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Monthly report

Dubai property market — May 2007

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

Sales507Registered in May 2007up104.4% vs a year earlier
Total valueAED 4.29BRegistered in May 2007Across 74 communities
Price per sqftAED 348/sqftMedian across May 2007down1.4% vs a year earlier
Sale priceAED 2.60MMedian across May 20070% sold off-plan

In a sentence

The Land Department registered 507 property sales in May 2007, worth AED 4.29B in total, across 74 communities. That is 104% more than the same month a year earlier.

The median sale was AED 2,600,000 at AED 348/sqft, 1.4% below the same month last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 84 registered sales, while Trade Center First took the most money at AED 1.00B.

Against the previous month, Al Thanayah Fourth rose 33% to 84 sales.

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 May 2007, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth84+33.3%AED 201.80MAED 1.47MAED 238/sqft0%
Wadi Al Safa 658+38.1%AED 136.13MAED 2.16MAED 289/sqft0%
Al Thanyah Fifth52+108.0%AED 154.88MAED 2.10MAED 204/sqft2%
Palm Jumeirah33-26.7%AED 149.14MAED 4.65MAED 388/sqft0%
Al Thanyah Third24+200.0%AED 95.19MAED 869KAED 443/sqft0%
Mirdif24+41.2%AED 114.76MAED 3.67MAED 380/sqft0%
Hor Al Anz15+25.0%AED 44.54MAED 2.00MAED 814/sqft0%
Nad Al Shiba14+55.6%AED 94.67MAED 6.07MAED 140/sqft0%
Al Warsan First13+116.7%AED 232.19MAED 15.54MAED 990/sqft0%
Al Waheda11+175.0%AED 16.77MAED 1.60MAED 379/sqft0%
Marsa Dubai11—AED 210.49MAED 11.30MAED 869/sqft0%
Al Warqa Third10+150.0%AED 18.29MAED 1.68MAED 140/sqft0%
Al Barsha First7+40.0%AED 277.25MAED 28.60MAED 1,335/sqft0%
Al Baraha6+100.0%AED 47.06MAED 7.85MAED 3,402/sqft0%
Al Goze First6+50.0%AED 12.82MAED 2.19MAED 205/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
Trade Center FirstAED 1.00B1
Al Barsha FirstAED 277.25M7
Al Warsan FirstAED 232.19M13
MankhoolAED 219.46M4
Marsa DubaiAED 210.49M11
Al Thanayah FourthAED 201.80M84
Al Thanyah FifthAED 154.88M52
Palm JumeirahAED 149.14M33
Wadi Al Safa 6AED 136.13M58
MirdifAED 114.76M24

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
Al Thanayah Fourth84+33.3%

The largest sales of May 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
7 May 2007Al Barsha First—BuildingExisting PropertiesNot specified15,405 sqftAED 7,790/sqftAED 120,000,000
24 May 2007Al Karama—BuildingExisting PropertiesNot specified25,650 sqftAED 3,509/sqftAED 90,000,000
1 May 2007Burj KhalifaCRYSTAL TOWERBusiness BayLandExisting PropertiesNot specified54,668 sqftAED 1,500/sqftAED 82,002,000
23 May 2007Mankhool—LandExisting PropertiesNot specified28,665 sqftAED 2,500/sqftAED 71,662,500
24 May 2007Al Suq Al Kabeer—BuildingExisting PropertiesNot specified45,974 sqftAED 1,523/sqftAED 70,000,000
23 May 2007Mankhool—BuildingExisting PropertiesNot specified26,919 sqftAED 2,500/sqftAED 67,297,500
7 May 2007Nad Al Hamar—BuildingExisting PropertiesNot specified124,583 sqftAED 500/sqftAED 62,296,000
7 May 2007Al Thanyah Third—LandExisting PropertiesNot specified113,715 sqftAED 525/sqftAED 59,754,000
2 May 2007Marsa DubaiZUMURUD DUBAI MARINADubai MarinaBuildingExisting PropertiesNot specified41,089 sqftAED 1,368/sqftAED 56,227,420

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.