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Quarterly report

Dubai property market — Q3 2009

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2009. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales16,356Registered in Q3 2009up136.4% vs a year earlier
Total valueAED 24.62BRegistered in Q3 2009Across 85 communities
Price per sqftAED 867/sqftMedian across Q3 2009up48.9% vs a year earlier
Sale priceAED 868KMedian across Q3 200960% sold off-plan

In a sentence

The Land Department registered 16,356 property sales in Q3 2009, worth AED 24.62B in total, across 85 communities. That is 136% more than the same quarter a year earlier.

The median sale was AED 867,814 at AED 867/sqft, 48.9% above the same quarter last year. 60% of sales were off-plan.

Marsa Dubai was the busiest community with 2,264 registered sales, and also took the most money at AED 4.35B.

Against the previous quarter, Nadd Hessa rose 637% to 1,231 sales, while Al Hebiah Fifth fell 91% to 113.

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 Q3 2009, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai2,264-37.3%AED 4.35BAED 1.45MAED 1,140/sqft68%
Al Thanyah Fifth1,626-31.5%AED 1.65BAED 799KAED 834/sqft48%
Al Hebiah Fourth1,445+135.3%AED 1.36BAED 653KAED 902/sqft94%
Wadi Al Safa 51,290+2704.3%AED 771.21MAED 581KAED 692/sqft100%
Nadd Hessa1,231+637.1%AED 909.92MAED 606KAED 814/sqft90%
Business Bay1,174-55.5%AED 1.75BAED 1.36MAED 1,279/sqft100%
Al Warsan First1,041-52.7%AED 433.51MAED 335KAED 539/sqft10%
Jabal Ali First909-47.6%AED 583.24MAED 700KAED 750/sqft0%
Al Hebiah First856+118.9%AED 1.38BAED 1.27MAED 847/sqft1%
Me'Aisem First732-29.0%AED 535.16MAED 617KAED 909/sqft87%
Al Barsha South Fourth665-72.1%AED 678.30MAED 715KAED 732/sqft98%
Palm Jumeirah566-74.7%AED 1.91BAED 3.20MAED 1,495/sqft69%
Burj Khalifa506+32.5%AED 1.42BAED 1.74MAED 1,473/sqft14%
Al Thanyah Third387-16.6%AED 665.49MAED 1.02MAED 938/sqft7%
Al Thanayah Fourth281-5.4%AED 698.28MAED 1.50MAED 392/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 4.35B2,264
Palm JumeirahAED 1.91B566
Business BayAED 1.75B1,174
Al Thanyah FifthAED 1.65B1,626
Burj KhalifaAED 1.42B506
Al Hebiah FirstAED 1.38B856
Al Hebiah FourthAED 1.36B1,445
Wadi Al Safa 3AED 1.35B70
Nadd HessaAED 909.92M1,231
Wadi Al Safa 5AED 771.21M1,290

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
Nadd Hessa1,231+637.1%
Al Barsha South Fifth276+294.3%
Al Hebiah Fourth1,445+135.3%
Al Hebiah First856+118.9%
Al Hebiah Fifth113-90.8%
Wadi Al Safa 283-90.7%
Palm Jumeirah566-74.7%
Al Barsha South Fourth665-72.1%
Al Thanyah First144-70.9%
Al Barshaa South Third132-58.2%

The largest sales of Q3 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
27 Jul 2009Wadi Al Safa 3—Living LegendsLandExisting PropertiesNot specified14,466,007 sqftAED 47/sqftAED 681,463,020
17 Aug 2009Trade Center Second—BuildingExisting PropertiesNot specified10,000 sqftAED 41,000/sqftAED 410,000,000
6 Jul 2009Al Thanyah ThirdTHE ONYXThe GreensHotelOff-Plan PropertiesNot specified224,000 sqftAED 625/sqftAED 140,000,000
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
7 Sept 2009Nad Al Shiba—Falcon CityLandExisting PropertiesNot specified542,990 sqftAED 137/sqftAED 74,566,133
27 Jul 2009Al Hebiah FourthGolf Vista HeightsDubai Sports CityBuildingExisting PropertiesNot specified55,601 sqftAED 1,269/sqftAED 70,584,007
10 Sept 2009Nad Al ShibaWESTERN QUARTERSFalcon CityLandExisting PropertiesNot specified600,724 sqftAED 116/sqftAED 69,744,652
12 Aug 2009Burj KhalifaBD BOULEVARD PLAZADownTown DubaiOfficeOff-Plan PropertiesOffice12,559 sqftAED 5,333/sqftAED 66,972,888
10 Sept 2009Nad Al Shiba—Falcon CityLandExisting PropertiesNot specified530,042 sqftAED 116/sqftAED 61,699,150

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.