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Monthly report

Dubai property market — June 2008

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

Sales2,090Registered in June 2008up161.3% vs a year earlier
Total valueAED 12.17BRegistered in June 2008Across 84 communities
Price per sqftAED 633/sqftMedian across June 2008up133.1% vs a year earlier
Sale priceAED 1.95MMedian across June 20080% sold off-plan

In a sentence

The Land Department registered 2,090 property sales in June 2008, worth AED 12.17B in total, across 84 communities. That is 161% more than the same month a year earlier.

The median sale was AED 1,948,870 at AED 633/sqft, 133.1% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 537 registered sales, while Jabal Ali took the most money at AED 1.02B.

Against the previous month, Al Warsan First rose 161% to 232 sales, while Palm Jumeirah fell 49% to 54.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai537+27.6%AED 815.52MAED 910KAED 810/sqft0%
Al Thanayah Fourth269-36.3%AED 775.18MAED 2.08MAED 592/sqft0%
Al Warsan First232+160.7%AED 338.44MAED 330KAED 559/sqft0%
Al Thanyah Third224+13.1%AED 672.03MAED 2.20MAED 1,071/sqft0%
Wadi Al Safa 6188-12.1%AED 649.93MAED 2.60MAED 417/sqft0%
Al Ruwayyah144-11.1%AED 271.52MAED 883KAED 125/sqft0%
Jabal Ali85+553.8%AED 1.02BAED 7.25MAED 234/sqft0%
Palm Jumeirah54-48.6%AED 751.99MAED 4.65MAED 448/sqft0%
Al Thanyah Fifth46+155.6%AED 327.84MAED 2.40MAED 441/sqft2%
Al Barsha South Fourth45+462.5%AED 686.41MAED 10.59MAED 381/sqft0%
Nad Al Shiba24+118.2%AED 596.34MAED 24.25MAED 418/sqft0%
Al Jadaf23+76.9%AED 465.67MAED 19.10MAED 1,500/sqft0%
Burj Khalifa15-50.0%AED 691.21MAED 5.15MAED 1,282/sqft0%
Mirdif15-34.8%AED 142.08MAED 6.40MAED 650/sqft0%
Wadi Al Safa 515—AED 29.70MAED 860KAED 114/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 AliAED 1.02B85
Marsa DubaiAED 815.52M537
Al Thanayah FourthAED 775.18M269
Palm JumeirahAED 751.99M54
Trade Center FirstAED 720.00M1
Burj KhalifaAED 691.21M15
Al Barsha South FourthAED 686.41M45
Al Thanyah ThirdAED 672.03M224
Wadi Al Safa 6AED 649.93M188
Nad Al ShibaAED 596.34M24

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 Warsan First232+160.7%
Palm Jumeirah54-48.6%
Al Thanayah Fourth269-36.3%
Marsa Dubai537+27.6%
Al Thanyah Third224+13.1%
Wadi Al Safa 6188-12.1%
Al Ruwayyah144-11.1%

The largest sales of June 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
5 Jun 2008Trade Center FirstBURJ AZIZILandExisting PropertiesNot specified40,000 sqftAED 18,000/sqftAED 720,000,000
3 Jun 2008Burj Khalifa—LandExisting PropertiesNot specified64,778 sqftAED 4,200/sqftAED 272,067,600
10 Jun 2008Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified8,254 sqftAED 30,288/sqftAED 250,000,000
26 Jun 2008Al Safouh SecondTHE S TOWERSite ALandExisting PropertiesNot specified56,699 sqftAED 3,600/sqftAED 204,120,000
2 Jun 2008Al Barsha First—VillaExisting PropertiesNot specified142,112 sqftAED 1,414/sqftAED 201,000,000
23 Jun 2008World Islands—The WorldLandExisting PropertiesNot specified953,509 sqftAED 162/sqftAED 154,017,529
19 Jun 2008Burj KhalifaPRIVE BY DAMACBusiness BayLandExisting PropertiesNot specified132,397 sqftAED 1,000/sqftAED 132,397,000
17 Jun 2008Burj KhalifaPRIME TOWERBusiness BayLandExisting PropertiesNot specified70,684 sqftAED 1,500/sqftAED 106,026,000
26 Jun 2008Al Thanyah Third—LandExisting PropertiesNot specified52,616 sqftAED 1,950/sqftAED 102,601,473
30 Jun 2008Al Muteena—BuildingExisting PropertiesNot specified21,248 sqftAED 4,706/sqftAED 100,000,000

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.