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Monthly report

Dubai property market — October 2002

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

Sales138Registered in October 2002up0.7% vs a year earlier
Total valueAED 412.85MRegistered in October 2002Across 47 communities
Price per sqftAED 146/sqftMedian across October 2002up71.6% vs a year earlier
Sale priceAED 965KMedian across October 20020% sold off-plan

In a sentence

The Land Department registered 138 property sales in October 2002, worth AED 412.85M in total, across 47 communities. That is 1% more than the same month a year earlier.

The median sale was AED 965,000 at AED 146/sqft, 71.6% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 18 registered sales, while Trade Center First took the most money at AED 145.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif18+12.5%AED 15.56MAED 859KAED 70/sqft0%
Nad Al Hamar8+60.0%AED 5.85MAED 698KAED 46/sqft0%
Al Karama6+200.0%AED 12.35MAED 1.18MAED 531/sqft0%
Al Mizhar First6+100.0%AED 4.46MAED 743KAED 47/sqft0%
Al Satwa6+200.0%AED 3.04MAED 505KAED 154/sqft0%
Mankhool6+500.0%AED 6.69MAED 1.10MAED 120/sqft0%
Al Barsha First5+150.0%AED 29.08MAED 5.25MAED 85/sqft0%
Al Barsha Third5+400.0%AED 4.00MAED 825KAED 55/sqft0%
Al Mararr5+25.0%AED 7.24MAED 1.06MAED 504/sqft0%
Al Hamriya4—AED 19.83MAED 2.65MAED 727/sqft0%
Al Raffa4+33.3%AED 14.00MAED 3.75MAED 375/sqft0%
Al Suq Al Kabeer4+300.0%AED 6.43MAED 1.58MAED 330/sqft0%
Um Suqaim Second40.0%AED 8.53MAED 1.36MAED 142/sqft0%
Al Bada3+200.0%AED 1.20MAED 475KAED 198/sqft0%
Al Barsha Second30.0%AED 2.87MAED 945KAED 63/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
Trade Center FirstAED 145.00M1
Al Barsha FirstAED 29.08M5
Al MurqabatAED 20.80M2
Marsa DubaiAED 20.00M2
Al HamriyaAED 19.83M4
Al Nahda SecondAED 18.23M2
MirdifAED 15.56M18
Al RaffaAED 14.00M4
Al KaramaAED 12.35M6
Al ButeenAED 10.50M1

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 October 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 Oct 2002Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 14,500/sqftAED 145,000,000
14 Oct 2002Al Nahda Second—BuildingExisting PropertiesNot specified27,992 sqftAED 589/sqftAED 16,500,000
28 Oct 2002Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified76,486 sqftAED 196/sqftAED 15,000,000
14 Oct 2002Al Hamriya—BuildingExisting PropertiesNot specified16,847 sqftAED 772/sqftAED 13,000,000
30 Oct 2002Al Barsha First—VillaExisting PropertiesNot specified36,049 sqftAED 305/sqftAED 11,000,000
28 Oct 2002Al Murqabat—BuildingExisting PropertiesNot specified7,857 sqftAED 1,400/sqftAED 11,000,000
28 Oct 2002Al Buteen—BuildingExisting PropertiesNot specified2,001 sqftAED 5,247/sqftAED 10,500,000
21 Oct 2002Al Murqabat—BuildingExisting PropertiesNot specified8,420 sqftAED 1,164/sqftAED 9,800,000
28 Oct 2002Al Dhagaya—BuildingExisting PropertiesNot specified3,493 sqftAED 2,061/sqftAED 7,200,000
28 Oct 2002Al Karama—BuildingExisting PropertiesNot specified16,580 sqftAED 400/sqftAED 6,632,000

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.