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Monthly report

Dubai property market — December 2009

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

Sales3,026Registered in December 2009up52.8% vs a year earlier
Total valueAED 5.15BRegistered in December 2009Across 59 communities
Price per sqftAED 898/sqftMedian across December 2009up45.5% vs a year earlier
Sale priceAED 1.21MMedian across December 200938% sold off-plan

In a sentence

The Land Department registered 3,026 property sales in December 2009, worth AED 5.15B in total, across 59 communities. That is 53% more than the same month a year earlier.

The median sale was AED 1,206,370 at AED 898/sqft, 45.5% above the same month last year. 38% of sales were off-plan.

Marsa Dubai was the busiest community with 817 registered sales, and also took the most money at AED 1.32B.

Against the previous month, Marsa Dubai rose 108% to 817 sales, while Jabal Ali First fell 74% to 106.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai817+107.9%AED 1.32BAED 1.29MAED 1,017/sqft66%
Al Thanyah Fifth318-27.1%AED 307.45MAED 740KAED 750/sqft14%
Al Warsan First196-49.7%AED 83.77MAED 389KAED 574/sqft4%
Burj Khalifa186+19.2%AED 406.75MAED 1.79MAED 1,390/sqft16%
Business Bay186-9.3%AED 384.99MAED 2.02MAED 1,345/sqft42%
Palm Jumeirah172+91.1%AED 406.91MAED 1.54MAED 795/sqft12%
Me'Aisem First171+35.7%AED 141.40MAED 635KAED 1,041/sqft85%
Al Thanyah Third144-7.1%AED 244.67MAED 1.13MAED 867/sqft3%
Nadd Hessa135+365.5%AED 94.84MAED 644KAED 850/sqft81%
Al Hebiah First123-47.0%AED 279.85MAED 1.63MAED 788/sqft8%
Jabal Ali First106-74.1%AED 52.13MAED 450KAED 692/sqft0%
Al Thanayah Fourth70-55.1%AED 145.70MAED 1.75MAED 550/sqft0%
Al Barsha South Fourth66+288.2%AED 145.87MAED 1.20MAED 1,085/sqft94%
Al Thanyah First61+221.1%AED 126.21MAED 1.74MAED 1,242/sqft69%
Wadi Al Safa 661-9.0%AED 149.88MAED 2.14MAED 387/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
Marsa DubaiAED 1.32B817
Palm JumeirahAED 406.91M172
Burj KhalifaAED 406.75M186
Business BayAED 384.99M186
Al Thanyah FifthAED 307.45M318
Al Hebiah FirstAED 279.85M123
Al Thanyah ThirdAED 244.67M144
Wadi Al Safa 6AED 149.88M61
Al Barsha South FourthAED 145.87M66
Al Thanayah FourthAED 145.70M70

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
Marsa Dubai817+107.9%
Palm Jumeirah172+91.1%
Jabal Ali First106-74.1%
Al Hebiah Fourth50-58.3%
Al Thanayah Fourth70-55.1%
Al Warsan First196-49.7%
Al Hebiah First123-47.0%
Me'Aisem First171+35.7%
Al Thanyah Fifth318-27.1%
Burj Khalifa186+19.2%

The largest sales of December 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
9 Dec 2009Al Barsha South Fourth—Jumeirah Village CircleLandExisting PropertiesNot specified60,021 sqftAED 867/sqftAED 52,032,300
21 Dec 2009Dubai Investment Park SecondDUNES VILLAGEDubai Investment Park SecondBuildingExisting PropertiesNot specified462,914 sqftAED 112/sqftAED 51,846,480
14 Dec 2009Al Nahda Second—BuildingExisting PropertiesNot specified19,946 sqftAED 2,344/sqftAED 46,750,000
30 Dec 2009Nad Al Shiba—International Media Production ZoneLandExisting PropertiesNot specified56,786 sqftAED 600/sqftAED 34,071,600
21 Dec 2009Naif—BuildingExisting PropertiesNot specified3,060 sqftAED 10,131/sqftAED 31,000,000
21 Dec 2009Jabal Ali—LandExisting PropertiesNot specified15,161 sqftAED 1,971/sqftAED 29,882,694
23 Dec 2009Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified13,000 sqftAED 1,923/sqftAED 25,000,000
29 Dec 2009Al Jadaf—Jaddaf WaterfrontBuildingExisting PropertiesNot specified15,689 sqftAED 1,424/sqftAED 22,341,000
14 Dec 2009Al Barsha South FifthThe CommunityJumeirah Village TriangleBuildingExisting PropertiesNot specified22,362 sqftAED 902/sqftAED 20,178,900
30 Dec 2009Al Ras—BuildingExisting PropertiesNot specified8,001 sqftAED 2,500/sqftAED 20,000,000

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.