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Monthly report

Dubai property market — October 2009

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

Sales3,957Registered in October 2009up104% vs a year earlier
Total valueAED 6.34BRegistered in October 2009Across 62 communities
Price per sqftAED 715/sqftMedian across October 2009up15.8% vs a year earlier
Sale priceAED 831KMedian across October 200943% sold off-plan

In a sentence

The Land Department registered 3,957 property sales in October 2009, worth AED 6.34B in total, across 62 communities. That is 104% more than the same month a year earlier.

The median sale was AED 830,888 at AED 715/sqft, 15.8% above the same month last year. 43% of sales were off-plan.

Wadi Al Safa 5 was the busiest community with 871 registered sales, while Marsa Dubai took the most money at AED 920.06M.

Against the previous month, Al Hebiah Fourth rose 235% to 295 sales, while Me'Aisem First fell 58% to 99.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Wadi Al Safa 5871+24.8%AED 519.95MAED 598KAED 679/sqft100%
Marsa Dubai495+68.9%AED 920.06MAED 1.20MAED 979/sqft43%
Al Thanyah Fifth387+68.3%AED 470.76MAED 1.01MAED 744/sqft19%
Al Warsan First336+15.1%AED 163.99MAED 329KAED 516/sqft2%
Al Hebiah Fourth295+235.2%AED 396.68MAED 810KAED 927/sqft71%
Jabal Ali First280-21.6%AED 161.77MAED 580KAED 749/sqft0%
Al Hebiah First192+20.0%AED 339.98MAED 1.41MAED 797/sqft0%
Burj Khalifa157-2.5%AED 458.17MAED 1.74MAED 1,410/sqft14%
Al Thanyah Third140-25.1%AED 179.26MAED 1.02MAED 933/sqft4%
Business Bay125+177.8%AED 413.48MAED 3.10MAED 1,350/sqft100%
Al Barsha South Fourth105+238.7%AED 101.10MAED 515KAED 716/sqft61%
Me'Aisem First99-57.5%AED 59.32MAED 486KAED 829/sqft20%
Palm Jumeirah91+26.4%AED 639.93MAED 3.24MAED 1,131/sqft49%
Al Thanayah Fourth90+20.0%AED 251.57MAED 1.63MAED 366/sqft0%
Nadd Hessa54+31.7%AED 41.83MAED 736KAED 781/sqft43%

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 920.06M495
Palm JumeirahAED 639.93M91
Wadi Al Safa 5AED 519.95M871
Al Thanyah FifthAED 470.76M387
Burj KhalifaAED 458.17M157
Business BayAED 413.48M125
Al Hebiah FourthAED 396.68M295
Al Hebiah FirstAED 339.98M192
Al Thanayah FourthAED 251.57M90
Al Thanyah ThirdAED 179.26M140

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 Hebiah Fourth295+235.2%
Marsa Dubai495+68.9%
Al Thanyah Fifth387+68.3%
Me'Aisem First99-57.5%
Palm Jumeirah91+26.4%
Al Thanyah Third140-25.1%
Wadi Al Safa 5871+24.8%
Jabal Ali First280-21.6%
Al Hebiah First192+20.0%
Al Thanayah Fourth90+20.0%

The largest sales of October 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
22 Oct 2009Palm JumeirahCLUB VILLASPalm JumeirahVillaExisting PropertiesNot specified507,402 sqftAED 438/sqftAED 222,327,914
26 Oct 2009Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified461,830 sqftAED 322/sqftAED 148,500,000
5 Oct 2009Burj Khalifa—Business BayLandExisting PropertiesNot specified61,405 sqftAED 1,348/sqftAED 82,797,000
19 Oct 2009Jabal Ali—LandExisting PropertiesNot specified15,161 sqftAED 3,298/sqftAED 50,000,000
8 Oct 2009Al Murqabat—BuildingExisting PropertiesNot specified11,638 sqftAED 3,867/sqftAED 45,000,000
29 Oct 2009Marsa DubaiPRINCESS TOWERDubai MarinaBuildingExisting PropertiesNot specified20,014 sqftAED 2,138/sqftAED 42,800,000
13 Oct 2009Al Barsha South FifthFashionz 1 By DanubeJumeirah Village TriangleBuildingExisting PropertiesNot specified66,028 sqftAED 632/sqftAED 41,718,200
20 Oct 2009Al Jadaf—Sama Al JadafBuildingExisting PropertiesNot specified21,500 sqftAED 1,716/sqftAED 36,898,575
5 Oct 2009Burj Khalifa—Business BayLandExisting PropertiesNot specified34,311 sqftAED 940/sqftAED 32,253,000
26 Oct 2009Al Warsan First—International City Phase 1BuildingExisting PropertiesNot specified13,479 sqftAED 2,384/sqftAED 32,137,000

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.