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Monthly report

Dubai property market — May 2003

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

Sales170Registered in May 2003down11.5% vs a year earlier
Total valueAED 503.38MRegistered in May 2003Across 53 communities
Price per sqftAED 97/sqftMedian across May 2003down4.8% vs a year earlier
Sale priceAED 988KMedian across May 20030% sold off-plan

In a sentence

The Land Department registered 170 property sales in May 2003, worth AED 503.38M in total, across 53 communities. That is 11% fewer than the same month a year earlier.

The median sale was AED 987,500 at AED 97/sqft, 4.8% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 35 registered sales, while Mankhool took the most money at AED 67.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif35+25.0%AED 44.69MAED 1.05MAED 80/sqft0%
Al Barsha Second15+36.4%AED 12.66MAED 780KAED 53/sqft0%
Al Satwa100.0%AED 7.14MAED 535KAED 202/sqft0%
Al Mizhar First7+40.0%AED 7.36MAED 780KAED 50/sqft0%
Wadi Al Amardi6+500.0%AED 11.45MAED 1.77MAED 9/sqft0%
Abu Hail4-20.0%AED 3.04MAED 600KAED 224/sqft0%
Al Dhagaya4+300.0%AED 5.40MAED 1.25MAED 963/sqft0%
Al Manara4+100.0%AED 31.47MAED 7.98MAED 227/sqft0%
Al Murqabat4+33.3%AED 29.88MAED 1.71MAED 297/sqft0%
Hor Al Anz4+100.0%AED 1.27MAED 360KAED 160/sqft0%
Muhaisanah Third4+100.0%AED 1.96MAED 480KAED 32/sqft0%
Nad Al Hamar4-20.0%AED 2.75MAED 675KAED 45/sqft0%
Al Barsha First3+50.0%AED 15.42MAED 5.03MAED 88/sqft0%
Al Hamriya3—AED 7.33MAED 1.13MAED 411/sqft0%
Al Mararr30.0%AED 4.72MAED 2.05MAED 490/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 67.00M1
Oud MethaAED 55.00M1
MirdifAED 44.69M35
Al ManaraAED 31.47M4
Al MurqabatAED 29.88M4
Rega Al ButeenAED 26.00M1
Um Suqaim SecondAED 21.62M3
Al KaramaAED 16.00M2
Al Barsha FirstAED 15.42M3
Al RaffaAED 13.80M2

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 May 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 May 2003Mankhool—BuildingExisting PropertiesNot specified27,180 sqftAED 2,465/sqftAED 67,000,000
14 May 2003Oud Metha—BuildingExisting PropertiesNot specified49,157 sqftAED 1,119/sqftAED 55,000,000
26 May 2003Rega Al Buteen—BuildingExisting PropertiesNot specified15,780 sqftAED 1,648/sqftAED 26,000,000
19 May 2003Al Murqabat—BuildingExisting PropertiesNot specified13,458 sqftAED 1,932/sqftAED 26,000,000
6 May 2003Um Suqaim Second—LandExisting PropertiesNot specified79,173 sqftAED 195/sqftAED 15,438,735
14 May 2003Al Manara—VillaExisting PropertiesNot specified40,977 sqftAED 354/sqftAED 14,500,000
14 May 2003Al Manara—VillaExisting PropertiesNot specified40,977 sqftAED 354/sqftAED 14,500,000
5 May 2003Ras Al Khor—LandExisting PropertiesNot specified157,875 sqftAED 85/sqftAED 13,419,375
12 May 2003Al Raffa—BuildingExisting PropertiesNot specified10,000 sqftAED 1,090/sqftAED 10,900,000
27 May 2003Jabal Ali—LandExisting PropertiesNot specified49,989 sqftAED 175/sqftAED 8,730,000

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.