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Monthly report

Dubai property market — March 2005

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

Sales318Registered in March 2005up16.5% vs a year earlier
Total valueAED 1.88BRegistered in March 2005Across 60 communities
Price per sqftAED 281/sqftMedian across March 2005up70.5% vs a year earlier
Sale priceAED 2.77MMedian across March 20050% sold off-plan

In a sentence

The Land Department registered 318 property sales in March 2005, worth AED 1.88B in total, across 60 communities. That is 16% more than the same month a year earlier.

The median sale was AED 2,775,000 at AED 281/sqft, 70.5% above the same month last year. 0% of sales were off-plan.

Al Barsha First was the busiest community with 41 registered sales, and also took the most money at AED 299.49M.

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 March 2005, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha First41-14.6%AED 299.49MAED 5.59MAED 369/sqft0%
Mirdif33+6.5%AED 83.54MAED 2.26MAED 168/sqft0%
Hor Al Anz20+11.1%AED 50.06MAED 1.23MAED 482/sqft0%
Al Mizhar First12+300.0%AED 29.57MAED 1.30MAED 87/sqft0%
Al Rashidiya11+120.0%AED 11.99MAED 900KAED 169/sqft0%
Al Barsha Third10+25.0%AED 20.35MAED 1.89MAED 130/sqft0%
Al Satwa9-40.0%AED 8.28MAED 960KAED 404/sqft0%
Um Suqaim Second9+12.5%AED 42.91MAED 2.80MAED 250/sqft0%
Al Mararr8+100.0%AED 55.74MAED 5.47MAED 1,544/sqft0%
Al Waheda8+100.0%AED 7.06MAED 815KAED 272/sqft0%
Jumeirah First8+300.0%AED 56.09MAED 5.72MAED 373/sqft0%
Nad Al Hamar7+40.0%AED 58.62MAED 1.98MAED 123/sqft0%
Abu Hail60.0%AED 4.66MAED 669KAED 258/sqft0%
Al Bada60.0%AED 10.20MAED 950KAED 324/sqft0%
Al Barsha Second6+50.0%AED 14.77MAED 2.24MAED 146/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 299.49M41
Oud MethaAED 129.86M3
AL QUSAISAED 104.59M6
Port SaeedAED 89.88M5
Al Nahda FirstAED 89.19M4
MirdifAED 83.54M33
Al RaffaAED 69.20M4
Nad Al HamarAED 58.62M7
Jumeirah FirstAED 56.09M8
Al MararrAED 55.74M8

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 March 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
9 Mar 2005Oud Metha—BuildingExisting PropertiesNot specified49,157 sqftAED 1,627/sqftAED 80,000,000
7 Mar 2005Port Saeed—BuildingExisting PropertiesNot specified20,143 sqftAED 3,351/sqftAED 67,500,000
28 Mar 2005Nad Al Hamar—LandExisting PropertiesNot specified261,811 sqftAED 185/sqftAED 48,435,035
21 Mar 2005Al Murqabat—BuildingExisting PropertiesNot specified13,175 sqftAED 3,567/sqftAED 47,000,000
30 Mar 2005Al Raffa—BuildingExisting PropertiesNot specified22,393 sqftAED 2,010/sqftAED 45,000,000
15 Mar 2005Al Barsha First—BuildingExisting PropertiesNot specified43,782 sqftAED 900/sqftAED 39,403,800
21 Mar 2005Oud Metha—BuildingExisting PropertiesNot specified45,580 sqftAED 820/sqftAED 37,375,600
28 Mar 2005Wadi Al Amardi—LandExisting PropertiesNot specified522,511 sqftAED 59/sqftAED 31,000,000
21 Mar 2005AL QUSAIS—BuildingExisting PropertiesNot specified37,875 sqftAED 792/sqftAED 30,000,000
7 Mar 2005AL QUSAIS—BuildingExisting PropertiesNot specified16,866 sqftAED 1,660/sqftAED 28,000,000

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.