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Quarterly report

Dubai property market — Q4 2006

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2006. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales933Registered in Q4 2006up115.5% vs a year earlier
Total valueAED 5.74BRegistered in Q4 2006Across 76 communities
Price per sqftAED 280/sqftMedian across Q4 2006down15% vs a year earlier
Sale priceAED 2.19MMedian across Q4 20060% sold off-plan

In a sentence

The Land Department registered 933 property sales in Q4 2006, worth AED 5.74B in total, across 76 communities. That is 115% more than the same quarter a year earlier.

The median sale was AED 2,188,800 at AED 280/sqft, 15% below the same quarter last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 341 registered sales, and also took the most money at AED 687.26M.

Against the previous quarter, Al Thanyah Fifth fell 49% to 88.

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 Q4 2006, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth341+2523.1%AED 687.26MAED 1.56MAED 232/sqft0%
Al Thanyah Fifth88-48.8%AED 256.79MAED 2.10MAED 204/sqft0%
Hor Al Anz55+175.0%AED 148.79MAED 1.85MAED 867/sqft0%
Mirdif35-36.4%AED 156.42MAED 2.90MAED 347/sqft0%
Al Thanyah Third33+371.4%AED 244.72MAED 4.07MAED 378/sqft0%
Al Satwa21+40.0%AED 48.94MAED 2.00MAED 740/sqft0%
Al Rashidiya16+45.5%AED 25.52MAED 1.50MAED 366/sqft0%
Nad Al Hamar15+200.0%AED 56.65MAED 2.33MAED 147/sqft0%
Al Barsha First14+133.3%AED 307.06MAED 18.01MAED 1,050/sqft0%
Al Muteena12+300.0%AED 74.58MAED 3.00MAED 774/sqft0%
Al Warqa First12+1100.0%AED 74.87MAED 5.70MAED 380/sqft0%
Abu Hail11+37.5%AED 17.38MAED 1.45MAED 503/sqft0%
Al Barsha Third11+10.0%AED 40.31MAED 3.30MAED 220/sqft0%
Marsa Dubai11+83.3%AED 480.57MAED 39.29MAED 640/sqft0%
Um Suqaim First11+175.0%AED 52.65MAED 3.80MAED 595/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 687.26M341
Marsa DubaiAED 480.57M11
Palm JumeirahAED 436.11M1
Al Barsha FirstAED 307.06M14
Al Thanyah FifthAED 256.79M88
Al Thanyah ThirdAED 244.72M33
Al Nahda SecondAED 235.10M10
Rega Al ButeenAED 229.45M3
Al RaffaAED 174.99M10
MankhoolAED 173.88M8

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 Fifth88-48.8%

The largest sales of Q4 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
22 Nov 2006Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified4,894,293 sqftAED 89/sqftAED 436,109,375
29 Nov 2006Um Hurair Second—Dubai Health Care City Phase 1LandExisting PropertiesNot specified35,817 sqftAED 3,630/sqftAED 130,000,000
25 Dec 2006Al Safouh First—Sufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 1,719/sqftAED 100,000,000
15 Nov 2006Rega Al Buteen—BuildingExisting PropertiesNot specified15,000 sqftAED 6,333/sqftAED 95,000,000
16 Nov 2006Marsa DubaiTRIDENT GRANDDubai MarinaBuildingExisting PropertiesNot specified83,143 sqftAED 1,076/sqftAED 89,468,280
2 Oct 2006Marsa DubaiSTELLA MARISDubai MarinaBuildingExisting PropertiesNot specified35,718 sqftAED 2,000/sqftAED 71,436,000
11 Dec 2006Al Barsha First—BuildingExisting PropertiesNot specified12,007 sqftAED 5,663/sqftAED 68,000,000
1 Nov 2006Rega Al Buteen—LandExisting PropertiesNot specified21,208 sqftAED 3,200/sqftAED 67,865,600
1 Nov 2006Rega Al Buteen—BuildingExisting PropertiesNot specified20,808 sqftAED 3,200/sqftAED 66,585,600
20 Dec 2006Al Raffa—BuildingExisting PropertiesNot specified48,423 sqftAED 1,363/sqftAED 66,000,000

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.