← All reports

Monthly report

Dubai property market — August 2002

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

Sales80Registered in August 2002down7% vs a year earlier
Total valueAED 122.67MRegistered in August 2002Across 30 communities
Price per sqftAED 100/sqftMedian across August 2002down11.6% vs a year earlier
Sale priceAED 900KMedian across August 20020% sold off-plan

In a sentence

The Land Department registered 80 property sales in August 2002, worth AED 122.67M in total, across 30 communities. That is 7% fewer than the same month a year earlier.

The median sale was AED 900,000 at AED 100/sqft, 11.6% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 18 registered sales, while Al Raffa took the most money at AED 25.94M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif18-57.1%AED 24.67MAED 1.07MAED 73/sqft0%
Al Mizhar First7+75.0%AED 5.35MAED 675KAED 45/sqft0%
Al Barsha Third6+100.0%AED 5.01MAED 863KAED 60/sqft0%
Al Raffa4—AED 25.94MAED 7.10MAED 522/sqft0%
Um Al Sheif4—AED 5.63MAED 1.40MAED 94/sqft0%
Abu Hail3-50.0%AED 1.29MAED 440KAED 176/sqft0%
Al Barsha Second3-57.1%AED 2.55MAED 900KAED 60/sqft0%
Al Mizhar Second3-78.6%AED 2.60MAED 780KAED 39/sqft0%
Hor Al Anz3-57.1%AED 4.28MAED 1.80MAED 271/sqft0%
Al Bada2+100.0%AED 653KAED 327KAED 171/sqft0%
Al Rashidiya2-33.3%AED 969KAED 484KAED 86/sqft0%
Al Satwa2-50.0%AED 2.17MAED 1.08MAED 237/sqft0%
Al Warqa Third2-71.4%AED 870KAED 435KAED 37/sqft0%
Jumeirah Third2-33.3%AED 2.30MAED 1.15MAED 116/sqft0%
Muhaisanah First2—AED 2.35MAED 1.18MAED 71/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 RaffaAED 25.94M4
MirdifAED 24.67M18
Al KhabeesiAED 12.50M1
Um Al SheifAED 5.63M4
Al ManaraAED 5.60M1
Al Mizhar FirstAED 5.35M7
Al Barsha ThirdAED 5.01M6
Hor Al AnzAED 4.28M3
Al RasAED 4.10M1
Um Suqaim ThirdAED 3.95M2

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 August 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
19 Aug 2002Al Khabeesi—BuildingExisting PropertiesNot specified16,672 sqftAED 750/sqftAED 12,500,000
5 Aug 2002Al Raffa—BuildingExisting PropertiesNot specified18,447 sqftAED 577/sqftAED 10,644,740
26 Aug 2002Al Raffa—BuildingExisting PropertiesNot specified20,000 sqftAED 420/sqftAED 8,400,000
12 Aug 2002Mirdif—VillaExisting PropertiesNot specified20,202 sqftAED 308/sqftAED 6,230,000
5 Aug 2002Al Raffa—BuildingExisting PropertiesNot specified4,546 sqftAED 1,274/sqftAED 5,792,500
5 Aug 2002Al Manara—LandExisting PropertiesNot specified40,000 sqftAED 140/sqftAED 5,600,000
26 Aug 2002Al Ras—LandExisting PropertiesNot specified2,806 sqftAED 1,461/sqftAED 4,100,000
12 Aug 2002Mirdif—VillaExisting PropertiesNot specified10,077 sqftAED 292/sqftAED 2,938,645
14 Aug 2002Um Suqaim Third—VillaExisting PropertiesNot specified15,500 sqftAED 181/sqftAED 2,800,000
13 Aug 2002Mirdif—VillaExisting PropertiesNot specified15,000 sqftAED 180/sqftAED 2,700,000

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.