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Monthly report

Dubai property market — September 2008

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

Sales1,974Registered in September 2008up123.1% vs a year earlier
Total valueAED 10.72BRegistered in September 2008Across 59 communities
Price per sqftAED 568/sqftMedian across September 2008up33.2% vs a year earlier
Sale priceAED 1.09MMedian across September 20080% sold off-plan

In a sentence

The Land Department registered 1,974 property sales in September 2008, worth AED 10.72B in total, across 59 communities. That is 123% more than the same month a year earlier.

The median sale was AED 1,089,944 at AED 568/sqft, 33.2% above the same month last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 660 registered sales, while Burj Khalifa took the most money at AED 1.29B.

Against the previous month, Jabal Ali rose 80% to 135 sales, while Al Thanayah Fourth fell 30% to 124.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First660-13.3%AED 443.97MAED 332KAED 550/sqft0%
Marsa Dubai353-29.5%AED 805.42MAED 959KAED 833/sqft0%
Al Thanyah Third168-29.4%AED 351.45MAED 1.64MAED 1,097/sqft0%
Jabal Ali135+80.0%AED 833.54MAED 2.66MAED 223/sqft0%
Al Thanayah Fourth124-29.5%AED 389.54MAED 2.14MAED 545/sqft0%
Wadi Al Safa 697-4.9%AED 322.79MAED 2.80MAED 436/sqft0%
Al Barsha South Fourth81-10.0%AED 1.09BAED 8.99MAED 314/sqft0%
Al Ruwayyah72-29.4%AED 246.30MAED 1.50MAED 134/sqft0%
Al Thanyah Fifth49-32.9%AED 473.97MAED 1.39MAED 652/sqft0%
Burj Khalifa40+2.6%AED 1.29BAED 3.12MAED 1,504/sqft0%
Palm Jumeirah39-4.9%AED 390.38MAED 4.65MAED 396/sqft0%
Al Jadaf27+575.0%AED 747.08MAED 27.69MAED 1,850/sqft0%
Nad Al Shiba21-61.1%AED 1.22BAED 8.06MAED 325/sqft0%
Al Barsha South Fifth14+7.7%AED 193.46MAED 9.25MAED 386/sqft0%
Al Barshaa South Third80.0%AED 146.64MAED 16.95MAED 220/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
Burj KhalifaAED 1.29B40
Nad Al ShibaAED 1.22B21
Al Barsha South FourthAED 1.09B81
Jabal AliAED 833.54M135
Marsa DubaiAED 805.42M353
Al JadafAED 747.08M27
Al Thanyah FifthAED 473.97M49
Al Warsan FirstAED 443.97M660
Madinat Dubai AlmelaheyahAED 422.18M2
Palm JumeirahAED 390.38M39

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
Jabal Ali135+80.0%
Al Thanayah Fourth124-29.5%
Marsa Dubai353-29.5%
Al Thanyah Third168-29.4%
Al Ruwayyah72-29.4%
Al Warsan First660-13.3%
Al Barsha South Fourth81-10.0%
Wadi Al Safa 697-4.9%

The largest sales of September 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
17 Sept 2008Nad Al Shiba—City Of ArabiaLandExisting PropertiesNot specified100,246 sqftAED 4,988/sqftAED 500,000,000
29 Sept 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified125,627 sqftAED 3,900/sqftAED 489,945,300
29 Sept 2008Nad Al Shiba—Silicon OasisLandExisting PropertiesNot specified96,076 sqftAED 4,840/sqftAED 465,000,000
8 Sept 2008Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified104,151 sqftAED 3,218/sqftAED 335,177,824
18 Sept 2008Marsa DubaiSILVERENEDubai MarinaBuildingExisting PropertiesNot specified110,245 sqftAED 1,579/sqftAED 174,036,200
2 Sept 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified125,627 sqftAED 1,350/sqftAED 169,596,450
22 Sept 2008Burj KhalifaPLATINUM TOWERBusiness BayLandExisting PropertiesNot specified112,496 sqftAED 1,360/sqftAED 152,995,000
2 Sept 2008Al Barsha First—BuildingExisting PropertiesNot specified22,494 sqftAED 5,246/sqftAED 118,000,000
16 Sept 2008Jabal Ali—Dubai Water FrontLandExisting PropertiesNot specified242,209 sqftAED 455/sqftAED 110,195,540
1 Sept 2008Burj KhalifaONTARIO TOWERBusiness BayLandExisting PropertiesNot specified65,834 sqftAED 1,500/sqftAED 98,751,000

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.