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Monthly report

Dubai property market — August 2004

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

Sales184Registered in August 2004up91.7% vs a year earlier
Total valueAED 690.27MRegistered in August 2004Across 50 communities
Price per sqftAED 219/sqftMedian across August 2004up74.1% vs a year earlier
Sale priceAED 1.27MMedian across August 20042% sold off-plan

In a sentence

The Land Department registered 184 property sales in August 2004, worth AED 690.27M in total, across 50 communities. That is 92% more than the same month a year earlier.

The median sale was AED 1,275,000 at AED 219/sqft, 74.1% above the same month last year. 2% of sales were off-plan.

Mirdif was the busiest community with 16 registered sales, while Mankhool took the most money at AED 128.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif16-27.3%AED 41.22MAED 1.57MAED 211/sqft0%
Hor Al Anz11+37.5%AED 10.65MAED 968KAED 256/sqft0%
Al Barsha Second10+100.0%AED 17.52MAED 1.21MAED 80/sqft0%
Al Satwa10-9.1%AED 8.98MAED 825KAED 330/sqft0%
Al Waheda9+28.6%AED 7.77MAED 820KAED 187/sqft0%
Al Rashidiya8+14.3%AED 6.03MAED 755KAED 129/sqft0%
Al Bada5+25.0%AED 5.29MAED 980KAED 315/sqft0%
Al Barsha Third50.0%AED 6.24MAED 1.27MAED 85/sqft0%
Al Dhagaya5+150.0%AED 9.75MAED 700KAED 603/sqft0%
Marsa Dubai5+66.7%AED 113.62MAED 15.00MAED 710/sqft20%
Naif5+400.0%AED 21.18MAED 1.45MAED 580/sqft0%
Al Khawaneej First4+300.0%AED 6.34MAED 1.57MAED 46/sqft0%
AL QUSAIS4—AED 21.49MAED 5.74MAED 299/sqft0%
Al Thanyah Third40.0%AED 28.46MAED 7.01MAED 237/sqft0%
Al Twar Fourth4+33.3%AED 2.69MAED 705KAED 69/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 128.00M4
Marsa DubaiAED 113.62M5
Al RaffaAED 72.50M2
MirdifAED 41.22M16
Al Thanyah ThirdAED 28.46M4
Port SaeedAED 28.25M3
AL QUSAISAED 21.49M4
NaifAED 21.18M5
Al Barsha SecondAED 17.52M10
Al HamriyaAED 13.60M1

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 August 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
18 Aug 2004Mankhool—BuildingExisting PropertiesNot specified21,040 sqftAED 2,994/sqftAED 63,000,000
24 Aug 2004Al Raffa—BuildingExisting PropertiesNot specified19,250 sqftAED 2,597/sqftAED 50,000,000
16 Aug 2004Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,678 sqftAED 1,327/sqftAED 50,000,000
31 Aug 2004Mankhool—BuildingExisting PropertiesNot specified19,310 sqftAED 2,071/sqftAED 40,000,000
16 Aug 2004Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified41,878 sqftAED 761/sqftAED 31,848,147
3 Aug 2004Mankhool—BuildingExisting PropertiesNot specified29,877 sqftAED 800/sqftAED 23,901,600
16 Aug 2004Al Raffa—BuildingExisting PropertiesNot specified17,360 sqftAED 1,296/sqftAED 22,500,000
30 Aug 2004Port Saeed—BuildingExisting PropertiesNot specified21,208 sqftAED 1,000/sqftAED 21,208,000
30 Aug 2004Naif—BuildingExisting PropertiesNot specified27,572 sqftAED 580/sqftAED 15,991,760
2 Aug 2004Marsa DubaiTORCH TOWERDubai MarinaBuildingExisting PropertiesNot specified37,869 sqftAED 396/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.