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Monthly report

Dubai property market — January 2004

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

Sales233Registered in January 2004up60.7% vs a year earlier
Total valueAED 863.47MRegistered in January 2004Across 64 communities
Price per sqftAED 180/sqftMedian across January 2004up29.7% vs a year earlier
Sale priceAED 1.30MMedian across January 20040% sold off-plan

In a sentence

The Land Department registered 233 property sales in January 2004, worth AED 863.47M in total, across 64 communities. That is 61% more than the same month a year earlier.

The median sale was AED 1,300,000 at AED 180/sqft, 29.7% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 19 registered sales, while Mankhool took the most money at AED 68.44M.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif19-9.5%AED 65.05MAED 2.70MAED 240/sqft0%
Nad Al Hamar11-15.4%AED 8.60MAED 750KAED 53/sqft0%
Al Satwa9-10.0%AED 8.78MAED 900KAED 370/sqft0%
Al Twar Fourth9+350.0%AED 8.06MAED 600KAED 55/sqft0%
Al Waheda8+300.0%AED 5.07MAED 585KAED 214/sqft0%
Al Baraha7+75.0%AED 24.56MAED 2.98MAED 680/sqft0%
Hor Al Anz7-12.5%AED 6.65MAED 540KAED 204/sqft0%
Um Suqaim Second7+40.0%AED 29.80MAED 1.50MAED 216/sqft0%
Al Barsha Second6-14.3%AED 5.49MAED 885KAED 59/sqft0%
Al Mararr6+20.0%AED 19.68MAED 2.67MAED 865/sqft0%
Jumeirah Third6+50.0%AED 18.05MAED 2.65MAED 195/sqft0%
Um Suqaim Third6+500.0%AED 31.62MAED 2.65MAED 342/sqft0%
Al Aweer Second5+150.0%AED 16.09MAED 2.95MAED 6/sqft0%
Al Barsha Third5-44.4%AED 4.00MAED 850KAED 59/sqft0%
Al Jafliya5+25.0%AED 4.46MAED 600KAED 184/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 68.44M2
MirdifAED 65.05M19
Al KaramaAED 58.88M4
Al MurqabatAED 50.85M2
Trade Center FirstAED 50.00M1
Um Suqaim ThirdAED 31.62M6
Um Suqaim SecondAED 29.80M7
Jumeirah SecondAED 29.32M2
Al Goze Industrial ThirdAED 26.32M1
Wadi Al AmardiAED 25.61M2

Biggest movers

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

CommunitySalesChange

The largest sales of January 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
6 Jan 2004Trade Center First—LandExisting PropertiesNot specified10,000 sqftAED 5,000/sqftAED 50,000,000
21 Jan 2004Al Murqabat—BuildingExisting PropertiesNot specified15,411 sqftAED 3,244/sqftAED 50,000,000
14 Jan 2004Al Karama—BuildingExisting PropertiesNot specified45,046 sqftAED 1,110/sqftAED 50,000,000
28 Jan 2004Mankhool—BuildingExisting PropertiesNot specified24,007 sqftAED 2,041/sqftAED 49,000,000
27 Jan 2004Jumeirah Second—VillaExisting PropertiesNot specified129,600 sqftAED 210/sqftAED 27,216,000
19 Jan 2004Al Goze Industrial Third—BuildingExisting PropertiesNot specified202,500 sqftAED 130/sqftAED 26,325,000
26 Jan 2004Wadi Al Amardi—LandExisting PropertiesNot specified524,834 sqftAED 40/sqftAED 20,993,400
27 Jan 2004Mankhool—BuildingExisting PropertiesNot specified24,000 sqftAED 810/sqftAED 19,440,000
27 Jan 2004Port Saeed—BuildingExisting PropertiesNot specified21,212 sqftAED 900/sqftAED 19,090,800
12 Jan 2004Al Hudaiba—BuildingExisting PropertiesNot specified38,400 sqftAED 418/sqftAED 16,050,000

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.