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Annual report

Dubai property market — 2005

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2005. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,560Registered in 2005down9.2% vs the year before
Total valueAED 15.69BRegistered in 2005Across 106 communities
Price per sqftAED 281/sqftMedian across 2005up50.7% vs the year before
Sale priceAED 2.40MMedian across 20050% sold off-plan

In a sentence

The Land Department registered 2,560 property sales in 2005, worth AED 15.69B in total, across 106 communities. That is 9% fewer than the year before.

The median sale was AED 2,402,850 at AED 281/sqft, 50.7% above the year before. 0% of sales were off-plan.

Mirdif was the busiest community with 324 registered sales, while Al Barsha First took the most money at AED 2.22B.

Against the previous year, Al Barsha First rose 347% to 228 sales, while Al Barsha Second fell 36% to 65.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2005, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif324+20.4%AED 1.12BAED 2.26MAED 199/sqft0%
Al Barsha First228+347.1%AED 2.22BAED 5.23MAED 362/sqft0%
Hor Al Anz128-11.1%AED 224.05MAED 1.09MAED 472/sqft0%
Al Satwa1120.0%AED 146.01MAED 1.20MAED 481/sqft0%
Al Rashidiya86+1.2%AED 102.01MAED 1.05MAED 188/sqft0%
Al Barsha Third72-21.7%AED 214.24MAED 2.25MAED 150/sqft0%
Al Barsha Second65-36.3%AED 152.47MAED 2.25MAED 156/sqft0%
Um Suqaim Second61-4.7%AED 403.64MAED 3.75MAED 332/sqft0%
Abu Hail52-26.8%AED 56.83MAED 900KAED 354/sqft0%
Al Thanyah Third52+10.6%AED 933.02MAED 13.09MAED 271/sqft0%
Al Mizhar First51-15.0%AED 117.86MAED 1.50MAED 98/sqft0%
Al Waheda48-33.3%AED 62.31MAED 1.14MAED 258/sqft0%
Al Mararr47-13.0%AED 325.39MAED 5.30MAED 1,589/sqft0%
Al Mizhar Second450.0%AED 94.40MAED 1.80MAED 95/sqft0%
Muhaisanah Third45-16.7%AED 69.12MAED 1.29MAED 88/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 Barsha FirstAED 2.22B228
MirdifAED 1.12B324
Al Thanyah ThirdAED 933.02M52
Nad Al ShibaAED 517.24M42
Al Nahda SecondAED 430.48M32
Al MurqabatAED 411.94M23
Um Suqaim SecondAED 403.64M61
Marsa DubaiAED 385.12M9
Port SaeedAED 380.13M22
Al Nahda FirstAED 339.61M15

Biggest movers

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

CommunitySalesChange
Al Barsha First228+347.1%
Al Barsha Second65-36.3%
Abu Hail52-26.8%
Al Barsha Third72-21.7%
Mirdif324+20.4%
Al Mizhar First51-15.0%
Hor Al Anz128-11.1%
Um Suqaim Second61-4.7%
Al Rashidiya86+1.2%
Al Satwa1120.0%

The largest sales of 2005

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
14 Feb 2005Nad Al Shiba—City Of ArabiaLandExisting PropertiesNot specified20,006,043 sqftAED 10/sqftAED 200,060,710
23 Aug 2005Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 3,255/sqftAED 180,000,000
26 Dec 2005Jabal Ali Industrial First—LandExisting PropertiesNot specified1,191,380 sqftAED 110/sqftAED 131,052,020
28 Feb 2005Marsa DubaiDAMAC HEIGHTSDubai MarinaBuildingExisting PropertiesNot specified37,292 sqftAED 3,218/sqftAED 120,000,000
7 Dec 2005Al Rega—BuildingExisting PropertiesNot specified14,400 sqftAED 8,333/sqftAED 120,000,000
30 May 2005Al Hamriya—BuildingExisting PropertiesNot specified24,120 sqftAED 4,975/sqftAED 120,000,000
4 Apr 2005Oud Metha—BuildingExisting PropertiesNot specified56,685 sqftAED 2,064/sqftAED 117,000,000
10 May 2005Al Karama—BuildingExisting PropertiesNot specified50,000 sqftAED 2,200/sqftAED 110,000,000
30 May 2005Al Barsha First—BuildingExisting PropertiesNot specified102,318 sqftAED 1,000/sqftAED 102,318,000
31 Oct 2005Al Nahda Second—BuildingExisting PropertiesNot specified32,958 sqftAED 2,761/sqftAED 91,000,000

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.