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Quarterly report

Dubai property market — Q1 2003

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2003. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales437Registered in Q1 2003down23.9% vs a year earlier
Total valueAED 1.59BRegistered in Q1 2003Across 72 communities
Price per sqftAED 123/sqftMedian across Q1 2003up54% vs a year earlier
Sale priceAED 1.10MMedian across Q1 20030% sold off-plan

In a sentence

The Land Department registered 437 property sales in Q1 2003, worth AED 1.59B in total, across 72 communities. That is 24% fewer than the same quarter a year earlier.

The median sale was AED 1,100,000 at AED 123/sqft, 54% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 90 registered sales, while Al Safouh Second took the most money at AED 305.50M.

Against the previous quarter, Mirdif rose 73% to 90 sales.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2003, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif90+73.1%AED 150.00MAED 1.20MAED 100/sqft0%
Al Barsha Second17+88.9%AED 14.35MAED 809KAED 55/sqft0%
Al Satwa17+21.4%AED 15.14MAED 750KAED 190/sqft0%
Um Suqaim Second16+77.8%AED 25.50MAED 1.15MAED 125/sqft0%
Hor Al Anz15-6.3%AED 13.81MAED 500KAED 186/sqft0%
Nad Al Hamar15-6.3%AED 11.32MAED 675KAED 45/sqft0%
Abu Hail11-15.4%AED 7.53MAED 500KAED 185/sqft0%
Al Barsha Third11-8.3%AED 8.86MAED 810KAED 55/sqft0%
Al Karama11+22.2%AED 82.14MAED 3.70MAED 575/sqft0%
Al Mizhar Second10+400.0%AED 8.69MAED 905KAED 45/sqft0%
Al Manara9+28.6%AED 19.79MAED 1.44MAED 100/sqft0%
Al Rashidiya9+28.6%AED 4.79MAED 605KAED 100/sqft0%
Al Warqa Third9+200.0%AED 4.58MAED 500KAED 42/sqft0%
Um Suqaim Third9+800.0%AED 22.25MAED 1.89MAED 127/sqft0%
Al Twar Fourth8+100.0%AED 2.85MAED 375KAED 31/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
Al Safouh SecondAED 305.50M7
MankhoolAED 179.44M5
MirdifAED 150.00M90
Jabal AliAED 96.00M4
Al MurqabatAED 86.40M5
Al KaramaAED 82.14M11
Al Goze Industrial FirstAED 35.64M1
AL QUSAISAED 34.30M3
Al Safouh FirstAED 33.00M5
Al HamriyaAED 32.47M6

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Mirdif90+73.1%

The largest sales of Q1 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
17 Feb 2003Al Safouh Second—Site AVillaExisting PropertiesNot specified1,097,631 sqftAED 164/sqftAED 180,000,000
6 Jan 2003Mankhool—BuildingExisting PropertiesNot specified30,359 sqftAED 2,783/sqftAED 84,500,000
12 Mar 2003Al Murqabat—BuildingExisting PropertiesNot specified23,422 sqftAED 2,668/sqftAED 62,500,000
29 Jan 2003Mankhool—BuildingExisting PropertiesNot specified21,951 sqftAED 2,733/sqftAED 60,000,000
24 Feb 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified248,997 sqftAED 143/sqftAED 35,640,000
13 Jan 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified121,134 sqftAED 227/sqftAED 27,500,000
27 Jan 2003Al Safouh SecondICONICSite ALandExisting PropertiesNot specified68,547 sqftAED 365/sqftAED 25,000,000
24 Mar 2003Al Hamriya—BuildingExisting PropertiesNot specified29,598 sqftAED 815/sqftAED 24,122,370
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified73,267 sqftAED 328/sqftAED 24,000,000
13 Jan 2003Jabal Ali—LandExisting PropertiesNot specified67,570 sqftAED 355/sqftAED 24,000,000

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.