← All reports

Quarterly report

Dubai property market — Q2 2010

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2010. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,943Registered in Q2 2010down59.1% vs a year earlier
Total valueAED 18.81BRegistered in Q2 2010Across 94 communities
Price per sqftAED 826/sqftMedian across Q2 2010down8.3% vs a year earlier
Sale priceAED 930KMedian across Q2 201028% sold off-plan

In a sentence

The Land Department registered 9,943 property sales in Q2 2010, worth AED 18.81B in total, across 94 communities. That is 59% fewer than the same quarter a year earlier.

The median sale was AED 929,688 at AED 826/sqft, 8.3% below the same quarter last year. 28% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 2,063 registered sales, while Marsa Dubai took the most money at AED 3.93B.

Against the previous quarter, Al Hebiah Fourth rose 164% to 910 sales, while Business Bay fell 59% to 559.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q2 2010, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth2,063+78.8%AED 1.93BAED 715KAED 751/sqft35%
Marsa Dubai1,564-36.2%AED 3.93BAED 1.06MAED 967/sqft28%
Burj Khalifa1,137+1.3%AED 2.45BAED 1.55MAED 1,573/sqft38%
Al Hebiah Fourth910+163.8%AED 933.32MAED 665KAED 803/sqft42%
Al Warsan First866-57.5%AED 281.54MAED 299KAED 461/sqft5%
Business Bay559-58.7%AED 1.05BAED 1.26MAED 1,094/sqft56%
Nadd Hessa424+86.0%AED 367.20MAED 640KAED 818/sqft25%
Al Thanyah Third376-50.7%AED 569.21MAED 1.14MAED 878/sqft1%
Al Thanayah Fourth317+53.9%AED 780.27MAED 1.40MAED 344/sqft0%
Jabal Ali First273-36.5%AED 236.56MAED 510KAED 750/sqft4%
Palm Jumeirah204-47.6%AED 1.17BAED 2.33MAED 1,098/sqft40%
Wadi Al Safa 6200+30.7%AED 549.79MAED 2.60MAED 502/sqft0%
Al Barsha South Fourth140-53.3%AED 188.95MAED 675KAED 728/sqft83%
Al Hebiah First137-19.4%AED 254.22MAED 1.48MAED 859/sqft0%
Al Barsha South Fifth124+51.2%AED 157.61MAED 1.49MAED 234/sqft30%

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 3.93B1,564
Burj KhalifaAED 2.45B1,137
Al Thanyah FifthAED 1.93B2,063
Palm JumeirahAED 1.17B204
Al JadafAED 1.17B47
Business BayAED 1.05B559
Al Hebiah FourthAED 933.32M910
Al Thanayah FourthAED 780.27M317
Al Thanyah ThirdAED 569.21M376
Wadi Al Safa 6AED 549.79M200

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Hebiah Fourth910+163.8%
Nadd Hessa424+86.0%
Al Thanyah Fifth2,063+78.8%
Business Bay559-58.7%
Me'Aisem First98-57.9%
Al Warsan First866-57.5%
Al Thanayah Fourth317+53.9%
Al Barsha South Fourth140-53.3%
Al Barsha South Fifth124+51.2%
Al Thanyah Third376-50.7%

The largest sales of Q2 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 Apr 2010Marsa DubaiELITE RESIDENCEDubai MarinaFlatOff-Plan Properties4 B/R3,211 sqftAED 205,464/sqftAED 659,741,940
5 Apr 2010Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,401 sqftAED 9,893/sqftAED 370,000,000
21 Apr 2010Marsa DubaiPRINCESS TOWERDubai MarinaFlatOff-Plan Properties3 B/R2,037 sqftAED 156,044/sqftAED 317,888,200
24 Jun 2010Burj Khalifa—Business BayLandExisting PropertiesNot specified58,097 sqftAED 4,500/sqftAED 261,436,500
27 May 2010Marsa DubaiESCAN MARINA TOWERDubai MarinaVillaExisting PropertiesNot specified35,445 sqftAED 6,574/sqftAED 233,000,000
13 Apr 2010Palm JumeirahTIARA RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified172,966 sqftAED 1,100/sqftAED 190,262,600
13 Apr 2010Palm JumeirahTIARA RESIDENCEPalm JumeirahBuildingExisting PropertiesNot specified170,518 sqftAED 1,100/sqftAED 187,564,300
10 Jun 2010Business BayCRYSTAL TOWERBusiness BayHotelExisting PropertiesNot specified412,157 sqftAED 449/sqftAED 185,000,000
28 Jun 2010BukadraIMTIAZ SYMPHONY TOWERLandExisting PropertiesNot specified45,575 sqftAED 3,153/sqftAED 143,677,800
10 May 2010Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified37,645 sqftAED 3,719/sqftAED 140,000,000

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.