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Quarterly report

Dubai property market — Q2 2007

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2007. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales1,695Registered in Q2 2007up147.8% vs a year earlier
Total valueAED 11.28BRegistered in Q2 2007Across 91 communities
Price per sqftAED 311/sqftMedian across Q2 2007down7.9% vs a year earlier
Sale priceAED 2.05MMedian across Q2 20070% sold off-plan

In a sentence

The Land Department registered 1,695 property sales in Q2 2007, worth AED 11.28B in total, across 91 communities. That is 148% more than the same quarter a year earlier.

The median sale was AED 2,050,000 at AED 311/sqft, 7.9% below the same quarter last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 619 registered sales, while Marsa Dubai took the most money at AED 1.17B.

Against the previous quarter, Al Thanayah Fourth rose 226% to 619 sales, while Wadi Al Safa 6 fell 34% to 117.

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 Q2 2007, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth619+225.8%AED 865.25MAED 827KAED 243/sqft0%
Wadi Al Safa 6117-33.9%AED 270.15MAED 2.10MAED 287/sqft0%
Palm Jumeirah106+324.0%AED 465.41MAED 2.80MAED 388/sqft0%
Al Thanyah Fifth92-14.8%AED 295.61MAED 2.10MAED 211/sqft1%
Marsa Dubai58+728.6%AED 1.17BAED 1.44MAED 814/sqft0%
Al Thanyah Third57+72.7%AED 352.05MAED 924KAED 439/sqft0%
Mirdif56+7.7%AED 256.78MAED 3.81MAED 317/sqft0%
Nad Al Shiba42+31.3%AED 606.94MAED 6.72MAED 160/sqft0%
Hor Al Anz34+47.8%AED 107.46MAED 2.25MAED 971/sqft0%
Al Warsan First30+114.3%AED 500.67MAED 15.54MAED 1,124/sqft0%
Al Satwa260.0%AED 73.55MAED 2.65MAED 1,110/sqft0%
Al Barsha First25+92.3%AED 792.62MAED 23.29MAED 1,250/sqft0%
Al Warqa First23+155.6%AED 150.06MAED 6.10MAED 453/sqft0%
Al Waheda20+100.0%AED 33.82MAED 1.63MAED 431/sqft0%
Al Warqa Third170.0%AED 29.65MAED 1.67MAED 138/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 1.17B58
Trade Center FirstAED 1.00B1
Al Thanayah FourthAED 865.25M619
Al Barsha FirstAED 792.62M25
Nad Al ShibaAED 606.94M42
Al Warsan FirstAED 500.67M30
Palm JumeirahAED 465.41M106
MankhoolAED 453.31M7
Al Thanyah ThirdAED 352.05M57
Al Thanyah FifthAED 295.61M92

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 Fourth619+225.8%
Wadi Al Safa 6117-33.9%
Al Thanyah Fifth92-14.8%
Mirdif56+7.7%

The largest sales of Q2 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
28 May 2007Trade Center First—LandExisting PropertiesNot specified88,178 sqftAED 11,341/sqftAED 1,000,000,000
12 Jun 2007Marsa Dubai—LandExisting PropertiesNot specified52,909 sqftAED 5,670/sqftAED 300,000,000
12 Jun 2007Marsa DubaiJUMEIRAH LIVING MARINA GATEDubai MarinaBuildingExisting PropertiesNot specified61,760 sqftAED 4,858/sqftAED 300,000,000
12 Jun 2007Marsa Dubai—LandExisting PropertiesNot specified60,192 sqftAED 4,984/sqftAED 300,000,000
17 Apr 2007Nad Al Shiba—LandExisting PropertiesNot specified7,479,684 sqftAED 35/sqftAED 261,796,500
30 Apr 2007Mankhool—LandExisting PropertiesNot specified102,510 sqftAED 2,000/sqftAED 205,020,000
18 Apr 2007Um Hurair Second—Dubai Health Care City Phase 1LandExisting PropertiesNot specified37,422 sqftAED 3,741/sqftAED 140,000,000
9 Apr 2007Jabal Ali Industrial First—BuildingExisting PropertiesNot specified402,199 sqftAED 298/sqftAED 120,000,000
7 May 2007Al Barsha First—BuildingExisting PropertiesNot specified15,405 sqftAED 7,790/sqftAED 120,000,000
7 Jun 2007Nad Al Hamar—LandExisting PropertiesNot specified261,811 sqftAED 450/sqftAED 117,814,950

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.