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Monthly report

Dubai property market — December 2010

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

Sales1,509Registered in December 2010down50.1% vs a year earlier
Total valueAED 3.11BRegistered in December 2010Across 62 communities
Price per sqftAED 795/sqftMedian across December 2010down11.5% vs a year earlier
Sale priceAED 1.21MMedian across December 20106% sold off-plan

In a sentence

The Land Department registered 1,509 property sales in December 2010, worth AED 3.11B in total, across 62 communities. That is 50% fewer than the same month a year earlier.

The median sale was AED 1,210,000 at AED 795/sqft, 11.5% below the same month last year. 6% of sales were off-plan.

Marsa Dubai was the busiest community with 264 registered sales, while Burj Khalifa took the most money at AED 509.66M.

Against the previous month, Marsa Dubai rose 38% to 264 sales, while Nadd Hessa fell 48% to 76.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai264+38.2%AED 392.42MAED 1.22MAED 864/sqft11%
Al Thanyah Fifth211+31.9%AED 202.16MAED 800KAED 727/sqft10%
Burj Khalifa160-19.6%AED 509.66MAED 2.05MAED 1,641/sqft5%
Al Warsan First157-6.0%AED 42.79MAED 250KAED 391/sqft0%
Palm Jumeirah131+28.4%AED 395.88MAED 2.52MAED 1,299/sqft3%
Al Thanyah Third82-6.8%AED 113.51MAED 1.09MAED 857/sqft5%
Nadd Hessa76-47.9%AED 100.45MAED 750KAED 701/sqft0%
Business Bay66-2.9%AED 91.14MAED 1.25MAED 1,026/sqft15%
Al Thanayah Fourth52-23.5%AED 144.32MAED 1.66MAED 522/sqft0%
Al Barsha South Fourth44+15.8%AED 27.18MAED 561KAED 657/sqft7%
Al Hebiah Fourth37-53.2%AED 95.92MAED 2.76MAED 546/sqft24%
Wadi Al Safa 629-37.0%AED 68.83MAED 2.00MAED 365/sqft0%
Jabal Ali First28+33.3%AED 21.66MAED 727KAED 793/sqft4%
Wadi Al Safa 524+166.7%AED 90.89MAED 4.33MAED 357/sqft8%
Al Thanyah First15-64.3%AED 14.29MAED 694KAED 1,062/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 509.66M160
Palm JumeirahAED 395.88M131
Marsa DubaiAED 392.42M264
Al Thanyah FifthAED 202.16M211
Al Thanayah FourthAED 144.32M52
Al Thanyah ThirdAED 113.51M82
Nadd HessaAED 100.45M76
Al Hebiah FourthAED 95.92M37
Business BayAED 91.14M66
Wadi Al Safa 5AED 90.89M24

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
Nadd Hessa76-47.9%
Marsa Dubai264+38.2%
Al Thanyah Fifth211+31.9%
Palm Jumeirah131+28.4%
Al Thanayah Fourth52-23.5%
Burj Khalifa160-19.6%
Al Thanyah Third82-6.8%
Al Warsan First157-6.0%
Business Bay66-2.9%

The largest sales of December 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
21 Dec 2010Al Mamzer—BuildingExisting PropertiesNot specified323,756 sqftAED 265/sqftAED 85,750,000
21 Dec 2010Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified67,831 sqftAED 1,150/sqftAED 78,000,000
29 Dec 2010Burj KhalifaEmaar Square Bldg 4DownTown DubaiOfficeExisting PropertiesOffice29,031 sqftAED 1,863/sqftAED 54,077,144
1 Dec 2010Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified39,121 sqftAED 984/sqftAED 38,500,000
20 Dec 2010Dubai International Airport—BuildingExisting PropertiesNot specified40,000 sqftAED 960/sqftAED 38,400,000
15 Dec 2010Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified26,827 sqftAED 1,400/sqftAED 37,557,800
6 Dec 2010Al Khabeesi—BuildingExisting PropertiesNot specified39,978 sqftAED 800/sqftAED 32,000,000
13 Dec 2010Dubai Investment Park SecondDUNES VILLAGEDubai Investment Park SecondBuildingExisting PropertiesNot specified54,528 sqftAED 514/sqftAED 28,000,000
29 Dec 2010Burj KhalifaEmaar Square Bldg 4DownTown DubaiOfficeExisting PropertiesOffice14,843 sqftAED 1,863/sqftAED 27,648,619
7 Dec 2010Al Barsha First—LandExisting PropertiesNot specified30,212 sqftAED 827/sqftAED 25,000,000

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.