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Monthly report

Dubai property market — August 2010

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

Sales2,846Registered in August 2010down56.1% vs a year earlier
Total valueAED 4.79BRegistered in August 2010Across 52 communities
Price per sqftAED 878/sqftMedian across August 2010down1.3% vs a year earlier
Sale priceAED 1.11MMedian across August 201015% sold off-plan

In a sentence

The Land Department registered 2,846 property sales in August 2010, worth AED 4.79B in total, across 52 communities. That is 56% fewer than the same month a year earlier.

The median sale was AED 1,108,107 at AED 878/sqft, 1.3% below the same month last year. 15% of sales were off-plan.

Marsa Dubai was the busiest community with 617 registered sales, and also took the most money at AED 1.06B.

Against the previous month, Al Warsan First rose 80% to 292 sales, while Burj Khalifa fell 21% to 341.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai617+39.9%AED 1.06BAED 1.19MAED 1,076/sqft12%
Burj Khalifa341-21.2%AED 764.20MAED 1.83MAED 1,475/sqft2%
Al Thanyah Fifth340+7.6%AED 389.08MAED 892KAED 800/sqft33%
Al Warsan First292+80.2%AED 87.22MAED 299KAED 414/sqft1%
Al Thanyah Third223+71.5%AED 318.42MAED 1.08MAED 888/sqft0%
Nadd Hessa144+61.8%AED 121.50MAED 679KAED 895/sqft12%
Al Thanayah Fourth131-5.1%AED 203.55MAED 1.16MAED 281/sqft0%
Business Bay1200.0%AED 233.83MAED 1.71MAED 1,064/sqft39%
Wadi Al Safa 6118+42.2%AED 301.89MAED 2.44MAED 493/sqft0%
Palm Jumeirah108+151.2%AED 343.25MAED 2.61MAED 1,339/sqft13%
Me'Aisem First77+450.0%AED 34.31MAED 418KAED 849/sqft90%
Al Hebiah Fourth71+18.3%AED 194.63MAED 2.48MAED 469/sqft4%
Al Barsha South Fifth54+134.8%AED 47.97MAED 901KAED 400/sqft59%
Jabal Ali First39-60.6%AED 17.58MAED 305KAED 557/sqft0%
Al Barsha South Fourth32+14.3%AED 24.91MAED 550KAED 652/sqft50%

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 1.06B617
Burj KhalifaAED 764.20M341
Al Thanyah FifthAED 389.08M340
Palm JumeirahAED 343.25M108
Al Thanyah ThirdAED 318.42M223
Wadi Al Safa 6AED 301.89M118
Business BayAED 233.83M120
Al Thanayah FourthAED 203.55M131
Al Hebiah FourthAED 194.63M71
Al Barsha FirstAED 181.68M1

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 Warsan First292+80.2%
Al Thanyah Third223+71.5%
Nadd Hessa144+61.8%
Wadi Al Safa 6118+42.2%
Marsa Dubai617+39.9%
Burj Khalifa341-21.2%
Al Hebiah Fourth71+18.3%
Al Thanyah Fifth340+7.6%
Al Thanayah Fourth131-5.1%
Business Bay1200.0%

The largest sales of August 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
9 Aug 2010Marsa DubaiBAY CENTRAL WEST & CENTRAL TOWERSDubai MarinaBuildingExisting PropertiesNot specified86,854 sqftAED 2,272/sqftAED 197,333,500
26 Aug 2010Al Barsha First—BuildingExisting PropertiesNot specified22,162 sqftAED 8,198/sqftAED 181,684,735
17 Aug 2010Jabal Ali—LandExisting PropertiesNot specified137,904 sqftAED 563/sqftAED 77,571,911
4 Aug 2010Nad Al Shiba—MajanLandExisting PropertiesNot specified32,963 sqftAED 660/sqftAED 21,755,470
9 Aug 2010Al Baraha—BuildingExisting PropertiesNot specified7,910 sqftAED 2,276/sqftAED 18,000,000
17 Aug 2010Wadi Al Safa 3—Al BarariVillaExisting PropertiesNot specified10,446 sqftAED 1,627/sqftAED 17,000,000
25 Aug 2010Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified16,693 sqftAED 854/sqftAED 14,250,000
19 Aug 2010Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified13,404 sqftAED 1,044/sqftAED 14,000,000
10 Aug 2010Business BayWEST HEIGHTS 4Business BayFlatExisting Properties4 B/R6,486 sqftAED 2,142/sqftAED 13,890,000
23 Aug 2010Palm JumeirahMARINA RESIDENCEPalm JumeirahFlatExisting Properties4 B/R10,254 sqftAED 1,262/sqftAED 12,939,400

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.