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Monthly report

Dubai property market — November 2008

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

Sales3,082Registered in November 2008up126.8% vs a year earlier
Total valueAED 6.97BRegistered in November 2008Across 47 communities
Price per sqftAED 583/sqftMedian across November 2008up12.8% vs a year earlier
Sale priceAED 456KMedian across November 20080% sold off-plan

In a sentence

The Land Department registered 3,082 property sales in November 2008, worth AED 6.97B in total, across 47 communities. That is 127% more than the same month a year earlier.

The median sale was AED 456,444 at AED 583/sqft, 12.8% above the same month last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 1,658 registered sales, while Al Jadaf took the most money at AED 757.20M.

Against the previous month, Al Warsan First rose 334% to 1,658 sales, while Al Thanayah Fourth fell 33% to 171.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First1,658+334.0%AED 673.61MAED 310KAED 552/sqft0%
Marsa Dubai394-13.8%AED 752.01MAED 1.00MAED 810/sqft0%
Al Thanyah Third249+26.4%AED 594.25MAED 2.45MAED 910/sqft0%
Wadi Al Safa 6183+18.8%AED 454.24MAED 2.20MAED 410/sqft0%
Al Thanayah Fourth171-32.7%AED 345.06MAED 1.39MAED 328/sqft0%
Al Thanyah Fifth109+51.4%AED 299.06MAED 1.06MAED 759/sqft0%
Burj Khalifa90+8.4%AED 545.42MAED 1.95MAED 1,174/sqft0%
Palm Jumeirah36+71.4%AED 274.08MAED 3.92MAED 388/sqft0%
Jabal Ali34+41.7%AED 542.66MAED 9.76MAED 1,028/sqft0%
Al Ruwayyah21-77.2%AED 152.67MAED 1.80MAED 293/sqft0%
Nadd Hessa19—AED 20.34MAED 1.13MAED 844/sqft0%
Me'Aisem First16—AED 150.49MAED 8.59MAED 1,080/sqft0%
Al Jadaf12+20.0%AED 757.20MAED 25.51MAED 1,550/sqft0%
Al Barsha South Fourth11-73.8%AED 132.31MAED 11.14MAED 262/sqft0%
Al Hebiah Fourth11+120.0%AED 206.11MAED 16.13MAED 434/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 JadafAED 757.20M12
Marsa DubaiAED 752.01M394
Al Warsan FirstAED 673.61M1,658
Al Thanyah ThirdAED 594.25M249
Burj KhalifaAED 545.42M90
Jabal AliAED 542.66M34
Wadi Al Safa 6AED 454.24M183
Al Thanayah FourthAED 345.06M171
Al Thanyah FifthAED 299.06M109
Palm JumeirahAED 274.08M36

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 First1,658+334.0%
Al Thanyah Fifth109+51.4%
Al Thanayah Fourth171-32.7%
Al Thanyah Third249+26.4%
Wadi Al Safa 6183+18.8%
Marsa Dubai394-13.8%
Burj Khalifa90+8.4%

The largest sales of November 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
11 Nov 2008Al JadafD1Culture VillageLandExisting PropertiesNot specified78,312 sqftAED 2,937/sqftAED 230,005,000
11 Nov 2008Al JadafD1Jaddaf WaterfrontBuildingExisting PropertiesNot specified400,673 sqftAED 530/sqftAED 212,317,000
4 Nov 2008World IslandsLYNNCOLNThe WorldBuildingExisting PropertiesNot specified867,794 sqftAED 212/sqftAED 184,130,923
11 Nov 2008Burj KhalifaCAPITAL BAY ABusiness BayLandExisting PropertiesNot specified90,884 sqftAED 1,000/sqftAED 90,866,000
18 Nov 2008Jabal Ali—LandExisting PropertiesNot specified1,016,580 sqftAED 86/sqftAED 87,394,345
26 Nov 2008Burj KhalifaTHE RESIDENCE AT BUSINESS CENTRALBusiness BayLandExisting PropertiesNot specified63,951 sqftAED 1,294/sqftAED 82,753,600
10 Nov 2008Al JadafBinghatti TwilightJaddaf WaterfrontBuildingExisting PropertiesNot specified24,104 sqftAED 3,293/sqftAED 79,374,000
17 Nov 2008Al JadafNASTARAN TOWERJaddaf WaterfrontBuildingExisting PropertiesNot specified23,909 sqftAED 3,276/sqftAED 78,315,000
6 Nov 2008Bukadra—LandExisting PropertiesNot specified36,694 sqftAED 2,000/sqftAED 73,388,000
11 Nov 2008Burj KhalifaEXECUTIVE BAY ABusiness BayLandExisting PropertiesNot specified71,889 sqftAED 1,000/sqftAED 71,890,000

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.