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Monthly report

Dubai property market — April 2003

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

Sales173Registered in April 2003down27.3% vs a year earlier
Total valueAED 459.21MRegistered in April 2003Across 53 communities
Price per sqftAED 137/sqftMedian across April 2003up43.9% vs a year earlier
Sale priceAED 1.10MMedian across April 20030% sold off-plan

In a sentence

The Land Department registered 173 property sales in April 2003, worth AED 459.21M in total, across 53 communities. That is 27% fewer than the same month a year earlier.

The median sale was AED 1,100,000 at AED 137/sqft, 43.9% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 28 registered sales, while Al Safouh First took the most money at AED 65.26M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif28-26.3%AED 38.08MAED 1.14MAED 116/sqft0%
Al Nahda Second12+1100.0%AED 42.82MAED 2.92MAED 167/sqft0%
Al Barsha Second11+37.5%AED 9.15MAED 800KAED 53/sqft0%
Al Satwa10+100.0%AED 6.72MAED 495KAED 193/sqft0%
Jumeirah Third8+100.0%AED 30.00MAED 1.68MAED 165/sqft0%
Al Barsha Third6+100.0%AED 5.24MAED 863KAED 57/sqft0%
Um Suqaim Second6+20.0%AED 10.35MAED 1.96MAED 145/sqft0%
Abu Hail5-16.7%AED 3.13MAED 555KAED 206/sqft0%
Al Mizhar First5+150.0%AED 5.32MAED 735KAED 46/sqft0%
Al Saffa Second5+66.7%AED 11.84MAED 1.61MAED 107/sqft0%
Nad Al Hamar5-44.4%AED 3.18MAED 675KAED 45/sqft0%
AL QUSAIS4—AED 36.15MAED 10.85MAED 438/sqft0%
Al Waheda4+100.0%AED 2.16MAED 445KAED 138/sqft0%
Al Warqa Third4-20.0%AED 1.96MAED 478KAED 40/sqft0%
Al Mararr3+50.0%AED 4.08MAED 560KAED 400/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 FirstAED 65.26M1
Al Nahda SecondAED 42.82M12
Al MurqabatAED 39.46M3
MirdifAED 38.08M28
AL QUSAISAED 36.15M4
Jumeirah ThirdAED 30.00M8
Port SaeedAED 22.76M1
Al Barsha FirstAED 16.84M2
Al MuteenaAED 14.81M2
MankhoolAED 12.74M2

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 April 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
21 Apr 2003Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 65/sqftAED 65,256,157
29 Apr 2003Al Murqabat—BuildingExisting PropertiesNot specified24,610 sqftAED 1,200/sqftAED 29,532,000
8 Apr 2003Port Saeed—BuildingExisting PropertiesNot specified33,475 sqftAED 680/sqftAED 22,763,000
21 Apr 2003Al Muteena—BuildingExisting PropertiesNot specified6,941 sqftAED 2,017/sqftAED 14,000,000
28 Apr 2003AL QUSAIS—BuildingExisting PropertiesNot specified16,666 sqftAED 720/sqftAED 12,000,000
21 Apr 2003AL QUSAIS—BuildingExisting PropertiesNot specified16,000 sqftAED 719/sqftAED 11,500,000
7 Apr 2003Mankhool—BuildingExisting PropertiesNot specified8,000 sqftAED 1,375/sqftAED 11,000,000
28 Apr 2003AL QUSAIS—BuildingExisting PropertiesNot specified64,911 sqftAED 157/sqftAED 10,200,000
2 Apr 2003Jumeirah Third—VillaExisting PropertiesNot specified52,435 sqftAED 181/sqftAED 9,500,000
7 Apr 2003Al Barsha First—BuildingExisting PropertiesNot specified20,149 sqftAED 471/sqftAED 9,500,000

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.