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Monthly report

Dubai property market — December 2002

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

Sales138Registered in December 2002up20% vs a year earlier
Total valueAED 321.73MRegistered in December 2002Across 46 communities
Price per sqftAED 119/sqftMedian across December 2002up18.5% vs a year earlier
Sale priceAED 940KMedian across December 20020% sold off-plan

In a sentence

The Land Department registered 138 property sales in December 2002, worth AED 321.73M in total, across 46 communities. That is 20% more than the same month a year earlier.

The median sale was AED 940,000 at AED 119/sqft, 18.5% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 22 registered sales, while Al Raffa took the most money at AED 32.50M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif22+83.3%AED 26.66MAED 975KAED 68/sqft0%
Hor Al Anz10+233.3%AED 8.08MAED 475KAED 156/sqft0%
Nad Al Hamar7+600.0%AED 5.05MAED 675KAED 51/sqft0%
Abu Hail5-16.7%AED 3.16MAED 600KAED 259/sqft0%
Al Barsha Second5+400.0%AED 3.61MAED 825KAED 55/sqft0%
Al Barsha Third5+150.0%AED 3.97MAED 760KAED 51/sqft0%
Al Rashidiya5+150.0%AED 2.63MAED 550KAED 40/sqft0%
Al Goze First4+300.0%AED 18.88MAED 358KAED 83/sqft0%
Al Mararr4+300.0%AED 7.43MAED 1.57MAED 983/sqft0%
Al Mizhar First4-42.9%AED 4.18MAED 885KAED 51/sqft0%
Al Waheda4+300.0%AED 2.20MAED 500KAED 143/sqft0%
Al Karama3—AED 8.73MAED 3.70MAED 370/sqft0%
Al Manara30.0%AED 4.48MAED 1.50MAED 110/sqft0%
Al Murqabat3+200.0%AED 29.46MAED 10.46MAED 803/sqft0%
Al Nahda Second30.0%AED 6.36MAED 2.00MAED 105/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 32.50M2
Al MurqabatAED 29.46M3
NaifAED 28.35M2
MirdifAED 26.66M22
Al Goze FirstAED 18.88M4
AL QUSAISAED 12.20M2
Um Suqaim FirstAED 11.67M2
Al HamriyaAED 11.18M2
Wadi Al AmardiAED 11.00M2
Al Twar ThirdAED 9.90M2

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 December 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
16 Dec 2002Naif—BuildingExisting PropertiesNot specified3,060 sqftAED 8,987/sqftAED 27,500,000
16 Dec 2002Al Goze First—BuildingExisting PropertiesNot specified20,000 sqftAED 900/sqftAED 18,000,000
30 Dec 2002Al Raffa—BuildingExisting PropertiesNot specified10,000 sqftAED 1,750/sqftAED 17,500,000
25 Dec 2002Al Murqabat—BuildingExisting PropertiesNot specified9,925 sqftAED 1,713/sqftAED 17,000,000
24 Dec 2002Al Raffa—BuildingExisting PropertiesNot specified9,435 sqftAED 1,590/sqftAED 15,000,000
31 Dec 2002Al Murqabat—LandExisting PropertiesNot specified28,261 sqftAED 370/sqftAED 10,456,570
23 Dec 2002Um Suqaim First—VillaExisting PropertiesNot specified64,148 sqftAED 143/sqftAED 9,173,164
30 Dec 2002AL QUSAIS—BuildingExisting PropertiesNot specified16,000 sqftAED 563/sqftAED 9,000,000
24 Dec 2002Wadi Al Amardi—VillaExisting PropertiesNot specified319,800 sqftAED 25/sqftAED 8,000,000
23 Dec 2002Al Buteen—BuildingExisting PropertiesNot specified4,395 sqftAED 1,820/sqftAED 8,000,000

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.