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Monthly report

Dubai property market — December 2008

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

Sales1,981Registered in December 2008up106.8% vs a year earlier
Total valueAED 3.81BRegistered in December 2008Across 31 communities
Price per sqftAED 617/sqftMedian across December 2008up34.8% vs a year earlier
Sale priceAED 638KMedian across December 20080% sold off-plan

In a sentence

The Land Department registered 1,981 property sales in December 2008, worth AED 3.81B in total, across 31 communities. That is 107% more than the same month a year earlier.

The median sale was AED 637,750 at AED 617/sqft, 34.8% above the same month last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 865 registered sales, while Marsa Dubai took the most money at AED 544.88M.

Against the previous month, Al Thanyah Fifth rose 92% to 209 sales, while Wadi Al Safa 6 fell 63% to 67.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First865-47.8%AED 351.04MAED 349KAED 561/sqft0%
Marsa Dubai321-18.5%AED 544.88MAED 885KAED 741/sqft0%
Al Thanyah Fifth209+91.7%AED 309.09MAED 794KAED 730/sqft0%
Trade Center Second130—AED 467.14MAED 3.68MAED 1,498/sqft0%
Al Thanyah Third110-55.8%AED 169.22MAED 1.25MAED 901/sqft0%
Al Thanayah Fourth109-36.3%AED 324.27MAED 1.78MAED 458/sqft0%
Burj Khalifa71-21.1%AED 339.96MAED 1.70MAED 1,250/sqft0%
Wadi Al Safa 667-63.4%AED 152.29MAED 2.17MAED 417/sqft0%
Palm Jumeirah23-36.1%AED 172.04MAED 3.20MAED 388/sqft0%
Al Ruwayyah20-4.8%AED 36.26MAED 1.83MAED 185/sqft0%
Al Barsha South Fourth110.0%AED 141.66MAED 7.84MAED 275/sqft0%
Nad Al Shiba7-22.2%AED 120.16MAED 11.96MAED 300/sqft0%
Jabal Ali5-85.3%AED 84.55MAED 10.00MAED 280/sqft0%
Jabal Ali Industrial First4+100.0%AED 155.27MAED 35.40MAED 1,100/sqft0%
Mirdif4+100.0%AED 22.68MAED 2.79MAED 288/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 544.88M321
Trade Center SecondAED 467.14M130
Al Warsan FirstAED 351.04M865
Burj KhalifaAED 339.96M71
Al Thanayah FourthAED 324.27M109
Al Thanyah FifthAED 309.09M209
BukadraAED 227.89M2
Palm JumeirahAED 172.04M23
Al Thanyah ThirdAED 169.22M110
Jabal Ali Industrial FirstAED 155.27M4

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 Thanyah Fifth209+91.7%
Wadi Al Safa 667-63.4%
Al Thanyah Third110-55.8%
Al Warsan First865-47.8%
Al Thanayah Fourth109-36.3%
Burj Khalifa71-21.1%
Marsa Dubai321-18.5%

The largest sales of December 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
24 Dec 2008BukadraCLAYDON HOUSE BY ELLINGTONLandExisting PropertiesNot specified51,438 sqftAED 2,748/sqftAED 141,366,500
18 Dec 2008Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified208,407 sqftAED 614/sqftAED 128,008,000
17 Dec 2008BukadraDANA ROYALE TOWER 1BuildingExisting PropertiesNot specified48,057 sqftAED 1,800/sqftAED 86,522,400
18 Dec 2008Al Barsha South FourthTOWER 88Jumeirah Village CircleBuildingExisting PropertiesNot specified82,973 sqftAED 803/sqftAED 66,604,721
1 Dec 2008Jabal Ali Industrial First—BuildingExisting PropertiesNot specified54,057 sqftAED 1,100/sqftAED 59,462,700
16 Dec 2008Burj Khalifa51@BUSINESS BAYBusiness BayLandExisting PropertiesNot specified46,123 sqftAED 1,175/sqftAED 54,195,000
18 Dec 2008Palm JumeirahDUSIT EMIRATES SARAYPalm JumeirahBuildingExisting PropertiesNot specified442,808 sqftAED 115/sqftAED 50,793,400
25 Dec 2008Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified16,959 sqftAED 2,948/sqftAED 50,000,000
16 Dec 2008Burj KhalifaMAYFAIR RESIDENCYBusiness BayLandExisting PropertiesNot specified34,152 sqftAED 1,250/sqftAED 42,690,000
17 Dec 2008Burj KhalifaMAYFAIR TOWERBusiness BayLandExisting PropertiesNot specified34,060 sqftAED 1,250/sqftAED 42,575,000

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.