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Monthly report

Dubai property market — September 2004

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

Sales220Registered in September 2004up0.5% vs a year earlier
Total valueAED 937.23MRegistered in September 2004Across 52 communities
Price per sqftAED 221/sqftMedian across September 2004up84.3% vs a year earlier
Sale priceAED 1.30MMedian across September 20040% sold off-plan

In a sentence

The Land Department registered 220 property sales in September 2004, worth AED 937.23M in total, across 52 communities. That is 0% more than the same month a year earlier.

The median sale was AED 1,300,000 at AED 221/sqft, 84.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 32 registered sales, while Marsa Dubai took the most money at AED 89.95M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif32+100.0%AED 86.02MAED 1.68MAED 180/sqft0%
Hor Al Anz20+81.8%AED 20.17MAED 828KAED 317/sqft0%
Al Satwa11+10.0%AED 10.10MAED 890KAED 356/sqft0%
Abu Hail9+200.0%AED 5.35MAED 600KAED 238/sqft0%
Nad Al Hamar9+200.0%AED 11.61MAED 1.05MAED 78/sqft0%
Al Nahda Second8—AED 61.42MAED 6.14MAED 290/sqft0%
Al Karama7—AED 84.65MAED 12.00MAED 747/sqft0%
Al Twar Fourth7+75.0%AED 4.66MAED 680KAED 63/sqft0%
Al Waheda7-22.2%AED 4.46MAED 630KAED 244/sqft0%
Al Manara6+200.0%AED 12.93MAED 2.05MAED 137/sqft0%
Al Rashidiya6-25.0%AED 3.96MAED 508KAED 141/sqft0%
Al Khawaneej First5+25.0%AED 5.79MAED 1.20MAED 60/sqft0%
Al Warqa Third5+25.0%AED 3.54MAED 710KAED 59/sqft0%
Mankhool5+25.0%AED 89.25MAED 7.20MAED 549/sqft0%
Um Suqaim Second5+25.0%AED 18.32MAED 3.50MAED 390/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
Marsa DubaiAED 89.95M3
MankhoolAED 89.25M5
MirdifAED 86.02M32
Al KaramaAED 84.65M7
Trade Center SecondAED 75.00M1
Al Nahda SecondAED 61.42M8
Jabal Ali Industrial FirstAED 51.23M1
Al RaffaAED 50.24M2
Al Safouh SecondAED 50.00M1
AL QUSAISAED 25.13M2

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 September 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
29 Sept 2004Trade Center Second—BuildingExisting PropertiesNot specified12,500 sqftAED 6,000/sqftAED 75,000,000
13 Sept 2004Marsa Dubai—Dubai MarinaLandExisting PropertiesNot specified37,674 sqftAED 1,380/sqftAED 52,000,000
29 Sept 2004Jabal Ali Industrial First—LandExisting PropertiesNot specified1,191,380 sqftAED 43/sqftAED 51,229,426
28 Sept 2004Al Raffa—BuildingExisting PropertiesNot specified19,250 sqftAED 2,597/sqftAED 50,000,000
20 Sept 2004Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 882/sqftAED 50,000,000
28 Sept 2004Mankhool—BuildingExisting PropertiesNot specified19,310 sqftAED 2,071/sqftAED 40,000,000
7 Sept 2004Mankhool—BuildingExisting PropertiesNot specified14,536 sqftAED 2,511/sqftAED 36,500,000
14 Sept 2004Al Karama—BuildingExisting PropertiesNot specified21,347 sqftAED 1,100/sqftAED 23,481,700
20 Sept 2004Al Karama—BuildingExisting PropertiesNot specified54,865 sqftAED 425/sqftAED 23,317,625
13 Sept 2004Al Karama—BuildingExisting PropertiesNot specified22,800 sqftAED 921/sqftAED 21,000,000

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.