← All reports

Monthly report

Dubai property market — December 2003

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

Sales234Registered in December 2003up69.6% vs a year earlier
Total valueAED 802.87MRegistered in December 2003Across 63 communities
Price per sqftAED 150/sqftMedian across December 2003up26.6% vs a year earlier
Sale priceAED 1.10MMedian across December 20030% sold off-plan

In a sentence

The Land Department registered 234 property sales in December 2003, worth AED 802.87M in total, across 63 communities. That is 70% more than the same month a year earlier.

The median sale was AED 1,098,185 at AED 150/sqft, 26.6% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 21 registered sales, while Oud Metha took the most money at AED 107.07M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif21+23.5%AED 37.56MAED 1.50MAED 111/sqft0%
Nad Al Hamar13+116.7%AED 34.00MAED 775KAED 49/sqft0%
Al Satwa100.0%AED 7.30MAED 725KAED 266/sqft0%
Al Barsha Third90.0%AED 11.02MAED 870KAED 58/sqft0%
Hor Al Anz8+300.0%AED 4.70MAED 500KAED 192/sqft0%
Al Barsha Second7-30.0%AED 6.14MAED 855KAED 59/sqft0%
Al Manara7+133.3%AED 16.30MAED 2.02MAED 135/sqft0%
Al Mizhar First7+40.0%AED 6.35MAED 900KAED 60/sqft0%
Al Dhagaya6+500.0%AED 17.98MAED 3.23MAED 1,652/sqft0%
Al Karama6—AED 26.91MAED 1.75MAED 637/sqft0%
Marsa Dubai6—AED 90.00MAED 15.00MAED 401/sqft0%
Al Mararr5+150.0%AED 11.54MAED 800KAED 714/sqft0%
Al Mizhar Second5+66.7%AED 5.79MAED 1.30MAED 62/sqft0%
Al Warqa Third5-28.6%AED 2.66MAED 520KAED 43/sqft0%
Naif5+66.7%AED 31.55MAED 1.55MAED 1,001/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
Oud MethaAED 107.07M5
Marsa DubaiAED 90.00M6
Trade Center SecondAED 50.00M1
Al Goze Industrial FirstAED 38.01M2
MirdifAED 37.56M21
Nad Al HamarAED 34.00M13
AL QUSAISAED 32.00M2
NaifAED 31.55M5
Rega Al ButeenAED 31.00M1
Al KaramaAED 26.91M6

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 December 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
31 Dec 2003Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 5,000/sqftAED 50,000,000
8 Dec 2003Oud Metha—BuildingExisting PropertiesNot specified114,147 sqftAED 377/sqftAED 43,000,000
29 Dec 2003Rega Al Buteen—BuildingExisting PropertiesNot specified20,808 sqftAED 1,490/sqftAED 31,000,000
29 Dec 2003AL QUSAIS—BuildingExisting PropertiesNot specified34,546 sqftAED 811/sqftAED 28,000,000
29 Dec 2003Nad Al Hamar—LandExisting PropertiesNot specified386,402 sqftAED 65/sqftAED 25,000,000
23 Dec 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified249,819 sqftAED 80/sqftAED 19,984,000
22 Dec 2003Oud Metha—BuildingExisting PropertiesNot specified30,000 sqftAED 643/sqftAED 19,290,000
22 Dec 2003Al Goze Industrial Third—BuildingExisting PropertiesNot specified202,500 sqftAED 94/sqftAED 19,000,000
8 Dec 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified200,260 sqftAED 90/sqftAED 18,023,400
16 Dec 2003Oud Metha—BuildingExisting PropertiesNot specified30,000 sqftAED 600/sqftAED 18,000,000

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.