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Annual report

Dubai property market — 2003

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2003. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,066Registered in 2003up7.8% vs the year before
Total valueAED 6.49BRegistered in 2003Across 101 communities
Price per sqftAED 125/sqftMedian across 2003up25% vs the year before
Sale priceAED 1.00MMedian across 20030% sold off-plan

In a sentence

The Land Department registered 2,066 property sales in 2003, worth AED 6.49B in total, across 101 communities. That is 8% more than the year before.

The median sale was AED 1,000,000 at AED 125/sqft, 25% above the year before. 0% of sales were off-plan.

Mirdif was the busiest community with 298 registered sales, while Trade Center First took the most money at AED 600.00M.

Against the previous year, Al Barsha Second rose 96% to 104 sales, while Mirdif fell 29% to 298.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2003, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif298-29.0%AED 476.31MAED 1.20MAED 95/sqft0%
Al Barsha Second104+96.2%AED 90.15MAED 818KAED 55/sqft0%
Al Satwa100+117.4%AED 79.65MAED 610KAED 220/sqft0%
Nad Al Hamar89+45.9%AED 105.44MAED 690KAED 47/sqft0%
Al Barsha Third88+27.5%AED 78.33MAED 825KAED 55/sqft0%
Hor Al Anz73+19.7%AED 54.98MAED 500KAED 207/sqft0%
Abu Hail52+10.6%AED 40.12MAED 595KAED 202/sqft0%
Al Mizhar First52+8.3%AED 48.06MAED 788KAED 53/sqft0%
Al Warqa Third49+19.5%AED 25.74MAED 500KAED 42/sqft0%
Um Suqaim Second49+8.9%AED 114.92MAED 1.65MAED 155/sqft0%
Al Mizhar Second440.0%AED 45.67MAED 950KAED 48/sqft0%
Naif43+72.0%AED 111.23MAED 1.00MAED 512/sqft0%
Al Manara38-5.0%AED 101.05MAED 1.70MAED 112/sqft0%
Al Mararr36+20.0%AED 86.45MAED 2.02MAED 627/sqft0%
Al Rashidiya36-5.3%AED 17.74MAED 495KAED 99/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 600.00M1
MirdifAED 476.31M298
MankhoolAED 415.32M23
Al Safouh SecondAED 329.50M8
Al MurqabatAED 243.37M29
Al KaramaAED 224.25M34
Oud MethaAED 220.99M10
Jabal AliAED 205.26M12
Marsa DubaiAED 156.78M8
Port SaeedAED 139.81M9

Biggest movers

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

CommunitySalesChange
Al Barsha Second104+96.2%
Nad Al Hamar89+45.9%
Mirdif298-29.0%
Al Barsha Third88+27.5%
Hor Al Anz73+19.7%

The largest sales of 2003

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
27 Oct 2003Trade Center First—BuildingExisting PropertiesNot specified60,000 sqftAED 10,000/sqftAED 600,000,000
17 Feb 2003Al Safouh Second—Site AVillaExisting PropertiesNot specified1,097,631 sqftAED 164/sqftAED 180,000,000
6 Jan 2003Mankhool—BuildingExisting PropertiesNot specified30,359 sqftAED 2,783/sqftAED 84,500,000
21 Jul 2003Mankhool—BuildingExisting PropertiesNot specified28,160 sqftAED 2,445/sqftAED 68,850,000
21 May 2003Mankhool—BuildingExisting PropertiesNot specified27,180 sqftAED 2,465/sqftAED 67,000,000
21 Apr 2003Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 65/sqftAED 65,256,157
12 Mar 2003Al Murqabat—BuildingExisting PropertiesNot specified23,422 sqftAED 2,668/sqftAED 62,500,000
29 Jan 2003Mankhool—BuildingExisting PropertiesNot specified21,951 sqftAED 2,733/sqftAED 60,000,000
14 May 2003Oud Metha—BuildingExisting PropertiesNot specified49,157 sqftAED 1,119/sqftAED 55,000,000
1 Jul 2003Rega Al Buteen—BuildingExisting PropertiesNot specified12,269 sqftAED 4,238/sqftAED 52,000,000

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.