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Quarterly report

Dubai property market — Q1 2005

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2005. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales929Registered in Q1 2005up38% vs a year earlier
Total valueAED 4.90BRegistered in Q1 2005Across 88 communities
Price per sqftAED 267/sqftMedian across Q1 2005up72% vs a year earlier
Sale priceAED 2.38MMedian across Q1 20050% sold off-plan

In a sentence

The Land Department registered 929 property sales in Q1 2005, worth AED 4.90B in total, across 88 communities. That is 38% more than the same quarter a year earlier.

The median sale was AED 2,385,000 at AED 267/sqft, 72% above the same quarter last year. 0% of sales were off-plan.

Al Barsha First was the busiest community with 171 registered sales, and also took the most money at AED 1.20B.

Against the previous quarter, Mirdif rose 44% to 105 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 Q1 2005, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Barsha First171+800.0%AED 1.20BAED 4.66MAED 337/sqft0%
Mirdif105+43.8%AED 252.08MAED 2.00MAED 155/sqft0%
Hor Al Anz49+48.5%AED 86.33MAED 1.00MAED 394/sqft0%
Al Satwa33+120.0%AED 36.73MAED 1.10MAED 432/sqft0%
Al Barsha Third25+56.3%AED 63.55MAED 1.95MAED 130/sqft0%
Um Suqaim Second22+175.0%AED 81.33MAED 2.40MAED 255/sqft0%
Al Mizhar First21+40.0%AED 42.02MAED 1.27MAED 85/sqft0%
Al Barsha Second200.0%AED 37.17MAED 1.76MAED 125/sqft0%
Al Rashidiya20+17.6%AED 19.93MAED 885KAED 163/sqft0%
Nad Al Hamar20+5.3%AED 98.42MAED 1.57MAED 118/sqft0%
Al Mizhar Second18+50.0%AED 28.30MAED 1.55MAED 75/sqft0%
Al Waheda17+6.3%AED 15.98MAED 830KAED 250/sqft0%
Abu Hail16+23.1%AED 14.40MAED 800KAED 289/sqft0%
Al Muteena16+77.8%AED 27.09MAED 1.29MAED 409/sqft0%
Al Bada15+50.0%AED 19.37MAED 1.00MAED 364/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 1.20B171
MirdifAED 252.08M105
Nad Al ShibaAED 236.90M3
AL QUSAISAED 168.09M9
Oud MethaAED 156.05M5
Marsa DubaiAED 138.00M2
Al Nahda SecondAED 130.83M11
Al Nahda FirstAED 130.38M6
Al MurqabatAED 130.00M4
Al RaffaAED 126.68M12

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
Mirdif105+43.8%

The largest sales of Q1 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
28 Feb 2005Marsa DubaiDAMAC HEIGHTSDubai MarinaBuildingExisting PropertiesNot specified37,292 sqftAED 3,218/sqftAED 120,000,000
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
18 Jan 2005Al Barsha First—BuildingExisting PropertiesNot specified17,257 sqftAED 3,187/sqftAED 55,000,000
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
12 Jan 2005Al Barsha First—LandExisting PropertiesNot specified71,242 sqftAED 650/sqftAED 46,307,300
30 Mar 2005Al Raffa—BuildingExisting PropertiesNot specified22,393 sqftAED 2,010/sqftAED 45,000,000
3 Jan 2005Rega Al Buteen—BuildingExisting PropertiesNot specified20,808 sqftAED 2,000/sqftAED 41,616,000

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.