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Quarterly report

Dubai property market — Q4 1998

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 1998. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales308Registered in Q4 1998up541.7% vs a year earlier
Total valueAED 769.38MRegistered in Q4 1998Across 46 communities
Price per sqftAED 88/sqftMedian across Q4 1998down29.8% vs a year earlier
Sale priceAED 823KMedian across Q4 19980% sold off-plan

In a sentence

The Land Department registered 308 property sales in Q4 1998, worth AED 769.38M in total, across 46 communities. That is 542% more than the same quarter a year earlier.

The median sale was AED 822,500 at AED 88/sqft, 29.8% below the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 110 registered sales, while Al Hamriya took the most money at AED 116.31M.

Against the previous quarter, Mirdif rose 18% to 110 sales.

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 Q4 1998, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif110+18.3%AED 64.57MAED 464KAED 41/sqft0%
Um Suqaim36-33.3%AED 70.09MAED 1.29MAED 115/sqft0%
Jumeirah13+62.5%AED 50.79MAED 2.02MAED 190/sqft0%
Al Satwa12+9.1%AED 29.18MAED 1.90MAED 349/sqft0%
Nad Rashid9+80.0%AED 9.18MAED 600KAED 51/sqft0%
Abu Hail8-52.9%AED 5.94MAED 605KAED 271/sqft0%
Al Mizhar8-11.1%AED 7.45MAED 500KAED 33/sqft0%
Al-Tawar8+33.3%AED 11.32MAED 978KAED 81/sqft0%
Hor Al Anz East8-20.0%AED 17.58MAED 850KAED 164/sqft0%
Al Barsha7-41.7%AED 16.29MAED 690KAED 46/sqft0%
Al Hamriya7+75.0%AED 116.31MAED 18.24MAED 600/sqft0%
Al Musalla (Dubai)6+500.0%AED 30.00MAED 3.25MAED 819/sqft0%
Al Baraha5-50.0%AED 38.00MAED 5.70MAED 1,767/sqft0%
Hor Al Anz5+25.0%AED 3.20MAED 500KAED 223/sqft0%
Al Dhagaya4+300.0%AED 4.53MAED 1.23MAED 1,192/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 116.31M7
Um SuqaimAED 70.09M36
MirdifAED 64.57M110
Zareeba DuviyaAED 61.00M1
JumeirahAED 50.79M13
Al RaffaAED 38.48M3
Al BarahaAED 38.00M5
Al HudaibaAED 36.33M4
Port SaeedAED 32.81M3
Al Musalla (Dubai)AED 30.00M6

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
Mirdif110+18.3%

The largest sales of Q4 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
4 Nov 1998Zareeba Duviya—LandExisting PropertiesNot specified35,454 sqftAED 1,721/sqftAED 61,000,000
30 Dec 1998Al Raffa—LandExisting PropertiesNot specified45,375 sqftAED 750/sqftAED 34,031,250
15 Oct 1998Al Hamriya—LandExisting PropertiesNot specified34,540 sqftAED 919/sqftAED 31,750,000
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
23 Nov 1998Jumeirah—LandExisting PropertiesNot specified64,774 sqftAED 340/sqftAED 22,000,000
8 Oct 1998Al Hamriya—LandExisting PropertiesNot specified54,865 sqftAED 374/sqftAED 20,500,000
4 Nov 1998Al Hamriya—LandExisting PropertiesNot specified22,800 sqftAED 800/sqftAED 18,240,000
5 Oct 1998Port Saeed—BuildingExisting PropertiesNot specified18,034 sqftAED 850/sqftAED 15,328,900
10 Nov 1998Al Mamzer—VillaExisting PropertiesNot specified20,212 sqftAED 742/sqftAED 15,000,000

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.