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Monthly report

Dubai property market — August 2008

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

Sales2,396Registered in August 2008up186.6% vs a year earlier
Total valueAED 9.35BRegistered in August 2008Across 56 communities
Price per sqftAED 603/sqftMedian across August 2008up52.2% vs a year earlier
Sale priceAED 1.05MMedian across August 20080% sold off-plan

In a sentence

The Land Department registered 2,396 property sales in August 2008, worth AED 9.35B in total, across 56 communities. That is 187% more than the same month a year earlier.

The median sale was AED 1,045,931 at AED 603/sqft, 52.2% above the same month last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 761 registered sales, while Al Barsha South Fourth took the most money at AED 1.21B.

Against the previous month, Al Warsan First rose 162% to 761 sales, while Al Ruwayyah fell 72% to 102.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First761+161.5%AED 296.39MAED 320KAED 566/sqft0%
Marsa Dubai501-21.4%AED 1.18BAED 1.20MAED 937/sqft0%
Al Thanyah Third238-6.3%AED 825.32MAED 2.22MAED 1,001/sqft0%
Al Thanayah Fourth176-37.4%AED 552.07MAED 1.82MAED 370/sqft0%
Al Ruwayyah102-71.9%AED 217.80MAED 1.17MAED 125/sqft0%
Wadi Al Safa 6102-48.5%AED 316.58MAED 2.56MAED 364/sqft0%
Al Barsha South Fourth90-8.2%AED 1.21BAED 9.59MAED 309/sqft0%
Jabal Ali75+240.9%AED 375.22MAED 2.38MAED 235/sqft0%
Al Thanyah Fifth73-6.4%AED 361.99MAED 1.34MAED 793/sqft0%
Nad Al Shiba54+107.7%AED 648.36MAED 9.74MAED 300/sqft0%
Palm Jumeirah41-47.4%AED 429.62MAED 8.03MAED 970/sqft0%
Burj Khalifa39+30.0%AED 481.16MAED 1.85MAED 1,198/sqft0%
Me'Aisem First28—AED 57.07MAED 1.88MAED 235/sqft0%
Al Hebiah Fourth14+55.6%AED 316.94MAED 19.05MAED 411/sqft0%
Al Barsha South Fifth13+1200.0%AED 303.05MAED 23.47MAED 407/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 1.21B90
Marsa DubaiAED 1.18B501
Al Thanyah ThirdAED 825.32M238
Nad Al ShibaAED 648.36M54
Al Thanayah FourthAED 552.07M176
Burj KhalifaAED 481.16M39
Palm JumeirahAED 429.62M41
Jabal AliAED 375.22M75
Al Thanyah FifthAED 361.99M73
Al Hebiah FourthAED 316.94M14

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 First761+161.5%
Al Ruwayyah102-71.9%
Wadi Al Safa 6102-48.5%
Al Thanayah Fourth176-37.4%
Marsa Dubai501-21.4%
Al Barsha South Fourth90-8.2%
Al Thanyah Fifth73-6.4%
Al Thanyah Third238-6.3%

The largest sales of August 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
7 Aug 2008Al Thanyah ThirdTHE ONYXThe GreensBuildingExisting PropertiesNot specified237,363 sqftAED 1,264/sqftAED 300,000,000
14 Aug 2008Burj KhalifaSILVER STAR TOWERBusiness BayLandExisting PropertiesNot specified68,029 sqftAED 3,601/sqftAED 245,000,000
14 Aug 2008Madinat Dubai AlmelaheyahBreez by DanubeDubai Maritime CityLandExisting PropertiesNot specified30,011 sqftAED 7,768/sqftAED 233,135,527
20 Aug 2008Al Barshaa South SecondSkyhills Astra by HREDubai Science ParkBuildingExisting PropertiesNot specified180,893 sqftAED 1,047/sqftAED 189,366,264
11 Aug 2008Hor Al Anz East—BuildingExisting PropertiesNot specified50,666 sqftAED 2,240/sqftAED 113,500,000
26 Aug 2008Marsa DubaiMARINA 101Dubai MarinaBuildingExisting PropertiesNot specified37,672 sqftAED 2,124/sqftAED 80,000,000
11 Aug 2008Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified65,248 sqftAED 1,136/sqftAED 74,149,800
7 Aug 2008World IslandsJASMINE GARDENThe WorldVillaExisting PropertiesNot specified631,755 sqftAED 117/sqftAED 73,819,620
21 Aug 2008Marsa DubaiContinental TowerDubai MarinaBuildingExisting PropertiesNot specified43,757 sqftAED 1,580/sqftAED 69,126,460
26 Aug 2008Marsa DubaiPELaGOS By IGODubai MarinaBuildingExisting PropertiesNot specified24,592 sqftAED 2,761/sqftAED 67,906,320

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.