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Monthly report

Dubai property market — January 2009

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2009. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales4,356Registered in January 2009up290.7% vs a year earlier
Total valueAED 6.41BRegistered in January 2009Across 43 communities
Price per sqftAED 578/sqftMedian across January 2009up7% vs a year earlier
Sale priceAED 406KMedian across January 200917% sold off-plan

In a sentence

The Land Department registered 4,356 property sales in January 2009, worth AED 6.41B in total, across 43 communities. That is 291% more than the same month a year earlier.

The median sale was AED 406,000 at AED 578/sqft, 7% above the same month last year. 17% of sales were off-plan.

Al Warsan First was the busiest community with 2,076 registered sales, and also took the most money at AED 882.15M.

Against the previous month, Al Warsan First rose 140% to 2,076 sales, while Wadi Al Safa 6 fell 19% to 54.

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 January 2009, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First2,076+140.0%AED 882.15MAED 310KAED 519/sqft0%
Jabal Ali First494—AED 119.97MAED 83KAED 605/sqft89%
Marsa Dubai444+38.3%AED 648.60MAED 1.06MAED 835/sqft14%
Al Thanyah Fifth386+84.7%AED 675.23MAED 1.09MAED 702/sqft2%
Al Thanyah Third130+18.2%AED 194.70MAED 992KAED 862/sqft0%
Palm Jumeirah130+465.2%AED 636.45MAED 2.80MAED 388/sqft0%
Burj Khalifa110+54.9%AED 697.71MAED 1.51MAED 1,276/sqft0%
Al Thanayah Fourth104-4.6%AED 231.38MAED 1.53MAED 382/sqft0%
Al Barsha South Fourth88+700.0%AED 121.37MAED 539KAED 682/sqft94%
Al Hebiah Fourth87—AED 89.63MAED 493KAED 1,120/sqft99%
Jabal Ali84+1580.0%AED 592.86MAED 2.10MAED 207/sqft0%
Wadi Al Safa 654-19.4%AED 139.35MAED 1.94MAED 461/sqft0%
Nadd Hessa53+5200.0%AED 58.17MAED 907KAED 675/sqft0%
Wadi Al Safa 250—AED 30.16MAED 576KAED 701/sqft100%
Al Jadaf10+900.0%AED 210.20MAED 20.61MAED 1,700/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 Warsan FirstAED 882.15M2,076
Burj KhalifaAED 697.71M110
Al Thanyah FifthAED 675.23M386
Marsa DubaiAED 648.60M444
Palm JumeirahAED 636.45M130
Jabal AliAED 592.86M84
Madinat Dubai AlmelaheyahAED 580.73M2
Al Thanayah FourthAED 231.38M104
Al JadafAED 210.20M10
Al Khairan SecondAED 202.57M1

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 Warsan First2,076+140.0%
Al Thanyah Fifth386+84.7%
Burj Khalifa110+54.9%
Marsa Dubai444+38.3%
Wadi Al Safa 654-19.4%
Al Thanyah Third130+18.2%
Al Thanayah Fourth104-4.6%

The largest sales of January 2009

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
7 Jan 2009Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified250,560 sqftAED 2,000/sqftAED 501,120,000
5 Jan 2009Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified122,310 sqftAED 3,036/sqftAED 371,322,603
5 Jan 2009Madinat Dubai AlmelaheyahFranck Muller YachtingDubai Maritime CityLandExisting PropertiesNot specified81,705 sqftAED 2,563/sqftAED 209,406,487
5 Jan 2009Al Khairan Second—The LagoonsLandExisting PropertiesNot specified39,997 sqftAED 5,065/sqftAED 202,570,000
7 Jan 2009Palm JumeirahGOLDEN MILEPalm JumeirahBuildingExisting PropertiesNot specified386,946 sqftAED 303/sqftAED 117,380,667
7 Jan 2009Palm JumeirahGOLDEN MILEPalm JumeirahBuildingExisting PropertiesNot specified246,601 sqftAED 317/sqftAED 78,253,778
27 Jan 2009Nad Al ShibaARABIAN CROWNECity Of ArabiaLandExisting PropertiesNot specified43,173 sqftAED 1,226/sqftAED 52,922,668
26 Jan 2009World Islands—The WorldLandExisting PropertiesNot specified585,922 sqftAED 70/sqftAED 41,014,610
8 Jan 2009Al Hebiah Fourth—Dubai Sports CityLandExisting PropertiesNot specified89,866 sqftAED 380/sqftAED 34,188,000
20 Jan 2009Jabal Ali—LandExisting PropertiesNot specified13,427 sqftAED 2,541/sqftAED 34,120,100

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.