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Monthly report

Dubai property market — March 2007

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

Sales453Registered in March 2007up114.7% vs a year earlier
Total valueAED 2.96BRegistered in March 2007Across 66 communities
Price per sqftAED 306/sqftMedian across March 2007down8.3% vs a year earlier
Sale priceAED 2.45MMedian across March 20070% sold off-plan

In a sentence

The Land Department registered 453 property sales in March 2007, worth AED 2.96B in total, across 66 communities. That is 115% more than the same month a year earlier.

The median sale was AED 2,451,888 at AED 306/sqft, 8.3% below the same month last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 101 registered sales, while Al Safouh Second took the most money at AED 312.00M.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth101+274.1%AED 292.23MAED 2.07MAED 281/sqft0%
Al Thanyah Fifth67+157.7%AED 179.52MAED 2.10MAED 197/sqft0%
Wadi Al Safa 653+47.2%AED 104.81MAED 1.88MAED 229/sqft0%
Nad Al Shiba18+157.1%AED 116.56MAED 5.49MAED 145/sqft0%
Mirdif16-20.0%AED 54.50MAED 3.15MAED 295/sqft0%
Al Warsan First14—AED 225.38MAED 13.99MAED 1,043/sqft0%
Al Thanyah Third13+160.0%AED 161.05MAED 5.95MAED 583/sqft0%
Palm Jumeirah13+8.3%AED 50.80MAED 4.65MAED 347/sqft0%
Hor Al Anz12+140.0%AED 54.26MAED 2.00MAED 962/sqft0%
Al Satwa11+83.3%AED 36.90MAED 2.35MAED 900/sqft0%
Al Mararr9+200.0%AED 64.89MAED 6.85MAED 2,681/sqft0%
Al Warqa Third9+50.0%AED 13.42MAED 1.45MAED 120/sqft0%
Al Rashidiya7+40.0%AED 12.60MAED 1.40MAED 306/sqft0%
Jumeirah First7+75.0%AED 196.29MAED 4.98MAED 550/sqft0%
Abu Hail5+150.0%AED 7.03MAED 1.50MAED 596/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 312.00M1
Al Thanayah FourthAED 292.23M101
Al Warsan FirstAED 225.38M14
Jumeirah FirstAED 196.29M7
Al Thanyah FifthAED 179.52M67
Al MurqabatAED 162.29M5
Al Thanyah ThirdAED 161.05M13
Al Barsha FirstAED 124.08M3
Nad Al ShibaAED 116.56M18
Wadi Al Safa 6AED 104.81M53

Biggest movers

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

CommunitySalesChange

The largest sales of March 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
15 Mar 2007Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 7,193/sqftAED 312,000,000
5 Mar 2007Jumeirah First—BuildingExisting PropertiesNot specified210,530 sqftAED 784/sqftAED 165,000,000
27 Mar 2007Al Goze Industrial Third—BuildingExisting PropertiesNot specified39,005 sqftAED 2,372/sqftAED 92,500,000
26 Mar 2007Al Raffa—LandExisting PropertiesNot specified73,705 sqftAED 1,005/sqftAED 74,100,000
15 Mar 2007Al Barsha First—BuildingExisting PropertiesNot specified15,405 sqftAED 4,252/sqftAED 65,500,000
26 Mar 2007Al Thanyah Third—LandExisting PropertiesNot specified53,520 sqftAED 1,200/sqftAED 64,224,624
20 Mar 2007Al Murqabat—BuildingExisting PropertiesNot specified32,332 sqftAED 1,700/sqftAED 54,964,400
14 Mar 2007Al Murqabat—BuildingExisting PropertiesNot specified11,850 sqftAED 4,219/sqftAED 50,000,000
22 Mar 2007Al Barsha First—LandExisting PropertiesNot specified35,825 sqftAED 1,210/sqftAED 43,348,250
12 Mar 2007Al Garhoud—BuildingExisting PropertiesNot specified23,640 sqftAED 1,500/sqftAED 35,460,000

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.