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Monthly report

Dubai property market — February 2006

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

Sales161Registered in February 2006down42.5% vs a year earlier
Total valueAED 1.48BRegistered in February 2006Across 58 communities
Price per sqftAED 315/sqftMedian across February 2006up21.3% vs a year earlier
Sale priceAED 3.00MMedian across February 20062% sold off-plan

In a sentence

The Land Department registered 161 property sales in February 2006, worth AED 1.48B in total, across 58 communities. That is 43% fewer than the same month a year earlier.

The median sale was AED 3,000,000 at AED 315/sqft, 21.3% above the same month last year. 2% of sales were off-plan.

Mirdif was the busiest community with 14 registered sales, while Trade Center First took the most money at AED 430.00M.

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 February 2006, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif140.0%AED 46.10MAED 3.23MAED 235/sqft0%
Al Satwa11+83.3%AED 19.36MAED 1.45MAED 622/sqft0%
Um Al Sheif7+250.0%AED 30.82MAED 4.28MAED 285/sqft0%
Al Mizhar First6+100.0%AED 11.10MAED 2.10MAED 177/sqft0%
Hor Al Anz6-25.0%AED 10.80MAED 890KAED 505/sqft0%
Al Barsha First5-16.7%AED 49.64MAED 11.81MAED 1,100/sqft0%
Al Barsha Third5-16.7%AED 11.74MAED 2.48MAED 160/sqft0%
Al Waheda5+400.0%AED 6.03MAED 1.25MAED 243/sqft0%
Nad Al Hamar5+66.7%AED 8.06MAED 1.64MAED 140/sqft0%
Al Jafliya4+300.0%AED 24.67MAED 2.44MAED 250/sqft0%
Al Mamzer4—AED 92.90MAED 23.00MAED 1,004/sqft0%
Al Muteena40.0%AED 24.56MAED 1.41MAED 725/sqft0%
Al Nahda Second4+33.3%AED 30.91MAED 7.87MAED 525/sqft0%
Al Rashidiya40.0%AED 5.40MAED 1.20MAED 238/sqft0%
Al Thanyah Fifth4-86.7%AED 8.20MAED 2.05MAED 191/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
Trade Center FirstAED 430.00M2
Marsa DubaiAED 108.00M2
Al MamzerAED 92.90M4
Al Nahda FirstAED 76.15M3
Al Thanyah ThirdAED 70.00M1
Al MararrAED 56.10M3
Al Barsha FirstAED 49.64M5
MirdifAED 46.10M14
NaifAED 39.95M4
Al Nahda SecondAED 30.91M4

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 February 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
6 Feb 2006Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 26,000/sqftAED 260,000,000
28 Feb 2006Trade Center First—BuildingExisting PropertiesNot specified12,500 sqftAED 13,600/sqftAED 170,000,000
20 Feb 2006Marsa DubaiELITE RESIDENCEDubai MarinaBuildingExisting PropertiesNot specified37,680 sqftAED 2,654/sqftAED 100,000,000
20 Feb 2006Al Thanyah Third—LandExisting PropertiesNot specified29,063 sqftAED 2,409/sqftAED 70,000,000
27 Feb 2006Al Mararr—BuildingExisting PropertiesNot specified18,013 sqftAED 2,307/sqftAED 41,554,100
28 Feb 2006Al Mamzer—BuildingExisting PropertiesNot specified25,726 sqftAED 1,399/sqftAED 36,000,000
13 Feb 2006Al Nahda First—BuildingExisting PropertiesNot specified24,753 sqftAED 1,200/sqftAED 29,703,600
21 Feb 2006Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 1,020/sqftAED 25,500,000
27 Feb 2006Al Raffa—BuildingExisting PropertiesNot specified15,078 sqftAED 1,658/sqftAED 25,000,000
14 Feb 2006Al Mamzer—LandExisting PropertiesNot specified26,386 sqftAED 910/sqftAED 24,000,000

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.