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Monthly report

Dubai property market — January 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales1,115Registered in January 2008up248.4% vs a year earlier
Total valueAED 6.47BRegistered in January 2008Across 63 communities
Price per sqftAED 540/sqftMedian across January 2008up103.4% vs a year earlier
Sale priceAED 1.72MMedian across January 20080% sold off-plan

In a sentence

The Land Department registered 1,115 property sales in January 2008, worth AED 6.47B in total, across 63 communities. That is 248% more than the same month a year earlier.

The median sale was AED 1,715,000 at AED 540/sqft, 103.4% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 422 registered sales, while Al Jadaf took the most money at AED 1.02B.

Against the previous month, Marsa Dubai rose 25% to 422 sales, while Al Thanayah Fourth fell 16% to 130.

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 January 2008, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai422+25.2%AED 706.18MAED 1.00MAED 773/sqft0%
Al Thanayah Fourth130-16.1%AED 257.10MAED 1.10MAED 269/sqft0%
Palm Jumeirah88+23.9%AED 569.00MAED 3.00MAED 388/sqft0%
Wadi Al Safa 683-9.8%AED 186.95MAED 2.05MAED 363/sqft0%
Al Thanyah Third66+22.2%AED 833.25MAED 880KAED 541/sqft0%
Al Jadaf65+140.7%AED 1.02BAED 14.32MAED 1,094/sqft0%
Al Warsan First65+400.0%AED 247.02MAED 348KAED 554/sqft0%
Mirdif26+73.3%AED 142.24MAED 4.60MAED 432/sqft0%
Burj Khalifa150.0%AED 870.32MAED 42.40MAED 1,250/sqft0%
Al Ruwayyah14+7.7%AED 240.96MAED 11.47MAED 341/sqft0%
Hor Al Anz10-9.1%AED 21.71MAED 2.08MAED 1,062/sqft0%
Al Barsha Third9+350.0%AED 48.78MAED 5.47MAED 365/sqft0%
Muhaisanah Third9+350.0%AED 30.76MAED 3.00MAED 200/sqft0%
Al Thanyah Fifth8-11.1%AED 26.57MAED 2.34MAED 242/sqft13%
Jabal Ali Industrial First8-42.9%AED 206.29MAED 27.88MAED 1,300/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 1.02B65
Burj KhalifaAED 870.32M15
Al Thanyah ThirdAED 833.25M66
Marsa DubaiAED 706.18M422
Palm JumeirahAED 569.00M88
Al Barsha FirstAED 279.68M6
Al Thanayah FourthAED 257.10M130
Al Warsan FirstAED 247.02M65
Al RuwayyahAED 240.96M14
Jabal Ali Industrial FirstAED 206.29M8

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
Marsa Dubai422+25.2%
Palm Jumeirah88+23.9%
Al Thanyah Third66+22.2%
Al Thanayah Fourth130-16.1%
Wadi Al Safa 683-9.8%

The largest sales of January 2008

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
31 Jan 2008Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 6,771/sqftAED 374,400,000
31 Jan 2008Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 3,546/sqftAED 210,600,000
29 Jan 2008Al Thanyah Third—LandExisting PropertiesNot specified29,063 sqftAED 4,267/sqftAED 124,000,000
23 Jan 2008Burj KhalifaWINDSOR MANORBusiness BayLandExisting PropertiesNot specified82,300 sqftAED 1,363/sqftAED 112,200,000
30 Jan 2008Burj KhalifaMICHEAL SCHUMACHER BUSINESS AVENUEBusiness BayLandExisting PropertiesNot specified73,783 sqftAED 1,500/sqftAED 110,675,000
7 Jan 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified69,582 sqftAED 1,350/sqftAED 93,936,000
7 Jan 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified32,797 sqftAED 2,550/sqftAED 83,632,350
31 Jan 2008Marsa DubaiPIER 8Dubai MarinaBuildingExisting PropertiesNot specified43,566 sqftAED 1,872/sqftAED 81,575,020
7 Jan 2008Al Barsha First—LandExisting PropertiesNot specified40,998 sqftAED 1,800/sqftAED 73,796,400
24 Jan 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified67,790 sqftAED 1,000/sqftAED 67,790,000

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.