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Quarterly report

Dubai property market — Q2 2006

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2006. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales684Registered in Q2 2006down9.3% vs a year earlier
Total valueAED 5.56BRegistered in Q2 2006Across 88 communities
Price per sqftAED 338/sqftMedian across Q2 2006up12.6% vs a year earlier
Sale priceAED 2.63MMedian across Q2 20060% sold off-plan

In a sentence

The Land Department registered 684 property sales in Q2 2006, worth AED 5.56B in total, across 88 communities. That is 9% fewer than the same quarter a year earlier.

The median sale was AED 2,625,000 at AED 338/sqft, 12.6% above the same quarter last year. 0% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 91 registered sales, while Al Safouh Second took the most money at AED 585.00M.

Against the previous quarter, Al Thanyah Fifth rose 82% to 91 sales.

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 Q2 2006, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth91+82.0%AED 192.01MAED 2.10MAED 195/sqft0%
Mirdif75+47.1%AED 322.59MAED 3.30MAED 267/sqft0%
Hor Al Anz28+40.0%AED 53.05MAED 1.72MAED 592/sqft0%
Muhaisanah Fourth22—AED 252.60MAED 10.90MAED 479/sqft0%
Al Satwa21-12.5%AED 50.89MAED 1.70MAED 680/sqft0%
Al Mararr19+58.3%AED 125.28MAED 5.70MAED 2,182/sqft0%
Al Barsha Second18+125.0%AED 50.63MAED 2.74MAED 182/sqft0%
Al Waheda18+50.0%AED 32.22MAED 1.42MAED 330/sqft0%
Al Barsha First16+6.7%AED 266.19MAED 13.89MAED 1,000/sqft0%
Al Rashidiya14-22.2%AED 16.77MAED 1.29MAED 238/sqft0%
Al Bada13+85.7%AED 50.80MAED 2.75MAED 340/sqft0%
Nad Al Hamar13-13.3%AED 101.82MAED 1.89MAED 143/sqft0%
Nad Al Shiba13+160.0%AED 147.20MAED 7.00MAED 150/sqft0%
Um Suqaim First13+85.7%AED 59.56MAED 3.55MAED 469/sqft0%
Al Muteena12-7.7%AED 32.73MAED 1.70MAED 635/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 585.00M3
MirdifAED 322.59M75
Al Thanyah ThirdAED 315.47M9
Al Barsha FirstAED 266.19M16
Port SaeedAED 259.89M6
Muhaisanah FourthAED 252.60M22
Al Thanyah FifthAED 192.01M91
Marsa DubaiAED 181.76M4
NaifAED 164.30M11
Al Nahda SecondAED 163.40M11

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
Al Thanyah Fifth91+82.0%
Mirdif75+47.1%

The largest sales of Q2 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
19 Apr 2006Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 5,764/sqftAED 250,000,000
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
26 Jun 2006Marsa DubaiSix Senses Residences Dubai MarinaDubai MarinaBuildingExisting PropertiesNot specified37,677 sqftAED 2,389/sqftAED 90,000,000
5 Jun 2006Marsa DubaiAeternitas TowerDubai MarinaLandExisting PropertiesNot specified37,678 sqftAED 2,322/sqftAED 87,500,000
24 Apr 2006Nad Al Hamar—LandExisting PropertiesNot specified261,811 sqftAED 280/sqftAED 73,307,080

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.