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Monthly report

Dubai property market — March 2010

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

Sales7,489Registered in March 2010up86.9% vs a year earlier
Total valueAED 12.99BRegistered in March 2010Across 69 communities
Price per sqftAED 946/sqftMedian across March 2010up32% vs a year earlier
Sale priceAED 1.07MMedian across March 201061% sold off-plan

In a sentence

The Land Department registered 7,489 property sales in March 2010, worth AED 12.99B in total, across 69 communities. That is 87% more than the same month a year earlier.

The median sale was AED 1,075,000 at AED 946/sqft, 32% above the same month last year. 61% of sales were off-plan.

Marsa Dubai was the busiest community with 1,541 registered sales, and also took the most money at AED 3.36B.

Against the previous month, Al Thanyah Third rose 1,138% to 656 sales, while Al Barsha South Fourth fell 30% to 102.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,541+257.5%AED 3.36BAED 1.46MAED 1,117/sqft71%
Al Warsan First1,470+245.9%AED 689.36MAED 438KAED 789/sqft73%
Burj Khalifa924+747.7%AED 2.78BAED 2.07MAED 2,205/sqft75%
Business Bay661+7.0%AED 1.15BAED 1.50MAED 1,074/sqft94%
Al Thanyah Third656+1137.7%AED 963.67MAED 1.23MAED 1,182/sqft74%
Al Thanyah Fifth594+55.1%AED 695.67MAED 916KAED 800/sqft32%
Jabal Ali First282+139.0%AED 154.71MAED 568KAED 750/sqft0%
Al Hebiah Fourth206+110.2%AED 336.89MAED 971KAED 926/sqft19%
Palm Jumeirah187+92.8%AED 520.64MAED 1.95MAED 1,008/sqft7%
Al Thanayah Fourth125+177.8%AED 284.48MAED 1.60MAED 365/sqft0%
Al Hebiah First116+427.3%AED 226.80MAED 1.48MAED 738/sqft0%
Al Barsha South Fourth102-30.1%AED 98.75MAED 711KAED 635/sqft88%
Al Hebiah Fifth97—AED 90.05MAED 914KAED 882/sqft100%
Me'Aisem First93-6.1%AED 64.78MAED 558KAED 1,022/sqft42%
Wadi Al Safa 691+145.9%AED 236.70MAED 2.54MAED 416/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 3.36B1,541
Burj KhalifaAED 2.78B924
Business BayAED 1.15B661
Al Thanyah ThirdAED 963.67M656
Al Thanyah FifthAED 695.67M594
Al Warsan FirstAED 689.36M1,470
Palm JumeirahAED 520.64M187
Al Hebiah FourthAED 336.89M206
Al Thanayah FourthAED 284.48M125
Wadi Al Safa 6AED 236.70M91

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 Third656+1137.7%
Burj Khalifa924+747.7%
Marsa Dubai1,541+257.5%
Al Warsan First1,470+245.9%
Jabal Ali First282+139.0%
Al Hebiah Fourth206+110.2%
Palm Jumeirah187+92.8%
Al Thanyah Fifth594+55.1%
Al Barsha South Fourth102-30.1%
Business Bay661+7.0%

The largest sales of March 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 Mar 2010Marsa DubaiELITE RESIDENCEDubai MarinaFlatOff-Plan Properties1 B/R961 sqftAED 162,209/sqftAED 155,812,839
29 Mar 2010Al Saffa Second—BuildingExisting PropertiesNot specified131,500 sqftAED 951/sqftAED 125,000,000
8 Mar 2010Ras Al Khor Industrial First—LandExisting PropertiesNot specified25,744 sqftAED 3,146/sqftAED 80,980,250
2 Mar 2010Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified34,120 sqftAED 2,052/sqftAED 70,000,000
1 Mar 2010Al Hebiah FourthTHE SPIRITDubai Sports CityBuildingExisting PropertiesNot specified45,236 sqftAED 1,245/sqftAED 56,340,090
3 Mar 2010Marsa DubaiDM MARINA PLAZADubai MarinaOfficeOff-Plan PropertiesOffice27,178 sqftAED 1,925/sqftAED 52,316,888
17 Mar 2010Madinat Dubai Almelaheyah—BuildingExisting PropertiesNot specified30,624 sqftAED 1,567/sqftAED 48,000,000
15 Mar 2010Al Suq Al Kabeer—BuildingExisting PropertiesNot specified12,617 sqftAED 3,051/sqftAED 38,500,000
1 Mar 2010Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified31,724 sqftAED 1,123/sqftAED 35,616,000
29 Mar 2010Nad Al Shiba—MajanLandExisting PropertiesNot specified54,626 sqftAED 595/sqftAED 32,503,000

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.