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Monthly report

Dubai property market — November 2007

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

Sales1,359Registered in November 2007up351.5% vs a year earlier
Total valueAED 9.24BRegistered in November 2007Across 76 communities
Price per sqftAED 517/sqftMedian across November 2007up56.6% vs a year earlier
Sale priceAED 1.47MMedian across November 20070% sold off-plan

In a sentence

The Land Department registered 1,359 property sales in November 2007, worth AED 9.24B in total, across 76 communities. That is 351% more than the same month a year earlier.

The median sale was AED 1,467,888 at AED 517/sqft, 56.6% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 459 registered sales, while Jabal Ali Industrial First took the most money at AED 2.53B.

Against the previous month, Wadi Al Safa 6 rose 79% to 122 sales, while Marsa Dubai fell 32% to 459.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai459-31.7%AED 713.74MAED 833KAED 592/sqft0%
Al Thanayah Fourth208+18.2%AED 296.02MAED 805KAED 242/sqft0%
Wadi Al Safa 6122+79.4%AED 198.40MAED 1.20MAED 305/sqft0%
Jabal Ali Industrial First105+400.0%AED 2.53BAED 22.00MAED 1,100/sqft0%
Al Thanyah Third92-4.2%AED 71.20MAED 631KAED 532/sqft0%
Mirdif54+38.5%AED 502.95MAED 7.50MAED 1,000/sqft0%
Palm Jumeirah48+33.3%AED 323.10MAED 2.80MAED 388/sqft0%
Al Jadaf31-60.3%AED 695.65MAED 14.22MAED 1,094/sqft0%
Al Ruwayyah19+850.0%AED 167.50MAED 7.30MAED 245/sqft0%
Burj Khalifa15+36.4%AED 881.42MAED 60.78MAED 1,250/sqft0%
Al Barsha Third130.0%AED 53.69MAED 4.50MAED 300/sqft0%
Al Thanyah Fifth11-15.4%AED 46.25MAED 2.30MAED 197/sqft0%
Al Warsan First10-86.1%AED 99.75MAED 10.09MAED 794/sqft0%
Al Barsha First9-18.2%AED 493.59MAED 25.66MAED 2,000/sqft0%
Al Nahda Second9—AED 385.17MAED 18.97MAED 1,103/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
Jabal Ali Industrial FirstAED 2.53B105
Burj KhalifaAED 881.42M15
Marsa DubaiAED 713.74M459
Al JadafAED 695.65M31
MirdifAED 502.95M54
Al Barsha FirstAED 493.59M9
Al Nahda SecondAED 385.17M9
Palm JumeirahAED 323.10M48
Al Thanayah FourthAED 296.02M208
Wadi Al Safa 6AED 198.40M122

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
Wadi Al Safa 6122+79.4%
Marsa Dubai459-31.7%
Al Thanayah Fourth208+18.2%
Al Thanyah Third92-4.2%

The largest sales of November 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
14 Nov 2007Al Jadaf—Jaddaf WaterfrontLandExisting PropertiesNot specified118,761 sqftAED 2,063/sqftAED 244,945,000
26 Nov 2007Al Nahda Second—BuildingExisting PropertiesNot specified36,265 sqftAED 4,688/sqftAED 170,000,000
14 Nov 2007Al Garhoud—BuildingExisting PropertiesNot specified89,099 sqftAED 1,550/sqftAED 138,103,450
15 Nov 2007Al Barsha First—VillaExisting PropertiesNot specified142,112 sqftAED 950/sqftAED 135,000,000
14 Nov 2007Al Barsha First—BuildingExisting PropertiesNot specified19,500 sqftAED 5,923/sqftAED 115,500,000
22 Nov 2007Burj KhalifaAL MANARABusiness BayLandExisting PropertiesNot specified63,243 sqftAED 1,733/sqftAED 109,570,000
13 Nov 2007Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified60,019 sqftAED 1,749/sqftAED 105,000,000
26 Nov 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified36,781 sqftAED 2,273/sqftAED 83,597,520
14 Nov 2007Burj Khalifa—Business BayLandExisting PropertiesNot specified58,350 sqftAED 1,350/sqftAED 78,773,000
1 Nov 2007Burj KhalifaBLUE BAYBusiness BayLandExisting PropertiesNot specified56,685 sqftAED 1,350/sqftAED 76,525,000

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.