← All reports

Quarterly report

Dubai property market — Q2 2003

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2003. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales561Registered in Q2 2003down7.1% vs a year earlier
Total valueAED 1.58BRegistered in Q2 2003Across 76 communities
Price per sqftAED 121/sqftMedian across Q2 2003up16.8% vs a year earlier
Sale priceAED 1.05MMedian across Q2 20030% sold off-plan

In a sentence

The Land Department registered 561 property sales in Q2 2003, worth AED 1.58B in total, across 76 communities. That is 7% fewer than the same quarter a year earlier.

The median sale was AED 1,050,000 at AED 121/sqft, 16.8% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 89 registered sales, and also took the most money at AED 129.21M.

Against the previous quarter, Mirdif fell 1% to 89.

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 Q2 2003, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif89-1.1%AED 129.21MAED 1.17MAED 90/sqft0%
Al Barsha Second32+88.2%AED 27.20MAED 800KAED 54/sqft0%
Al Satwa28+64.7%AED 20.21MAED 535KAED 200/sqft0%
Nad Al Hamar27+80.0%AED 35.41MAED 690KAED 49/sqft0%
Al Nahda Second18+500.0%AED 73.75MAED 3.68MAED 185/sqft0%
Al Mizhar First17+466.7%AED 18.47MAED 780KAED 49/sqft0%
Abu Hail16+45.5%AED 11.15MAED 573KAED 186/sqft0%
Al Muteena16+433.3%AED 36.96MAED 1.20MAED 278/sqft0%
Hor Al Anz16+6.7%AED 7.39MAED 445KAED 198/sqft0%
Al Barsha Third15+36.4%AED 12.58MAED 825KAED 55/sqft0%
Al Mizhar Second14+40.0%AED 16.62MAED 985KAED 47/sqft0%
Al Waheda12+100.0%AED 6.54MAED 480KAED 149/sqft0%
Um Suqaim Second12-25.0%AED 37.65MAED 2.14MAED 175/sqft0%
Al Murqabat10+100.0%AED 83.13MAED 1.88MAED 490/sqft0%
Al Manara90.0%AED 42.40MAED 1.88MAED 120/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 129.21M89
Oud MethaAED 94.52M3
MankhoolAED 88.10M6
Al MurqabatAED 83.13M10
Jabal AliAED 82.73M3
Al Nahda SecondAED 73.75M18
Al Safouh FirstAED 65.26M1
Port SaeedAED 57.03M4
AL QUSAISAED 52.65M6
Al KaramaAED 43.46M8

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
Mirdif89-1.1%

The largest sales of Q2 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
21 May 2003Mankhool—BuildingExisting PropertiesNot specified27,180 sqftAED 2,465/sqftAED 67,000,000
21 Apr 2003Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 65/sqftAED 65,256,157
14 May 2003Oud Metha—BuildingExisting PropertiesNot specified49,157 sqftAED 1,119/sqftAED 55,000,000
2 Jun 2003Jabal Ali—LandExisting PropertiesNot specified50,004,495 sqftAED 1/sqftAED 50,000,000
30 Jun 2003Al Wasl—BuildingExisting PropertiesNot specified59,800 sqftAED 600/sqftAED 35,880,000
29 Apr 2003Al Murqabat—BuildingExisting PropertiesNot specified24,610 sqftAED 1,200/sqftAED 29,532,000
26 May 2003Rega Al Buteen—BuildingExisting PropertiesNot specified15,780 sqftAED 1,648/sqftAED 26,000,000
19 May 2003Al Murqabat—BuildingExisting PropertiesNot specified13,458 sqftAED 1,932/sqftAED 26,000,000
2 Jun 2003Ras Al Khor Industrial Second—BuildingExisting PropertiesNot specified483,940 sqftAED 52/sqftAED 25,164,932
11 Jun 2003Jabal Ali—LandExisting PropertiesNot specified79,042 sqftAED 304/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.