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Monthly report

Dubai property market — October 2004

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

Sales203Registered in October 2004up4.1% vs a year earlier
Total valueAED 930.85MRegistered in October 2004Across 61 communities
Price per sqftAED 174/sqftMedian across October 2004up58.3% vs a year earlier
Sale priceAED 1.46MMedian across October 20040% sold off-plan

In a sentence

The Land Department registered 203 property sales in October 2004, worth AED 930.85M in total, across 61 communities. That is 4% more than the same month a year earlier.

The median sale was AED 1,463,540 at AED 174/sqft, 58.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 13 registered sales, while Al Thanyah Third took the most money at AED 180.99M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif13-59.4%AED 24.79MAED 1.60MAED 140/sqft0%
Hor Al Anz11-45.0%AED 8.74MAED 650KAED 260/sqft0%
Al Thanyah Third10+900.0%AED 180.99MAED 6.46MAED 199/sqft0%
Nad Al Hamar90.0%AED 42.50MAED 1.23MAED 82/sqft0%
Jabal Ali Industrial First8+700.0%AED 101.61MAED 5.50MAED 105/sqft0%
Al Waheda70.0%AED 5.11MAED 700KAED 243/sqft0%
Um Al Sheif7+250.0%AED 13.96MAED 1.88MAED 125/sqft0%
Al Barsha Second6+50.0%AED 9.97MAED 1.47MAED 98/sqft0%
Al Manara60.0%AED 13.30MAED 1.77MAED 250/sqft0%
Al Mararr6+200.0%AED 38.35MAED 5.00MAED 1,471/sqft0%
Al Rashidiya60.0%AED 4.98MAED 615KAED 157/sqft0%
Al Suq Al Kabeer6+200.0%AED 18.90MAED 2.72MAED 2,308/sqft0%
Abu Hail5-44.4%AED 2.99MAED 600KAED 232/sqft0%
Al Bada5—AED 3.83MAED 900KAED 279/sqft0%
Al Baraha5+66.7%AED 23.92MAED 7.50MAED 1,708/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 Thanyah ThirdAED 180.99M10
Jabal Ali Industrial FirstAED 101.61M8
Marsa DubaiAED 80.00M1
Al MurqabatAED 60.00M1
Nad Al HamarAED 42.50M9
Al MararrAED 38.35M6
Al Safouh SecondAED 33.70M1
MirdifAED 24.79M13
Al BarahaAED 23.92M5
MankhoolAED 22.00M1

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 October 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
25 Oct 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 2,105/sqftAED 125,000,000
11 Oct 2004Marsa DubaiPRINCESS TOWERDubai MarinaBuildingExisting PropertiesNot specified37,410 sqftAED 2,138/sqftAED 80,000,000
18 Oct 2004Jabal Ali Industrial First—LandExisting PropertiesNot specified1,374,680 sqftAED 47/sqftAED 64,610,054
4 Oct 2004Al Murqabat—BuildingExisting PropertiesNot specified16,424 sqftAED 3,653/sqftAED 60,000,000
5 Oct 2004Al Safouh SecondDAMAC CASASite ALandExisting PropertiesNot specified80,356 sqftAED 419/sqftAED 33,700,000
11 Oct 2004Nad Al Hamar—LandExisting PropertiesNot specified261,811 sqftAED 126/sqftAED 32,988,186
5 Oct 2004Mankhool—BuildingExisting PropertiesNot specified10,078 sqftAED 2,183/sqftAED 22,000,000
18 Oct 2004Ras Al Khor Industrial Second—BuildingExisting PropertiesNot specified120,978 sqftAED 174/sqftAED 21,000,000
4 Oct 2004Al Dhagaya—LandExisting PropertiesNot specified6,337 sqftAED 2,900/sqftAED 18,377,300
11 Oct 2004Al Mararr—BuildingExisting PropertiesNot specified4,801 sqftAED 2,916/sqftAED 14,000,000

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.