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Quarterly report

Dubai property market — Q3 2003

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2003. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales511Registered in Q3 2003up41.9% vs a year earlier
Total valueAED 1.25BRegistered in Q3 2003Across 74 communities
Price per sqftAED 127/sqftMedian across Q3 2003up26.7% vs a year earlier
Sale priceAED 930KMedian across Q3 20030% sold off-plan

In a sentence

The Land Department registered 511 property sales in Q3 2003, worth AED 1.25B in total, across 74 communities. That is 42% more than the same quarter a year earlier.

The median sale was AED 930,000 at AED 127/sqft, 26.7% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 62 registered sales, while Mankhool took the most money at AED 115.34M.

Against the previous quarter, Mirdif fell 30% to 62.

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 Q3 2003, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif62-30.3%AED 102.50MAED 1.15MAED 97/sqft0%
Al Barsha Third32+113.3%AED 27.50MAED 825KAED 55/sqft0%
Al Barsha Second30-6.3%AED 26.80MAED 810KAED 54/sqft0%
Al Satwa26-7.1%AED 24.37MAED 575KAED 221/sqft0%
Hor Al Anz26+62.5%AED 25.03MAED 585KAED 242/sqft0%
Nad Al Hamar17-37.0%AED 10.86MAED 660KAED 47/sqft0%
Naif17+325.0%AED 39.42MAED 1.15MAED 560/sqft0%
Al Warqa Third15+114.3%AED 8.05MAED 500KAED 40/sqft0%
Abu Hail13-18.8%AED 9.89MAED 580KAED 182/sqft0%
Al Mararr13+44.4%AED 31.71MAED 1.30MAED 623/sqft0%
Al Rashidiya13+85.7%AED 5.83MAED 410KAED 113/sqft0%
Al Waheda11-8.3%AED 10.96MAED 500KAED 155/sqft0%
Al Baraha10+150.0%AED 15.91MAED 1.18MAED 507/sqft0%
Mankhool10+66.7%AED 115.34MAED 2.25MAED 218/sqft0%
Um Al Sheif10+42.9%AED 14.63MAED 1.39MAED 92/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
MankhoolAED 115.34M10
MirdifAED 102.50M62
Al KaramaAED 63.24M6
Rega Al ButeenAED 52.00M1
Marsa DubaiAED 51.78M1
Al RaffaAED 46.16M8
Al MurqabatAED 43.56M7
NaifAED 39.42M17
Madinat Dubai AlmelaheyahAED 38.50M1
Jumeirah SecondAED 37.18M3

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
Mirdif62-30.3%

The largest sales of Q3 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 Jul 2003Mankhool—BuildingExisting PropertiesNot specified28,160 sqftAED 2,445/sqftAED 68,850,000
1 Jul 2003Rega Al Buteen—BuildingExisting PropertiesNot specified12,269 sqftAED 4,238/sqftAED 52,000,000
28 Jul 2003Marsa DubaiThe Residences, Al Habtoor GrandBuildingExisting PropertiesNot specified77,567 sqftAED 667/sqftAED 51,775,335
9 Jul 2003Madinat Dubai Almelaheyah—BuildingExisting PropertiesNot specified30,497 sqftAED 1,262/sqftAED 38,500,000
14 Jul 2003Jumeirah Second—VillaExisting PropertiesNot specified160,036 sqftAED 206/sqftAED 33,000,000
21 Jul 2003Mankhool—BuildingExisting PropertiesNot specified14,837 sqftAED 1,887/sqftAED 28,000,000
21 Jul 2003Al Safouh Second—Site ABuildingExisting PropertiesNot specified64,031 sqftAED 375/sqftAED 24,000,000
16 Jul 2003Al Karama—BuildingExisting PropertiesNot specified20,000 sqftAED 1,100/sqftAED 22,000,000
21 Jul 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified41,840 sqftAED 478/sqftAED 20,000,000
4 Aug 2003Al Karama—BuildingExisting PropertiesNot specified29,600 sqftAED 650/sqftAED 19,240,000

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.