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Annual report

Dubai property market — 2007

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2007. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,082Registered in 2007up241.4% vs the year before
Total valueAED 53.67BRegistered in 2007Across 117 communities
Price per sqftAED 405/sqftMedian across 2007up39.9% vs the year before
Sale priceAED 1.60MMedian across 20070% sold off-plan

In a sentence

The Land Department registered 9,082 property sales in 2007, worth AED 53.67B in total, across 117 communities. That is 241% more than the year before.

The median sale was AED 1,600,000 at AED 405/sqft, 39.9% above the year before. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 2,153 registered sales, while Al Jadaf took the most money at AED 5.17B.

Against the previous year, Al Thanyah Third rose 953% to 537 sales, while Al Satwa fell 32% to 55.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2007, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth2,153+499.7%AED 3.34BAED 961KAED 253/sqft0%
Marsa Dubai2,017+8669.6%AED 5.16BAED 784KAED 538/sqft0%
Wadi Al Safa 6877+8670.0%AED 1.59BAED 1.72MAED 281/sqft0%
Al Thanyah Third537+952.9%AED 2.30BAED 661KAED 514/sqft0%
Palm Jumeirah375+37400.0%AED 2.17BAED 2.80MAED 388/sqft0%
Al Jadaf325+10733.3%AED 5.17BAED 13.97MAED 1,094/sqft0%
Al Thanyah Fifth309-22.9%AED 1.02BAED 2.28MAED 204/sqft0%
Mirdif280+29.6%AED 2.50BAED 4.59MAED 440/sqft0%
Al Warsan First186—AED 1.46BAED 2.68MAED 726/sqft0%
Jabal Ali Industrial First171+2342.9%AED 4.18BAED 22.00MAED 1,000/sqft0%
Nad Al Shiba108+285.7%AED 1.36BAED 7.13MAED 160/sqft0%
Hor Al Anz95-22.8%AED 385.11MAED 2.10MAED 965/sqft0%
Al Barsha First76+49.0%AED 2.71BAED 23.52MAED 1,350/sqft0%
Al Barsha Second71+61.4%AED 245.51MAED 3.15MAED 215/sqft0%
Al Barsha Third64+30.6%AED 253.41MAED 3.45MAED 230/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 JadafAED 5.17B325
Marsa DubaiAED 5.16B2,017
Jabal Ali Industrial FirstAED 4.18B171
Burj KhalifaAED 3.44B54
Al Thanayah FourthAED 3.34B2,153
Al Barsha FirstAED 2.71B76
MirdifAED 2.50B280
Al Thanyah ThirdAED 2.30B537
Palm JumeirahAED 2.17B375
Wadi Al Safa 6AED 1.59B877

Biggest movers

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

CommunitySalesChange
Al Thanyah Third537+952.9%
Al Thanayah Fourth2,153+499.7%
Al Barsha First76+49.0%
Al Satwa55-32.1%
Mirdif280+29.6%
Al Thanyah Fifth309-22.9%
Hor Al Anz95-22.8%

The largest sales of 2007

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
28 May 2007Trade Center First—LandExisting PropertiesNot specified88,178 sqftAED 11,341/sqftAED 1,000,000,000
1 Oct 2007Al Thanyah Third—LandExisting PropertiesNot specified46,287 sqftAED 10,370/sqftAED 480,000,000
8 Oct 2007Marsa DubaiAba Lux LivingDubai MarinaLandExisting PropertiesNot specified59,556 sqftAED 6,982/sqftAED 415,800,000
16 Jul 2007Burj KhalifaU-BORA TOWERSBusiness BayLandExisting PropertiesNot specified214,019 sqftAED 1,500/sqftAED 321,029,000
15 Mar 2007Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 7,193/sqftAED 312,000,000
25 Sept 2007Marsa DubaiAba Lux LivingDubai MarinaLandExisting PropertiesNot specified59,556 sqftAED 5,037/sqftAED 300,000,000
12 Jun 2007Marsa Dubai—LandExisting PropertiesNot specified52,909 sqftAED 5,670/sqftAED 300,000,000
12 Jun 2007Marsa DubaiJUMEIRAH LIVING MARINA GATEDubai MarinaBuildingExisting PropertiesNot specified61,760 sqftAED 4,858/sqftAED 300,000,000
12 Jun 2007Marsa Dubai—LandExisting PropertiesNot specified60,192 sqftAED 4,984/sqftAED 300,000,000
4 Jul 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified36,850 sqftAED 7,870/sqftAED 290,000,000

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.