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Monthly report

Dubai property market — December 2004

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

Sales293Registered in December 2004up25.2% vs a year earlier
Total valueAED 1.30BRegistered in December 2004Across 61 communities
Price per sqftAED 200/sqftMedian across December 2004up33.3% vs a year earlier
Sale priceAED 1.50MMedian across December 20040% sold off-plan

In a sentence

The Land Department registered 293 property sales in December 2004, worth AED 1.30B in total, across 61 communities. That is 25% more than the same month a year earlier.

The median sale was AED 1,500,000 at AED 200/sqft, 33.3% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 43 registered sales, while Marsa Dubai took the most money at AED 216.49M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif43+152.9%AED 122.25MAED 1.95MAED 140/sqft0%
Al Thanayah Fourth33+3200.0%AED 43.27MAED 1.24MAED 210/sqft0%
Hor Al Anz13+44.4%AED 17.64MAED 1.30MAED 336/sqft0%
Al Barsha First11+37.5%AED 57.22MAED 3.95MAED 275/sqft0%
Al Barsha Second10+150.0%AED 15.36MAED 1.63MAED 106/sqft0%
Al Mizhar First10+233.3%AED 12.87MAED 1.14MAED 76/sqft0%
Muhaisanah Third9+800.0%AED 8.35MAED 945KAED 64/sqft0%
Al Thanyah Third8-50.0%AED 156.39MAED 4.99MAED 180/sqft0%
Nad Al Hamar8+300.0%AED 9.03MAED 1.30MAED 94/sqft0%
Abu Hail7+600.0%AED 8.70MAED 820KAED 325/sqft0%
Al Barsha Third70.0%AED 10.61MAED 1.43MAED 100/sqft0%
Al Satwa7+16.7%AED 7.10MAED 1.00MAED 388/sqft0%
Al Mizhar Second6+100.0%AED 10.13MAED 1.34MAED 67/sqft0%
Marsa Dubai6+200.0%AED 216.49MAED 19.35MAED 1,156/sqft0%
Al Goze First5+150.0%AED 4.61MAED 925KAED 182/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 216.49M6
Al Thanyah ThirdAED 156.39M8
MirdifAED 122.25M43
Rega Al ButeenAED 97.56M1
Al Barsha FirstAED 57.22M11
Al Thanayah FourthAED 43.27M33
Al MurqabatAED 40.52M3
Al Goze ThirdAED 36.00M1
MankhoolAED 34.40M4
Al GarhoudAED 33.77M4

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 December 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
13 Dec 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 2,170/sqftAED 120,000,000
6 Dec 2004Rega Al Buteen—BuildingExisting PropertiesNot specified42,416 sqftAED 2,300/sqftAED 97,556,800
13 Dec 2004Marsa DubaiCAYAN TOWERDubai MarinaBuildingExisting PropertiesNot specified34,024 sqftAED 2,645/sqftAED 90,000,000
27 Dec 2004Marsa DubaiOCEAN HEIGHTSDubai MarinaBuildingExisting PropertiesNot specified37,410 sqftAED 1,871/sqftAED 70,000,000
13 Dec 2004Al Goze Third—BuildingExisting PropertiesNot specified92,450 sqftAED 389/sqftAED 36,000,000
21 Dec 2004Port Saeed—BuildingExisting PropertiesNot specified28,786 sqftAED 1,100/sqftAED 31,664,600
13 Dec 2004Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified56,012 sqftAED 423/sqftAED 23,691,479
27 Dec 2004Mirdif—VillaExisting PropertiesNot specified50,021 sqftAED 400/sqftAED 20,000,000
29 Dec 2004Al Murqabat—BuildingExisting PropertiesNot specified15,120 sqftAED 1,187/sqftAED 17,954,400
6 Dec 2004Al Raffa—BuildingExisting PropertiesNot specified11,434 sqftAED 1,531/sqftAED 17,500,000

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.