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Monthly report

Dubai property market — May 2010

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

Sales2,976Registered in May 2010down56.5% vs a year earlier
Total valueAED 6.00BRegistered in May 2010Across 64 communities
Price per sqftAED 828/sqftMedian across May 2010down2% vs a year earlier
Sale priceAED 1.03MMedian across May 201017% sold off-plan

In a sentence

The Land Department registered 2,976 property sales in May 2010, worth AED 6.00B in total, across 64 communities. That is 56% fewer than the same month a year earlier.

The median sale was AED 1,031,900 at AED 828/sqft, 2% below the same month last year. 17% of sales were off-plan.

Marsa Dubai was the busiest community with 466 registered sales, and also took the most money at AED 1.00B.

Against the previous month, Burj Khalifa rose 133% to 314 sales, while Al Thanyah Fifth fell 45% to 395.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai466+2.6%AED 1.00BAED 1.04MAED 945/sqft22%
Al Thanyah Fifth395-44.5%AED 386.85MAED 755KAED 775/sqft23%
Burj Khalifa314+132.6%AED 593.20MAED 1.57MAED 1,400/sqft1%
Al Hebiah Fourth283-24.3%AED 275.52MAED 604KAED 743/sqft11%
Business Bay238+60.8%AED 324.39MAED 1.15MAED 1,132/sqft72%
Al Warsan First233+5.4%AED 74.75MAED 299KAED 465/sqft1%
Al Thanyah Third175+124.4%AED 253.11MAED 1.07MAED 871/sqft0%
Jabal Ali First128+52.4%AED 67.72MAED 525KAED 750/sqft5%
Al Thanayah Fourth123+44.7%AED 302.77MAED 1.38MAED 326/sqft0%
Palm Jumeirah100+92.3%AED 426.16MAED 2.42MAED 1,187/sqft49%
Nadd Hessa97-30.7%AED 121.10MAED 808KAED 816/sqft13%
Wadi Al Safa 681+47.3%AED 212.15MAED 2.60MAED 466/sqft0%
Al Hebiah First66+69.2%AED 125.15MAED 1.47MAED 809/sqft0%
Al Barsha South Fifth39-37.1%AED 55.31MAED 1.49MAED 216/sqft13%
Al Barsha South Fourth29-38.3%AED 88.32MAED 1.06MAED 701/sqft76%

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 1.00B466
Al JadafAED 849.51M27
Burj KhalifaAED 593.20M314
Palm JumeirahAED 426.16M100
Al Thanyah FifthAED 386.85M395
Business BayAED 324.39M238
Al Thanayah FourthAED 302.77M123
Al Hebiah FourthAED 275.52M283
Al Thanyah ThirdAED 253.11M175
Wadi Al Safa 6AED 212.15M81

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
Burj Khalifa314+132.6%
Al Thanyah Third175+124.4%
Palm Jumeirah100+92.3%
Business Bay238+60.8%
Jabal Ali First128+52.4%
Wadi Al Safa 681+47.3%
Al Thanayah Fourth123+44.7%
Al Thanyah Fifth395-44.5%
Nadd Hessa97-30.7%
Al Hebiah Fourth283-24.3%

The largest sales of May 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
27 May 2010Marsa DubaiESCAN MARINA TOWERDubai MarinaVillaExisting PropertiesNot specified35,445 sqftAED 6,574/sqftAED 233,000,000
10 May 2010Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,645 sqftAED 3,719/sqftAED 140,000,000
19 May 2010Al Jadaf—Jaddaf WaterfrontLandExisting PropertiesNot specified50,739 sqftAED 2,355/sqftAED 119,474,000
5 May 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified45,343 sqftAED 2,500/sqftAED 113,357,500
31 May 2010Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified23,517 sqftAED 4,252/sqftAED 100,000,000
10 May 2010Bukadra—LandExisting PropertiesNot specified26,075 sqftAED 2,003/sqftAED 52,222,000
5 May 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified17,889 sqftAED 2,500/sqftAED 44,722,500
5 May 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified16,637 sqftAED 2,500/sqftAED 41,592,500
5 May 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified16,497 sqftAED 2,500/sqftAED 41,242,500
5 May 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified16,422 sqftAED 2,500/sqftAED 41,055,000

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.