/sqftMedian across Q2 1998down29.4% vs a year earlier
Sale priceAED 900KMedian across Q2 19980% sold off-plan

In a sentence

The Land Department registered 509 property sales in Q2 1998, worth AED 1.86B in total, across 59 communities. That is 50,800% more than the same quarter a year earlier.

The median sale was AED 900,000 at AED 120/sqft, 29.4% below the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 121 registered sales, while Rega Al Buteen took the most money at AED 214.02M.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 1998, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif121+348.1%AED 60.34MAED 370KAED 34/sqft0%
Um Suqaim72+157.1%AED 141.86MAED 1.16MAED 85/sqft0%
Al Barsha26+420.0%AED 31.46MAED 577KAED 38/sqft0%
Abu Hail20—AED 29.77MAED 680KAED 181/sqft0%
Al Satwa20+53.8%AED 33.93MAED 771KAED 259/sqft0%
Hor Al Anz East20+185.7%AED 94.35MAED 588KAED 230/sqft0%
Al Qusais Old15+275.0%AED 100.94MAED 4.27MAED 227/sqft0%
Jumeirah14+55.6%AED 49.71MAED 1.10MAED 155/sqft0%
Al Hamriya11+450.0%AED 85.05MAED 6.57MAED 755/sqft0%
Hor Al Anz11+1000.0%AED 10.03MAED 650KAED 296/sqft0%
Port Saeed11+450.0%AED 152.99MAED 15.06MAED 1,050/sqft0%
Al-Safiyyah10+233.3%AED 10.99MAED 1.20MAED 527/sqft0%
Al Mizhar9+800.0%AED 4.70MAED 525KAED 29/sqft0%
Al-Murar Qadeem9+800.0%AED 25.16MAED 1.98MAED 1,158/sqft0%
Al Musalla (Dubai)8—AED 20.66MAED 2.20MAED 729/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 214.02M5
Port SaeedAED 152.99M11
Al-Riqqa WestAED 150.00M2
Um SuqaimAED 141.86M72
Al Qusais OldAED 100.94M15
Hor Al Anz EastAED 94.35M20
Al HamriyaAED 85.05M11
Burj KhalifaAED 70.85M5
MirdifAED 60.34M121
Tawaa Al SayeghAED 58.42M4

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange

The largest sales of Q2 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
7 May 1998Al-Riqqa West—LandExisting PropertiesNot specified14,400 sqftAED 5,903/sqftAED 85,000,000
25 May 1998Al-Riqqa West—LandExisting PropertiesNot specified734 sqftAED 88,557/sqftAED 65,000,000
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
28 May 1998Hor Al Anz East—LandExisting PropertiesNot specified121,500 sqftAED 400/sqftAED 48,600,000
2 Jun 1998Rega Al Buteen—LandExisting PropertiesNot specified28,375 sqftAED 1,700/sqftAED 48,237,500
25 May 1998Rega Al Buteen—LandExisting PropertiesNot specified17,286 sqftAED 2,661/sqftAED 46,000,000
25 Jun 1998Al Bada—VillaExisting PropertiesNot specified63,376 sqftAED 600/sqftAED 38,000,000
18 May 1998Burj Khalifa—LandExisting PropertiesNot specified10,000 sqftAED 3,800/sqftAED 38,000,000

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.