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Monthly report

Dubai property market — July 2008

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

Sales2,550Registered in July 2008up195.8% vs a year earlier
Total valueAED 12.59BRegistered in July 2008Across 63 communities
Price per sqftAED 581/sqftMedian across July 2008up89.3% vs a year earlier
Sale priceAED 1.21MMedian across July 20080% sold off-plan

In a sentence

The Land Department registered 2,550 property sales in July 2008, worth AED 12.59B in total, across 63 communities. That is 196% more than the same month a year earlier.

The median sale was AED 1,211,944 at AED 581/sqft, 89.3% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 637 registered sales, while Al Barsha South Fourth took the most money at AED 2.01B.

Against the previous month, Al Ruwayyah rose 152% to 363 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 July 2008, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai637+18.6%AED 1.41BAED 915KAED 785/sqft0%
Al Ruwayyah363+152.1%AED 536.29MAED 729KAED 115/sqft0%
Al Warsan First291+25.4%AED 473.80MAED 340KAED 538/sqft0%
Al Thanayah Fourth281+4.5%AED 987.14MAED 1.84MAED 565/sqft0%
Al Thanyah Third254+13.4%AED 545.14MAED 1.47MAED 1,082/sqft0%
Wadi Al Safa 6198+5.3%AED 609.06MAED 2.48MAED 391/sqft0%
Al Barsha South Fourth98+117.8%AED 2.01BAED 13.80MAED 346/sqft0%
Al Thanyah Fifth78+69.6%AED 357.49MAED 1.29MAED 654/sqft0%
Palm Jumeirah78+44.4%AED 537.85MAED 3.20MAED 388/sqft0%
Wadi Al Safa 559+293.3%AED 44.56MAED 706KAED 117/sqft0%
Burj Khalifa30+100.0%AED 1.22BAED 26.15MAED 1,498/sqft0%
Nad Al Shiba26+8.3%AED 384.63MAED 9.11MAED 315/sqft0%
Jabal Ali22-74.1%AED 192.81MAED 6.60MAED 216/sqft0%
Al Jadaf15-34.8%AED 367.45MAED 21.02MAED 1,500/sqft0%
Hor Al Anz13+30.0%AED 42.14MAED 2.50MAED 1,171/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 Barsha South FourthAED 2.01B98
Marsa DubaiAED 1.41B637
Burj KhalifaAED 1.22B30
Al Thanayah FourthAED 987.14M281
Wadi Al Safa 6AED 609.06M198
Al Thanyah ThirdAED 545.14M254
Palm JumeirahAED 537.85M78
Al RuwayyahAED 536.29M363
Al Warsan FirstAED 473.80M291
Nad Al ShibaAED 384.63M26

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 Ruwayyah363+152.1%
Palm Jumeirah78+44.4%
Al Warsan First291+25.4%
Marsa Dubai637+18.6%
Al Thanyah Third254+13.4%
Wadi Al Safa 6198+5.3%
Al Thanayah Fourth281+4.5%

The largest sales of July 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
9 Jul 2008Al Garhoud—BuildingExisting PropertiesNot specified38,600 sqftAED 6,813/sqftAED 263,000,000
28 Jul 2008Al Wasl—LandExisting PropertiesNot specified40,000 sqftAED 6,000/sqftAED 240,000,000
16 Jul 2008Port Saeed—BuildingExisting PropertiesNot specified17,976 sqftAED 11,126/sqftAED 200,000,000
9 Jul 2008Marsa DubaiWEST AVENUEDubai MarinaBuildingExisting PropertiesNot specified42,988 sqftAED 4,614/sqftAED 198,353,400
10 Jul 2008Al Safouh FirstShahrukhz by DanubeSufouh GardensLandExisting PropertiesNot specified58,160 sqftAED 3,353/sqftAED 195,000,000
22 Jul 2008Al Barsha South FourthBinghatti CornerJumeirah Village CircleBuildingExisting PropertiesNot specified62,746 sqftAED 2,880/sqftAED 180,709,600
22 Jul 2008Burj KhalifaIRIS ORABusiness BayLandExisting PropertiesNot specified31,858 sqftAED 4,708/sqftAED 150,000,000
28 Jul 2008Al Thanyah FifthSaba 4DMCC Master CommunityBuildingExisting PropertiesNot specified54,626 sqftAED 2,527/sqftAED 138,020,000
17 Jul 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified80,180 sqftAED 1,646/sqftAED 132,000,000
10 Jul 2008Burj KhalifaTHE BINARY BY OMNIYATBusiness BayLandExisting PropertiesNot specified97,209 sqftAED 1,125/sqftAED 109,361,000

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.