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Monthly report

Dubai property market — March 2006

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

Sales211Registered in March 2006down33.6% vs a year earlier
Total valueAED 1.50BRegistered in March 2006Across 59 communities
Price per sqftAED 333/sqftMedian across March 2006up18.5% vs a year earlier
Sale priceAED 2.48MMedian across March 20060% sold off-plan

In a sentence

The Land Department registered 211 property sales in March 2006, worth AED 1.50B in total, across 59 communities. That is 34% fewer than the same month a year earlier.

The median sale was AED 2,475,000 at AED 333/sqft, 18.5% above the same month last year. 0% of sales were off-plan.

Mirdif was the busiest community with 23 registered sales, while Al Nahda First took the most money at AED 140.66M.

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 2006, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif23+64.3%AED 85.42MAED 2.30MAED 240/sqft0%
Al Thanyah Fifth16+300.0%AED 33.90MAED 2.10MAED 195/sqft0%
Al Rashidiya10+150.0%AED 21.12MAED 1.50MAED 267/sqft0%
Al Barsha Third8+60.0%AED 21.04MAED 2.79MAED 180/sqft0%
Jumeirah First8+166.7%AED 76.86MAED 3.40MAED 447/sqft0%
Al Nahda First7+133.3%AED 140.66MAED 18.93MAED 659/sqft0%
Al Satwa7-36.4%AED 21.85MAED 1.70MAED 660/sqft0%
Nad Al Hamar7+40.0%AED 13.83MAED 1.95MAED 125/sqft0%
Al Waheda6+20.0%AED 12.45MAED 1.75MAED 309/sqft0%
Hor Al Anz60.0%AED 24.00MAED 1.60MAED 734/sqft0%
Um Suqaim First6—AED 21.42MAED 3.15MAED 348/sqft0%
Al Mamzer5+25.0%AED 99.90MAED 22.50MAED 875/sqft0%
Al Muteena5+25.0%AED 11.83MAED 1.70MAED 622/sqft0%
Al Raffa5+400.0%AED 56.01MAED 2.20MAED 771/sqft0%
Jumeirah Third5+150.0%AED 16.40MAED 2.80MAED 348/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 Nahda FirstAED 140.66M7
Al MamzerAED 99.90M5
Al Thanyah ThirdAED 97.00M1
Al Barsha FirstAED 94.86M4
MirdifAED 85.42M23
MankhoolAED 85.00M2
Jumeirah FirstAED 76.86M8
Wadi Al AmardiAED 65.51M2
Al RaffaAED 56.01M5
Al Nahda SecondAED 55.80M3

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 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
20 Mar 2006Al Thanyah Third—LandExisting PropertiesNot specified29,063 sqftAED 3,338/sqftAED 97,000,000
7 Mar 2006Mankhool—BuildingExisting PropertiesNot specified11,073 sqftAED 5,419/sqftAED 60,000,000
28 Mar 2006Al Barsha First—BuildingExisting PropertiesNot specified31,554 sqftAED 1,585/sqftAED 50,000,000
28 Mar 2006Wadi Al Amardi—LandExisting PropertiesNot specified522,511 sqftAED 92/sqftAED 48,071,104
8 Mar 2006Jumeirah First—BuildingExisting PropertiesNot specified39,691 sqftAED 1,039/sqftAED 41,250,000
13 Mar 2006Al Murqabat—BuildingExisting PropertiesNot specified10,466 sqftAED 3,344/sqftAED 35,000,000
6 Mar 2006Naif—BuildingExisting PropertiesNot specified20,299 sqftAED 1,500/sqftAED 30,448,500
27 Mar 2006Al Nahda Second—BuildingExisting PropertiesNot specified50,000 sqftAED 600/sqftAED 30,000,000
1 Mar 2006Muhaisanah First—LandExisting PropertiesNot specified199,837 sqftAED 150/sqftAED 30,000,000
29 Mar 2006Al Raffa—BuildingExisting PropertiesNot specified32,603 sqftAED 850/sqftAED 27,712,550

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.