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Quarterly report

Dubai property market — Q3 2007

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2007. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,583Registered in Q3 2007up403.5% vs a year earlier
Total valueAED 12.85BRegistered in Q3 2007Across 82 communities
Price per sqftAED 377/sqftMedian across Q3 2007up58.5% vs a year earlier
Sale priceAED 1.23MMedian across Q3 20070% sold off-plan

In a sentence

The Land Department registered 2,583 property sales in Q3 2007, worth AED 12.85B in total, across 82 communities. That is 404% more than the same quarter a year earlier.

The median sale was AED 1,225,000 at AED 377/sqft, 58.5% above the same quarter last year. 0% of sales were off-plan.

Al Thanayah Fourth was the busiest community with 805 registered sales, while Al Jadaf took the most money at AED 2.87B.

Against the previous quarter, Marsa Dubai rose 734% to 484 sales, while Al Thanyah Fifth fell 17% to 76.

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 Q3 2007, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanayah Fourth805+30.0%AED 1.12BAED 945KAED 266/sqft0%
Marsa Dubai484+734.5%AED 1.33BAED 699KAED 469/sqft0%
Wadi Al Safa 6301+157.3%AED 480.09MAED 1.40MAED 272/sqft0%
Al Thanyah Third205+259.6%AED 687.95MAED 636KAED 506/sqft0%
Al Jadaf189—AED 2.87BAED 14.05MAED 1,094/sqft0%
Palm Jumeirah89-16.0%AED 410.71MAED 2.80MAED 388/sqft0%
Al Thanyah Fifth76-17.4%AED 253.25MAED 2.40MAED 205/sqft0%
Mirdif64+14.3%AED 716.56MAED 4.89MAED 425/sqft0%
Al Warsan First47+56.7%AED 391.05MAED 9.94MAED 699/sqft0%
Jabal Ali Industrial First21+600.0%AED 459.34MAED 22.30MAED 1,000/sqft0%
Nad Al Shiba17-59.5%AED 342.62MAED 11.50MAED 250/sqft0%
Al Barsha First13-48.0%AED 413.46MAED 24.00MAED 1,200/sqft0%
Al Barsha Third13-13.3%AED 44.23MAED 3.45MAED 240/sqft0%
Al Raffa110.0%AED 34.93MAED 2.01MAED 426/sqft0%
Nad Al Hamar100.0%AED 45.94MAED 2.96MAED 170/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 JadafAED 2.87B189
Marsa DubaiAED 1.33B484
Al Thanayah FourthAED 1.12B805
Burj KhalifaAED 734.97M8
MirdifAED 716.56M64
Al Thanyah ThirdAED 687.95M205
Wadi Al Safa 6AED 480.09M301
Jabal Ali Industrial FirstAED 459.34M21
Al Barsha FirstAED 413.46M13
Palm JumeirahAED 410.71M89

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
Marsa Dubai484+734.5%
Al Thanyah Third205+259.6%
Wadi Al Safa 6301+157.3%
Al Thanayah Fourth805+30.0%
Al Thanyah Fifth76-17.4%
Palm Jumeirah89-16.0%
Mirdif64+14.3%

The largest sales of Q3 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
16 Jul 2007Burj KhalifaU-BORA TOWERSBusiness BayLandExisting PropertiesNot specified214,019 sqftAED 1,500/sqftAED 321,029,000
25 Sept 2007Marsa DubaiAba Lux LivingDubai MarinaLandExisting PropertiesNot specified59,556 sqftAED 5,037/sqftAED 300,000,000
4 Jul 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified36,850 sqftAED 7,870/sqftAED 290,000,000
22 Aug 2007Al Thanyah Third—LandExisting PropertiesNot specified34,576 sqftAED 6,363/sqftAED 220,000,000
25 Jul 2007Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified19,390 sqftAED 6,343/sqftAED 123,000,000
12 Sept 2007Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified21,258 sqftAED 5,692/sqftAED 121,000,000
3 Jul 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified35,134 sqftAED 3,416/sqftAED 120,000,000
27 Aug 2007Al Thanyah Third—LandExisting PropertiesNot specified29,338 sqftAED 3,749/sqftAED 110,000,000
9 Aug 2007Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified129,402 sqftAED 837/sqftAED 108,362,825
4 Jul 2007Burj Khalifa—Business BayLandExisting PropertiesNot specified64,421 sqftAED 1,500/sqftAED 96,632,000

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.