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Monthly report

Dubai property market — October 2007

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

Sales1,453Registered in October 2007up518.3% vs a year earlier
Total valueAED 7.85BRegistered in October 2007Across 65 communities
Price per sqftAED 538/sqftMedian across October 2007up115.3% vs a year earlier
Sale priceAED 923KMedian across October 20070% sold off-plan

In a sentence

The Land Department registered 1,453 property sales in October 2007, worth AED 7.85B in total, across 65 communities. That is 518% more than the same month a year earlier.

The median sale was AED 922,983 at AED 538/sqft, 115.3% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 672 registered sales, and also took the most money at AED 1.14B.

Against the previous month, Marsa Dubai rose 104% to 672 sales, while Wadi Al Safa 6 fell 21% to 68.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai672+104.3%AED 1.14BAED 775KAED 538/sqft0%
Al Thanayah Fourth176+8.6%AED 230.91MAED 794KAED 256/sqft0%
Al Thanyah Third96+50.0%AED 713.99MAED 598KAED 515/sqft0%
Al Jadaf78+59.2%AED 1.09BAED 12.73MAED 1,000/sqft0%
Al Warsan First72+700.0%AED 46.06MAED 384KAED 638/sqft0%
Wadi Al Safa 668-20.9%AED 105.69MAED 1.05MAED 295/sqft0%
Mirdif39+25.8%AED 653.18MAED 9.50MAED 743/sqft0%
Palm Jumeirah36+20.0%AED 234.27MAED 4.65MAED 388/sqft0%
Al Barsha Second23+360.0%AED 66.20MAED 1.80MAED 120/sqft0%
Jabal Ali Industrial First210.0%AED 452.75MAED 20.00MAED 1,000/sqft0%
Al Barsha Third13+333.3%AED 48.45MAED 1.50MAED 98/sqft0%
Al Thanyah Fifth13-13.3%AED 61.11MAED 4.28MAED 426/sqft0%
Hor Al Anz12+300.0%AED 31.69MAED 2.25MAED 935/sqft0%
Al Barsha First11+120.0%AED 324.81MAED 23.50MAED 1,400/sqft0%
Burj Khalifa11+1000.0%AED 787.01MAED 58.92MAED 1,125/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
Marsa DubaiAED 1.14B672
Al JadafAED 1.09B78
Burj KhalifaAED 787.01M11
Al Thanyah ThirdAED 713.99M96
MirdifAED 653.18M39
Jabal Ali Industrial FirstAED 452.75M21
Al Barsha FirstAED 324.81M11
Palm JumeirahAED 234.27M36
Al Thanayah FourthAED 230.91M176
Trade Center SecondAED 220.97M1

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
Marsa Dubai672+104.3%
Al Thanyah Third96+50.0%
Wadi Al Safa 668-20.9%
Al Thanayah Fourth176+8.6%

The largest sales of October 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
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
1 Oct 2007Trade Center Second—LandExisting PropertiesNot specified14,731 sqftAED 15,000/sqftAED 220,965,000
31 Oct 2007Dubai International Airport—BuildingExisting PropertiesNot specified170,738 sqftAED 937/sqftAED 160,000,000
4 Oct 2007Burj KhalifaOBEROI CENTREBusiness BayLandExisting PropertiesNot specified114,689 sqftAED 1,274/sqftAED 146,169,000
2 Oct 2007Al Murqabat—BuildingExisting PropertiesNot specified23,422 sqftAED 5,977/sqftAED 140,000,000
8 Oct 2007Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 2,258/sqftAED 128,000,000
8 Oct 2007Burj KhalifaBAY'S EDGEBusiness BayLandExisting PropertiesNot specified52,588 sqftAED 2,300/sqftAED 120,952,400
29 Oct 2007Burj KhalifaSILVER STAR TOWERBusiness BayLandExisting PropertiesNot specified68,029 sqftAED 1,500/sqftAED 102,044,000
8 Oct 2007Muhaisanah Second—BuildingExisting PropertiesNot specified56,914 sqftAED 1,546/sqftAED 88,000,000

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.