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Monthly report

Dubai property market — March 2003

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

Sales170Registered in March 2003down7.6% vs a year earlier
Total valueAED 405.04MRegistered in March 2003Across 51 communities
Price per sqftAED 118/sqftMedian across March 2003up51.3% vs a year earlier
Sale priceAED 1.06MMedian across March 20030% sold off-plan

In a sentence

The Land Department registered 170 property sales in March 2003, worth AED 405.04M in total, across 51 communities. That is 8% fewer than the same month a year earlier.

The median sale was AED 1,065,000 at AED 118/sqft, 51.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 38 registered sales, and also took the most money at AED 67.95M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif38+26.7%AED 67.95MAED 1.20MAED 94/sqft0%
Nad Al Hamar9+350.0%AED 6.97MAED 630KAED 43/sqft0%
Al Barsha Second8+14.3%AED 6.76MAED 790KAED 54/sqft0%
Um Suqaim Third8—AED 18.55MAED 1.85MAED 123/sqft0%
Abu Hail6+200.0%AED 5.61MAED 575KAED 175/sqft0%
Hor Al Anz6+20.0%AED 7.10MAED 800KAED 254/sqft0%
Al Manara5—AED 7.98MAED 1.44MAED 100/sqft0%
Al Satwa5-16.7%AED 2.56MAED 530KAED 220/sqft0%
Al Warqa Third5+150.0%AED 2.52MAED 500KAED 42/sqft0%
Um Suqaim Second50.0%AED 7.98MAED 1.65MAED 116/sqft0%
Al Karama4+100.0%AED 25.86MAED 4.89MAED 522/sqft0%
Al Rashidiya4+100.0%AED 2.32MAED 695KAED 83/sqft0%
Jumeirah Third4+300.0%AED 13.85MAED 2.77MAED 201/sqft0%
Al Barsha Third30.0%AED 2.70MAED 915KAED 61/sqft0%
Al Jafliya3+200.0%AED 2.79MAED 800KAED 140/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
MirdifAED 67.95M38
Al MurqabatAED 64.00M2
Al HamriyaAED 28.41M2
Al KaramaAED 25.86M4
Um Suqaim FirstAED 18.60M3
Um Suqaim ThirdAED 18.55M8
Jumeirah ThirdAED 13.85M4
Al Saffa SecondAED 10.13M3
Al SabkhaAED 10.00M1
Al RaffaAED 8.64M2

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 March 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
12 Mar 2003Al Murqabat—BuildingExisting PropertiesNot specified23,422 sqftAED 2,668/sqftAED 62,500,000
24 Mar 2003Al Hamriya—BuildingExisting PropertiesNot specified29,598 sqftAED 815/sqftAED 24,122,370
17 Mar 2003Al Karama—BuildingExisting PropertiesNot specified33,700 sqftAED 450/sqftAED 15,165,000
31 Mar 2003Um Suqaim First—BuildingExisting PropertiesNot specified58,693 sqftAED 256/sqftAED 15,000,000
18 Mar 2003Al Sabkha—BuildingExisting PropertiesNot specified3,860 sqftAED 2,591/sqftAED 10,000,000
11 Mar 2003Al Karama—BuildingExisting PropertiesNot specified10,000 sqftAED 850/sqftAED 8,500,000
17 Mar 2003Al Safouh First—Sufouh GardensBuildingExisting PropertiesNot specified54,756 sqftAED 152/sqftAED 8,300,000
17 Mar 2003Al Eyas—BuildingExisting PropertiesNot specified678,881 sqftAED 11/sqftAED 7,500,000
17 Mar 2003Oud Metha—BuildingExisting PropertiesNot specified20,000 sqftAED 370/sqftAED 7,400,000
10 Mar 2003Jumeirah Third—VillaExisting PropertiesNot specified36,183 sqftAED 202/sqftAED 7,300,000

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.