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Monthly report

Dubai property market — October 2003

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

Sales195Registered in October 2003up41.3% vs a year earlier
Total valueAED 984.43MRegistered in October 2003Across 63 communities
Price per sqftAED 110/sqftMedian across October 2003down24.6% vs a year earlier
Sale priceAED 930KMedian across October 20030% sold off-plan

In a sentence

The Land Department registered 195 property sales in October 2003, worth AED 984.43M in total, across 63 communities. That is 41% more than the same month a year earlier.

The median sale was AED 930,000 at AED 110/sqft, 24.6% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 19 registered sales, while Trade Center First took the most money at AED 600.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif19-9.5%AED 26.62MAED 1.27MAED 100/sqft0%
Al Barsha Third12-29.4%AED 10.58MAED 878KAED 60/sqft0%
Al Mizhar First12+300.0%AED 10.68MAED 810KAED 52/sqft0%
Nad Al Hamar11+83.3%AED 9.44MAED 705KAED 47/sqft0%
Al Satwa9+28.6%AED 5.50MAED 600KAED 240/sqft0%
Al Barsha Second8-50.0%AED 7.32MAED 780KAED 57/sqft0%
Al Bada7+75.0%AED 7.65MAED 690KAED 194/sqft0%
Naif7-36.4%AED 4.78MAED 550KAED 475/sqft0%
Al Warqa Third6-25.0%AED 2.87MAED 458KAED 38/sqft0%
Hor Al Anz6-50.0%AED 3.26MAED 480KAED 205/sqft0%
Abu Hail50.0%AED 6.54MAED 890KAED 247/sqft0%
Muhaisanah Third5+66.7%AED 1.95MAED 480KAED 33/sqft0%
Um Suqaim Second5+150.0%AED 8.45MAED 1.25MAED 168/sqft0%
Al Mizhar Second4-20.0%AED 3.95MAED 995KAED 50/sqft0%
Al Raffa40.0%AED 4.84MAED 1.32MAED 463/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
Trade Center FirstAED 600.00M1
Trade Center SecondAED 49.50M1
Al Nahda FirstAED 31.19M2
MirdifAED 26.62M19
MankhoolAED 25.00M1
Al RegaAED 17.00M1
Al Mizhar FirstAED 10.68M12
Al Barsha ThirdAED 10.58M12
Al Khawaneej FirstAED 10.30M3
Al Qusais Industrial FirstAED 10.00M1

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 October 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
27 Oct 2003Trade Center First—BuildingExisting PropertiesNot specified60,000 sqftAED 10,000/sqftAED 600,000,000
13 Oct 2003Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 4,950/sqftAED 49,500,000
22 Oct 2003Mankhool—BuildingExisting PropertiesNot specified11,000 sqftAED 2,273/sqftAED 25,000,000
6 Oct 2003Al Nahda First—BuildingExisting PropertiesNot specified52,753 sqftAED 335/sqftAED 17,672,255
6 Oct 2003Al Rega—BuildingExisting PropertiesNot specified5,838 sqftAED 2,912/sqftAED 17,000,000
6 Oct 2003Al Nahda First—BuildingExisting PropertiesNot specified38,618 sqftAED 350/sqftAED 13,516,300
6 Oct 2003Al Qusais Industrial First—LandExisting PropertiesNot specified38,355 sqftAED 261/sqftAED 10,000,000
27 Oct 2003Um Hurair First—BuildingExisting PropertiesNot specified10,768 sqftAED 780/sqftAED 8,399,040
14 Oct 2003Al Khawaneej Second—LandExisting PropertiesNot specified394,534 sqftAED 17/sqftAED 6,706,908
6 Oct 2003Muhaisanah First—LandExisting PropertiesNot specified40,000 sqftAED 150/sqftAED 6,000,000

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.