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Annual report

Dubai property market — 2010

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2010. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales34,124Registered in 2010down45.8% vs the year before
Total valueAED 63.21BRegistered in 2010Across 128 communities
Price per sqftAED 864/sqftMedian across 2010up2.9% vs the year before
Sale priceAED 1.06MMedian across 201032% sold off-plan

In a sentence

The Land Department registered 34,124 property sales in 2010, worth AED 63.21B in total, across 128 communities. That is 46% fewer than the year before.

The median sale was AED 1,059,355 at AED 864/sqft, 2.9% above the year before. 32% of sales were off-plan.

Marsa Dubai was the busiest community with 6,093 registered sales, and also took the most money at AED 12.07B.

Against the previous year, Wadi Al Safa 3 rose 357% to 352 sales, while Wadi Al Safa 5 fell 95% to 111.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2010, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai6,093-32.1%AED 12.07BAED 1.22MAED 1,020/sqft38%
Al Thanyah Fifth4,864-32.8%AED 5.08BAED 811KAED 763/sqft25%
Al Warsan First4,042-53.6%AED 1.59BAED 350KAED 551/sqft33%
Burj Khalifa3,752+124.0%AED 10.01BAED 1.87MAED 1,719/sqft33%
Business Bay2,516-42.5%AED 4.27BAED 1.29MAED 1,155/sqft67%
Al Thanyah Third1,829+12.3%AED 2.73BAED 1.16MAED 961/sqft28%
Al Hebiah Fourth1,629-39.1%AED 2.38BAED 843KAED 803/sqft31%
Palm Jumeirah1,202-69.7%AED 4.27BAED 2.45MAED 1,193/sqft18%
Nadd Hessa1,178-32.3%AED 1.60BAED 601KAED 777/sqft16%
Al Thanayah Fourth1,065-10.9%AED 2.58BAED 1.45MAED 367/sqft0%
Jabal Ali First924-77.0%AED 588.81MAED 510KAED 690/sqft1%
Wadi Al Safa 6724+0.4%AED 1.89BAED 2.52MAED 459/sqft0%
Al Barsha South Fourth647-80.8%AED 679.37MAED 660KAED 660/sqft69%
Me'Aisem First495-77.2%AED 368.43MAED 524KAED 964/sqft60%
Al Hebiah First451-74.9%AED 845.56MAED 1.45MAED 737/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 12.07B6,093
Burj KhalifaAED 10.01B3,752
Al Thanyah FifthAED 5.08B4,864
Business BayAED 4.27B2,516
Palm JumeirahAED 4.27B1,202
Al Thanyah ThirdAED 2.73B1,829
Al Thanayah FourthAED 2.58B1,065
Al Hebiah FourthAED 2.38B1,629
Wadi Al Safa 6AED 1.89B724
Al JadafAED 1.86B68

Biggest movers

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

CommunitySalesChange
Wadi Al Safa 3352+357.1%
Burj Khalifa3,752+124.0%
Wadi Al Safa 5111-95.0%
Al Hebiah Fifth97-93.7%
Wadi Al Safa 279-93.5%
Al Barshaa South Third60-87.3%
Al Jadaf68-82.2%
Al Barsha South Fourth647-80.8%
Me'Aisem First495-77.2%
Jabal Ali First924-77.0%

The largest sales of 2010

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 Apr 2010Marsa DubaiELITE RESIDENCEDubai MarinaFlatOff-Plan Properties4 B/R3,211 sqftAED 205,464/sqftAED 659,741,940
15 Feb 2010Nadd HessaPALACE TOWERSilicon OasisOfficeOff-Plan PropertiesOffice5,201 sqftAED 88,468/sqftAED 460,129,845
5 Apr 2010Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,401 sqftAED 9,893/sqftAED 370,000,000
21 Apr 2010Marsa DubaiPRINCESS TOWERDubai MarinaFlatOff-Plan Properties3 B/R2,037 sqftAED 156,044/sqftAED 317,888,200
24 Jun 2010Burj Khalifa—Business BayLandExisting PropertiesNot specified58,097 sqftAED 4,500/sqftAED 261,436,500
27 May 2010Marsa DubaiESCAN MARINA TOWERDubai MarinaVillaExisting PropertiesNot specified35,445 sqftAED 6,574/sqftAED 233,000,000
9 Aug 2010Marsa DubaiBAY CENTRAL WEST & CENTRAL TOWERSDubai MarinaBuildingExisting PropertiesNot specified86,854 sqftAED 2,272/sqftAED 197,333,500
13 Apr 2010Palm JumeirahTIARA RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified172,966 sqftAED 1,100/sqftAED 190,262,600
13 Apr 2010Palm JumeirahTIARA RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified170,518 sqftAED 1,100/sqftAED 187,564,300
10 Jun 2010Business BayCRYSTAL TOWERBusiness BayHotelExisting PropertiesNot specified412,157 sqftAED 449/sqftAED 185,000,000

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.