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Monthly report

Dubai property market — October 2010

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

Sales2,137Registered in October 2010down46% vs a year earlier
Total valueAED 4.15BRegistered in October 2010Across 63 communities
Price per sqftAED 810/sqftMedian across October 2010up13.3% vs a year earlier
Sale priceAED 1.07MMedian across October 201012% sold off-plan

In a sentence

The Land Department registered 2,137 property sales in October 2010, worth AED 4.15B in total, across 63 communities. That is 46% fewer than the same month a year earlier.

The median sale was AED 1,070,000 at AED 810/sqft, 13.3% above the same month last year. 12% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 448 registered sales, while Burj Khalifa took the most money at AED 878.34M.

Against the previous month, Al Thanyah Fifth rose 160% to 448 sales.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth448+160.5%AED 501.06MAED 929KAED 792/sqft14%
Marsa Dubai366+85.8%AED 461.83MAED 947KAED 800/sqft18%
Burj Khalifa227+70.7%AED 878.34MAED 1.92MAED 1,461/sqft5%
Al Warsan First199+23.6%AED 64.17MAED 299KAED 415/sqft0%
Business Bay126+22.3%AED 291.27MAED 1.53MAED 1,054/sqft20%
Palm Jumeirah119+12.3%AED 352.38MAED 2.46MAED 1,255/sqft17%
Al Hebiah Fourth94+184.8%AED 126.63MAED 930KAED 1,169/sqft29%
Al Thanyah Third93+24.0%AED 127.55MAED 1.06MAED 854/sqft8%
Al Thanayah Fourth90+42.9%AED 276.30MAED 1.40MAED 314/sqft0%
Wadi Al Safa 662+87.9%AED 141.22MAED 2.31MAED 397/sqft0%
Me'Aisem First48+152.6%AED 32.26MAED 550KAED 1,024/sqft21%
Nadd Hessa45+73.1%AED 35.76MAED 693KAED 735/sqft20%
Al Barsha South Fourth33+3.1%AED 52.10MAED 614KAED 660/sqft9%
Wadi Al Safa 523+64.3%AED 81.87MAED 3.30MAED 376/sqft9%
Al Hebiah First19-36.7%AED 44.68MAED 1.78MAED 777/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
Burj KhalifaAED 878.34M227
Al Thanyah FifthAED 501.06M448
Marsa DubaiAED 461.83M366
Palm JumeirahAED 352.38M119
Business BayAED 291.27M126
Al Thanayah FourthAED 276.30M90
Wadi Al Safa 6AED 141.22M62
Al Thanyah ThirdAED 127.55M93
Al Hebiah FourthAED 126.63M94
Trade Center FirstAED 121.02M1

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 Fifth448+160.5%
Marsa Dubai366+85.8%
Burj Khalifa227+70.7%
Al Thanayah Fourth90+42.9%
Al Thanyah Third93+24.0%
Al Warsan First199+23.6%
Business Bay126+22.3%
Palm Jumeirah119+12.3%

The largest sales of October 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
12 Oct 2010Trade Center First—BuildingExisting PropertiesNot specified10,050 sqftAED 12,041/sqftAED 121,015,674
27 Oct 2010Dubai Investment Park SecondDUNES VILLAGEDubai Investment Park SecondBuildingExisting PropertiesNot specified462,914 sqftAED 120/sqftAED 55,529,640
5 Oct 2010Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified33,560 sqftAED 1,393/sqftAED 46,750,000
19 Oct 2010Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified37,607 sqftAED 1,202/sqftAED 45,200,000
25 Oct 2010Um Al Sheif—BuildingExisting PropertiesNot specified106,835 sqftAED 420/sqftAED 44,870,700
14 Oct 2010Burj KhalifaEmaar Square Bldg 3DownTown DubaiOfficeExisting PropertiesNot specified28,540 sqftAED 1,440/sqftAED 41,111,111
14 Oct 2010Burj KhalifaEmaar Square Bldg 3DownTown DubaiOfficeExisting PropertiesNot specified28,540 sqftAED 1,440/sqftAED 41,111,111
14 Oct 2010Burj KhalifaEmaar Square Bldg 3DownTown DubaiOfficeExisting PropertiesNot specified28,540 sqftAED 1,440/sqftAED 41,111,111
14 Oct 2010Burj KhalifaEmaar Square Bldg 3DownTown DubaiOfficeExisting PropertiesNot specified28,540 sqftAED 1,440/sqftAED 41,111,111
14 Oct 2010Burj KhalifaEmaar Square Bldg 3DownTown DubaiOfficeExisting PropertiesOffice28,540 sqftAED 1,440/sqftAED 41,111,111

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.