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Monthly report

Dubai property market — March 2002

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

Sales184Registered in March 2002up85.9% vs a year earlier
Total valueAED 421.11MRegistered in March 2002Across 52 communities
Price per sqftAED 78/sqftMedian across March 2002up41.8% vs a year earlier
Sale priceAED 904KMedian across March 20020% sold off-plan

In a sentence

The Land Department registered 184 property sales in March 2002, worth AED 421.11M in total, across 52 communities. That is 86% more than the same month a year earlier.

The median sale was AED 903,898 at AED 78/sqft, 41.8% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 61 registered sales, and also took the most money at AED 62.81M.

Against the previous month, Mirdif fell 2% to 61.

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 2002, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif61-1.6%AED 62.81MAED 900KAED 66/sqft0%
Nad Al Hamar14+1300.0%AED 7.33MAED 560KAED 38/sqft0%
Al Barsha Third7+40.0%AED 6.01MAED 780KAED 52/sqft0%
Al Thanayah Fourth7+133.3%AED 19.56MAED 2.91MAED 117/sqft0%
Al Mizhar First6+200.0%AED 9.56MAED 1.60MAED 40/sqft0%
Al Warqa Third6+50.0%AED 2.02MAED 330KAED 28/sqft0%
Jumeirah Third6+100.0%AED 25.52MAED 1.91MAED 178/sqft0%
Abu Hail4+100.0%AED 1.31MAED 295KAED 148/sqft0%
Al Waheda4+100.0%AED 2.72MAED 575KAED 123/sqft0%
Um Suqaim Third4+300.0%AED 5.74MAED 1.41MAED 136/sqft0%
Al Barsha First3-40.0%AED 42.13MAED 12.30MAED 300/sqft0%
Al Manara3-57.1%AED 6.36MAED 2.46MAED 60/sqft0%
Al Muteena30.0%AED 5.65MAED 850KAED 395/sqft0%
Al Suq Al Kabeer3—AED 4.38MAED 1.51MAED 370/sqft0%
Al Twar Fourth30.0%AED 1.05MAED 350KAED 29/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 62.81M61
Al Barsha FirstAED 42.13M3
MankhoolAED 29.00M1
Jumeirah ThirdAED 25.52M6
Al MurqabatAED 24.50M1
Al ButeenAED 24.00M2
Al Thanayah FourthAED 19.56M7
Al WaslAED 16.52M2
Port SaeedAED 15.96M1
Um Suqaim FirstAED 15.81M3

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
Mirdif61-1.6%

The largest sales of March 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
25 Mar 2002Mankhool—BuildingExisting PropertiesNot specified20,635 sqftAED 1,405/sqftAED 29,000,000
26 Mar 2002Al Murqabat—BuildingExisting PropertiesNot specified7,074 sqftAED 3,463/sqftAED 24,500,000
13 Mar 2002Al Barsha First—LandExisting PropertiesNot specified56,955 sqftAED 350/sqftAED 19,934,250
11 Mar 2002Jumeirah Third—VillaExisting PropertiesNot specified44,000 sqftAED 386/sqftAED 17,000,000
11 Mar 2002Port Saeed—BuildingExisting PropertiesNot specified21,279 sqftAED 750/sqftAED 15,959,250
11 Mar 2002Al Wasl—LandExisting PropertiesNot specified25,000 sqftAED 585/sqftAED 14,625,000
26 Mar 2002Al Buteen—BuildingExisting PropertiesNot specified1,823 sqftAED 7,131/sqftAED 13,000,000
6 Mar 2002Al Barsha First—BuildingExisting PropertiesNot specified150,000 sqftAED 82/sqftAED 12,300,000
11 Mar 2002Al Nahda First—BuildingExisting PropertiesNot specified38,618 sqftAED 285/sqftAED 11,000,000
18 Mar 2002Al Buteen—BuildingExisting PropertiesNot specified1,823 sqftAED 6,034/sqftAED 11,000,000

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.