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Monthly report

Dubai property market — July 2003

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

Sales196Registered in July 2003up15.3% vs a year earlier
Total valueAED 713.05MRegistered in July 2003Across 54 communities
Price per sqftAED 142/sqftMedian across July 2003up71.4% vs a year earlier
Sale priceAED 988KMedian across July 20030% sold off-plan

In a sentence

The Land Department registered 196 property sales in July 2003, worth AED 713.05M in total, across 54 communities. That is 15% more than the same month a year earlier.

The median sale was AED 987,500 at AED 142/sqft, 71.4% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 21 registered sales, while Mankhool took the most money at AED 110.99M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif21-19.2%AED 38.18MAED 1.49MAED 100/sqft0%
Al Barsha Third11+57.1%AED 9.85MAED 844KAED 57/sqft0%
Hor Al Anz11+10.0%AED 7.44MAED 660KAED 251/sqft0%
Al Barsha Second10+66.7%AED 9.37MAED 825KAED 55/sqft0%
Al Satwa10+25.0%AED 10.06MAED 575KAED 214/sqft0%
Al Mararr8+166.7%AED 18.65MAED 1.65MAED 597/sqft0%
Al Rashidiya7+40.0%AED 3.29MAED 410KAED 114/sqft0%
Mankhool7+133.3%AED 110.99MAED 2.50MAED 259/sqft0%
Nad Al Hamar7-61.1%AED 4.75MAED 660KAED 47/sqft0%
Abu Hail6-14.3%AED 3.30MAED 518KAED 158/sqft0%
Al Warqa Third6+200.0%AED 3.13MAED 511KAED 42/sqft0%
Al Karama50.0%AED 44.00MAED 1.85MAED 615/sqft0%
Naif5+400.0%AED 17.99MAED 2.55MAED 600/sqft0%
Al Baraha4+33.3%AED 3.42MAED 1.01MAED 482/sqft0%
Al Goze First4+100.0%AED 2.08MAED 500KAED 50/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 110.99M7
Rega Al ButeenAED 52.00M1
Marsa DubaiAED 51.78M1
Al KaramaAED 44.00M5
Madinat Dubai AlmelaheyahAED 38.50M1
MirdifAED 38.18M21
Jumeirah SecondAED 35.38M2
Al RaffaAED 25.98M2
Al Safouh SecondAED 24.00M1
Um Hurair SecondAED 23.37M2

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 July 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 Jul 2003Mankhool—BuildingExisting PropertiesNot specified28,160 sqftAED 2,445/sqftAED 68,850,000
1 Jul 2003Rega Al Buteen—BuildingExisting PropertiesNot specified12,269 sqftAED 4,238/sqftAED 52,000,000
28 Jul 2003Marsa DubaiThe Residences, Al Habtoor GrandBuildingExisting PropertiesNot specified77,567 sqftAED 667/sqftAED 51,775,335
9 Jul 2003Madinat Dubai Almelaheyah—BuildingExisting PropertiesNot specified30,497 sqftAED 1,262/sqftAED 38,500,000
14 Jul 2003Jumeirah Second—VillaExisting PropertiesNot specified160,036 sqftAED 206/sqftAED 33,000,000
21 Jul 2003Mankhool—BuildingExisting PropertiesNot specified14,837 sqftAED 1,887/sqftAED 28,000,000
21 Jul 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified64,031 sqftAED 375/sqftAED 24,000,000
16 Jul 2003Al Karama—BuildingExisting PropertiesNot specified20,000 sqftAED 1,100/sqftAED 22,000,000
21 Jul 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified41,840 sqftAED 478/sqftAED 20,000,000
7 Jul 2003Al Raffa—BuildingExisting PropertiesNot specified17,360 sqftAED 1,094/sqftAED 19,000,000

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.