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Quarterly report

Dubai property market — Q4 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales7,003Registered in Q4 2008up85.8% vs a year earlier
Total valueAED 18.23BRegistered in Q4 2008Across 78 communities
Price per sqftAED 605/sqftMedian across Q4 2008up12.4% vs a year earlier
Sale priceAED 684KMedian across Q4 20080% sold off-plan

In a sentence

The Land Department registered 7,003 property sales in Q4 2008, worth AED 18.23B in total, across 78 communities. That is 86% more than the same quarter a year earlier.

The median sale was AED 684,000 at AED 605/sqft, 12.4% above the same quarter last year. 0% of sales were off-plan.

Al Warsan First was the busiest community with 2,905 registered sales, while Marsa Dubai took the most money at AED 2.22B.

Against the previous quarter, Burj Khalifa rose 124% to 244 sales, while Al Barsha South Fourth fell 76% to 64.

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 Q4 2008, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First2,905+69.7%AED 1.22BAED 325KAED 557/sqft0%
Marsa Dubai1,172-21.4%AED 2.22BAED 949KAED 797/sqft0%
Al Thanyah Third556-15.8%AED 1.14BAED 1.54MAED 899/sqft0%
Al Thanayah Fourth534-8.1%AED 1.27BAED 1.47MAED 337/sqft0%
Wadi Al Safa 6404+1.8%AED 1.01BAED 2.22MAED 387/sqft0%
Al Thanyah Fifth390+95.0%AED 825.17MAED 850KAED 725/sqft0%
Burj Khalifa244+123.9%AED 1.65BAED 1.95MAED 1,186/sqft0%
Al Ruwayyah133-75.2%AED 295.25MAED 839KAED 125/sqft0%
Trade Center Second130—AED 467.14MAED 3.68MAED 1,498/sqft0%
Palm Jumeirah80-49.4%AED 683.41MAED 3.92MAED 388/sqft0%
Al Barsha South Fourth64-76.2%AED 998.63MAED 9.57MAED 275/sqft0%
Jabal Ali63-72.8%AED 1.11BAED 11.07MAED 888/sqft0%
Nad Al Shiba51-49.5%AED 388.05MAED 2.66MAED 92/sqft0%
Wadi Al Safa 530-51.6%AED 75.48MAED 763KAED 125/sqft0%
Al Jadaf23-50.0%AED 989.14MAED 22.51MAED 1,550/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 2.22B1,172
Burj KhalifaAED 1.65B244
Al Thanayah FourthAED 1.27B534
Al Warsan FirstAED 1.22B2,905
Al Thanyah ThirdAED 1.14B556
Jabal AliAED 1.11B63
Wadi Al Safa 6AED 1.01B404
Al Barsha South FourthAED 998.63M64
Al JadafAED 989.14M23
Al Thanyah FifthAED 825.17M390

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
Burj Khalifa244+123.9%
Al Thanyah Fifth390+95.0%
Al Barsha South Fourth64-76.2%
Al Ruwayyah133-75.2%
Jabal Ali63-72.8%
Al Warsan First2,905+69.7%
Nad Al Shiba51-49.5%
Palm Jumeirah80-49.4%
Marsa Dubai1,172-21.4%
Al Thanyah Third556-15.8%

The largest sales of Q4 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
9 Oct 2008World IslandsPANGKOR LAUT LUXURY RESIDENCE & SPA VILLAGEThe WorldVillaExisting PropertiesNot specified2,720,714 sqftAED 110/sqftAED 298,023,136
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
24 Dec 2008BukadraCLAYDON HOUSE BY ELLINGTONLandExisting PropertiesNot specified51,438 sqftAED 2,748/sqftAED 141,366,500
30 Oct 2008Bukadra—LandExisting PropertiesNot specified30,515 sqftAED 4,400/sqftAED 134,266,000
18 Dec 2008Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified208,407 sqftAED 614/sqftAED 128,008,000
23 Oct 2008Burj KhalifaTAMANI ARTS OFFICESBusiness BayLandExisting PropertiesNot specified101,183 sqftAED 1,200/sqftAED 121,419,600
11 Nov 2008Burj KhalifaCAPITAL BAY ABusiness BayLandExisting PropertiesNot specified90,884 sqftAED 1,000/sqftAED 90,866,000
23 Oct 2008Burj KhalifaTAMANI ART ROYAL SUITESBusiness BayLandExisting PropertiesNot specified75,425 sqftAED 1,200/sqftAED 90,508,800

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.