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Annual report

Dubai property market — 2006

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2006. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,660Registered in 2006up3.9% vs the year before
Total valueAED 18.73BRegistered in 2006Across 105 communities
Price per sqftAED 290/sqftMedian across 2006up2.9% vs the year before
Sale priceAED 2.32MMedian across 20060% sold off-plan

In a sentence

The Land Department registered 2,660 property sales in 2006, worth AED 18.73B in total, across 105 communities. That is 4% more than the year before.

The median sale was AED 2,321,900 at AED 290/sqft, 2.9% above the year before. 0% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 401 registered sales, while Al Thanyah Third took the most money at AED 1.32B.

Against the previous year, Al Barsha First fell 78% to 51.

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 2006, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth401+5628.6%AED 935.00MAED 2.10MAED 197/sqft0%
Al Thanayah Fourth359+3490.0%AED 784.94MAED 1.56MAED 232/sqft0%
Mirdif216-33.3%AED 833.87MAED 2.83MAED 266/sqft0%
Hor Al Anz123-3.9%AED 293.33MAED 1.70MAED 737/sqft0%
Al Satwa81-27.7%AED 174.39MAED 1.70MAED 680/sqft0%
Al Rashidiya59-31.4%AED 92.11MAED 1.45MAED 289/sqft0%
Al Barsha First51-77.6%AED 943.92MAED 14.08MAED 1,000/sqft0%
Al Thanyah Third51-1.9%AED 1.32BAED 7.60MAED 482/sqft0%
Al Barsha Third49-31.9%AED 148.18MAED 2.81MAED 185/sqft0%
Nad Al Hamar48+20.0%AED 193.78MAED 2.01MAED 140/sqft0%
Al Waheda46-4.2%AED 77.01MAED 1.50MAED 320/sqft0%
Al Barsha Second44-32.3%AED 137.82MAED 2.85MAED 197/sqft0%
Al Mararr41-12.8%AED 295.23MAED 6.00MAED 2,182/sqft0%
Al Muteena40-7.0%AED 156.94MAED 2.02MAED 627/sqft0%
Al Nahda Second38+18.8%AED 644.42MAED 10.61MAED 632/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 1.32B51
Marsa DubaiAED 959.82M23
Al Barsha FirstAED 943.92M51
Al Thanyah FifthAED 935.00M401
MirdifAED 833.87M216
Al Thanayah FourthAED 784.94M359
Al Safouh SecondAED 675.00M6
Al Nahda SecondAED 644.42M38
Al RaffaAED 483.40M29
Al Nahda FirstAED 468.15M21

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 First51-77.6%
Mirdif216-33.3%
Al Rashidiya59-31.4%
Al Satwa81-27.7%
Hor Al Anz123-3.9%
Al Thanyah Third51-1.9%

The largest sales of 2006

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 2006Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified4,894,293 sqftAED 89/sqftAED 436,109,375
6 Feb 2006Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 26,000/sqftAED 260,000,000
19 Apr 2006Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 5,764/sqftAED 250,000,000
3 May 2006Al Safouh Second—Site ABuildingExisting PropertiesNot specified42,473 sqftAED 5,651/sqftAED 240,000,000
30 Aug 2006Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 4,304/sqftAED 238,000,000
30 Aug 2006Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 3,536/sqftAED 210,000,000
28 Feb 2006Trade Center First—BuildingExisting PropertiesNot specified12,500 sqftAED 13,600/sqftAED 170,000,000
1 May 2006Port Saeed—BuildingExisting PropertiesNot specified38,589 sqftAED 4,276/sqftAED 165,000,000
29 May 2006Madinat Dubai Almelaheyah—LandExisting PropertiesNot specified229,629 sqftAED 600/sqftAED 137,777,400
29 Nov 2006Um Hurair Second—Dubai Health Care City Phase 1LandExisting PropertiesNot specified35,817 sqftAED 3,630/sqftAED 130,000,000

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.