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Quarterly report

Dubai property market — Q3 1998

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 1998. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales352Registered in Q3 1998up35,100% vs a year earlier
Total valueAED 851.94MRegistered in Q3 1998Across 53 communities
Price per sqftAED 116/sqftMedian across Q3 1998down77.5% vs a year earlier
Sale priceAED 899KMedian across Q3 19980% sold off-plan

In a sentence

The Land Department registered 352 property sales in Q3 1998, worth AED 851.94M in total, across 53 communities. That is 35,100% more than the same quarter a year earlier.

The median sale was AED 899,350 at AED 116/sqft, 77.5% below the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 93 registered sales, while Port Saeed took the most money at AED 156.25M.

Against the previous quarter, Um Suqaim fell 25% to 54.

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 Q3 1998, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif93-23.1%AED 52.38MAED 418KAED 40/sqft0%
Um Suqaim54-25.0%AED 140.83MAED 1.37MAED 110/sqft0%
Abu Hail17-15.0%AED 15.80MAED 750KAED 320/sqft0%
Al Barsha12-53.8%AED 25.10MAED 675KAED 45/sqft0%
Al Satwa11-45.0%AED 13.24MAED 650KAED 240/sqft0%
Al Baraha10+42.9%AED 50.77MAED 4.30MAED 1,460/sqft0%
Hor Al Anz East10-50.0%AED 6.81MAED 680KAED 200/sqft0%
Al Mizhar90.0%AED 4.43MAED 515KAED 34/sqft0%
Al-Murar Qadeem90.0%AED 37.34MAED 4.00MAED 2,274/sqft0%
Jumeirah8-42.9%AED 18.79MAED 1.85MAED 202/sqft0%
Port Saeed8-27.3%AED 156.25MAED 19.59MAED 750/sqft0%
Al Qoaz6+20.0%AED 17.64MAED 745KAED 50/sqft0%
Al Qusais Old6-60.0%AED 5.69MAED 590KAED 76/sqft0%
Al-Tawar60.0%AED 8.17MAED 1.03MAED 96/sqft0%
Nad Al Hamar6+100.0%AED 3.33MAED 558KAED 37/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 156.25M8
Um SuqaimAED 140.83M54
MirdifAED 52.38M93
Al BarahaAED 50.77M10
Al-Murar QadeemAED 37.34M9
Rega Al ButeenAED 35.42M1
Tawaa Al SayeghAED 35.25M3
Al BarshaAED 25.10M12
Al KhawaneejAED 24.89M5
Sikkat Al Khail NorthAED 23.83M3

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
Um Suqaim54-25.0%
Mirdif93-23.1%

The largest sales of Q3 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
22 Jul 1998Port Saeed—BuildingExisting PropertiesNot specified54,045 sqftAED 750/sqftAED 40,533,750
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
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
2 Sept 1998Um Suqaim—LandExisting PropertiesNot specified53,001 sqftAED 358/sqftAED 19,000,000
22 Jul 1998Port Saeed—BuildingExisting PropertiesNot specified22,180 sqftAED 750/sqftAED 16,635,000
31 Aug 1998Port Saeed—BuildingExisting PropertiesNot specified21,270 sqftAED 750/sqftAED 15,952,500

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.