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Monthly report

Dubai property market — December 2006

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

Sales397Registered in December 2006up196.3% vs a year earlier
Total valueAED 2.39BRegistered in December 2006Across 58 communities
Price per sqftAED 309/sqftMedian across December 2006down24.6% vs a year earlier
Sale priceAED 2.50MMedian across December 20060% sold off-plan

In a sentence

The Land Department registered 397 property sales in December 2006, worth AED 2.39B in total, across 58 communities. That is 196% more than the same month a year earlier.

The median sale was AED 2,500,000 at AED 309/sqft, 24.6% below the same month last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 131 registered sales, and also took the most money at AED 292.02M.

Against the previous month, Al Thanayah Fourth rose 28% to 131 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 December 2006, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth131+28.4%AED 292.02MAED 1.59MAED 222/sqft0%
Al Thanyah Fifth30-9.1%AED 80.72MAED 2.10MAED 197/sqft0%
Al Thanyah Third24+242.9%AED 97.10MAED 3.32MAED 363/sqft0%
Hor Al Anz18-30.8%AED 53.96MAED 1.90MAED 954/sqft0%
Al Warqa First12—AED 74.87MAED 5.70MAED 380/sqft0%
Mirdif12-7.7%AED 62.52MAED 2.75MAED 368/sqft0%
Wadi Al Safa 610—AED 18.55MAED 1.94MAED 231/sqft0%
Al Satwa9+12.5%AED 21.15MAED 2.00MAED 760/sqft0%
Abu Hail8+300.0%AED 13.48MAED 1.63MAED 512/sqft0%
Al Raffa8+700.0%AED 166.49MAED 9.70MAED 1,051/sqft0%
Nad Al Hamar8+60.0%AED 41.39MAED 2.50MAED 151/sqft0%
Al Barsha First7+75.0%AED 203.67MAED 18.75MAED 900/sqft0%
Al Barsha Third5+150.0%AED 16.91MAED 2.91MAED 185/sqft0%
Al Jafliya5+400.0%AED 28.99MAED 7.00MAED 223/sqft0%
Al Khabeesi5+400.0%AED 11.09MAED 2.50MAED 500/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 Thanayah FourthAED 292.02M131
Al Barsha FirstAED 203.67M7
Al RaffaAED 166.49M8
Nad Al ShibaAED 115.41M4
Marsa DubaiAED 114.18M4
Al Safouh FirstAED 100.00M1
Al Thanyah ThirdAED 97.10M24
Al Nahda SecondAED 91.86M4
MankhoolAED 85.73M4
Al Thanyah FifthAED 80.72M30

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 Thanayah Fourth131+28.4%

The largest sales of December 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
25 Dec 2006Al Safouh First—Sufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 1,719/sqftAED 100,000,000
11 Dec 2006Al Barsha First—BuildingExisting PropertiesNot specified12,007 sqftAED 5,663/sqftAED 68,000,000
20 Dec 2006Al Raffa—BuildingExisting PropertiesNot specified48,423 sqftAED 1,363/sqftAED 66,000,000
20 Dec 2006Nad Al ShibaCENTRIUM TOWERInternational Media Production ZoneLandExisting PropertiesNot specified104,556 sqftAED 527/sqftAED 55,120,060
20 Dec 2006Marsa DubaiFranck muller VanguardTECOM Site DBuildingExisting PropertiesNot specified72,104 sqftAED 659/sqftAED 47,500,000
19 Dec 2006Jumeirah First—VillaExisting PropertiesNot specified40,000 sqftAED 1,100/sqftAED 44,000,000
19 Dec 2006Al Nahda Second—BuildingExisting PropertiesNot specified16,523 sqftAED 2,542/sqftAED 42,000,000
20 Dec 2006Nad Al Shiba—LandExisting PropertiesNot specified4,126,478 sqftAED 10/sqftAED 41,264,925
7 Dec 2006Al Barsha First—BuildingExisting PropertiesNot specified12,000 sqftAED 3,333/sqftAED 40,000,000
25 Dec 2006Al Raffa—LandExisting PropertiesNot specified30,102 sqftAED 1,262/sqftAED 38,000,000

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.