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Monthly report

Dubai property market — July 2004

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

Sales227Registered in July 2004up15.8% vs a year earlier
Total valueAED 1.16BRegistered in July 2004Across 59 communities
Price per sqftAED 222/sqftMedian across July 2004up56% vs a year earlier
Sale priceAED 1.50MMedian across July 20041% sold off-plan

In a sentence

The Land Department registered 227 property sales in July 2004, worth AED 1.16B in total, across 59 communities. That is 16% more than the same month a year earlier.

The median sale was AED 1,500,000 at AED 222/sqft, 56% above the same month last year. 1% of sales were off-plan.

Mirdif was the busiest community with 22 registered sales, while Al Barsha First took the most money at AED 173.89M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif22+15.8%AED 67.42MAED 1.69MAED 195/sqft0%
Al Barsha First12+140.0%AED 173.89MAED 14.70MAED 430/sqft0%
Nad Al Hamar12+33.3%AED 10.83MAED 915KAED 62/sqft0%
Al Satwa11-15.4%AED 9.05MAED 820KAED 335/sqft0%
Eyal Nasser10—AED 57.61MAED 3.76MAED 1,415/sqft0%
Hor Al Anz8-42.9%AED 7.76MAED 810KAED 278/sqft0%
Al Rashidiya7-53.3%AED 4.71MAED 700KAED 174/sqft0%
Al Waheda7+75.0%AED 6.19MAED 650KAED 200/sqft0%
Mankhool7+250.0%AED 137.15MAED 10.13MAED 1,047/sqft0%
Um Suqaim Second7-30.0%AED 22.57MAED 1.87MAED 250/sqft0%
Al Mizhar Second6+500.0%AED 7.36MAED 1.10MAED 55/sqft0%
Um Suqaim Third6-14.3%AED 39.63MAED 3.71MAED 342/sqft0%
Abu Hail5-58.3%AED 5.53MAED 700KAED 199/sqft0%
Al Barsha Second5-54.5%AED 9.46MAED 1.57MAED 105/sqft0%
Al Barsha Third5-66.7%AED 8.15MAED 1.35MAED 90/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 Barsha FirstAED 173.89M12
Al Thanyah ThirdAED 156.70M4
MankhoolAED 137.15M7
Marsa DubaiAED 87.22M3
MirdifAED 67.42M22
Eyal NasserAED 57.61M10
Al Safouh SecondAED 50.00M2
Al HamriyaAED 49.70M4
Um Suqaim ThirdAED 39.63M6
Al Aweer SecondAED 26.93M1

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 July 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
7 Jul 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 1,246/sqftAED 74,000,000
7 Jul 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 1,266/sqftAED 70,000,000
26 Jul 2004Mankhool—BuildingExisting PropertiesNot specified21,040 sqftAED 2,994/sqftAED 63,000,000
5 Jul 2004Marsa DubaiELITE RESIDENCEDubai MarinaBuildingExisting PropertiesNot specified37,680 sqftAED 1,227/sqftAED 46,250,000
12 Jul 2004Al Barsha First—LandExisting PropertiesNot specified71,242 sqftAED 561/sqftAED 40,000,000
19 Jul 2004Mankhool—BuildingExisting PropertiesNot specified13,152 sqftAED 2,585/sqftAED 34,000,000
26 Jul 2004Al Aweer Second—BuildingExisting PropertiesNot specified1,923,739 sqftAED 14/sqftAED 26,932,388
26 Jul 2004Al Safouh Second—TECOM Site ALandExisting PropertiesNot specified68,505 sqftAED 365/sqftAED 25,000,000
26 Jul 2004Al Safouh Second—Site ABuildingExisting PropertiesNot specified68,243 sqftAED 366/sqftAED 25,000,000
26 Jul 2004Al Barsha First—BuildingExisting PropertiesNot specified43,782 sqftAED 530/sqftAED 23,204,460

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.