← All reports

Quarterly report

Dubai property market — Q1 2009

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2009. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales12,145Registered in Q1 2009up237.7% vs a year earlier
Total valueAED 19.63BRegistered in Q1 2009Across 75 communities
Price per sqftAED 650/sqftMedian across Q1 2009up19% vs a year earlier
Sale priceAED 612KMedian across Q1 200927% sold off-plan

In a sentence

The Land Department registered 12,145 property sales in Q1 2009, worth AED 19.63B in total, across 75 communities. That is 238% more than the same quarter a year earlier.

The median sale was AED 612,273 at AED 650/sqft, 19% above the same quarter last year. 27% of sales were off-plan.

Al Warsan First was the busiest community with 4,544 registered sales, while Al Thanyah Fifth took the most money at AED 2.92B.

Against the previous quarter, Palm Jumeirah rose 914% to 811 sales, while Wadi Al Safa 6 fell 55% to 182.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2009, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Warsan First4,544+56.4%AED 1.77BAED 303KAED 515/sqft0%
Al Thanyah Fifth2,099+438.2%AED 2.92BAED 1.00MAED 893/sqft66%
Marsa Dubai1,397+19.2%AED 1.89BAED 1.03MAED 870/sqft22%
Palm Jumeirah811+913.7%AED 2.58BAED 2.20MAED 561/sqft25%
Jabal Ali First578—AED 160.03MAED 83KAED 618/sqft82%
Al Thanyah Third339-39.0%AED 530.10MAED 1.02MAED 887/sqft0%
Al Thanayah Fourth301-43.6%AED 569.12MAED 1.35MAED 294/sqft0%
Burj Khalifa288+18.0%AED 1.29BAED 1.35MAED 1,202/sqft0%
Al Jadaf246+969.6%AED 1.62BAED 3.02MAED 2,138/sqft87%
Wadi Al Safa 2212—AED 118.06MAED 545KAED 680/sqft100%
Al Hebiah Fifth193—AED 137.38MAED 684KAED 862/sqft100%
Wadi Al Safa 6182-55.0%AED 416.36MAED 1.91MAED 446/sqft0%
Al Hebiah Fourth152+850.0%AED 320.45MAED 832KAED 1,102/sqft91%
Jabal Ali129+104.8%AED 1.12BAED 2.21MAED 207/sqft0%
Al Barsha South Fourth127+98.4%AED 293.28MAED 593KAED 664/sqft83%

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
Al Thanyah FifthAED 2.92B2,099
Palm JumeirahAED 2.58B811
Marsa DubaiAED 1.89B1,397
Al Warsan FirstAED 1.77B4,544
Al JadafAED 1.62B246
Burj KhalifaAED 1.29B288
Jabal AliAED 1.12B129
Trade Center SecondAED 1.03B113
Madinat Dubai AlmelaheyahAED 623.02M5
Al Thanayah FourthAED 569.12M301

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Palm Jumeirah811+913.7%
Al Thanyah Fifth2,099+438.2%
Jabal Ali129+104.8%
Al Barsha South Fourth127+98.4%
Al Warsan First4,544+56.4%
Wadi Al Safa 6182-55.0%
Al Thanayah Fourth301-43.6%
Al Thanyah Third339-39.0%
Marsa Dubai1,397+19.2%
Burj Khalifa288+18.0%

The largest sales of Q1 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
7 Jan 2009Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified250,560 sqftAED 2,000/sqftAED 501,120,000
5 Jan 2009Madinat Dubai Almelaheyah—Dubai Maritime CityLandExisting PropertiesNot specified122,310 sqftAED 3,036/sqftAED 371,322,603
5 Jan 2009Madinat Dubai AlmelaheyahFranck Muller YachtingDubai Maritime CityLandExisting PropertiesNot specified81,705 sqftAED 2,563/sqftAED 209,406,487
5 Jan 2009Al Khairan Second—The LagoonsLandExisting PropertiesNot specified39,997 sqftAED 5,065/sqftAED 202,570,000
25 Feb 2009Al Wasl—BuildingExisting PropertiesNot specified50,000 sqftAED 4,000/sqftAED 200,000,000
3 Mar 2009Palm JumeirahBALQIS RESIDENCEPalm JumeirahVillaExisting PropertiesNot specified1,527,136 sqftAED 100/sqftAED 152,758,844
9 Feb 2009Burj KhalifaSKY SCRAPERBusiness BayLandExisting PropertiesNot specified108,300 sqftAED 1,200/sqftAED 129,960,000
7 Jan 2009Palm JumeirahGOLDEN MILEPalm JumeirahBuildingExisting PropertiesNot specified386,946 sqftAED 303/sqftAED 117,380,667
9 Feb 2009Burj KhalifaPOLARISBusiness BayLandExisting PropertiesNot specified77,501 sqftAED 1,350/sqftAED 104,627,000

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.