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Quarterly report

Dubai property market — Q4 2002

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2002. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales379Registered in Q4 2002up3% vs a year earlier
Total valueAED 1.12BRegistered in Q4 2002Across 67 communities
Price per sqftAED 133/sqftMedian across Q4 2002up45.7% vs a year earlier
Sale priceAED 1.00MMedian across Q4 20020% sold off-plan

In a sentence

The Land Department registered 379 property sales in Q4 2002, worth AED 1.12B in total, across 67 communities. That is 3% more than the same quarter a year earlier.

The median sale was AED 1,000,000 at AED 133/sqft, 45.7% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 52 registered sales, while Trade Center First took the most money at AED 145.00M.

Against the previous quarter, Mirdif fell 32% to 52.

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 Q4 2002, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif52-31.6%AED 64.31MAED 975KAED 70/sqft0%
Al Mizhar First17+21.4%AED 15.66MAED 750KAED 47/sqft0%
Hor Al Anz16-11.1%AED 14.76MAED 520KAED 203/sqft0%
Nad Al Hamar16+166.7%AED 12.07MAED 698KAED 51/sqft0%
Al Satwa14+75.0%AED 8.50MAED 513KAED 174/sqft0%
Abu Hail13+18.2%AED 10.20MAED 600KAED 238/sqft0%
Al Barsha Third12+20.0%AED 9.70MAED 825KAED 55/sqft0%
Al Hamriya11+1000.0%AED 40.64MAED 2.50MAED 682/sqft0%
Al Mararr10+11.1%AED 17.43MAED 1.28MAED 530/sqft0%
Al Barsha Second9-30.8%AED 7.15MAED 825KAED 55/sqft0%
Al Karama9+80.0%AED 21.08MAED 1.35MAED 531/sqft0%
Um Suqaim Second9+50.0%AED 15.86MAED 1.55MAED 126/sqft0%
Al Nahda Second8—AED 37.34MAED 2.08MAED 115/sqft0%
Al Goze First7+16.7%AED 20.25MAED 406KAED 94/sqft0%
Al Manara7+250.0%AED 14.18MAED 1.65MAED 115/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
Port SaeedAED 75.00M1
NaifAED 64.85M7
MirdifAED 64.31M52
Al MurqabatAED 62.76M6
Al RaffaAED 59.70M7
AL QUSAISAED 45.18M6
Al HamriyaAED 40.64M11
Al Nahda SecondAED 37.34M8
Al Barsha FirstAED 29.08M5

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
Mirdif52-31.6%

The largest sales of Q4 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
18 Nov 2002Port Saeed—BuildingExisting PropertiesNot specified44,325 sqftAED 1,692/sqftAED 75,000,000
18 Nov 2002Naif—BuildingExisting PropertiesNot specified10,443 sqftAED 3,016/sqftAED 31,500,000
16 Dec 2002Naif—BuildingExisting PropertiesNot specified3,060 sqftAED 8,987/sqftAED 27,500,000
13 Nov 2002AL QUSAIS—BuildingExisting PropertiesNot specified41,100 sqftAED 645/sqftAED 26,500,000
20 Nov 2002Al Ras—BuildingExisting PropertiesNot specified10,008 sqftAED 2,198/sqftAED 22,000,000
11 Nov 2002Hor Al Anz East—BuildingExisting PropertiesNot specified72,802 sqftAED 288/sqftAED 21,000,000
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

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.