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Quarterly report

Dubai property market — Q1 2002

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2002. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales574Registered in Q1 2002up77.7% vs a year earlier
Total valueAED 1.25BRegistered in Q1 2002Across 70 communities
Price per sqftAED 80/sqftMedian across Q1 2002up4.5% vs a year earlier
Sale priceAED 914KMedian across Q1 20020% sold off-plan

In a sentence

The Land Department registered 574 property sales in Q1 2002, worth AED 1.25B in total, across 70 communities. That is 78% more than the same quarter a year earlier.

The median sale was AED 913,840 at AED 80/sqft, 4.5% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 191 registered sales, and also took the most money at AED 205.03M.

Against the previous quarter, Mirdif rose 117% to 191 sales.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2002, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif191+117.0%AED 205.03MAED 825KAED 65/sqft0%
Nad Al Hamar20+122.2%AED 11.06MAED 545KAED 37/sqft0%
Al Barsha Third17+54.5%AED 13.75MAED 780KAED 52/sqft0%
Um Suqaim15+25.0%AED 36.47MAED 2.64MAED 150/sqft0%
Um Suqaim Second15+114.3%AED 35.29MAED 1.60MAED 163/sqft0%
Al Manara140.0%AED 22.07MAED 1.37MAED 89/sqft0%
Jumeirah Third14+100.0%AED 46.17MAED 1.76MAED 147/sqft0%
Al Mizhar First13+550.0%AED 12.42MAED 525KAED 38/sqft0%
Al Thanayah Fourth12+20.0%AED 31.68MAED 2.53MAED 118/sqft0%
Al Warqa Third12+71.4%AED 4.21MAED 338KAED 28/sqft0%
Um Suqaim First11+57.1%AED 34.31MAED 1.68MAED 187/sqft0%
Al Barsha First10+42.9%AED 81.68MAED 7.54MAED 325/sqft0%
Al Barsha Second10-33.3%AED 9.16MAED 738KAED 48/sqft0%
Al Waheda10+150.0%AED 5.72MAED 395KAED 123/sqft0%
Hor Al Anz10+66.7%AED 5.80MAED 440KAED 186/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 205.03M191
Al Barsha FirstAED 81.68M10
Al MurqabatAED 79.37M5
Al ButeenAED 70.80M8
Port SaeedAED 66.66M3
MankhoolAED 48.20M5
Jumeirah ThirdAED 46.17M14
Oud MethaAED 42.10M2
Al KaramaAED 37.05M6
NaifAED 36.50M6

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Mirdif191+117.0%

The largest sales of Q1 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
13 Feb 2002Oud Metha—BuildingExisting PropertiesNot specified28,775 sqftAED 1,303/sqftAED 37,500,000
18 Feb 2002Port Saeed—BuildingExisting PropertiesNot specified42,140 sqftAED 815/sqftAED 34,344,100
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
14 Jan 2002Naif—BuildingExisting PropertiesNot specified3,060 sqftAED 7,190/sqftAED 22,000,000
18 Feb 2002Al Karama—BuildingExisting PropertiesNot specified20,000 sqftAED 1,050/sqftAED 21,000,000
13 Mar 2002Al Barsha First—LandExisting PropertiesNot specified56,955 sqftAED 350/sqftAED 19,934,250
11 Feb 2002Al Buteen—BuildingExisting PropertiesNot specified4,017 sqftAED 4,481/sqftAED 18,000,000
11 Mar 2002Jumeirah Third—VillaExisting PropertiesNot specified44,000 sqftAED 386/sqftAED 17,000,000
14 Jan 2002Al Raffa—BuildingExisting PropertiesNot specified26,063 sqftAED 650/sqftAED 16,940,950

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.