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Monthly report

Dubai property market — October 2008

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

Sales1,940Registered in October 2008up33.5% vs a year earlier
Total valueAED 7.46BRegistered in October 2008Across 56 communities
Price per sqftAED 617/sqftMedian across October 2008up14.6% vs a year earlier
Sale priceAED 1.03MMedian across October 20080% sold off-plan

In a sentence

The Land Department registered 1,940 property sales in October 2008, worth AED 7.46B in total, across 56 communities. That is 34% more than the same month a year earlier.

The median sale was AED 1,033,073 at AED 617/sqft, 14.6% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 457 registered sales, and also took the most money at AED 922.86M.

Against the previous month, Al Thanayah Fourth rose 105% to 254 sales, while Al Warsan First fell 42% to 382.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai457+29.5%AED 922.86MAED 950KAED 824/sqft0%
Al Warsan First382-42.1%AED 197.61MAED 351KAED 576/sqft0%
Al Thanayah Fourth254+104.8%AED 598.72MAED 1.46MAED 310/sqft0%
Al Thanyah Third197+17.3%AED 380.61MAED 1.39MAED 893/sqft0%
Wadi Al Safa 6154+58.8%AED 400.50MAED 2.31MAED 345/sqft0%
Al Ruwayyah92+27.8%AED 106.32MAED 770KAED 125/sqft0%
Burj Khalifa83+107.5%AED 763.27MAED 2.09MAED 1,137/sqft0%
Al Thanyah Fifth72+46.9%AED 217.02MAED 966KAED 696/sqft0%
Al Barsha South Fourth42-48.1%AED 724.66MAED 11.76MAED 298/sqft0%
Nad Al Shiba35+66.7%AED 222.32MAED 2.66MAED 92/sqft0%
Jabal Ali24-82.2%AED 481.30MAED 21.23MAED 486/sqft0%
Wadi Al Safa 524—AED 20.20MAED 755KAED 125/sqft0%
Palm Jumeirah21-46.2%AED 237.29MAED 4.65MAED 418/sqft0%
Al Barsha South Fifth140.0%AED 172.43MAED 1.49MAED 215/sqft0%
Al Jadaf10-63.0%AED 199.90MAED 19.21MAED 1,475/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
Marsa DubaiAED 922.86M457
Burj KhalifaAED 763.27M83
Al Barsha South FourthAED 724.66M42
Al Thanayah FourthAED 598.72M254
Jabal AliAED 481.30M24
Wadi Al Safa 6AED 400.50M154
Al Thanyah ThirdAED 380.61M197
World IslandsAED 298.02M1
Jabal Ali Industrial FirstAED 252.05M8
Palm JumeirahAED 237.29M21

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 Thanayah Fourth254+104.8%
Wadi Al Safa 6154+58.8%
Al Warsan First382-42.1%
Marsa Dubai457+29.5%
Al Ruwayyah92+27.8%
Al Thanyah Third197+17.3%

The largest sales of October 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 Oct 2008World IslandsPANGKOR LAUT LUXURY RESIDENCE & SPA VILLAGEThe WorldVillaExisting PropertiesNot specified2,720,714 sqftAED 110/sqftAED 298,023,136
30 Oct 2008Bukadra—LandExisting PropertiesNot specified30,515 sqftAED 4,400/sqftAED 134,266,000
23 Oct 2008Burj KhalifaTAMANI ARTS OFFICESBusiness BayLandExisting PropertiesNot specified101,183 sqftAED 1,200/sqftAED 121,419,600
23 Oct 2008Burj KhalifaTAMANI ART ROYAL SUITESBusiness BayLandExisting PropertiesNot specified75,425 sqftAED 1,200/sqftAED 90,508,800
13 Oct 2008Marsa DubaiSPARKLE TOWERSDubai MarinaBuildingExisting PropertiesNot specified66,848 sqftAED 1,282/sqftAED 85,718,825
15 Oct 2008Burj Khalifa77SBusiness BayLandExisting PropertiesNot specified56,700 sqftAED 1,500/sqftAED 85,051,000
14 Oct 2008Al Mararr—BuildingExisting PropertiesNot specified10,601 sqftAED 8,018/sqftAED 85,000,000
8 Oct 2008Muhaisanah Second—BuildingExisting PropertiesNot specified28,457 sqftAED 2,811/sqftAED 80,000,000
7 Oct 2008Al Khairan Second—The LagoonsLandExisting PropertiesNot specified30,377 sqftAED 2,566/sqftAED 77,933,640
14 Oct 2008Al Barsha South FifthTREPPAN TOWERJumeirah Village TriangleLandExisting PropertiesNot specified22,652 sqftAED 3,330/sqftAED 75,437,000

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.