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Monthly report

Dubai property market — February 2002

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2002. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales184Registered in February 2002up58.6% vs a year earlier
Total valueAED 437.40MRegistered in February 2002Across 47 communities
Price per sqftAED 86/sqftMedian across February 2002up7.3% vs a year earlier
Sale priceAED 995KMedian across February 20020% sold off-plan

In a sentence

The Land Department registered 184 property sales in February 2002, worth AED 437.40M in total, across 47 communities. That is 59% more than the same month a year earlier.

The median sale was AED 995,000 at AED 86/sqft, 7.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 62 registered sales, and also took the most money at AED 74.39M.

Against the previous month, Mirdif fell 9% to 62.

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 February 2002, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif62-8.8%AED 74.39MAED 813KAED 65/sqft0%
Um Suqaim Second10+150.0%AED 29.59MAED 2.33MAED 152/sqft0%
Al Manara7+75.0%AED 10.10MAED 1.30MAED 91/sqft0%
Al Barsha Second6+100.0%AED 7.10MAED 965KAED 50/sqft0%
Al Barsha First5+150.0%AED 28.47MAED 6.00MAED 400/sqft0%
Al Barsha Third50.0%AED 3.85MAED 720KAED 48/sqft0%
Um Suqaim5-50.0%AED 14.34MAED 2.64MAED 120/sqft0%
Al Karama4+300.0%AED 34.35MAED 6.10MAED 764/sqft0%
Al Satwa4+300.0%AED 2.85MAED 600KAED 209/sqft0%
Al Warqa Third4+100.0%AED 1.60MAED 378KAED 31/sqft0%
Muhaisanah First4—AED 2.65MAED 511KAED 35/sqft0%
Al Baraha3—AED 3.38MAED 1.49MAED 300/sqft0%
Al Muteena30.0%AED 11.88MAED 1.20MAED 130/sqft0%
Al Saffa Second3-25.0%AED 5.02MAED 1.27MAED 85/sqft0%
Al Thanayah Fourth3+50.0%AED 7.87MAED 2.70MAED 119/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
MirdifAED 74.39M62
Oud MethaAED 37.50M1
Al KaramaAED 34.35M4
Port SaeedAED 34.34M1
Um Suqaim SecondAED 29.59M10
Al Barsha FirstAED 28.47M5
Al ButeenAED 25.00M2
Al MurqabatAED 23.80M2
Um SuqaimAED 14.34M5
Um Hurair FirstAED 13.87M1

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
Mirdif62-8.8%

The largest sales of February 2002

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
13 Feb 2002Oud Metha—BuildingExisting PropertiesNot specified28,775 sqftAED 1,303/sqftAED 37,500,000
18 Feb 2002Port Saeed—BuildingExisting PropertiesNot specified42,140 sqftAED 815/sqftAED 34,344,100
18 Feb 2002Al Karama—BuildingExisting PropertiesNot specified20,000 sqftAED 1,050/sqftAED 21,000,000
11 Feb 2002Al Buteen—BuildingExisting PropertiesNot specified4,017 sqftAED 4,481/sqftAED 18,000,000
26 Feb 2002Al Murqabat—LandExisting PropertiesNot specified10,852 sqftAED 1,382/sqftAED 15,000,000
18 Feb 2002Um Hurair First—BuildingExisting PropertiesNot specified25,217 sqftAED 550/sqftAED 13,869,350
11 Feb 2002Al Karama—BuildingExisting PropertiesNot specified11,400 sqftAED 956/sqftAED 10,900,000
18 Feb 2002Al Muteena—BuildingExisting PropertiesNot specified16,062 sqftAED 654/sqftAED 10,500,000
18 Feb 2002Al Barsha First—BuildingExisting PropertiesNot specified24,750 sqftAED 420/sqftAED 10,395,000
4 Feb 2002Al Barsha First—LandExisting PropertiesNot specified126,000 sqftAED 72/sqftAED 9,072,000

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.