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Quarterly report

Dubai property market — Q1 2006

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2006. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales530Registered in Q1 2006down42.9% vs a year earlier
Total valueAED 3.81BRegistered in Q1 2006Across 81 communities
Price per sqftAED 308/sqftMedian across Q1 2006up15.7% vs a year earlier
Sale priceAED 2.47MMedian across Q1 20061% sold off-plan

In a sentence

The Land Department registered 530 property sales in Q1 2006, worth AED 3.81B in total, across 81 communities. That is 43% fewer than the same quarter a year earlier.

The median sale was AED 2,469,204 at AED 308/sqft, 15.7% above the same quarter last year. 1% of sales were off-plan.

Mirdif was the busiest community with 51 registered sales, while Trade Center First took the most money at AED 430.00M.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2006, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Mirdif51+37.8%AED 168.29MAED 2.60MAED 240/sqft0%
Al Thanyah Fifth50+1150.0%AED 104.53MAED 2.10MAED 194/sqft0%
Al Satwa24-4.0%AED 49.66MAED 1.52MAED 626/sqft0%
Hor Al Anz200.0%AED 56.42MAED 1.38MAED 663/sqft0%
Al Barsha Third19+5.6%AED 54.49MAED 2.52MAED 170/sqft0%
Al Rashidiya18+38.5%AED 32.32MAED 1.49MAED 254/sqft0%
Al Barsha First15+7.1%AED 230.74MAED 11.88MAED 1,000/sqft0%
Nad Al Hamar15+200.0%AED 25.43MAED 1.73MAED 122/sqft0%
Al Muteena13+550.0%AED 43.78MAED 1.46MAED 584/sqft0%
Jumeirah First13+225.0%AED 98.70MAED 3.10MAED 424/sqft0%
Al Mararr12+140.0%AED 102.97MAED 4.75MAED 1,873/sqft0%
Al Mizhar First12+200.0%AED 27.22MAED 2.02MAED 150/sqft0%
Al Waheda12+71.4%AED 20.38MAED 1.50MAED 260/sqft0%
Al Nahda First11+450.0%AED 234.31MAED 20.60MAED 701/sqft0%
Abu Hail10-23.1%AED 9.43MAED 1.11MAED 344/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
Al Nahda FirstAED 234.31M11
Al Barsha FirstAED 230.74M15
Al MamzerAED 192.80M9
MirdifAED 168.29M51
Al Thanyah ThirdAED 167.00M2
Al KaramaAED 141.98M5
Al Nahda SecondAED 111.44M10
Marsa DubaiAED 108.00M2
NaifAED 104.88M10

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange

The largest sales of Q1 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
16 Jan 2006Al Karama—BuildingExisting PropertiesNot specified19,105 sqftAED 6,124/sqftAED 117,000,000
20 Feb 2006Marsa DubaiELITE RESIDENCEDubai MarinaBuildingExisting PropertiesNot specified37,680 sqftAED 2,654/sqftAED 100,000,000
20 Mar 2006Al Thanyah Third—LandExisting PropertiesNot specified29,063 sqftAED 3,338/sqftAED 97,000,000
20 Feb 2006Al Thanyah Third—LandExisting PropertiesNot specified29,063 sqftAED 2,409/sqftAED 70,000,000
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
27 Feb 2006Al Mararr—BuildingExisting PropertiesNot specified18,013 sqftAED 2,307/sqftAED 41,554,100

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.