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Quarterly report

Dubai property market — Q3 2006

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2006. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales513Registered in Q3 2006up15.5% vs a year earlier
Total valueAED 3.62BRegistered in Q3 2006Across 72 communities
Price per sqftAED 238/sqftMedian across Q3 2006down9.1% vs a year earlier
Sale priceAED 2.10MMedian across Q3 20060% sold off-plan

In a sentence

The Land Department registered 513 property sales in Q3 2006, worth AED 3.62B in total, across 72 communities. That is 16% more than the same quarter a year earlier.

The median sale was AED 2,100,000 at AED 238/sqft, 9.1% below the same quarter last year. 0% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 172 registered sales, while Al Thanyah Third took the most money at AED 590.51M.

Against the previous quarter, Al Thanyah Fifth rose 89% to 172 sales, while Mirdif fell 27% to 55.

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 Q3 2006, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth172+89.0%AED 381.67MAED 2.10MAED 195/sqft0%
Mirdif55-26.7%AED 186.56MAED 2.62MAED 280/sqft0%
Hor Al Anz20-28.6%AED 35.06MAED 1.25MAED 592/sqft0%
Al Satwa15-28.6%AED 24.91MAED 1.70MAED 700/sqft0%
Al Thanayah Fourth13+225.0%AED 33.93MAED 1.38MAED 216/sqft0%
Al Barsha Second12-33.3%AED 41.20MAED 3.03MAED 212/sqft0%
Al Rashidiya11-21.4%AED 17.51MAED 1.59MAED 290/sqft0%
Al Barsha Third10+11.1%AED 29.45MAED 2.96MAED 200/sqft0%
Abu Hail8+14.3%AED 12.22MAED 1.57MAED 506/sqft0%
Al Bada8-38.5%AED 17.50MAED 2.15MAED 793/sqft0%
Al Warqa Third8-20.0%AED 10.32MAED 1.38MAED 111/sqft0%
Al Nahda Second7-36.4%AED 134.48MAED 12.41MAED 650/sqft0%
Al Thanyah Third7-22.2%AED 590.51MAED 25.95MAED 540/sqft0%
Al Waheda7-61.1%AED 12.05MAED 1.64MAED 500/sqft0%
Al Barsha First6-62.5%AED 139.92MAED 20.10MAED 1,250/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 ThirdAED 590.51M7
Al Thanyah FifthAED 381.67M172
Marsa DubaiAED 189.49M6
MirdifAED 186.56M55
Al MurqabatAED 141.70M4
Al Barsha FirstAED 139.92M6
Al Nahda SecondAED 134.48M7
Al RaffaAED 129.90M4
Al KaramaAED 129.30M3
Al Safouh FirstAED 126.00M1

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 Fifth172+89.0%
Mirdif55-26.7%

The largest sales of Q3 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
30 Aug 2006Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 4,304/sqftAED 238,000,000
30 Aug 2006Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 3,536/sqftAED 210,000,000
6 Sept 2006Al Safouh FirstACACIA AVENUESTECOM Site BLandExisting PropertiesNot specified1,005,591 sqftAED 125/sqftAED 126,000,000
10 Jul 2006Al Murqabat—BuildingExisting PropertiesNot specified23,422 sqftAED 5,330/sqftAED 124,848,485
19 Sept 2006Al Raffa—BuildingExisting PropertiesNot specified21,944 sqftAED 5,241/sqftAED 115,000,000
19 Jul 2006Al Karama—BuildingExisting PropertiesNot specified20,000 sqftAED 5,750/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

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.