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Quarterly report

Dubai property market — Q1 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales3,596Registered in Q1 2008up247.8% vs a year earlier
Total valueAED 22.76BRegistered in Q1 2008Across 93 communities
Price per sqftAED 546/sqftMedian across Q1 2008up82.1% vs a year earlier
Sale priceAED 1.80MMedian across Q1 20080% sold off-plan

In a sentence

The Land Department registered 3,596 property sales in Q1 2008, worth AED 22.76B in total, across 93 communities. That is 248% more than the same quarter a year earlier.

The median sale was AED 1,800,000 at AED 546/sqft, 82.1% above the same quarter last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 1,369 registered sales, while Burj Khalifa took the most money at AED 2.59B.

Against the previous quarter, Al Warsan First rose 111% to 200 sales, while Jabal Ali Industrial First fell 64% to 51.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2008, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,369-6.7%AED 2.22BAED 900KAED 633/sqft0%
Al Thanayah Fourth357-33.8%AED 857.92MAED 1.65MAED 370/sqft0%
Palm Jumeirah278+79.4%AED 1.74BAED 3.20MAED 388/sqft1%
Wadi Al Safa 6224-20.6%AED 550.76MAED 2.14MAED 353/sqft0%
Al Warsan First200+110.5%AED 795.57MAED 430KAED 510/sqft0%
Al Ruwayyah183+438.2%AED 934.59MAED 1.75MAED 193/sqft0%
Al Thanyah Third172-28.9%AED 1.09BAED 895KAED 711/sqft0%
Al Jadaf90-33.8%AED 1.45BAED 15.27MAED 1,094/sqft1%
Al Ttay87—AED 1.57BAED 19.00MAED 950/sqft0%
Mirdif61-43.5%AED 419.91MAED 5.00MAED 487/sqft0%
Jabal Ali Industrial First51-63.6%AED 1.35BAED 27.46MAED 1,350/sqft0%
Al Thanyah Fifth44+33.3%AED 648.31MAED 6.67MAED 676/sqft2%
Burj Khalifa37-9.8%AED 2.59BAED 65.75MAED 1,250/sqft0%
Hor Al Anz33+13.8%AED 108.22MAED 2.60MAED 1,082/sqft0%
Al Warqa First26+160.0%AED 314.54MAED 11.67MAED 790/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 2.59B37
Marsa DubaiAED 2.22B1,369
Palm JumeirahAED 1.74B278
Al TtayAED 1.57B87
Al JadafAED 1.45B90
Jabal Ali Industrial FirstAED 1.35B51
Al Thanyah ThirdAED 1.09B172
Al RuwayyahAED 934.59M183
Al Thanayah FourthAED 857.92M357
Al Warsan FirstAED 795.57M200

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Warsan First200+110.5%
Palm Jumeirah278+79.4%
Jabal Ali Industrial First51-63.6%
Mirdif61-43.5%
Al Jadaf90-33.8%
Al Thanayah Fourth357-33.8%
Al Thanyah Third172-28.9%
Wadi Al Safa 6224-20.6%
Marsa Dubai1,369-6.7%

The largest sales of Q1 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
28 Feb 2008Al Safouh Second—BuildingExisting PropertiesNot specified167,800 sqftAED 4,172/sqftAED 700,000,000
19 Feb 2008Al Thanyah Fifth—DMCC Master CommunityBuildingExisting PropertiesNot specified17,760 sqftAED 21,396/sqftAED 380,000,000
31 Jan 2008Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified55,293 sqftAED 6,771/sqftAED 374,400,000
20 Feb 2008Al Hamriya—BuildingExisting PropertiesNot specified63,920 sqftAED 5,476/sqftAED 350,000,000
27 Mar 2008Al Lusaily—LandExisting PropertiesNot specified54,999,490 sqftAED 6/sqftAED 343,750,000
20 Feb 2008Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 25,000/sqftAED 250,000,000
5 Feb 2008Marsa DubaiESCAN MARINA TOWERDubai MarinaVillaExisting PropertiesNot specified35,445 sqftAED 6,207/sqftAED 220,000,000
31 Jan 2008Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified59,387 sqftAED 3,546/sqftAED 210,600,000
14 Feb 2008Burj KhalifaUPPER CRESTDownTown DubaiBuildingExisting PropertiesNot specified40,778 sqftAED 4,537/sqftAED 185,000,000
11 Feb 2008Burj KhalifaSTAR HILL TOWERS & GALLAERYBusiness BayLandExisting PropertiesNot specified150,028 sqftAED 1,200/sqftAED 180,000,000

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.