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Monthly report

Dubai property market — March 2004

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

Sales273Registered in March 2004up60.6% vs a year earlier
Total valueAED 1.13BRegistered in March 2004Across 64 communities
Price per sqftAED 165/sqftMedian across March 2004up39.8% vs a year earlier
Sale priceAED 1.20MMedian across March 20040% sold off-plan

In a sentence

The Land Department registered 273 property sales in March 2004, worth AED 1.13B in total, across 64 communities. That is 61% more than the same month a year earlier.

The median sale was AED 1,200,000 at AED 165/sqft, 39.8% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 23 registered sales, while Palm Jumeirah took the most money at AED 178.12M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif23+64.3%AED 31.28MAED 1.20MAED 120/sqft0%
Nad Al Hamar17+750.0%AED 16.90MAED 855KAED 58/sqft0%
Hor Al Anz14+7.7%AED 9.04MAED 600KAED 245/sqft0%
Al Barsha Second13+30.0%AED 15.16MAED 1.03MAED 65/sqft0%
Al Satwa12+300.0%AED 11.88MAED 735KAED 294/sqft0%
Al Waheda9+200.0%AED 7.07MAED 700KAED 183/sqft0%
Abu Hail8+700.0%AED 6.29MAED 510KAED 204/sqft0%
Al Manara8+60.0%AED 21.33MAED 2.72MAED 183/sqft0%
Al Rashidiya8+100.0%AED 5.27MAED 535KAED 105/sqft0%
Naif8+300.0%AED 19.43MAED 2.36MAED 600/sqft0%
Al Barsha Third7-30.0%AED 6.12MAED 930KAED 62/sqft0%
Um Suqaim Second6+500.0%AED 15.39MAED 2.45MAED 262/sqft0%
Al Baraha5—AED 13.16MAED 1.65MAED 600/sqft0%
Al Khawaneej First5—AED 15.79MAED 1.51MAED 42/sqft0%
Al Mararr5-16.7%AED 18.00MAED 1.80MAED 747/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
Palm JumeirahAED 178.12M3
Port SaeedAED 103.12M4
MankhoolAED 82.31M5
Um Suqaim ThirdAED 68.00M2
Al KaramaAED 61.00M3
Al Barsha FirstAED 54.92M4
Hor Al Anz EastAED 45.22M2
Al KifafAED 34.00M1
MirdifAED 31.28M23
Al Safouh FirstAED 30.00M1

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 March 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
2 Mar 2004Um Suqaim Third—BuildingExisting PropertiesNot specified444,999 sqftAED 150/sqftAED 66,750,000
17 Mar 2004Port Saeed—BuildingExisting PropertiesNot specified40,810 sqftAED 1,593/sqftAED 65,000,000
23 Mar 2004Palm JumeirahFAIRMONT PALM RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified199,608 sqftAED 300/sqftAED 59,860,740
23 Mar 2004Palm JumeirahFAIRMONT PALM HOTEL & RESORTPalm JumeirahBuildingExisting PropertiesNot specified199,608 sqftAED 300/sqftAED 59,860,740
23 Mar 2004Palm JumeirahFAIRMONT PALM RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified194,730 sqftAED 300/sqftAED 58,397,910
16 Mar 2004Mankhool—BuildingExisting PropertiesNot specified20,000 sqftAED 2,800/sqftAED 56,000,000
22 Mar 2004Al Karama—BuildingExisting PropertiesNot specified50,000 sqftAED 850/sqftAED 42,500,000
24 Mar 2004Al Kifaf—LandExisting PropertiesNot specified19,310 sqftAED 1,761/sqftAED 34,000,000
15 Mar 2004Al Safouh First—Sufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 516/sqftAED 30,000,000
29 Mar 2004Hor Al Anz East—BuildingExisting PropertiesNot specified33,300 sqftAED 736/sqftAED 24,500,000

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.