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Monthly report

Dubai property market — December 2007

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

Sales958Registered in December 2007up141.3% vs a year earlier
Total valueAED 5.89BRegistered in December 2007Across 69 communities
Price per sqftAED 458/sqftMedian across December 2007up48.3% vs a year earlier
Sale priceAED 1.57MMedian across December 20070% sold off-plan

In a sentence

The Land Department registered 958 property sales in December 2007, worth AED 5.89B in total, across 69 communities. That is 141% more than the same month a year earlier.

The median sale was AED 1,570,000 at AED 458/sqft, 48.3% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 337 registered sales, while Burj Khalifa took the most money at AED 777.26M.

Against the previous month, Al Thanyah Third fell 41% to 54.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai337-26.6%AED 427.84MAED 820KAED 563/sqft0%
Al Thanayah Fourth155-25.5%AED 313.40MAED 1.18MAED 265/sqft0%
Wadi Al Safa 692-24.6%AED 191.06MAED 1.95MAED 310/sqft0%
Palm Jumeirah71+47.9%AED 630.67MAED 2.80MAED 388/sqft0%
Al Thanyah Third54-41.3%AED 94.48MAED 800KAED 613/sqft0%
Al Jadaf27-12.9%AED 514.94MAED 15.57MAED 1,244/sqft0%
Burj Khalifa150.0%AED 777.26MAED 50.00MAED 1,125/sqft0%
Mirdif15-72.2%AED 143.59MAED 5.28MAED 528/sqft0%
Jabal Ali Industrial First14-86.7%AED 361.28MAED 26.00MAED 1,300/sqft0%
Al Ruwayyah13-31.6%AED 197.80MAED 9.96MAED 293/sqft0%
Al Warsan First13+30.0%AED 198.89MAED 15.54MAED 904/sqft0%
Hor Al Anz11+83.3%AED 21.70MAED 2.00MAED 923/sqft0%
Mankhool11+83.3%AED 304.02MAED 26.75MAED 1,730/sqft0%
Al Thanyah Fifth9-18.2%AED 34.60MAED 2.05MAED 195/sqft0%
Al Barsha Second70.0%AED 29.38MAED 5.03MAED 335/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 777.26M15
Palm JumeirahAED 630.67M71
Al JadafAED 514.94M27
Marsa DubaiAED 427.84M337
Al Barsha FirstAED 394.97M5
Jabal Ali Industrial FirstAED 361.28M14
Al Thanayah FourthAED 313.40M155
MankhoolAED 304.02M11
Al Warsan FirstAED 198.89M13
Al RuwayyahAED 197.80M13

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 Thanyah Third54-41.3%
Marsa Dubai337-26.6%
Al Thanayah Fourth155-25.5%
Wadi Al Safa 692-24.6%

The largest sales of December 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
6 Dec 2007Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified202,555 sqftAED 1,276/sqftAED 258,509,344
5 Dec 2007Al Barsha First—BuildingExisting PropertiesNot specified44,200 sqftAED 4,186/sqftAED 185,000,000
13 Dec 2007Al Safouh FirstShahrukhz by DanubeSufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 2,493/sqftAED 145,000,000
25 Dec 2007Al Barsha First—BuildingExisting PropertiesNot specified34,648 sqftAED 3,406/sqftAED 118,000,000
5 Dec 2007Burj KhalifaSAMI Q TOWERBusiness BayLandExisting PropertiesNot specified65,785 sqftAED 1,500/sqftAED 98,678,000
13 Dec 2007Burj KhalifaTHE PRISMBusiness BayLandExisting PropertiesNot specified65,786 sqftAED 1,350/sqftAED 88,811,000
13 Dec 2007Al Muteena—BuildingExisting PropertiesNot specified14,478 sqftAED 4,731/sqftAED 68,500,000
26 Dec 2007Al JadafMONTAGEJaddaf WaterfrontLandExisting PropertiesNot specified29,097 sqftAED 2,250/sqftAED 65,469,000
10 Dec 2007Al Barsha First—BuildingExisting PropertiesNot specified11,999 sqftAED 5,000/sqftAED 60,000,000
4 Dec 2007Burj Khalifa—Business BayLandExisting PropertiesNot specified51,569 sqftAED 1,125/sqftAED 58,016,000

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.