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Quarterly report

Dubai property market — Q2 2002

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2002. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales604Registered in Q2 2002up45.9% vs a year earlier
Total valueAED 1.42BRegistered in Q2 2002Across 76 communities
Price per sqftAED 104/sqftMedian across Q2 2002up4.3% vs a year earlier
Sale priceAED 960KMedian across Q2 20020% sold off-plan

In a sentence

The Land Department registered 604 property sales in Q2 2002, worth AED 1.42B in total, across 76 communities. That is 46% more than the same quarter a year earlier.

The median sale was AED 960,000 at AED 104/sqft, 4.3% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 101 registered sales, while Al Barsha First took the most money at AED 163.61M.

Against the previous quarter, Mirdif fell 47% to 101.

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 Q2 2002, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif101-47.1%AED 108.81MAED 750KAED 73/sqft0%
Al Barsha Third30+76.5%AED 22.57MAED 861KAED 59/sqft0%
Al Barsha Second21+110.0%AED 14.71MAED 790KAED 55/sqft0%
Al Barsha First19+90.0%AED 163.61MAED 7.95MAED 365/sqft0%
Nad Al Hamar19-5.0%AED 13.02MAED 670KAED 44/sqft0%
Al Khawaneej18+200.0%AED 40.42MAED 1.12MAED 22/sqft0%
Al Manara17+21.4%AED 30.10MAED 1.56MAED 100/sqft0%
Al Satwa17+142.9%AED 12.84MAED 500KAED 180/sqft0%
Hor Al Anz17+70.0%AED 36.14MAED 1.00MAED 326/sqft0%
Abu Hail16+128.6%AED 11.94MAED 592KAED 161/sqft0%
Al Mizhar Second16+100.0%AED 12.78MAED 701KAED 36/sqft0%
Um Suqaim Second150.0%AED 49.26MAED 1.35MAED 135/sqft0%
Al Warqa Third14+16.7%AED 6.13MAED 425KAED 33/sqft0%
Al Rashidiya13+85.7%AED 6.99MAED 460KAED 83/sqft0%
Um Al Sheif13+225.0%AED 25.85MAED 1.43MAED 95/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 Barsha FirstAED 163.61M19
Trade Center FirstAED 116.00M2
MirdifAED 108.81M101
Um Suqaim SecondAED 49.26M15
Al KaramaAED 48.65M10
Al ButeenAED 47.50M5
Al MurqabatAED 45.89M10
Hor Al Anz EastAED 43.57M5
Al Suq Al KabeerAED 43.45M6
Al KhawaneejAED 40.42M18

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
Mirdif101-47.1%

The largest sales of Q2 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
26 Jun 2002Trade Center First—BuildingExisting PropertiesNot specified40,000 sqftAED 1,900/sqftAED 76,000,000
11 Jun 2002Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 4,000/sqftAED 40,000,000
1 Apr 2002Al Suq Al Kabeer—BuildingExisting PropertiesNot specified10,344 sqftAED 2,852/sqftAED 29,500,000
25 Jun 2002Jumeirah First—VillaExisting PropertiesNot specified100,073 sqftAED 280/sqftAED 28,000,000
23 Apr 2002Al Murqabat—BuildingExisting PropertiesNot specified20,000 sqftAED 1,350/sqftAED 27,000,000
8 Apr 2002Port Saeed—BuildingExisting PropertiesNot specified28,786 sqftAED 800/sqftAED 23,028,800
29 Apr 2002Hor Al Anz East—BuildingExisting PropertiesNot specified33,300 sqftAED 691/sqftAED 23,000,000
29 Apr 2002Al Barsha First—BuildingExisting PropertiesNot specified44,976 sqftAED 435/sqftAED 19,564,560
1 Apr 2002Al Buteen—LandExisting PropertiesNot specified5,139 sqftAED 3,211/sqftAED 16,500,000
15 Apr 2002Al Saffa Second—VillaExisting PropertiesNot specified51,667 sqftAED 310/sqftAED 16,000,000

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.