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Quarterly report

Dubai property market — Q1 2007

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2007. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales1,034Registered in Q1 2007up95.1% vs a year earlier
Total valueAED 6.55BRegistered in Q1 2007Across 87 communities
Price per sqftAED 300/sqftMedian across Q1 2007down2.7% vs a year earlier
Sale priceAED 2.41MMedian across Q1 20070% sold off-plan

In a sentence

The Land Department registered 1,034 property sales in Q1 2007, worth AED 6.55B in total, across 87 communities. That is 95% more than the same quarter a year earlier.

The median sale was AED 2,409,005 at AED 300/sqft, 2.7% below the same quarter last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 190 registered sales, and also took the most money at AED 519.12M.

Against the previous quarter, Al Thanyah Fifth rose 23% to 108 sales, while Al Thanayah Fourth fell 44% to 190.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2007, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth190-44.3%AED 519.12MAED 1.98MAED 249/sqft0%
Wadi Al Safa 6177+1670.0%AED 346.15MAED 1.93MAED 229/sqft0%
Al Thanyah Fifth108+22.7%AED 329.21MAED 2.10MAED 198/sqft0%
Mirdif52+48.6%AED 230.91MAED 2.80MAED 281/sqft0%
Al Thanyah Third330.0%AED 379.46MAED 4.89MAED 477/sqft0%
Nad Al Shiba32+540.0%AED 262.33MAED 5.86MAED 153/sqft0%
Al Satwa26+23.8%AED 71.50MAED 2.27MAED 890/sqft0%
Palm Jumeirah25+2400.0%AED 107.00MAED 4.65MAED 347/sqft0%
Hor Al Anz23-58.2%AED 119.86MAED 2.10MAED 923/sqft0%
Al Rashidiya17+6.3%AED 29.59MAED 1.50MAED 281/sqft0%
Al Warqa Third17+183.3%AED 27.67MAED 1.44MAED 120/sqft0%
Al Warsan First14—AED 225.38MAED 13.99MAED 1,043/sqft0%
Al Barsha First13-7.1%AED 289.44MAED 16.20MAED 1,230/sqft0%
Al Barsha Second12+100.0%AED 42.97MAED 3.04MAED 202/sqft0%
Al Mararr12+140.0%AED 115.94MAED 8.60MAED 2,690/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
Al Thanayah FourthAED 519.12M190
Marsa DubaiAED 387.54M7
Al Thanyah ThirdAED 379.46M33
Wadi Al Safa 6AED 346.15M177
Al Thanyah FifthAED 329.21M108
Al Safouh SecondAED 312.00M1
Al Barsha FirstAED 289.44M13
Nad Al ShibaAED 262.33M32
Jumeirah FirstAED 235.63M12
MirdifAED 230.91M52

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Thanayah Fourth190-44.3%
Al Thanyah Fifth108+22.7%

The largest sales of Q1 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
15 Mar 2007Al Safouh Second—Site ABuildingExisting PropertiesNot specified43,375 sqftAED 7,193/sqftAED 312,000,000
26 Feb 2007Marsa DubaiSix Senses Residences Dubai MarinaDubai MarinaBuildingExisting PropertiesNot specified37,677 sqftAED 6,582/sqftAED 248,000,000
5 Mar 2007Jumeirah First—BuildingExisting PropertiesNot specified210,530 sqftAED 784/sqftAED 165,000,000
25 Jan 2007Jabal Ali Industrial First—BuildingExisting PropertiesNot specified402,199 sqftAED 236/sqftAED 95,000,000
27 Mar 2007Al Goze Industrial Third—BuildingExisting PropertiesNot specified39,005 sqftAED 2,372/sqftAED 92,500,000
26 Mar 2007Al Raffa—LandExisting PropertiesNot specified73,705 sqftAED 1,005/sqftAED 74,100,000
15 Mar 2007Al Barsha First—BuildingExisting PropertiesNot specified15,405 sqftAED 4,252/sqftAED 65,500,000
12 Feb 2007Al Hamriya—BuildingExisting PropertiesNot specified42,048 sqftAED 1,546/sqftAED 65,000,000
26 Mar 2007Al Thanyah Third—LandExisting PropertiesNot specified53,520 sqftAED 1,200/sqftAED 64,224,624
25 Jan 2007Mankhool—BuildingExisting PropertiesNot specified23,376 sqftAED 2,481/sqftAED 58,000,000

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.