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Monthly report

Dubai property market — February 2009

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

Sales3,782Registered in February 2009up282.8% vs a year earlier
Total valueAED 6.59BRegistered in February 2009Across 46 communities
Price per sqftAED 739/sqftMedian across February 2009up5.7% vs a year earlier
Sale priceAED 650KMedian across February 200933% sold off-plan

In a sentence

The Land Department registered 3,782 property sales in February 2009, worth AED 6.59B in total, across 46 communities. That is 283% more than the same month a year earlier.

The median sale was AED 649,500 at AED 739/sqft, 5.7% above the same month last year. 33% of sales were off-plan.

Al Warsan First was the busiest community with 1,348 registered sales, while Al Thanyah Fifth took the most money at AED 1.48B.

Against the previous month, Al Thanyah Fifth rose 194% to 1,134 sales, while Al Warsan First fell 35% to 1,348.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First1,348-35.1%AED 497.01MAED 326KAED 516/sqft0%
Al Thanyah Fifth1,134+193.8%AED 1.48BAED 1000KAED 911/sqft84%
Marsa Dubai410-7.7%AED 465.53MAED 878KAED 866/sqft23%
Al Thanyah Third106-18.5%AED 159.75MAED 1.11MAED 888/sqft0%
Wadi Al Safa 2105+110.0%AED 59.06MAED 563KAED 680/sqft100%
Trade Center Second102+10100.0%AED 389.10MAED 3.67MAED 1,528/sqft0%
Palm Jumeirah101-22.3%AED 556.43MAED 2.60MAED 527/sqft11%
Burj Khalifa79-28.2%AED 452.70MAED 1.44MAED 1,236/sqft0%
Al Thanayah Fourth78-25.0%AED 133.81MAED 1.36MAED 260/sqft0%
Wadi Al Safa 670+29.6%AED 167.15MAED 1.96MAED 446/sqft0%
Al Jadaf52+420.0%AED 900.05MAED 16.53MAED 2,980/sqft60%
Nadd Hessa50-5.7%AED 61.51MAED 876KAED 672/sqft0%
Al Thanyah First33+450.0%AED 79.98MAED 1.58MAED 1,140/sqft0%
Al Barsha South Fourth28-68.2%AED 66.88MAED 528KAED 652/sqft75%
Al Ruwayyah13+30.0%AED 40.96MAED 2.28MAED 325/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 Thanyah FifthAED 1.48B1,134
Al JadafAED 900.05M52
Palm JumeirahAED 556.43M101
Al Warsan FirstAED 497.01M1,348
Marsa DubaiAED 465.53M410
Burj KhalifaAED 452.70M79
Trade Center SecondAED 389.10M102
Jabal AliAED 236.44M9
Al WaslAED 200.00M1
Wadi Al Safa 6AED 167.15M70

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 Thanyah Fifth1,134+193.8%
Wadi Al Safa 2105+110.0%
Al Warsan First1,348-35.1%
Wadi Al Safa 670+29.6%
Burj Khalifa79-28.2%
Al Thanayah Fourth78-25.0%
Palm Jumeirah101-22.3%
Al Thanyah Third106-18.5%
Marsa Dubai410-7.7%
Nadd Hessa50-5.7%

The largest sales of February 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
25 Feb 2009Al Wasl—BuildingExisting PropertiesNot specified50,000 sqftAED 4,000/sqftAED 200,000,000
9 Feb 2009Burj KhalifaSKY SCRAPERBusiness BayLandExisting PropertiesNot specified108,300 sqftAED 1,200/sqftAED 129,960,000
9 Feb 2009Burj KhalifaPOLARISBusiness BayLandExisting PropertiesNot specified77,501 sqftAED 1,350/sqftAED 104,627,000
19 Feb 2009Burj Khalifa—Business BayLandExisting PropertiesNot specified58,097 sqftAED 1,500/sqftAED 87,145,500
5 Feb 2009Al Nahda Second—BuildingExisting PropertiesNot specified20,704 sqftAED 3,773/sqftAED 78,120,000
19 Feb 2009Muhaisanah Fourth—BuildingExisting PropertiesNot specified20,800 sqftAED 2,981/sqftAED 62,000,000
26 Feb 2009Al Garhoud—BuildingExisting PropertiesNot specified59,568 sqftAED 1,000/sqftAED 59,568,000
5 Feb 2009Al Barsha First—BuildingExisting PropertiesNot specified12,640 sqftAED 4,168/sqftAED 52,680,000
26 Feb 2009Dubai International Airport—BuildingExisting PropertiesNot specified40,112 sqftAED 1,200/sqftAED 48,134,400
26 Feb 2009Dubai International Airport—BuildingExisting PropertiesNot specified39,904 sqftAED 1,100/sqftAED 43,894,400

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.