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Monthly report

Dubai property market — June 2003

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

Sales218Registered in June 2003up25.3% vs a year earlier
Total valueAED 618.34MRegistered in June 2003Across 60 communities
Price per sqftAED 135/sqftMedian across June 2003up9.2% vs a year earlier
Sale priceAED 1.06MMedian across June 20030% sold off-plan

In a sentence

The Land Department registered 218 property sales in June 2003, worth AED 618.34M in total, across 60 communities. That is 25% more than the same month a year earlier.

The median sale was AED 1,057,000 at AED 135/sqft, 9.2% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 26 registered sales, while Jabal Ali took the most money at AED 74.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif26-25.7%AED 46.44MAED 1.44MAED 103/sqft0%
Nad Al Hamar18+350.0%AED 29.48MAED 720KAED 50/sqft0%
Al Muteena11+266.7%AED 15.07MAED 1.20MAED 271/sqft0%
Hor Al Anz10+150.0%AED 4.66MAED 500KAED 200/sqft0%
Al Mizhar Second9+200.0%AED 8.98MAED 1.00MAED 49/sqft0%
Al Satwa8-20.0%AED 6.35MAED 628KAED 204/sqft0%
Abu Hail7+75.0%AED 4.97MAED 540KAED 152/sqft0%
Al Barsha Third7+250.0%AED 5.84MAED 825KAED 60/sqft0%
Al Barsha Second6-60.0%AED 5.39MAED 885KAED 56/sqft0%
Al Waheda6+200.0%AED 3.47MAED 630KAED 175/sqft0%
Al Bada5+400.0%AED 6.28MAED 620KAED 172/sqft0%
Al Karama5+150.0%AED 23.86MAED 3.20MAED 703/sqft0%
Al Mizhar First5-28.6%AED 5.79MAED 1.30MAED 48/sqft0%
Al Rashidiya5+400.0%AED 2.58MAED 549KAED 105/sqft0%
Al Hamriya4+33.3%AED 9.15MAED 2.25MAED 475/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
Jabal AliAED 74.00M2
MirdifAED 46.44M26
Al WaslAED 40.07M3
Oud MethaAED 39.52M2
Port SaeedAED 30.17M2
Nad Al HamarAED 29.48M18
Ras Al Khor Industrial SecondAED 25.16M1
Al KaramaAED 23.86M5
Al Nahda SecondAED 18.30M3
Al Goze Industrial FirstAED 17.99M1

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 June 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
2 Jun 2003Jabal Ali—LandExisting PropertiesNot specified50,004,495 sqftAED 1/sqftAED 50,000,000
30 Jun 2003Al Wasl—BuildingExisting PropertiesNot specified59,800 sqftAED 600/sqftAED 35,880,000
2 Jun 2003Ras Al Khor Industrial Second—BuildingExisting PropertiesNot specified483,940 sqftAED 52/sqftAED 25,164,932
11 Jun 2003Jabal Ali—LandExisting PropertiesNot specified79,042 sqftAED 304/sqftAED 24,000,000
30 Jun 2003Oud Metha—BuildingExisting PropertiesNot specified41,200 sqftAED 550/sqftAED 22,660,000
18 Jun 2003Port Saeed—BuildingExisting PropertiesNot specified21,270 sqftAED 850/sqftAED 18,079,500
25 Jun 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified249,819 sqftAED 72/sqftAED 17,985,600
17 Jun 2003Oud Metha—BuildingExisting PropertiesNot specified45,580 sqftAED 370/sqftAED 16,864,600
17 Jun 2003Nad Al Hamar—LandExisting PropertiesNot specified160,000 sqftAED 100/sqftAED 16,000,000
24 Jun 2003Al Sabkha—BuildingExisting PropertiesNot specified3,249 sqftAED 4,309/sqftAED 14,000,000

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.