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Quarterly report

Dubai property market — Q4 2007

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2007. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales3,770Registered in Q4 2007up304.1% vs a year earlier
Total valueAED 22.99BRegistered in Q4 2007Across 94 communities
Price per sqftAED 538/sqftMedian across Q4 2007up92.1% vs a year earlier
Sale priceAED 1.20MMedian across Q4 20070% sold off-plan

In a sentence

The Land Department registered 3,770 property sales in Q4 2007, worth AED 22.99B in total, across 94 communities. That is 304% more than the same quarter a year earlier.

The median sale was AED 1,200,000 at AED 538/sqft, 92.1% above the same quarter last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 1,468 registered sales, while Jabal Ali Industrial First took the most money at AED 3.35B.

Against the previous quarter, Marsa Dubai rose 203% to 1,468 sales, while Al Thanayah Fourth fell 33% to 539.

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 Q4 2007, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,468+203.3%AED 2.28BAED 784KAED 538/sqft0%
Al Thanayah Fourth539-33.0%AED 840.33MAED 847KAED 250/sqft0%
Wadi Al Safa 6282-6.3%AED 495.15MAED 1.33MAED 304/sqft0%
Al Thanyah Third242+18.0%AED 879.66MAED 635KAED 528/sqft0%
Palm Jumeirah155+74.2%AED 1.19BAED 2.80MAED 388/sqft0%
Jabal Ali Industrial First140+566.7%AED 3.35BAED 22.00MAED 1,100/sqft0%
Al Jadaf136-28.0%AED 2.30BAED 13.78MAED 1,000/sqft0%
Mirdif108+68.8%AED 1.30BAED 7.50MAED 1,000/sqft0%
Al Warsan First95+102.1%AED 344.71MAED 410KAED 667/sqft0%
Burj Khalifa41+412.5%AED 2.45BAED 56.85MAED 1,125/sqft0%
Al Barsha Second37+362.5%AED 118.33MAED 1.90MAED 133/sqft0%
Al Ruwayyah34+3300.0%AED 433.80MAED 8.18MAED 246/sqft0%
Al Thanyah Fifth33-56.6%AED 141.96MAED 2.30MAED 204/sqft0%
Hor Al Anz29+222.2%AED 123.21MAED 2.00MAED 960/sqft0%
Al Barsha Third28+115.4%AED 108.74MAED 2.42MAED 174/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 3.35B140
Burj KhalifaAED 2.45B41
Al JadafAED 2.30B136
Marsa DubaiAED 2.28B1,468
MirdifAED 1.30B108
Al Barsha FirstAED 1.21B25
Palm JumeirahAED 1.19B155
Al Thanyah ThirdAED 879.66M242
Al Thanayah FourthAED 840.33M539
Wadi Al Safa 6AED 495.15M282

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 Dubai1,468+203.3%
Palm Jumeirah155+74.2%
Mirdif108+68.8%
Al Thanayah Fourth539-33.0%
Al Jadaf136-28.0%
Al Thanyah Third242+18.0%
Wadi Al Safa 6282-6.3%

The largest sales of Q4 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
1 Oct 2007Al Thanyah Third—LandExisting PropertiesNot specified46,287 sqftAED 10,370/sqftAED 480,000,000
8 Oct 2007Marsa DubaiAba Lux LivingDubai MarinaLandExisting PropertiesNot specified59,556 sqftAED 6,982/sqftAED 415,800,000
6 Dec 2007Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified202,555 sqftAED 1,276/sqftAED 258,509,344
14 Nov 2007Al Jadaf—Jaddaf WaterfrontLandExisting PropertiesNot specified118,761 sqftAED 2,063/sqftAED 244,945,000
1 Oct 2007Trade Center Second—LandExisting PropertiesNot specified14,731 sqftAED 15,000/sqftAED 220,965,000
5 Dec 2007Al Barsha First—BuildingExisting PropertiesNot specified44,200 sqftAED 4,186/sqftAED 185,000,000
26 Nov 2007Al Nahda Second—BuildingExisting PropertiesNot specified36,265 sqftAED 4,688/sqftAED 170,000,000
31 Oct 2007Dubai International Airport—BuildingExisting PropertiesNot specified170,738 sqftAED 937/sqftAED 160,000,000
4 Oct 2007Burj KhalifaOBEROI CENTREBusiness BayLandExisting PropertiesNot specified114,689 sqftAED 1,274/sqftAED 146,169,000
13 Dec 2007Al Safouh FirstShahrukhz by DanubeSufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 2,493/sqftAED 145,000,000

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.