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Monthly report

Dubai property market — March 2009

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

Sales4,007Registered in March 2009up168.4% vs a year earlier
Total valueAED 6.63BRegistered in March 2009Across 49 communities
Price per sqftAED 717/sqftMedian across March 2009up53.4% vs a year earlier
Sale priceAED 825KMedian across March 200933% sold off-plan

In a sentence

The Land Department registered 4,007 property sales in March 2009, worth AED 6.63B in total, across 49 communities. That is 168% more than the same month a year earlier.

The median sale was AED 825,000 at AED 717/sqft, 53.4% above the same month last year. 33% of sales were off-plan.

Al Warsan First was the busiest community with 1,120 registered sales, while Palm Jumeirah took the most money at AED 1.38B.

Against the previous month, Palm Jumeirah rose 474% to 580 sales, while Al Thanyah Fifth fell 49% to 579.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First1,120-16.9%AED 386.95MAED 299KAED 496/sqft0%
Palm Jumeirah580+474.3%AED 1.38BAED 1.27MAED 595/sqft32%
Al Thanyah Fifth579-48.9%AED 760.11MAED 982KAED 900/sqft73%
Marsa Dubai543+32.4%AED 774.69MAED 1.12MAED 894/sqft27%
Al Hebiah Fifth193—AED 137.38MAED 684KAED 862/sqft100%
Al Jadaf184+253.8%AED 508.04MAED 2.36MAED 2,111/sqft99%
Al Thanayah Fourth119+52.6%AED 203.94MAED 1.20MAED 268/sqft0%
Al Thanyah Third103-2.8%AED 175.65MAED 1.03MAED 899/sqft0%
Burj Khalifa99+25.3%AED 135.95MAED 1.13MAED 994/sqft0%
Jabal Ali First74+640.0%AED 34.82MAED 407KAED 701/sqft32%
Al Hebiah Fourth61+1425.0%AED 153.99MAED 1.03MAED 1,001/sqft85%
Wadi Al Safa 658-17.1%AED 109.87MAED 1.79MAED 403/sqft0%
Wadi Al Safa 257-45.7%AED 28.84MAED 426KAED 680/sqft100%
Al Thanyah First44+33.3%AED 106.70MAED 2.41MAED 1,468/sqft11%
Jabal Ali36+300.0%AED 292.27MAED 2.19MAED 225/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
Palm JumeirahAED 1.38B580
Marsa DubaiAED 774.69M543
Al Thanyah FifthAED 760.11M579
Trade Center SecondAED 636.64M10
Al JadafAED 508.04M184
Al Warsan FirstAED 386.95M1,120
Jabal AliAED 292.27M36
Al Thanayah FourthAED 203.94M119
Al Thanyah ThirdAED 175.65M103
Al Hebiah FourthAED 153.99M61

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
Palm Jumeirah580+474.3%
Al Jadaf184+253.8%
Al Thanayah Fourth119+52.6%
Al Thanyah Fifth579-48.9%
Wadi Al Safa 257-45.7%
Marsa Dubai543+32.4%
Burj Khalifa99+25.3%
Wadi Al Safa 658-17.1%
Al Warsan First1,120-16.9%
Al Thanyah Third103-2.8%

The largest sales of March 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
3 Mar 2009Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 60,000/sqftAED 600,000,000
3 Mar 2009Palm JumeirahBALQIS RESIDENCEPalm JumeirahVillaExisting PropertiesNot specified1,527,136 sqftAED 100/sqftAED 152,758,844
10 Mar 2009Mankhool—BuildingExisting PropertiesNot specified23,376 sqftAED 3,208/sqftAED 75,000,000
16 Mar 2009Nad Al Shiba—Silicon OasisLandExisting PropertiesNot specified36,551 sqftAED 1,072/sqftAED 39,183,004
16 Mar 2009Nad Al Shiba—Silicon OasisLandExisting PropertiesNot specified32,769 sqftAED 1,072/sqftAED 35,128,024
23 Mar 2009Jabal Ali—LandExisting PropertiesNot specified13,619 sqftAED 2,577/sqftAED 35,100,973
23 Mar 2009Jabal Ali—LandExisting PropertiesNot specified13,619 sqftAED 2,577/sqftAED 35,100,973
2 Mar 2009Jabal Ali—LandExisting PropertiesNot specified13,619 sqftAED 2,577/sqftAED 35,100,973
16 Mar 2009Jabal Ali—LandExisting PropertiesNot specified13,427 sqftAED 2,541/sqftAED 34,120,100
2 Mar 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.