← All reports

Quarterly report

Dubai property market — Q4 2003

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2003. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales557Registered in Q4 2003up47% vs a year earlier
Total valueAED 2.07BRegistered in Q4 2003Across 81 communities
Price per sqftAED 125/sqftMedian across Q4 2003down6.3% vs a year earlier
Sale priceAED 975KMedian across Q4 20030% sold off-plan

In a sentence

The Land Department registered 557 property sales in Q4 2003, worth AED 2.07B in total, across 81 communities. That is 47% more than the same quarter a year earlier.

The median sale was AED 975,000 at AED 125/sqft, 6.3% below the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 57 registered sales, while Trade Center First took the most money at AED 600.00M.

Against the previous quarter, Mirdif fell 8% to 57.

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 Q4 2003, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif57-8.1%AED 94.60MAED 1.35MAED 110/sqft0%
Al Barsha Third30-6.3%AED 29.39MAED 848KAED 58/sqft0%
Nad Al Hamar30+76.5%AED 47.85MAED 728KAED 48/sqft0%
Al Satwa29+11.5%AED 19.93MAED 670KAED 262/sqft0%
Al Barsha Second25-16.7%AED 21.81MAED 855KAED 59/sqft0%
Al Mizhar First24+200.0%AED 21.84MAED 855KAED 56/sqft0%
Al Warqa Third18+20.0%AED 9.49MAED 530KAED 43/sqft0%
Hor Al Anz16-38.5%AED 8.75MAED 490KAED 205/sqft0%
Naif15-11.8%AED 50.97MAED 1.55MAED 627/sqft0%
Abu Hail12-7.7%AED 11.55MAED 725KAED 218/sqft0%
Al Bada12+33.3%AED 13.61MAED 720KAED 193/sqft0%
Al Mizhar Second12+50.0%AED 12.55MAED 1.10MAED 57/sqft0%
Um Suqaim Second12+33.3%AED 23.15MAED 1.76MAED 166/sqft0%
Al Manara11+22.2%AED 23.97MAED 2.00MAED 125/sqft0%
Muhaisanah Third11+175.0%AED 4.89MAED 500KAED 33/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
Trade Center FirstAED 600.00M1
Oud MethaAED 107.07M5
Trade Center SecondAED 99.50M2
MirdifAED 94.60M57
Marsa DubaiAED 90.00M6
NaifAED 50.97M15
Nad Al HamarAED 47.85M30
Port SaeedAED 47.78M2
Al Goze Industrial FirstAED 38.01M2
Al KaramaAED 35.41M9

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
Mirdif57-8.1%

The largest sales of Q4 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
27 Oct 2003Trade Center First—BuildingExisting PropertiesNot specified60,000 sqftAED 10,000/sqftAED 600,000,000
31 Dec 2003Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 5,000/sqftAED 50,000,000
13 Oct 2003Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 4,950/sqftAED 49,500,000
24 Nov 2003Port Saeed—BuildingExisting PropertiesNot specified23,103 sqftAED 2,048/sqftAED 47,318,400
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
22 Oct 2003Mankhool—BuildingExisting PropertiesNot specified11,000 sqftAED 2,273/sqftAED 25,000,000
23 Dec 2003Al Goze Industrial First—BuildingExisting PropertiesNot specified249,819 sqftAED 80/sqftAED 19,984,000

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.