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Monthly report

Dubai property market — May 2004

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

Sales270Registered in May 2004up58.8% vs a year earlier
Total valueAED 1.05BRegistered in May 2004Across 64 communities
Price per sqftAED 197/sqftMedian across May 2004up102.3% vs a year earlier
Sale priceAED 1.27MMedian across May 20041% sold off-plan

In a sentence

The Land Department registered 270 property sales in May 2004, worth AED 1.05B in total, across 64 communities. That is 59% more than the same month a year earlier.

The median sale was AED 1,275,000 at AED 197/sqft, 102.3% above the same month last year. 1% of sales were off-plan.

Mirdif was the busiest community with 22 registered sales, while Trade Center First took the most money at AED 209.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif22-24.1%AED 34.93MAED 1.12MAED 115/sqft0%
Al Warqa Third16+300.0%AED 9.77MAED 600KAED 49/sqft0%
Al Satwa13-13.3%AED 20.98MAED 950KAED 293/sqft0%
Hor Al Anz13+18.2%AED 17.30MAED 1.05MAED 420/sqft0%
Nad Al Hamar11+57.1%AED 10.09MAED 900KAED 60/sqft0%
Al Barsha First9—AED 44.77MAED 3.66MAED 262/sqft0%
Al Barsha Third9-43.8%AED 10.01MAED 1.00MAED 67/sqft0%
Abu Hail8-11.1%AED 7.57MAED 745KAED 257/sqft0%
Eyal Nasser8+300.0%AED 34.45MAED 2.33MAED 1,216/sqft0%
Um Suqaim Second80.0%AED 14.83MAED 1.76MAED 218/sqft0%
Al Barsha Second7-56.3%AED 6.51MAED 990KAED 67/sqft0%
Al Raffa7-22.2%AED 21.01MAED 1.90MAED 667/sqft0%
Al Goze First6+200.0%AED 3.22MAED 620KAED 67/sqft0%
Al Mizhar Second6+50.0%AED 9.50MAED 1.18MAED 55/sqft0%
Naif6-25.0%AED 32.24MAED 2.65MAED 856/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 209.00M2
Rega Al ButeenAED 113.00M1
Ras Al Khor Industrial SecondAED 47.40M6
Al HamriyaAED 47.34M4
MankhoolAED 44.80M2
Al Barsha FirstAED 44.77M9
MirdifAED 34.93M22
Al Nahda SecondAED 34.74M3
Eyal NasserAED 34.45M8
NaifAED 32.24M6

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 May 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
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
10 May 2004Trade Center First—BuildingExisting PropertiesNot specified39,980 sqftAED 2,501/sqftAED 100,000,000
24 May 2004Al Hamriya—BuildingExisting PropertiesNot specified15,661 sqftAED 2,363/sqftAED 37,000,000
19 May 2004Mankhool—BuildingExisting PropertiesNot specified21,800 sqftAED 1,651/sqftAED 36,000,000
24 May 2004Al Nahda Second—BuildingExisting PropertiesNot specified69,095 sqftAED 300/sqftAED 20,728,500
4 May 2004Eyal Nasser—BuildingExisting PropertiesNot specified14,175 sqftAED 1,199/sqftAED 17,000,000
24 May 2004Hor Al Anz East—BuildingExisting PropertiesNot specified20,000 sqftAED 850/sqftAED 17,000,000
11 May 2004Al Karama—BuildingExisting PropertiesNot specified21,900 sqftAED 700/sqftAED 15,330,000
31 May 2004Naif—BuildingExisting PropertiesNot specified6,341 sqftAED 2,366/sqftAED 15,000,000

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.