← All reports

Monthly report

Dubai property market — May 1999

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

Sales94Registered in May 1999down60.2% vs a year earlier
Total valueAED 233.75MRegistered in May 1999Across 35 communities
Price per sqftAED 166/sqftMedian across May 1999up89.9% vs a year earlier
Sale priceAED 800KMedian across May 19990% sold off-plan

In a sentence

The Land Department registered 94 property sales in May 1999, worth AED 233.75M in total, across 35 communities. That is 60% fewer than the same month a year earlier.

The median sale was AED 800,000 at AED 166/sqft, 89.9% 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 35.30M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif21+50.0%AED 12.38MAED 380KAED 41/sqft0%
Hor Al Anz6+100.0%AED 3.44MAED 485KAED 261/sqft0%
Hor Al Anz East6+50.0%AED 3.59MAED 575KAED 203/sqft0%
Al Karama5—AED 20.95MAED 2.00MAED 659/sqft0%
Um Suqaim5-16.7%AED 20.42MAED 975KAED 65/sqft0%
Al Dhagaya4+300.0%AED 11.25MAED 2.25MAED 909/sqft0%
Al Khawaneej4+300.0%AED 6.92MAED 1.23MAED 17/sqft0%
Abu Hail3-62.5%AED 2.42MAED 770KAED 385/sqft0%
Al Barsha3-25.0%AED 1.57MAED 567KAED 35/sqft0%
Al Kifaf3—AED 35.30MAED 7.80MAED 500/sqft0%
Al Satwa3+200.0%AED 1.91MAED 800KAED 267/sqft0%
Jumeirah Third3—AED 9.45MAED 600KAED 103/sqft0%
Al Nahda Second2—AED 5.16MAED 2.58MAED 121/sqft0%
Al Safaa2—AED 5.15MAED 2.58MAED 172/sqft0%
Al Waheda2—AED 3.62MAED 1.81MAED 184/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 35.30M3
Burj KhalifaAED 21.00M1
Al KaramaAED 20.95M5
Um SuqaimAED 20.42M5
Oud MethaAED 16.70M1
Al KhabeesiAED 15.63M1
MirdifAED 12.38M21
Al DhagayaAED 11.25M4
Jumeirah ThirdAED 9.45M3
Rega Al ButeenAED 9.29M2

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 May 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
24 May 1999Al Kifaf—LandExisting PropertiesNot specified50,000 sqftAED 450/sqftAED 22,500,000
10 May 1999Burj Khalifa—LandExisting PropertiesNot specified30,000 sqftAED 700/sqftAED 21,000,000
10 May 1999Um Suqaim—LandExisting PropertiesNot specified82,467 sqftAED 212/sqftAED 17,500,000
12 May 1999Oud Metha—BuildingExisting PropertiesNot specified27,978 sqftAED 597/sqftAED 16,700,000
25 May 1999Al Khabeesi—LandExisting PropertiesNot specified31,268 sqftAED 500/sqftAED 15,634,000
4 May 1999Al Karama—BuildingExisting PropertiesNot specified11,176 sqftAED 1,163/sqftAED 13,000,000
31 May 1999Rega Al Buteen—LandExisting PropertiesNot specified7,856 sqftAED 1,081/sqftAED 8,490,000
17 May 1999Jumeirah Third—VillaExisting PropertiesNot specified42,134 sqftAED 198/sqftAED 8,350,000
25 May 1999Al Kifaf—LandExisting PropertiesNot specified8,864 sqftAED 880/sqftAED 7,800,000
5 May 1999Al Dhagaya—LandExisting PropertiesNot specified2,885 sqftAED 2,149/sqftAED 6,200,000

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.