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Quarterly report

Dubai property market — Q3 2004

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2004. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales631Registered in Q3 2004up23.5% vs a year earlier
Total valueAED 2.79BRegistered in Q3 2004Across 71 communities
Price per sqftAED 220/sqftMedian across Q3 2004up73.7% vs a year earlier
Sale priceAED 1.35MMedian across Q3 20041% sold off-plan

In a sentence

The Land Department registered 631 property sales in Q3 2004, worth AED 2.79B in total, across 71 communities. That is 23% more than the same quarter a year earlier.

The median sale was AED 1,350,000 at AED 220/sqft, 73.7% above the same quarter last year. 1% of sales were off-plan.

Mirdif was the busiest community with 70 registered sales, while Mankhool took the most money at AED 354.40M.

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 Q3 2004, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif700.0%AED 194.67MAED 1.65MAED 192/sqft0%
Hor Al Anz39+2.6%AED 38.58MAED 850KAED 280/sqft0%
Al Satwa32-22.0%AED 28.13MAED 850KAED 343/sqft0%
Nad Al Hamar24-11.1%AED 25.41MAED 984KAED 68/sqft0%
Al Waheda23+76.9%AED 18.42MAED 660KAED 220/sqft0%
Al Rashidiya21-32.3%AED 14.71MAED 700KAED 141/sqft0%
Al Barsha Second19-44.1%AED 32.49MAED 1.35MAED 86/sqft0%
Abu Hail17-41.4%AED 12.50MAED 600KAED 231/sqft0%
Mankhool16+166.7%AED 354.40MAED 13.56MAED 923/sqft0%
Um Suqaim Second16-38.5%AED 53.09MAED 2.50MAED 257/sqft0%
Al Barsha Third14-65.0%AED 22.11MAED 1.34MAED 90/sqft0%
Al Twar Fourth140.0%AED 9.52MAED 670KAED 64/sqft0%
Al Barsha First13-7.1%AED 180.89MAED 13.50MAED 439/sqft0%
Eyal Nasser13+30.0%AED 65.60MAED 3.39MAED 1,331/sqft0%
Al Manara12+33.3%AED 29.34MAED 2.05MAED 132/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 354.40M16
Marsa DubaiAED 290.78M11
MirdifAED 194.67M70
Al Thanyah ThirdAED 190.36M9
Al Barsha FirstAED 180.89M13
Al RaffaAED 133.11M5
Al Safouh SecondAED 100.00M3
Al KaramaAED 84.65M7
Trade Center SecondAED 75.00M1
Al Nahda SecondAED 74.84M10

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
Mirdif700.0%

The largest sales of Q3 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
7 Jul 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 1,246/sqftAED 74,000,000
7 Jul 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 1,266/sqftAED 70,000,000
18 Aug 2004Mankhool—BuildingExisting PropertiesNot specified21,040 sqftAED 2,994/sqftAED 63,000,000
26 Jul 2004Mankhool—BuildingExisting PropertiesNot specified21,040 sqftAED 2,994/sqftAED 63,000,000
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
24 Aug 2004Al Raffa—BuildingExisting PropertiesNot specified19,250 sqftAED 2,597/sqftAED 50,000,000

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.