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Monthly report

Dubai property market — May 2009

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

Sales6,841Registered in May 2009up259.7% vs a year earlier
Total valueAED 10.66BRegistered in May 2009Across 54 communities
Price per sqftAED 845/sqftMedian across May 2009up43.6% vs a year earlier
Sale priceAED 900KMedian across May 200967% sold off-plan

In a sentence

The Land Department registered 6,841 property sales in May 2009, worth AED 10.66B in total, across 54 communities. That is 260% more than the same month a year earlier.

The median sale was AED 900,000 at AED 845/sqft, 43.6% above the same month last year. 67% of sales were off-plan.

Palm Jumeirah was the busiest community with 1,142 registered sales, and also took the most money at AED 2.94B.

Against the previous month, Al Barsha South Fourth rose 222% to 875 sales, while Al Hebiah Fifth fell 80% to 153.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Palm Jumeirah1,142+29.6%AED 2.94BAED 2.02MAED 1,093/sqft84%
Al Barsha South Fourth875+221.7%AED 694.40MAED 659KAED 770/sqft100%
Marsa Dubai846-57.4%AED 1.59BAED 1.42MAED 1,124/sqft69%
Al Warsan First684-15.2%AED 285.43MAED 351KAED 551/sqft11%
Wadi Al Safa 2602+113.5%AED 380.09MAED 586KAED 682/sqft100%
Al Thanyah Fifth445-61.6%AED 632.04MAED 1.22MAED 941/sqft54%
Me'Aisem First430+31.5%AED 199.05MAED 376KAED 982/sqft100%
Jabal Ali First398+16.0%AED 213.61MAED 507KAED 719/sqft1%
Business Bay316-53.8%AED 445.72MAED 1.37MAED 1,300/sqft100%
Al Hebiah Fourth263+541.5%AED 186.54MAED 559KAED 777/sqft92%
Al Hebiah Fifth153-80.3%AED 123.22MAED 777KAED 864/sqft100%
Burj Khalifa113+54.8%AED 289.02MAED 1.50MAED 1,494/sqft0%
Al Thanyah Third104+25.3%AED 235.26MAED 1.96MAED 769/sqft0%
Al Thanayah Fourth101+60.3%AED 305.27MAED 1.60MAED 424/sqft0%
Al Barsha South Fifth61—AED 30.75MAED 409KAED 822/sqft100%

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 2.94B1,142
Marsa DubaiAED 1.59B846
Al Barsha South FourthAED 694.40M875
Al Thanyah FifthAED 632.04M445
Jabal AliAED 605.79M32
Business BayAED 445.72M316
Wadi Al Safa 2AED 380.09M602
Al Thanayah FourthAED 305.27M101
Burj KhalifaAED 289.02M113
Al Warsan FirstAED 285.43M684

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 Barsha South Fourth875+221.7%
Wadi Al Safa 2602+113.5%
Al Hebiah Fifth153-80.3%
Al Thanyah Fifth445-61.6%
Al Thanayah Fourth101+60.3%
Marsa Dubai846-57.4%
Burj Khalifa113+54.8%
Business Bay316-53.8%
Me'Aisem First430+31.5%
Palm Jumeirah1,142+29.6%

The largest sales of May 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
19 May 2009Trade Center Second—LandExisting PropertiesNot specified14,731 sqftAED 15,000/sqftAED 220,965,000
25 May 2009Marsa DubaiMADA'INDubai MarinaBuildingExisting PropertiesNot specified194,715 sqftAED 976/sqftAED 190,092,200
14 May 2009Bukadra—LandExisting PropertiesNot specified42,065 sqftAED 2,251/sqftAED 94,675,500
13 May 2009Bukadra—LandExisting PropertiesNot specified47,301 sqftAED 2,000/sqftAED 94,602,000
26 May 2009Al JadafRIAH TOWERSJaddaf WaterfrontBuildingExisting PropertiesNot specified31,327 sqftAED 2,513/sqftAED 78,720,000
13 May 2009Bukadra—LandExisting PropertiesNot specified36,701 sqftAED 2,000/sqftAED 73,400,000
14 May 2009Burj Khalifa—Business BayLandExisting PropertiesNot specified60,830 sqftAED 1,200/sqftAED 72,996,000
5 May 2009Jabal Ali—LandExisting PropertiesNot specified13,427 sqftAED 4,841/sqftAED 65,000,000
4 May 2009Palm JumeirahEMERALD PALACE KEMPINSKI HOTELPalm JumeirahBuildingExisting PropertiesNot specified508,427 sqftAED 100/sqftAED 50,837,166
11 May 2009Jabal Ali—LandExisting PropertiesNot specified13,619 sqftAED 2,577/sqftAED 35,100,973

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.