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Monthly report

Dubai property market — May 2002

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

Sales192Registered in May 2002up3.2% vs a year earlier
Total valueAED 349.91MRegistered in May 2002Across 53 communities
Price per sqftAED 102/sqftMedian across May 2002up28% vs a year earlier
Sale priceAED 975KMedian across May 20020% sold off-plan

In a sentence

The Land Department registered 192 property sales in May 2002, worth AED 349.91M in total, across 53 communities. That is 3% more than the same month a year earlier.

The median sale was AED 975,000 at AED 102/sqft, 28% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 33 registered sales, and also took the most money at AED 33.17M.

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 2002, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif33-10.8%AED 33.17MAED 750KAED 74/sqft0%
Nad Al Hamar11+120.0%AED 8.41MAED 670KAED 45/sqft0%
Al Manara9+125.0%AED 9.70MAED 1.56MAED 301/sqft0%
Hor Al Anz9+200.0%AED 12.81MAED 900KAED 355/sqft0%
Al Barsha Third8-52.9%AED 6.32MAED 885KAED 59/sqft0%
Al Khawaneej8+100.0%AED 19.71MAED 685KAED 22/sqft0%
Al Murqabat7+250.0%AED 15.33MAED 2.63MAED 621/sqft0%
Abu Hail6+50.0%AED 5.14MAED 680KAED 188/sqft0%
Um Al Sheif6+20.0%AED 10.84MAED 1.43MAED 97/sqft0%
Um Suqaim Second6+50.0%AED 25.98MAED 1.35MAED 119/sqft0%
Al Nahda Second5+150.0%AED 11.17MAED 1.87MAED 100/sqft0%
Al Satwa5-28.6%AED 6.52MAED 1.07MAED 75/sqft0%
Al Warqa Third50.0%AED 2.04MAED 400KAED 30/sqft0%
Al Barsha First4-69.2%AED 30.08MAED 6.59MAED 378/sqft0%
Jumeirah Second4—AED 7.04MAED 1.17MAED 167/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 33.17M33
Al Barsha FirstAED 30.08M4
Um Suqaim SecondAED 25.98M6
Al KhawaneejAED 19.71M8
Al RaffaAED 16.47M3
Al MurqabatAED 15.33M7
Oud MethaAED 15.24M2
Hor Al AnzAED 12.81M9
Al Nahda SecondAED 11.17M5
Um Al SheifAED 10.84M6

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 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
29 May 2002Al Barsha First—LandExisting PropertiesNot specified21,542 sqftAED 550/sqftAED 11,848,100
13 May 2002Um Suqaim Second—VillaExisting PropertiesNot specified31,571 sqftAED 342/sqftAED 10,800,000
13 May 2002Um Suqaim Second—VillaExisting PropertiesNot specified25,152 sqftAED 402/sqftAED 10,100,000
8 May 2002Al Khawaneej—LandExisting PropertiesNot specified524,834 sqftAED 19/sqftAED 10,000,000
13 May 2002Mankhool—LandExisting PropertiesNot specified26,347 sqftAED 310/sqftAED 8,167,570
6 May 2002Al Raffa—BuildingExisting PropertiesNot specified22,393 sqftAED 360/sqftAED 8,061,480
21 May 2002Oud Metha—BuildingExisting PropertiesNot specified16,570 sqftAED 460/sqftAED 7,622,200
21 May 2002Oud Metha—VillaExisting PropertiesNot specified16,570 sqftAED 460/sqftAED 7,622,200
29 May 2002Al Barsha First—BuildingExisting PropertiesNot specified19,500 sqftAED 390/sqftAED 7,605,000
21 May 2002Al Mararr—BuildingExisting PropertiesNot specified2,482 sqftAED 3,022/sqftAED 7,500,000

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.