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Monthly report

Dubai property market — November 2003

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

Sales128Registered in November 2003up24.3% vs a year earlier
Total valueAED 287.54MRegistered in November 2003Across 44 communities
Price per sqftAED 107/sqftMedian across November 2003down39.7% vs a year earlier
Sale priceAED 900KMedian across November 20030% sold off-plan

In a sentence

The Land Department registered 128 property sales in November 2003, worth AED 287.54M in total, across 44 communities. That is 24% more than the same month a year earlier.

The median sale was AED 900,000 at AED 107/sqft, 39.7% below the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 17 registered sales, while Port Saeed took the most money at AED 47.78M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif17-10.5%AED 30.43MAED 1.55MAED 125/sqft0%
Al Barsha Second10+25.0%AED 8.35MAED 848KAED 59/sqft0%
Al Satwa10+11.1%AED 7.13MAED 688KAED 284/sqft0%
Al Barsha Third9-25.0%AED 7.79MAED 825KAED 55/sqft0%
Al Warqa Third7+16.7%AED 3.96MAED 570KAED 45/sqft0%
Nad Al Hamar6-45.5%AED 4.41MAED 697KAED 46/sqft0%
Al Mizhar First5-58.3%AED 4.81MAED 870KAED 58/sqft0%
Al Murqabat5—AED 29.05MAED 6.36MAED 458/sqft0%
Abu Hail3-40.0%AED 1.75MAED 650KAED 157/sqft0%
Al Manara3+200.0%AED 6.16MAED 2.00MAED 125/sqft0%
Al Mizhar Second3-25.0%AED 2.81MAED 965KAED 50/sqft0%
Al Twar Third30.0%AED 2.56MAED 870KAED 58/sqft0%
Naif3-57.1%AED 14.64MAED 4.01MAED 850/sqft0%
Al Aweer Second2—AED 1.75MAED 875KAED 6/sqft0%
Al Bada2-71.4%AED 805KAED 403KAED 121/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
Port SaeedAED 47.78M2
MirdifAED 30.43M17
Al MurqabatAED 29.05M5
Wadi Al AmardiAED 15.72M2
Al Suq Al KabeerAED 15.50M1
NaifAED 14.64M3
Al Nahda SecondAED 8.35M2
Al Barsha SecondAED 8.35M10
Al Barsha ThirdAED 7.79M9
MankhoolAED 7.44M1

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 November 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
24 Nov 2003Port Saeed—BuildingExisting PropertiesNot specified23,103 sqftAED 2,048/sqftAED 47,318,400
19 Nov 2003Al Suq Al Kabeer—BuildingExisting PropertiesNot specified5,625 sqftAED 2,756/sqftAED 15,500,000
17 Nov 2003Al Murqabat—BuildingExisting PropertiesNot specified14,517 sqftAED 671/sqftAED 9,746,000
4 Nov 2003Wadi Al Amardi—VillaExisting PropertiesNot specified449,204 sqftAED 20/sqftAED 8,984,000
3 Nov 2003Mankhool—BuildingExisting PropertiesNot specified12,400 sqftAED 600/sqftAED 7,440,000
4 Nov 2003Al Khawaneej Second—LandExisting PropertiesNot specified928,812 sqftAED 8/sqftAED 7,430,504
3 Nov 2003Al Khawaneej—LandExisting PropertiesNot specified386,356 sqftAED 19/sqftAED 7,340,777
17 Nov 2003Naif—LandExisting PropertiesNot specified8,625 sqftAED 850/sqftAED 7,331,250
3 Nov 2003Wadi Al Amardi—VillaExisting PropertiesNot specified449,204 sqftAED 15/sqftAED 6,738,068
3 Nov 2003Al Murqabat—LandExisting PropertiesNot specified14,131 sqftAED 450/sqftAED 6,358,725

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.