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Annual report

Dubai property market — 2004

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2004. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,818Registered in 2004up36.4% vs the year before
Total valueAED 11.81BRegistered in 2004Across 98 communities
Price per sqftAED 187/sqftMedian across 2004up49.3% vs the year before
Sale priceAED 1.35MMedian across 20040% sold off-plan

In a sentence

The Land Department registered 2,818 property sales in 2004, worth AED 11.81B in total, across 98 communities. That is 36% more than the year before.

The median sale was AED 1,349,500 at AED 187/sqft, 49.3% above the year before. 0% of sales were off-plan.

Mirdif was the busiest community with 269 registered sales, while Al Thanyah Third took the most money at AED 793.14M.

Against the previous year, Hor Al Anz rose 97% to 144 sales, while Mirdif fell 10% to 269.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2004, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif269-9.7%AED 619.46MAED 1.50MAED 135/sqft0%
Hor Al Anz144+97.3%AED 137.26MAED 750KAED 277/sqft0%
Al Satwa112+12.0%AED 113.39MAED 863KAED 333/sqft0%
Al Barsha Second102-1.9%AED 131.36MAED 1.13MAED 75/sqft0%
Nad Al Hamar100+12.4%AED 131.32MAED 931KAED 62/sqft0%
Al Barsha Third92+4.5%AED 112.10MAED 1.13MAED 75/sqft0%
Al Rashidiya85+136.1%AED 55.07MAED 620KAED 125/sqft0%
Al Waheda72+105.7%AED 57.50MAED 665KAED 203/sqft0%
Abu Hail71+36.5%AED 99.32MAED 650KAED 232/sqft0%
Um Suqaim Second64+30.6%AED 187.40MAED 2.10MAED 209/sqft0%
Al Thanayah Fourth62+520.0%AED 93.64MAED 1.37MAED 210/sqft0%
Al Mizhar First60+15.4%AED 65.85MAED 960KAED 65/sqft0%
Al Warqa Third60+22.4%AED 37.80MAED 635KAED 50/sqft0%
Al Bada54+63.6%AED 70.55MAED 990KAED 271/sqft0%
Al Mararr54+50.0%AED 210.24MAED 3.48MAED 964/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 Thanyah ThirdAED 793.14M47
Marsa DubaiAED 754.95M26
MankhoolAED 714.47M36
MirdifAED 619.46M269
Al Barsha FirstAED 499.76M51
Trade Center FirstAED 367.16M4
Al RaffaAED 346.79M34
Al MurqabatAED 332.32M27
Trade Center SecondAED 314.00M3
Al KaramaAED 289.71M23

Biggest movers

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

CommunitySalesChange
Hor Al Anz144+97.3%
Abu Hail71+36.5%
Al Mizhar First60+15.4%
Nad Al Hamar100+12.4%
Al Satwa112+12.0%
Mirdif269-9.7%
Al Barsha Third92+4.5%
Al Barsha Second102-1.9%

The largest sales of 2004

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 Apr 2004Trade Center Second—BuildingExisting PropertiesNot specified11,800 sqftAED 15,254/sqftAED 180,000,000
11 Feb 2004Oud Metha—BuildingExisting PropertiesNot specified61,323 sqftAED 2,120/sqftAED 130,000,000
22 Nov 2004Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 125/sqftAED 126,000,000
25 Oct 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 2,105/sqftAED 125,000,000
13 Dec 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 2,170/sqftAED 120,000,000
3 May 2004Rega Al Buteen—BuildingExisting PropertiesNot specified21,208 sqftAED 5,328/sqftAED 113,000,000
10 May 2004Trade Center First—BuildingExisting PropertiesNot specified40,000 sqftAED 2,725/sqftAED 109,000,000
13 Apr 2004Trade Center First—BuildingExisting PropertiesNot specified67,600 sqftAED 1,600/sqftAED 108,160,000
10 May 2004Trade Center First—BuildingExisting PropertiesNot specified39,980 sqftAED 2,501/sqftAED 100,000,000
6 Dec 2004Rega Al Buteen—BuildingExisting PropertiesNot specified42,416 sqftAED 2,300/sqftAED 97,556,800

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.