← All reports

Quarterly report

Dubai property market — Q3 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,920Registered in Q3 2008up167.9% vs a year earlier
Total valueAED 32.66BRegistered in Q3 2008Across 93 communities
Price per sqftAED 582/sqftMedian across Q3 2008up54.5% vs a year earlier
Sale priceAED 1.15MMedian across Q3 20080% sold off-plan

In a sentence

The Land Department registered 6,920 property sales in Q3 2008, worth AED 32.66B in total, across 93 communities. That is 168% more than the same quarter a year earlier.

The median sale was AED 1,150,000 at AED 582/sqft, 54.5% above the same quarter last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 1,712 registered sales, while Al Barsha South Fourth took the most money at AED 4.31B.

Against the previous quarter, Al Barsha South Fourth rose 408% to 269 sales, while Palm Jumeirah fell 54% to 158.

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 Q3 2008, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First1,712+283.0%AED 1.21BAED 326KAED 559/sqft0%
Marsa Dubai1,491-5.2%AED 3.40BAED 1.00MAED 832/sqft0%
Al Thanyah Third660+12.6%AED 1.72BAED 1.71MAED 1,053/sqft0%
Al Thanayah Fourth581-43.4%AED 1.93BAED 1.90MAED 481/sqft0%
Al Ruwayyah537+17.0%AED 1.00BAED 787KAED 117/sqft0%
Wadi Al Safa 6397-35.4%AED 1.25BAED 2.53MAED 388/sqft0%
Al Barsha South Fourth269+407.5%AED 4.31BAED 9.71MAED 321/sqft0%
Jabal Ali232+110.9%AED 1.40BAED 2.85MAED 235/sqft0%
Al Thanyah Fifth200+92.3%AED 1.19BAED 1.38MAED 690/sqft0%
Palm Jumeirah158-54.1%AED 1.36BAED 4.65MAED 396/sqft0%
Burj Khalifa109+94.6%AED 2.99BAED 3.02MAED 1,350/sqft0%
Nad Al Shiba101+159.0%AED 2.25BAED 9.11MAED 300/sqft0%
Wadi Al Safa 562+313.3%AED 52.20MAED 707KAED 117/sqft0%
Al Jadaf46-52.6%AED 1.18BAED 22.88MAED 1,850/sqft0%
Me'Aisem First31—AED 93.08MAED 1.88MAED 235/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 Barsha South FourthAED 4.31B269
Marsa DubaiAED 3.40B1,491
Burj KhalifaAED 2.99B109
Nad Al ShibaAED 2.25B101
Al Thanayah FourthAED 1.93B581
Al Thanyah ThirdAED 1.72B660
Jabal AliAED 1.40B232
Palm JumeirahAED 1.36B158
Wadi Al Safa 6AED 1.25B397
Al Warsan FirstAED 1.21B1,712

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 Barsha South Fourth269+407.5%
Al Warsan First1,712+283.0%
Jabal Ali232+110.9%
Burj Khalifa109+94.6%
Al Thanyah Fifth200+92.3%
Palm Jumeirah158-54.1%
Al Thanayah Fourth581-43.4%
Wadi Al Safa 6397-35.4%
Al Ruwayyah537+17.0%
Al Thanyah Third660+12.6%

The largest sales of Q3 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
17 Sept 2008Nad Al Shiba—City Of ArabiaLandExisting PropertiesNot specified100,246 sqftAED 4,988/sqftAED 500,000,000
29 Sept 2008Burj Khalifa—Business BayLandExisting PropertiesNot specified125,627 sqftAED 3,900/sqftAED 489,945,300
29 Sept 2008Nad Al Shiba—Silicon OasisLandExisting PropertiesNot specified96,076 sqftAED 4,840/sqftAED 465,000,000
8 Sept 2008Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified104,151 sqftAED 3,218/sqftAED 335,177,824
7 Aug 2008Al Thanyah ThirdTHE ONYXThe GreensBuildingExisting PropertiesNot specified237,363 sqftAED 1,264/sqftAED 300,000,000
9 Jul 2008Al Garhoud—BuildingExisting PropertiesNot specified38,600 sqftAED 6,813/sqftAED 263,000,000
14 Aug 2008Burj KhalifaSILVER STAR TOWERBusiness BayLandExisting PropertiesNot specified68,029 sqftAED 3,601/sqftAED 245,000,000
28 Jul 2008Al Wasl—LandExisting PropertiesNot specified40,000 sqftAED 6,000/sqftAED 240,000,000
14 Aug 2008Madinat Dubai AlmelaheyahBreez by DanubeDubai Maritime CityLandExisting PropertiesNot specified30,011 sqftAED 7,768/sqftAED 233,135,527
16 Jul 2008Port Saeed—BuildingExisting PropertiesNot specified17,976 sqftAED 11,126/sqftAED 200,000,000

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.