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Quarterly report

Dubai property market — Q2 2004

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2004. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales855Registered in Q2 2004up52.4% vs a year earlier
Total valueAED 3.35BRegistered in Q2 2004Across 83 communities
Price per sqftAED 175/sqftMedian across Q2 2004up44.1% vs a year earlier
Sale priceAED 1.25MMedian across Q2 20041% sold off-plan

In a sentence

The Land Department registered 855 property sales in Q2 2004, worth AED 3.35B in total, across 83 communities. That is 52% more than the same quarter a year earlier.

The median sale was AED 1,250,000 at AED 175/sqft, 44.1% above the same quarter last year. 1% of sales were off-plan.

Mirdif was the busiest community with 70 registered sales, while Trade Center First took the most money at AED 317.16M.

Against the previous quarter, Mirdif rose 25% to 70 sales.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2004, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif70+25.0%AED 121.24MAED 1.25MAED 109/sqft0%
Al Satwa41+70.8%AED 47.84MAED 880KAED 296/sqft0%
Al Barsha Third40+81.8%AED 45.74MAED 1.06MAED 72/sqft0%
Hor Al Anz38+11.8%AED 38.29MAED 785KAED 300/sqft0%
Al Barsha Second34+17.2%AED 37.71MAED 1.04MAED 73/sqft0%
Al Rashidiya31+93.8%AED 19.39MAED 580KAED 117/sqft0%
Abu Hail29+141.7%AED 55.74MAED 900KAED 192/sqft0%
Nad Al Hamar27-10.0%AED 23.76MAED 880KAED 57/sqft0%
Um Suqaim Second26+85.7%AED 70.33MAED 2.07MAED 193/sqft0%
Al Bada24+118.2%AED 28.82MAED 1.00MAED 253/sqft0%
Al Warqa Third22+57.1%AED 13.36MAED 600KAED 49/sqft0%
Naif21+61.5%AED 88.92MAED 1.80MAED 707/sqft0%
Muhaisanah Third19+58.3%AED 11.79MAED 650KAED 42/sqft0%
Al Raffa18+125.0%AED 112.20MAED 4.10MAED 516/sqft0%
Al Mizhar First17+6.3%AED 16.32MAED 825KAED 65/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
Trade Center FirstAED 317.16M3
Trade Center SecondAED 239.00M2
Al Barsha FirstAED 155.31M14
Al Thanyah ThirdAED 155.00M4
MankhoolAED 137.72M6
MirdifAED 121.24M70
Rega Al ButeenAED 113.00M1
Al RaffaAED 112.20M18
Ras Al Khor Industrial SecondAED 107.89M10
Al HamriyaAED 107.66M12

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Mirdif70+25.0%

The largest sales of Q2 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
21 Apr 2004Trade Center Second—BuildingExisting PropertiesNot specified11,800 sqftAED 15,254/sqftAED 180,000,000
3 May 2004Rega Al Buteen—BuildingExisting PropertiesNot specified21,208 sqftAED 5,328/sqftAED 113,000,000
10 May 2004Trade Center First—BuildingExisting PropertiesNot specified40,000 sqftAED 2,725/sqftAED 109,000,000
13 Apr 2004Trade Center First—BuildingExisting PropertiesNot specified67,600 sqftAED 1,600/sqftAED 108,160,000
10 May 2004Trade Center First—BuildingExisting PropertiesNot specified39,980 sqftAED 2,501/sqftAED 100,000,000
28 Jun 2004Mankhool—BuildingExisting PropertiesNot specified27,180 sqftAED 2,759/sqftAED 75,000,000
7 Jun 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 1,246/sqftAED 74,000,000
7 Jun 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 1,266/sqftAED 70,000,000
29 Jun 2004Al Barsha First—BuildingExisting PropertiesNot specified22,494 sqftAED 2,747/sqftAED 61,800,000
21 Jun 2004Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 5,900/sqftAED 59,000,000

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.