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Monthly report

Dubai property market — January 2010

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

Sales1,732Registered in January 2010down60.2% vs a year earlier
Total valueAED 4.03BRegistered in January 2010Across 56 communities
Price per sqftAED 925/sqftMedian across January 2010up60.2% vs a year earlier
Sale priceAED 1.25MMedian across January 201045% sold off-plan

In a sentence

The Land Department registered 1,732 property sales in January 2010, worth AED 4.03B in total, across 56 communities. That is 60% fewer than the same month a year earlier.

The median sale was AED 1,250,000 at AED 925/sqft, 60.2% above the same month last year. 45% of sales were off-plan.

Marsa Dubai was the busiest community with 481 registered sales, and also took the most money at AED 970.59M.

Against the previous month, Al Thanyah Third fell 63% to 53.

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 January 2010, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai481-41.1%AED 970.59MAED 1.55MAED 1,237/sqft74%
Al Thanyah Fifth177-44.3%AED 182.19MAED 735KAED 681/sqft12%
Hessyan First176—AED 188.56MAED 904KAED 1,261/sqft100%
Al Warsan First143-27.0%AED 56.77MAED 350KAED 526/sqft5%
Palm Jumeirah105-39.0%AED 340.37MAED 1.70MAED 821/sqft41%
Burj Khalifa89-52.2%AED 387.10MAED 2.58MAED 1,669/sqft6%
Business Bay75-59.7%AED 125.34MAED 1.40MAED 1,100/sqft68%
Al Thanyah Third53-63.2%AED 69.63MAED 899KAED 923/sqft4%
Al Barsha South Fourth52-21.2%AED 66.46MAED 970KAED 780/sqft73%
Al Hebiah Fourth41-18.0%AED 102.24MAED 2.80MAED 514/sqft32%
Me'Aisem First41-76.0%AED 26.37MAED 567KAED 979/sqft90%
Al Thanayah Fourth36-48.6%AED 124.33MAED 1.94MAED 493/sqft0%
Nadd Hessa36-73.3%AED 24.89MAED 596KAED 768/sqft67%
Nad Al Shiba34+1033.3%AED 286.09MAED 6.31MAED 353/sqft0%
Al Hebiah First32-74.0%AED 62.83MAED 1.48MAED 735/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 970.59M481
Burj KhalifaAED 387.10M89
Al JadafAED 378.72M8
Palm JumeirahAED 340.37M105
Nad Al ShibaAED 286.09M34
Hessyan FirstAED 188.56M176
Al Thanyah FifthAED 182.19M177
Business BayAED 125.34M75
Al Thanayah FourthAED 124.33M36
Al Hebiah FourthAED 102.24M41

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
Al Thanyah Third53-63.2%
Business Bay75-59.7%
Burj Khalifa89-52.2%
Al Thanyah Fifth177-44.3%
Marsa Dubai481-41.1%
Palm Jumeirah105-39.0%
Al Warsan First143-27.0%
Al Barsha South Fourth52-21.2%

The largest sales of January 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
7 Jan 2010Al Jadaf—Dubai Health Care City Phase 2BuildingExisting PropertiesNot specified84,331 sqftAED 1,456/sqftAED 122,759,000
12 Jan 2010Wadi Al Safa 7—Dubai Life Style CityVillaExisting PropertiesNot specified2,238,185 sqftAED 32/sqftAED 71,622,000
19 Jan 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified46,844 sqftAED 1,492/sqftAED 69,894,208
18 Jan 2010Al Jadaf—Sama Al JadafBuildingExisting PropertiesNot specified42,899 sqftAED 1,627/sqftAED 69,804,050
20 Jan 2010Saih Shuaib 3—Dubai Industrial CityBuildingExisting PropertiesNot specified1,328,146 sqftAED 38/sqftAED 50,000,000
27 Jan 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified14,548 sqftAED 2,500/sqftAED 36,370,000
11 Jan 2010Burj Khalifa—Business BayLandExisting PropertiesNot specified38,043 sqftAED 854/sqftAED 32,488,960
11 Jan 2010Burj KhalifaENI CORAL TOWERBusiness BayLandExisting PropertiesNot specified48,270 sqftAED 630/sqftAED 30,410,240
7 Jan 2010Nad Al Shiba—MajanLandExisting PropertiesNot specified62,564 sqftAED 454/sqftAED 28,406,000
27 Jan 2010Jabal Ali Industrial Second—Down Town Jabal AliLandExisting PropertiesNot specified19,860 sqftAED 1,400/sqftAED 27,798,100

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.