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Monthly report

Dubai property market — February 2003

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

Sales122Registered in February 2003down33.7% vs a year earlier
Total valueAED 539.86MRegistered in February 2003Across 42 communities
Price per sqftAED 120/sqftMedian across February 2003up39.8% vs a year earlier
Sale priceAED 1.09MMedian across February 20030% sold off-plan

In a sentence

The Land Department registered 122 property sales in February 2003, worth AED 539.86M in total, across 42 communities. That is 34% fewer than the same month a year earlier.

The median sale was AED 1,090,000 at AED 120/sqft, 39.8% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 30 registered sales, while Al Safouh Second took the most money at AED 229.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif30+36.4%AED 38.23MAED 1.15MAED 91/sqft0%
Al Barsha Second7+250.0%AED 5.98MAED 855KAED 57/sqft0%
Al Satwa60.0%AED 7.84MAED 1.24MAED 110/sqft0%
Hor Al Anz5+25.0%AED 4.55MAED 500KAED 175/sqft0%
Um Suqaim Second5-16.7%AED 10.41MAED 1.20MAED 194/sqft0%
Al Saffa Second4—AED 270KAED 68KAED 120/sqft0%
Al Safouh Second4+33.3%AED 229.00MAED 18.00MAED 303/sqft0%
Al Twar Fourth4+100.0%AED 1.34MAED 375KAED 31/sqft0%
Al Barsha Third3-40.0%AED 2.52MAED 795KAED 53/sqft0%
Al Hamriya3+200.0%AED 2.95MAED 930KAED 338/sqft0%
Al Khawaneej First3+200.0%AED 5.79MAED 880KAED 44/sqft0%
Al Raffa3+50.0%AED 9.95MAED 3.90MAED 390/sqft0%
Al Suq Al Kabeer30.0%AED 7.12MAED 1.55MAED 499/sqft0%
Mankhool3+50.0%AED 34.94MAED 11.62MAED 650/sqft0%
Um Suqaim First3+200.0%AED 4.67MAED 1.56MAED 120/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 Safouh SecondAED 229.00M4
MirdifAED 38.23M30
Al Goze Industrial FirstAED 35.64M1
MankhoolAED 34.94M3
Al KaramaAED 21.80M2
Al Barsha FirstAED 18.00M1
Marsa DubaiAED 15.00M1
NaifAED 12.80M2
Al Nahda FirstAED 12.36M1
AL QUSAISAED 11.00M1

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 February 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
17 Feb 2003Al Safouh Second—Site AVillaExisting PropertiesNot specified1,097,631 sqftAED 164/sqftAED 180,000,000
24 Feb 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified248,997 sqftAED 143/sqftAED 35,640,000
17 Feb 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified59,922 sqftAED 384/sqftAED 23,000,000
24 Feb 2003Al Karama—BuildingExisting PropertiesNot specified14,800 sqftAED 1,385/sqftAED 20,500,000
19 Feb 2003Al Barsha First—BuildingExisting PropertiesNot specified17,250 sqftAED 1,043/sqftAED 18,000,000
24 Feb 2003Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,401 sqftAED 401/sqftAED 15,000,000
17 Feb 2003Mankhool—BuildingExisting PropertiesNot specified21,802 sqftAED 650/sqftAED 14,171,300
26 Feb 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 300/sqftAED 13,000,000
26 Feb 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified42,473 sqftAED 306/sqftAED 13,000,000
24 Feb 2003Al Nahda First—BuildingExisting PropertiesNot specified38,618 sqftAED 320/sqftAED 12,360,000

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.