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Monthly report

Dubai property market — July 2007

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

Sales862Registered in July 2007up410.1% vs a year earlier
Total valueAED 4.10BRegistered in July 2007Across 65 communities
Price per sqftAED 307/sqftMedian across July 2007up9.5% vs a year earlier
Sale priceAED 1.43MMedian across July 20070% sold off-plan

In a sentence

The Land Department registered 862 property sales in July 2007, worth AED 4.10B in total, across 65 communities. That is 410% more than the same month a year earlier.

The median sale was AED 1,426,878 at AED 307/sqft, 9.5% above the same month last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 388 registered sales, while Burj Khalifa took the most money at AED 608.67M.

Against the previous month, Al Thanayah Fourth fell 18% to 388.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth388-17.8%AED 555.21MAED 928KAED 263/sqft0%
Wadi Al Safa 6101+494.1%AED 206.44MAED 1.99MAED 242/sqft0%
Marsa Dubai49+4.3%AED 506.82MAED 949KAED 363/sqft0%
Al Thanyah Third48+92.0%AED 201.06MAED 638KAED 479/sqft0%
Al Thanyah Fifth43+186.7%AED 131.97MAED 2.40MAED 217/sqft0%
Al Warsan First30+172.7%AED 145.19MAED 407KAED 625/sqft0%
Palm Jumeirah30+7.1%AED 159.25MAED 4.65MAED 388/sqft0%
Mirdif16+6.7%AED 80.61MAED 4.56MAED 405/sqft0%
Nad Al Shiba10-47.4%AED 99.97MAED 9.27MAED 225/sqft0%
Al Barsha Third9+28.6%AED 31.43MAED 3.45MAED 240/sqft0%
Al Raffa9+800.0%AED 21.58MAED 2.01MAED 355/sqft0%
Al Barsha First8-38.5%AED 196.71MAED 19.43MAED 775/sqft0%
Al Rashidiya60.0%AED 12.20MAED 1.75MAED 290/sqft0%
Al Twar First6—AED 9.67MAED 1.88MAED 189/sqft0%
Al Waheda6+20.0%AED 11.18MAED 1.56MAED 563/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
Burj KhalifaAED 608.67M5
Al Thanayah FourthAED 555.21M388
Marsa DubaiAED 506.82M49
Wadi Al Safa 6AED 206.44M101
Al Thanyah ThirdAED 201.06M48
Al Barsha FirstAED 196.71M8
Palm JumeirahAED 159.25M30
Al Warsan FirstAED 145.19M30
Al Thanyah FifthAED 131.97M43
Um Hurair SecondAED 131.78M2

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 Fourth388-17.8%

The largest sales of July 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
16 Jul 2007Burj KhalifaU-BORA TOWERSBusiness BayLandExisting PropertiesNot specified214,019 sqftAED 1,500/sqftAED 321,029,000
4 Jul 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified36,850 sqftAED 7,870/sqftAED 290,000,000
25 Jul 2007Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified19,390 sqftAED 6,343/sqftAED 123,000,000
3 Jul 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified35,134 sqftAED 3,416/sqftAED 120,000,000
4 Jul 2007Burj Khalifa—Business BayLandExisting PropertiesNot specified64,421 sqftAED 1,500/sqftAED 96,632,000
30 Jul 2007Al Thanyah Third—LandExisting PropertiesNot specified35,200 sqftAED 2,614/sqftAED 92,000,000
4 Jul 2007Al Nahda Second—BuildingExisting PropertiesNot specified23,511 sqftAED 3,594/sqftAED 84,500,000
2 Jul 2007Burj KhalifaCLOVER BAYBusiness BayLandExisting PropertiesNot specified65,152 sqftAED 1,151/sqftAED 75,000,000
30 Jul 2007Jumeirah First—LandExisting PropertiesNot specified40,000 sqftAED 1,500/sqftAED 60,000,000
30 Jul 2007Burj KhalifaBAY'S EDGEBusiness BayLandExisting PropertiesNot specified52,588 sqftAED 1,125/sqftAED 59,162,000

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.