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Monthly report

Dubai property market — April 2008

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

Sales2,123Registered in April 2008up447.2% vs a year earlier
Total valueAED 10.55BRegistered in April 2008Across 71 communities
Price per sqftAED 483/sqftMedian across April 2008up27.1% vs a year earlier
Sale priceAED 1.70MMedian across April 20080% sold off-plan

In a sentence

The Land Department registered 2,123 property sales in April 2008, worth AED 10.55B in total, across 71 communities. That is 447% more than the same month a year earlier.

The median sale was AED 1,700,000 at AED 483/sqft, 27.1% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 614 registered sales, while Al Jadaf took the most money at AED 1.44B.

Against the previous month, Al Thanyah Third rose 178% to 164 sales.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai614+8.5%AED 1.21BAED 949KAED 643/sqft0%
Al Thanayah Fourth335+79.1%AED 770.21MAED 1.39MAED 317/sqft0%
Wadi Al Safa 6213+91.9%AED 588.65MAED 2.40MAED 399/sqft0%
Palm Jumeirah185+131.3%AED 861.61MAED 2.80MAED 388/sqft1%
Al Thanyah Third164+178.0%AED 190.34MAED 882KAED 770/sqft0%
Al Ruwayyah153+8.5%AED 417.44MAED 1.09MAED 125/sqft0%
Al Warsan First126+12.5%AED 405.18MAED 370KAED 570/sqft0%
Al Jadaf61+577.8%AED 1.44BAED 23.14MAED 1,700/sqft0%
Al Thanyah Fifth40+185.7%AED 186.92MAED 2.10MAED 216/sqft0%
Jabal Ali Industrial First21-8.7%AED 548.55MAED 27.00MAED 1,350/sqft0%
Mirdif21+23.5%AED 148.55MAED 6.70MAED 653/sqft0%
Hor Al Anz12+20.0%AED 46.52MAED 2.63MAED 1,120/sqft0%
Jabal Ali12+200.0%AED 227.05MAED 18.23MAED 327/sqft0%
Burj Khalifa11-31.3%AED 827.14MAED 48.15MAED 1,000/sqft0%
Al Barsha Third10+233.3%AED 74.17MAED 5.81MAED 387/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 1.44B61
Marsa DubaiAED 1.21B614
Palm JumeirahAED 861.61M185
Burj KhalifaAED 827.14M11
Al Thanayah FourthAED 770.21M335
Wadi Al Safa 6AED 588.65M213
Jabal Ali Industrial FirstAED 548.55M21
Al RuwayyahAED 417.44M153
Al Warsan FirstAED 405.18M126
Al RaffaAED 350.82M6

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
Al Thanyah Third164+178.0%
Palm Jumeirah185+131.3%
Wadi Al Safa 6213+91.9%
Al Thanayah Fourth335+79.1%
Al Warsan First126+12.5%
Al Ruwayyah153+8.5%
Marsa Dubai614+8.5%

The largest sales of April 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
28 Apr 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified41,042 sqftAED 6,579/sqftAED 270,000,000
15 Apr 2008Burj KhalifaTHE DISTINCTIONDownTown DubaiBuildingExisting PropertiesNot specified40,584 sqftAED 5,544/sqftAED 225,000,000
30 Apr 2008Al Raffa—BuildingExisting PropertiesNot specified22,393 sqftAED 7,011/sqftAED 157,000,000
17 Apr 2008Al Karama—BuildingExisting PropertiesNot specified43,258 sqftAED 2,774/sqftAED 120,000,000
10 Apr 2008Al Wasl—BuildingExisting PropertiesNot specified27,750 sqftAED 3,982/sqftAED 110,500,000
28 Apr 2008Al Raffa—BuildingExisting PropertiesNot specified85,045 sqftAED 1,058/sqftAED 90,000,000
7 Apr 2008Al Nahda Second—BuildingExisting PropertiesNot specified18,000 sqftAED 5,000/sqftAED 90,000,000
7 Apr 2008Naif—BuildingExisting PropertiesNot specified25,672 sqftAED 3,450/sqftAED 88,568,400
17 Apr 2008Al Barsha First—BuildingExisting PropertiesNot specified12,000 sqftAED 7,167/sqftAED 86,000,000
7 Apr 2008Marsa DubaiTFG ONE HOTELDubai MarinaBuildingExisting PropertiesNot specified45,048 sqftAED 1,887/sqftAED 85,000,000

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.