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Quarterly report

Dubai property market — Q2 2009

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2009. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales24,328Registered in Q2 2009up297.8% vs a year earlier
Total valueAED 36.41BRegistered in Q2 2009Across 89 communities
Price per sqftAED 901/sqftMedian across Q2 2009up58% vs a year earlier
Sale priceAED 940KMedian across Q2 200964% sold off-plan

In a sentence

The Land Department registered 24,328 property sales in Q2 2009, worth AED 36.41B in total, across 89 communities. That is 298% more than the same quarter a year earlier.

The median sale was AED 940,000 at AED 901/sqft, 58% above the same quarter last year. 64% of sales were off-plan.

Marsa Dubai was the busiest community with 3,611 registered sales, and also took the most money at AED 5.61B.

Against the previous quarter, Al Barsha South Fourth rose 1,776% to 2,383 sales, while Al Warsan First fell 52% to 2,199.

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 Q2 2009, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai3,611+158.5%AED 5.61BAED 1.29MAED 1,097/sqft71%
Business Bay2,638+5512.8%AED 4.71BAED 1.36MAED 1,395/sqft100%
Al Barsha South Fourth2,383+1776.4%AED 2.14BAED 697KAED 821/sqft100%
Al Thanyah Fifth2,373+13.1%AED 3.03BAED 1.13MAED 887/sqft77%
Palm Jumeirah2,241+176.3%AED 5.38BAED 1.74MAED 834/sqft46%
Al Warsan First2,199-51.6%AED 901.20MAED 350KAED 553/sqft10%
Jabal Ali First1,734+200.0%AED 990.81MAED 529KAED 730/sqft2%
Al Hebiah Fifth1,224+534.2%AED 1.16BAED 906KAED 882/sqft100%
Me'Aisem First1,031+7830.8%AED 614.92MAED 416KAED 1,011/sqft100%
Wadi Al Safa 2891+320.3%AED 568.13MAED 584KAED 685/sqft100%
Al Hebiah Fourth614+303.9%AED 551.51MAED 683KAED 788/sqft92%
Al Thanyah First494+495.2%AED 946.01MAED 1.55MAED 1,188/sqft81%
Al Thanyah Third464+36.9%AED 836.10MAED 1.21MAED 893/sqft4%
Al Hebiah First391—AED 664.21MAED 977KAED 806/sqft0%
Burj Khalifa382+32.6%AED 1.61BAED 1.57MAED 1,389/sqft1%

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 5.61B3,611
Palm JumeirahAED 5.38B2,241
Business BayAED 4.71B2,638
Al Thanyah FifthAED 3.03B2,373
Al Barsha South FourthAED 2.14B2,383
Jabal AliAED 1.76B98
Burj KhalifaAED 1.61B382
Al Hebiah FifthAED 1.16B1,224
Jabal Ali FirstAED 990.81M1,734
Al Thanyah FirstAED 946.01M494

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
Al Barsha South Fourth2,383+1776.4%
Al Hebiah Fifth1,224+534.2%
Al Thanyah First494+495.2%
Wadi Al Safa 2891+320.3%
Al Hebiah Fourth614+303.9%
Jabal Ali First1,734+200.0%
Palm Jumeirah2,241+176.3%
Marsa Dubai3,611+158.5%
Al Warsan First2,199-51.6%
Al Jadaf133-45.9%

The largest sales of Q2 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
16 Jun 2009Al Ruwayyah—Residential ComplexLandExisting PropertiesNot specified430,337 sqftAED 482/sqftAED 207,207,990
13 Apr 2009Burj KhalifaTHE OPUS BY OMNIYATBusiness BayLandExisting PropertiesNot specified151,303 sqftAED 1,350/sqftAED 204,260,000
25 May 2009Marsa DubaiMADA'INDubai MarinaBuildingExisting PropertiesNot specified194,715 sqftAED 976/sqftAED 190,092,200
16 Apr 2009Burj KhalifaBRISTOLBusiness BayLandExisting PropertiesNot specified117,111 sqftAED 1,500/sqftAED 175,667,000
18 Jun 2009Burj KhalifaVICTORY BAY TOWERBusiness BayLandExisting PropertiesNot specified64,586 sqftAED 1,920/sqftAED 124,005,120
28 Apr 2009Burj KhalifaCITADEL TOWERBusiness BayLandExisting PropertiesNot specified70,580 sqftAED 1,615/sqftAED 114,000,000
1 Jun 2009Business BayTHE OPUS BY OMNIYATBusiness BayShopOff-Plan PropertiesShop58,663 sqftAED 1,662/sqftAED 97,512,661
1 Jun 2009Business BayTHE OPUS BY OMNIYATBusiness BayShopOff-Plan PropertiesShop57,587 sqftAED 1,662/sqftAED 95,721,682
14 May 2009Bukadra—LandExisting PropertiesNot specified42,065 sqftAED 2,251/sqftAED 94,675,500

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.