← All reports

Quarterly report

Dubai property market — Q4 2004

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2004. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales659Registered in Q4 2004up18.3% vs a year earlier
Total valueAED 3.08BRegistered in Q4 2004Across 81 communities
Price per sqftAED 187/sqftMedian across Q4 2004up49.7% vs a year earlier
Sale priceAED 1.50MMedian across Q4 20040% sold off-plan

In a sentence

The Land Department registered 659 property sales in Q4 2004, worth AED 3.08B in total, across 81 communities. That is 18% more than the same quarter a year earlier.

The median sale was AED 1,500,000 at AED 187/sqft, 49.7% above the same quarter last year. 0% of sales were off-plan.

Mirdif was the busiest community with 73 registered sales, while Al Thanyah Third took the most money at AED 447.78M.

Against the previous quarter, Mirdif rose 4% to 73 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 Q4 2004, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif73+4.3%AED 183.51MAED 1.80MAED 140/sqft0%
Al Thanayah Fourth34+580.0%AED 44.67MAED 1.28MAED 210/sqft0%
Al Thanyah Third34+277.8%AED 447.78MAED 6.10MAED 181/sqft0%
Hor Al Anz33-15.4%AED 35.82MAED 850KAED 292/sqft0%
Al Barsha Second20+5.3%AED 31.90MAED 1.53MAED 99/sqft0%
Al Barsha First19+46.2%AED 94.54MAED 3.73MAED 303/sqft0%
Jabal Ali Industrial First19+1800.0%AED 199.58MAED 5.50MAED 100/sqft0%
Nad Al Hamar19-20.8%AED 55.40MAED 1.32MAED 90/sqft0%
Al Rashidiya17-19.0%AED 11.89MAED 670KAED 175/sqft0%
Al Barsha Third16+14.3%AED 25.93MAED 1.51MAED 105/sqft0%
Al Waheda16-30.4%AED 14.89MAED 710KAED 220/sqft0%
Al Mizhar First15+25.0%AED 17.37MAED 1.13MAED 75/sqft0%
Al Satwa15-53.1%AED 14.63MAED 970KAED 360/sqft0%
Um Al Sheif15+275.0%AED 37.02MAED 1.92MAED 130/sqft0%
Al Mararr14+55.6%AED 70.68MAED 4.60MAED 1,225/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 447.78M34
Marsa DubaiAED 391.49M9
Jabal Ali Industrial FirstAED 199.58M19
MirdifAED 183.51M73
Al Safouh FirstAED 129.60M2
Al MurqabatAED 127.02M6
Rega Al ButeenAED 97.56M1
Al Barsha FirstAED 94.54M19
Port SaeedAED 78.76M3
Al MararrAED 70.68M14

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
Mirdif73+4.3%

The largest sales of Q4 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
22 Nov 2004Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 125/sqftAED 126,000,000
25 Oct 2004Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 2,105/sqftAED 125,000,000
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
1 Nov 2004Marsa DubaiDAMAC HEIGHTSDubai MarinaBuildingExisting PropertiesNot specified37,292 sqftAED 2,145/sqftAED 80,000,000
11 Oct 2004Marsa DubaiPRINCESS TOWERDubai MarinaBuildingExisting PropertiesNot specified37,410 sqftAED 2,138/sqftAED 80,000,000
27 Dec 2004Marsa DubaiOCEAN HEIGHTSDubai MarinaBuildingExisting PropertiesNot specified37,410 sqftAED 1,871/sqftAED 70,000,000
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

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.