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Monthly report

Dubai property market — September 2006

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

Sales200Registered in September 2006up22% vs a year earlier
Total valueAED 1.53BRegistered in September 2006Across 50 communities
Price per sqftAED 223/sqftMedian across September 2006down16% vs a year earlier
Sale priceAED 2.10MMedian across September 20060% sold off-plan

In a sentence

The Land Department registered 200 property sales in September 2006, worth AED 1.53B in total, across 50 communities. That is 22% more than the same month a year earlier.

The median sale was AED 2,100,000 at AED 223/sqft, 16% below the same month last year. 0% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 73 registered sales, and also took the most money at AED 169.35M.

Against the previous month, Al Thanyah Fifth rose 40% to 73 sales.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth73+40.4%AED 169.35MAED 2.10MAED 195/sqft0%
Mirdif21+90.9%AED 64.73MAED 2.60MAED 260/sqft0%
Al Thanayah Fourth11+1000.0%AED 19.29MAED 1.38MAED 205/sqft0%
Al Barsha Third8+700.0%AED 23.23MAED 2.93MAED 198/sqft0%
Hor Al Anz7-12.5%AED 16.51MAED 1.15MAED 581/sqft0%
Al Mamzer6—AED 91.10MAED 16.55MAED 828/sqft0%
Al Satwa6+20.0%AED 9.71MAED 1.64MAED 709/sqft0%
Al Rashidiya50.0%AED 10.43MAED 2.00MAED 361/sqft0%
Al Nahda Second4+300.0%AED 80.66MAED 15.01MAED 678/sqft0%
Muhaisanah Third4+300.0%AED 7.30MAED 1.70MAED 113/sqft0%
Um Suqaim First3—AED 18.61MAED 4.20MAED 467/sqft0%
Abu Hail2-50.0%AED 4.17MAED 2.08MAED 538/sqft0%
Al Bada2-60.0%AED 5.40MAED 2.70MAED 1,139/sqft0%
Al Barsha Second2-71.4%AED 5.25MAED 2.63MAED 213/sqft0%
Al Mararr2—AED 14.35MAED 7.17MAED 4,849/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 FifthAED 169.35M73
Al Safouh FirstAED 126.00M1
Al RaffaAED 115.00M1
Muhaisanah FirstAED 106.89M2
Al GarhoudAED 100.00M1
Al MamzerAED 91.10M6
Oud MethaAED 90.00M1
Al Nahda SecondAED 80.66M4
Port SaeedAED 75.00M1
Marsa DubaiAED 71.00M2

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
Al Thanyah Fifth73+40.4%

The largest sales of September 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 Sept 2006Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 125/sqftAED 126,000,000
19 Sept 2006Al Raffa—BuildingExisting PropertiesNot specified21,944 sqftAED 5,241/sqftAED 115,000,000
25 Sept 2006Muhaisanah First—LandExisting PropertiesNot specified375,500 sqftAED 280/sqftAED 105,214,200
5 Sept 2006Al Garhoud—BuildingExisting PropertiesNot specified89,099 sqftAED 1,122/sqftAED 100,000,000
14 Sept 2006Oud Metha—BuildingExisting PropertiesNot specified26,147 sqftAED 3,442/sqftAED 90,000,000
25 Sept 2006Port Saeed—BuildingExisting PropertiesNot specified21,270 sqftAED 3,526/sqftAED 75,000,000
25 Sept 2006Al Rega—BuildingExisting PropertiesNot specified9,698 sqftAED 6,300/sqftAED 61,100,000
7 Sept 2006Marsa Dubai—Dubai MarinaLandExisting PropertiesNot specified70,712 sqftAED 622/sqftAED 44,000,000
28 Sept 2006Al Nahda Second—BuildingExisting PropertiesNot specified16,050 sqftAED 2,567/sqftAED 41,200,000
6 Sept 2006Al Barsha First—BuildingExisting PropertiesNot specified11,968 sqftAED 3,008/sqftAED 36,000,000

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.