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Quarterly report

Dubai property market — Q2 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,115Registered in Q2 2008up260.8% vs a year earlier
Total valueAED 36.43BRegistered in Q2 2008Across 103 communities
Price per sqftAED 570/sqftMedian across Q2 2008up83.2% vs a year earlier
Sale priceAED 1.82MMedian across Q2 20080% sold off-plan

In a sentence

The Land Department registered 6,115 property sales in Q2 2008, worth AED 36.43B in total, across 103 communities. That is 261% more than the same quarter a year earlier.

The median sale was AED 1,816,888 at AED 570/sqft, 83.2% above the same quarter last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 1,572 registered sales, while Burj Khalifa took the most money at AED 3.79B.

Against the previous quarter, Al Thanyah Third rose 241% to 586 sales, while Mirdif fell 3% to 59.

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 Q2 2008, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,572+14.8%AED 2.78BAED 949KAED 768/sqft0%
Al Thanayah Fourth1,026+187.4%AED 2.69BAED 1.69MAED 389/sqft0%
Wadi Al Safa 6615+174.6%AED 1.83BAED 2.45MAED 390/sqft0%
Al Thanyah Third586+240.7%AED 1.37BAED 1.12MAED 984/sqft0%
Al Ruwayyah459+150.8%AED 1.20BAED 969KAED 125/sqft0%
Al Warsan First447+123.5%AED 1.67BAED 370KAED 580/sqft0%
Palm Jumeirah344+23.7%AED 2.39BAED 2.80MAED 388/sqft1%
Jabal Ali110+1733.3%AED 1.34BAED 7.76MAED 234/sqft0%
Al Thanyah Fifth104+136.4%AED 631.75MAED 2.40MAED 425/sqft1%
Al Jadaf97+7.8%AED 2.19BAED 20.83MAED 1,700/sqft0%
Mirdif59-3.3%AED 465.02MAED 6.50MAED 650/sqft0%
Burj Khalifa56+51.4%AED 3.79BAED 22.92MAED 1,075/sqft0%
Al Barsha South Fourth53—AED 846.08MAED 12.28MAED 384/sqft0%
Jabal Ali Industrial First42-17.6%AED 1.24BAED 27.00MAED 1,350/sqft0%
Nad Al Shiba39+200.0%AED 884.31MAED 23.62MAED 450/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 3.79B56
Marsa DubaiAED 2.78B1,572
Al Thanayah FourthAED 2.69B1,026
Palm JumeirahAED 2.39B344
Al JadafAED 2.19B97
Wadi Al Safa 6AED 1.83B615
Al Warsan FirstAED 1.67B447
Trade Center FirstAED 1.39B3
Al Thanyah ThirdAED 1.37B586
Jabal AliAED 1.34B110

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 Thanyah Third586+240.7%
Al Thanayah Fourth1,026+187.4%
Wadi Al Safa 6615+174.6%
Al Ruwayyah459+150.8%
Al Warsan First447+123.5%
Palm Jumeirah344+23.7%
Marsa Dubai1,572+14.8%
Al Jadaf97+7.8%
Mirdif59-3.3%

The largest sales of Q2 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
29 May 2008Zaabeel SecondAkala Hotels and ResidencesDubai International Financial CenterLandExisting PropertiesNot specified138,466 sqftAED 8,500/sqftAED 1,176,961,000
5 Jun 2008Trade Center FirstBURJ AZIZILandExisting PropertiesNot specified40,000 sqftAED 18,000/sqftAED 720,000,000
12 May 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified586,391 sqftAED 942/sqftAED 552,441,000
26 May 2008Al Hamriya—BuildingExisting PropertiesNot specified63,920 sqftAED 6,571/sqftAED 420,000,000
12 May 2008Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified198,934 sqftAED 2,111/sqftAED 420,000,000
1 May 2008Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 34,000/sqftAED 340,000,000
20 May 2008Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 33,000/sqftAED 330,000,000
12 May 2008Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified198,934 sqftAED 1,583/sqftAED 315,000,000
14 May 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified232,393 sqftAED 1,250/sqftAED 290,493,000
3 Jun 2008Burj Khalifa—LandExisting PropertiesNot specified64,778 sqftAED 4,200/sqftAED 272,067,600

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.