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Monthly report

Dubai property market — January 2003

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

Sales145Registered in January 2003down29.6% vs a year earlier
Total valueAED 642.28MRegistered in January 2003Across 55 communities
Price per sqftAED 139/sqftMedian across January 2003up83.4% vs a year earlier
Sale priceAED 1.15MMedian across January 20030% sold off-plan

In a sentence

The Land Department registered 145 property sales in January 2003, worth AED 642.28M in total, across 55 communities. That is 30% fewer than the same month a year earlier.

The median sale was AED 1,150,000 at AED 139/sqft, 83.4% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 22 registered sales, while Mankhool took the most money at AED 144.50M.

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 January 2003, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif220.0%AED 43.81MAED 1.35MAED 166/sqft0%
Al Mizhar Second7—AED 5.98MAED 910KAED 46/sqft0%
Al Satwa6+100.0%AED 4.75MAED 565KAED 197/sqft0%
Um Suqaim Second6+100.0%AED 7.10MAED 1.00MAED 148/sqft0%
Al Barsha Third50.0%AED 3.64MAED 750KAED 55/sqft0%
Al Karama5+66.7%AED 34.48MAED 3.70MAED 620/sqft0%
Al Manara4+33.3%AED 11.81MAED 2.21MAED 128/sqft0%
Al Safouh First4—AED 24.70MAED 5.85MAED 171/sqft0%
Hor Al Anz4-60.0%AED 2.16MAED 400KAED 181/sqft0%
Jabal Ali4—AED 96.00MAED 24.00MAED 326/sqft0%
Nad Al Hamar4-42.9%AED 3.02MAED 750KAED 47/sqft0%
Um Al Sheif4+100.0%AED 6.98MAED 1.43MAED 95/sqft0%
Wadi Al Amardi4+100.0%AED 13.94MAED 3.06MAED 14/sqft0%
Abu Hail3-40.0%AED 905KAED 385KAED 160/sqft0%
Al Mararr3-25.0%AED 7.33MAED 2.70MAED 1,371/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
MankhoolAED 144.50M2
Jabal AliAED 96.00M4
Al Safouh SecondAED 76.50M3
MirdifAED 43.81M22
Al KaramaAED 34.48M5
Al Safouh FirstAED 24.70M4
AL QUSAISAED 23.30M2
Al MurqabatAED 17.40M2
Wadi Al AmardiAED 13.94M4
Al RaffaAED 13.70M2

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 January 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
6 Jan 2003Mankhool—BuildingExisting PropertiesNot specified30,359 sqftAED 2,783/sqftAED 84,500,000
29 Jan 2003Mankhool—BuildingExisting PropertiesNot specified21,951 sqftAED 2,733/sqftAED 60,000,000
13 Jan 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified121,134 sqftAED 227/sqftAED 27,500,000
27 Jan 2003Al Safouh SecondICONICSite ALandExisting PropertiesNot specified68,547 sqftAED 365/sqftAED 25,000,000
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified73,267 sqftAED 328/sqftAED 24,000,000
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified67,570 sqftAED 355/sqftAED 24,000,000
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified73,981 sqftAED 324/sqftAED 24,000,000
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified74,345 sqftAED 323/sqftAED 24,000,000
13 Jan 2003Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 423/sqftAED 24,000,000
27 Jan 2003AL QUSAIS—BuildingExisting PropertiesNot specified36,000 sqftAED 556/sqftAED 20,000,000

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.