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Monthly report

Dubai property market — September 2003

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

Sales219Registered in September 2003up99.1% vs a year earlier
Total valueAED 366.43MRegistered in September 2003Across 57 communities
Price per sqftAED 120/sqftMedian across September 2003down8.5% vs a year earlier
Sale priceAED 945KMedian across September 20030% sold off-plan

In a sentence

The Land Department registered 219 property sales in September 2003, worth AED 366.43M in total, across 57 communities. That is 99% more than the same month a year earlier.

The median sale was AED 945,000 at AED 120/sqft, 8.5% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 21 registered sales, and also took the most money at AED 40.27M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif21+5.0%AED 40.27MAED 1.50MAED 100/sqft0%
Al Barsha Third17+325.0%AED 13.93MAED 825KAED 55/sqft0%
Al Barsha Second16+300.0%AED 14.36MAED 810KAED 54/sqft0%
Hor Al Anz12+300.0%AED 16.48MAED 820KAED 242/sqft0%
Naif11+1000.0%AED 16.43MAED 1.03MAED 549/sqft0%
Al Warqa Third8+700.0%AED 4.34MAED 490KAED 40/sqft0%
Al Satwa7-22.2%AED 4.77MAED 550KAED 230/sqft0%
Al Manara6+500.0%AED 9.82MAED 1.63MAED 109/sqft0%
Al Waheda6+200.0%AED 6.77MAED 490KAED 127/sqft0%
Nad Al Hamar6+50.0%AED 3.69MAED 595KAED 49/sqft0%
Um Suqaim First6+500.0%AED 12.72MAED 1.60MAED 169/sqft0%
Abu Hail5+150.0%AED 5.43MAED 650KAED 192/sqft0%
Al Mizhar Second5—AED 4.48MAED 880KAED 44/sqft0%
Um Al Sheif5+66.7%AED 7.00MAED 1.35MAED 90/sqft0%
Al Bada40.0%AED 3.73MAED 875KAED 178/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 40.27M21
Al MurqabatAED 36.53M4
Port SaeedAED 17.00M2
Hor Al AnzAED 16.48M12
NaifAED 16.43M11
Al RaffaAED 15.09M4
Al Barsha SecondAED 14.36M16
Al Barsha ThirdAED 13.93M17
Um Suqaim FirstAED 12.72M6
Um Suqaim SecondAED 11.77M2

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 September 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
22 Sept 2003Al Murqabat—BuildingExisting PropertiesNot specified11,638 sqftAED 1,547/sqftAED 18,000,000
22 Sept 2003Port Saeed—BuildingExisting PropertiesNot specified11,283 sqftAED 1,329/sqftAED 15,000,000
30 Sept 2003Al Murqabat—LandExisting PropertiesNot specified9,424 sqftAED 1,500/sqftAED 14,136,000
22 Sept 2003Um Suqaim Second—VillaExisting PropertiesNot specified40,526 sqftAED 236/sqftAED 9,550,000
1 Sept 2003Mirdif—BuildingExisting PropertiesNot specified16,388 sqftAED 513/sqftAED 8,402,954
29 Sept 2003Al Barsha First—BuildingExisting PropertiesNot specified65,819 sqftAED 120/sqftAED 7,898,280
8 Sept 2003Al Mararr—BuildingExisting PropertiesNot specified3,723 sqftAED 2,068/sqftAED 7,700,000
22 Sept 2003Naif—BuildingExisting PropertiesNot specified5,251 sqftAED 1,333/sqftAED 7,000,000
17 Sept 2003Al Baraha—BuildingExisting PropertiesNot specified4,962 sqftAED 1,290/sqftAED 6,400,000
23 Sept 2003Al Raffa—BuildingExisting PropertiesNot specified14,399 sqftAED 400/sqftAED 5,759,600

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.