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Monthly report

Dubai property market — August 2009

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

Sales6,480Registered in August 2009up170.5% vs a year earlier
Total valueAED 10.39BRegistered in August 2009Across 61 communities
Price per sqftAED 889/sqftMedian across August 2009up47.6% vs a year earlier
Sale priceAED 1.07MMedian across August 200963% sold off-plan

In a sentence

The Land Department registered 6,480 property sales in August 2009, worth AED 10.39B in total, across 61 communities. That is 170% more than the same month a year earlier.

The median sale was AED 1,067,743 at AED 889/sqft, 47.6% above the same month last year. 63% of sales were off-plan.

Marsa Dubai was the busiest community with 940 registered sales, and also took the most money at AED 1.85B.

Against the previous month, Me'Aisem First rose 258% to 390 sales, while Al Hebiah Fourth fell 77% to 258.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai940-8.8%AED 1.85BAED 1.49MAED 1,330/sqft74%
Business Bay727+80.8%AED 1.23BAED 1.60MAED 1,311/sqft100%
Nadd Hessa635+14.4%AED 423.49MAED 579KAED 799/sqft91%
Al Hebiah First540+246.2%AED 883.58MAED 1.40MAED 860/sqft0%
Al Thanyah Fifth425-56.2%AED 429.78MAED 895KAED 720/sqft29%
Me'Aisem First390+257.8%AED 256.86MAED 466KAED 924/sqft94%
Palm Jumeirah366+185.9%AED 1.34BAED 3.41MAED 1,757/sqft88%
Al Warsan First343-15.5%AED 139.45MAED 335KAED 516/sqft3%
Al Barsha South Fourth305-7.3%AED 309.76MAED 697KAED 730/sqft99%
Al Hebiah Fourth258-76.5%AED 241.02MAED 648KAED 943/sqft86%
Jabal Ali First247-19.0%AED 137.45MAED 584KAED 681/sqft0%
Al Barsha South Fifth243+2109.1%AED 299.60MAED 1.09MAED 1,021/sqft89%
Wadi Al Safa 5235-34.2%AED 125.81MAED 516KAED 679/sqft100%
Burj Khalifa180+9.1%AED 637.66MAED 1.86MAED 1,764/sqft24%
Al Thanyah Third110+22.2%AED 169.52MAED 1.06MAED 941/sqft20%

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 1.85B940
Palm JumeirahAED 1.34B366
Business BayAED 1.23B727
Al Hebiah FirstAED 883.58M540
Burj KhalifaAED 637.66M180
Trade Center SecondAED 470.87M16
Al Thanyah FifthAED 429.78M425
Nadd HessaAED 423.49M635
Al Barsha South FourthAED 309.76M305
Al Barsha South FifthAED 299.60M243

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
Me'Aisem First390+257.8%
Al Hebiah First540+246.2%
Palm Jumeirah366+185.9%
Business Bay727+80.8%
Al Hebiah Fourth258-76.5%
Al Thanyah First86+72.0%
Al Thanyah Fifth425-56.2%
Al Barshaa South Third50-35.9%
Wadi Al Safa 5235-34.2%
Al Thanyah Third110+22.2%

The largest sales of August 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
17 Aug 2009Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 41,000/sqftAED 410,000,000
6 Aug 2009Bukadra—LandExisting PropertiesNot specified29,846 sqftAED 2,961/sqftAED 88,378,920
11 Aug 2009Burj KhalifaSYMPHONY TOWERSBusiness BayLandExisting PropertiesNot specified69,401 sqftAED 1,260/sqftAED 87,455,595
12 Aug 2009Burj KhalifaBD BOULEVARD PLAZADownTown DubaiOfficeOff-Plan PropertiesOffice12,559 sqftAED 5,333/sqftAED 66,972,888
27 Aug 2009Palm JumeirahTHE 8Palm JumeirahBuildingExisting PropertiesNot specified506,180 sqftAED 100/sqftAED 50,770,000
20 Aug 2009Al Barsha South FourthFORTUNATOJumeirah Village CircleBuildingExisting PropertiesNot specified182,824 sqftAED 241/sqftAED 44,096,300
11 Aug 2009Burj Khalifa—Business BayLandExisting PropertiesNot specified43,904 sqftAED 991/sqftAED 43,511,000
4 Aug 2009Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified31,085 sqftAED 1,287/sqftAED 40,000,000
4 Aug 2009Nad Al Shiba—MajanLandExisting PropertiesNot specified64,954 sqftAED 595/sqftAED 38,647,890
10 Aug 2009Jabal Ali—LandExisting PropertiesNot specified13,427 sqftAED 2,607/sqftAED 35,000,000

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.