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Monthly report

Dubai property market — May 2006

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

Sales248Registered in May 2006down19% vs a year earlier
Total valueAED 2.28BRegistered in May 2006Across 64 communities
Price per sqftAED 354/sqftMedian across May 2006up21.1% vs a year earlier
Sale priceAED 2.67MMedian across May 20060% sold off-plan

In a sentence

The Land Department registered 248 property sales in May 2006, worth AED 2.28B in total, across 64 communities. That is 19% fewer than the same month a year earlier.

The median sale was AED 2,675,000 at AED 354/sqft, 21.1% above the same month last year. 0% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 30 registered sales, while Al Safouh Second took the most money at AED 335.00M.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth30+1400.0%AED 62.49MAED 2.02MAED 196/sqft0%
Mirdif30+50.0%AED 129.30MAED 3.55MAED 263/sqft0%
Hor Al Anz100.0%AED 16.68MAED 1.55MAED 589/sqft0%
Al Barsha First8+100.0%AED 130.91MAED 16.24MAED 1,088/sqft0%
Um Suqaim First8+300.0%AED 22.70MAED 2.52MAED 418/sqft0%
Al Barsha Second7+250.0%AED 20.32MAED 2.77MAED 185/sqft0%
Al Satwa7-12.5%AED 10.83MAED 1.45MAED 580/sqft0%
Jumeirah First7+75.0%AED 99.78MAED 9.00MAED 459/sqft0%
Al Mararr6-25.0%AED 31.67MAED 4.40MAED 1,890/sqft0%
Al Rashidiya6+100.0%AED 8.03MAED 1.30MAED 267/sqft0%
Al Waheda6+20.0%AED 6.32MAED 1.19MAED 321/sqft0%
Muhaisanah Fourth6—AED 67.80MAED 12.30MAED 479/sqft0%
Al Bada50.0%AED 15.40MAED 2.75MAED 1,080/sqft0%
Um Suqaim Second5+66.7%AED 26.00MAED 3.77MAED 398/sqft0%
Abu Hail4+300.0%AED 5.65MAED 1.40MAED 454/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 Safouh SecondAED 335.00M2
Port SaeedAED 193.39M4
Madinat Dubai AlmelaheyahAED 137.78M1
Al Barsha FirstAED 130.91M8
MirdifAED 129.30M30
Al Thanyah ThirdAED 125.62M2
Jumeirah FirstAED 99.78M7
Al Safouh FirstAED 98.87M1
Nad Al ShibaAED 80.72M4
NaifAED 72.99M4

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 May 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
3 May 2006Al Safouh Second—Site ABuildingExisting PropertiesNot specified42,473 sqftAED 5,651/sqftAED 240,000,000
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
17 May 2006Al Thanyah Third—LandExisting PropertiesNot specified58,122 sqftAED 1,800/sqftAED 104,619,006
3 May 2006Al Safouh FirstShahrukhz by DanubeSufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 1,700/sqftAED 98,871,694
22 May 2006Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 1,676/sqftAED 95,000,000
22 May 2006Naif—BuildingExisting PropertiesNot specified5,942 sqftAED 9,256/sqftAED 55,000,000
17 May 2006Al Garhoud—BuildingExisting PropertiesNot specified20,000 sqftAED 1,950/sqftAED 39,000,000
10 May 2006Al Raffa—BuildingExisting PropertiesNot specified16,250 sqftAED 2,154/sqftAED 35,000,000
15 May 2006Al Khawaneej Second—BuildingExisting PropertiesNot specified561,599 sqftAED 62/sqftAED 34,819,200

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.