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Monthly report

Dubai property market — February 2004

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

Sales167Registered in February 2004up36.9% vs a year earlier
Total valueAED 601.23MRegistered in February 2004Across 48 communities
Price per sqftAED 130/sqftMedian across February 2004up8.3% vs a year earlier
Sale priceAED 1.16MMedian across February 20040% sold off-plan

In a sentence

The Land Department registered 167 property sales in February 2004, worth AED 601.23M in total, across 48 communities. That is 37% more than the same month a year earlier.

The median sale was AED 1,159,768 at AED 130/sqft, 8.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 14 registered sales, while Oud Metha took the most money at AED 130.00M.

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 February 2004, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif14-26.3%AED 23.72MAED 1.27MAED 97/sqft0%
Hor Al Anz13+85.7%AED 8.88MAED 530KAED 235/sqft0%
Al Barsha Second10+66.7%AED 8.61MAED 840KAED 58/sqft0%
Al Barsha Third10+100.0%AED 8.20MAED 869KAED 57/sqft0%
Al Mizhar First7+40.0%AED 12.11MAED 795KAED 59/sqft0%
Al Warqa Third7+250.0%AED 4.01MAED 540KAED 44/sqft0%
Um Al Sheif7+75.0%AED 12.80MAED 1.65MAED 110/sqft0%
Al Mararr60.0%AED 11.97MAED 1.35MAED 656/sqft0%
Al Manara5+66.7%AED 14.09MAED 2.15MAED 145/sqft0%
Al Mizhar Second50.0%AED 8.25MAED 1.16MAED 58/sqft0%
Al Murqabat5+150.0%AED 55.64MAED 12.00MAED 750/sqft0%
Jumeirah Third5-16.7%AED 13.91MAED 1.75MAED 160/sqft0%
Muhaisanah Third5+25.0%AED 2.98MAED 593KAED 40/sqft0%
Wadi Al Amardi5+150.0%AED 21.37MAED 3.86MAED 23/sqft0%
Al Muteena4+300.0%AED 9.15MAED 650KAED 250/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
Oud MethaAED 130.00M1
Al MurqabatAED 55.64M5
Al RaffaAED 46.29M2
Al KaramaAED 31.50M2
MirdifAED 23.72M14
Wadi Al AmardiAED 21.37M5
Jumeirah FirstAED 19.08M3
MankhoolAED 15.20M2
Al BadaAED 14.99M3
Al Barsha FirstAED 14.10M1

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 February 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
11 Feb 2004Oud Metha—BuildingExisting PropertiesNot specified61,323 sqftAED 2,120/sqftAED 130,000,000
9 Feb 2004Al Raffa—LandExisting PropertiesNot specified38,950 sqftAED 900/sqftAED 35,055,000
9 Feb 2004Al Karama—BuildingExisting PropertiesNot specified32,847 sqftAED 913/sqftAED 30,000,000
23 Feb 2004Al Murqabat—BuildingExisting PropertiesNot specified46,714 sqftAED 460/sqftAED 21,488,440
4 Feb 2004Al Barsha First—LandExisting PropertiesNot specified30,000 sqftAED 470/sqftAED 14,100,000
16 Feb 2004Mankhool—BuildingExisting PropertiesNot specified10,880 sqftAED 1,268/sqftAED 13,800,000
24 Feb 2004Al Goze Industrial Second—BuildingExisting PropertiesNot specified75,000 sqftAED 180/sqftAED 13,500,000
24 Feb 2004Al Murqabat—BuildingExisting PropertiesNot specified9,126 sqftAED 1,370/sqftAED 12,500,000
25 Feb 2004Al Bada—BuildingExisting PropertiesNot specified10,000 sqftAED 1,200/sqftAED 12,000,000
16 Feb 2004Al Murqabat—BuildingExisting PropertiesNot specified15,120 sqftAED 794/sqftAED 12,000,000

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.