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Monthly report

Dubai property market — March 1999

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside March 1999. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales79Registered in March 1999down3.7% vs a year earlier
Total valueAED 328.37MRegistered in March 1999Across 33 communities
Price per sqftAED 118/sqftMedian across March 1999up10.4% vs a year earlier
Sale priceAED 936KMedian across March 19990% sold off-plan

In a sentence

The Land Department registered 79 property sales in March 1999, worth AED 328.37M in total, across 33 communities. That is 4% fewer than the same month a year earlier.

The median sale was AED 936,000 at AED 118/sqft, 10.4% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 21 registered sales, while Al Kifaf took the most money at AED 74.33M.

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 March 1999, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif21+5.0%AED 17.21MAED 450KAED 42/sqft0%
Um Suqaim10+100.0%AED 17.25MAED 1.52MAED 138/sqft0%
Al Satwa5+150.0%AED 3.71MAED 650KAED 143/sqft0%
Al Qoaz3+50.0%AED 3.49MAED 450KAED 55/sqft0%
Hor Al Anz30.0%AED 3.52MAED 1.10MAED 332/sqft0%
Hor Al Anz East3+200.0%AED 955KAED 320KAED 203/sqft0%
Al Barsha2-33.3%AED 1.54MAED 768KAED 53/sqft0%
Al Khabeesi2+100.0%AED 74.00MAED 37.00MAED 1,116/sqft0%
Al Khawaneej2+100.0%AED 8.92MAED 4.46MAED 21/sqft0%
Al Mizhar2—AED 2.40MAED 1.20MAED 93/sqft0%
Al Raffa2+100.0%AED 5.78MAED 2.89MAED 381/sqft0%
Al-Tawar2+100.0%AED 1.83MAED 914KAED 79/sqft0%
Zareeba Duviya2—AED 43.00MAED 21.50MAED 856/sqft0%
Abu Hail1-80.0%AED 750KAED 750KAED 300/sqft0%
Al Asbaq1—AED 14.00MAED 14.00MAED 4,295/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 KifafAED 74.33M1
Al KhabeesiAED 74.00M2
Zareeba DuviyaAED 43.00M2
Oud MethaAED 26.84M1
Um SuqaimAED 17.25M10
MirdifAED 17.21M21
Al AsbaqAED 14.00M1
Al KhawaneejAED 8.92M2
Burj NaharAED 8.50M1
Al-Murar JadeedAED 8.00M1

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 March 1999

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
31 Mar 1999Al Kifaf—LandExisting PropertiesNot specified123,885 sqftAED 600/sqftAED 74,331,000
15 Mar 1999Al Khabeesi—BuildingExisting PropertiesNot specified31,672 sqftAED 1,831/sqftAED 58,000,000
31 Mar 1999Zareeba Duviya—LandExisting PropertiesNot specified63,333 sqftAED 600/sqftAED 37,999,800
31 Mar 1999Oud Metha—LandExisting PropertiesNot specified48,800 sqftAED 550/sqftAED 26,840,000
22 Mar 1999Al Khabeesi—BuildingExisting PropertiesNot specified40,000 sqftAED 400/sqftAED 16,000,000
10 Mar 1999Al Asbaq—LandExisting PropertiesNot specified3,260 sqftAED 4,295/sqftAED 14,000,000
24 Mar 1999Burj Nahar—LandExisting PropertiesNot specified4,857 sqftAED 1,750/sqftAED 8,500,000
22 Mar 1999Al-Murar Jadeed—LandExisting PropertiesNot specified3,805 sqftAED 2,102/sqftAED 8,000,000
16 Mar 1999Al Khawaneej—LandExisting PropertiesNot specified197,352 sqftAED 30/sqftAED 5,920,560
9 Mar 1999Zareeba Duviya—LandExisting PropertiesNot specified4,500 sqftAED 1,111/sqftAED 5,000,000

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.