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Quarterly report

Dubai property market — Q3 2010

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2010. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,492Registered in Q3 2010down60.3% vs a year earlier
Total valueAED 11.19BRegistered in Q3 2010Across 77 communities
Price per sqftAED 848/sqftMedian across Q3 2010down2.2% vs a year earlier
Sale priceAED 1.17MMedian across Q3 201013% sold off-plan

In a sentence

The Land Department registered 6,492 property sales in Q3 2010, worth AED 11.19B in total, across 77 communities. That is 60% fewer than the same quarter a year earlier.

The median sale was AED 1,167,881 at AED 848/sqft, 2.2% below the same quarter last year. 13% of sales were off-plan.

Marsa Dubai was the busiest community with 1,255 registered sales, while Burj Khalifa took the most money at AED 2.05B.

Against the previous quarter, Palm Jumeirah rose 26% to 257 sales, while Al Hebiah Fourth fell 82% to 164.

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 Q3 2010, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,255-19.8%AED 1.87BAED 1.10MAED 985/sqft15%
Burj Khalifa907-20.2%AED 2.05BAED 1.80MAED 1,568/sqft9%
Al Thanyah Fifth828-59.9%AED 949.25MAED 938KAED 773/sqft21%
Al Warsan First615-29.0%AED 207.48MAED 299KAED 415/sqft1%
Al Thanyah Third428+13.8%AED 678.69MAED 1.15MAED 867/sqft0%
Business Bay343-38.6%AED 629.25MAED 1.67MAED 993/sqft27%
Al Thanayah Fourth332+4.7%AED 634.79MAED 1.33MAED 295/sqft0%
Nadd Hessa259-38.9%AED 327.48MAED 715KAED 826/sqft13%
Palm Jumeirah257+26.0%AED 795.83MAED 2.50MAED 1,311/sqft18%
Wadi Al Safa 6234+17.0%AED 596.69MAED 2.47MAED 500/sqft0%
Al Hebiah Fourth164-82.0%AED 448.08MAED 2.45MAED 493/sqft9%
Jabal Ali First156-42.9%AED 82.60MAED 485KAED 539/sqft0%
Me'Aisem First110+12.2%AED 53.09MAED 418KAED 880/sqft76%
Al Barsha South Fourth92-34.3%AED 80.44MAED 667KAED 716/sqft58%
Al Hebiah First91-33.6%AED 151.74MAED 1.21MAED 704/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 2.05B907
Marsa DubaiAED 1.87B1,255
Al Thanyah FifthAED 949.25M828
Palm JumeirahAED 795.83M257
Al Thanyah ThirdAED 678.69M428
Al Thanayah FourthAED 634.79M332
Business BayAED 629.25M343
Wadi Al Safa 6AED 596.69M234
Al Hebiah FourthAED 448.08M164
Nadd HessaAED 327.48M259

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 Fourth164-82.0%
Al Thanyah Fifth828-59.9%
Al Thanyah First63-47.5%
Jabal Ali First156-42.9%
Nadd Hessa259-38.9%
Business Bay343-38.6%
Al Barsha South Fourth92-34.3%
Al Hebiah First91-33.6%
Al Warsan First615-29.0%
Al Barsha South Fifth89-28.2%

The largest sales of Q3 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
6 Sept 2010Burj KhalifaPLATINUM TOWERBusiness BayLandExisting PropertiesNot specified112,496 sqftAED 800/sqftAED 90,000,000
27 Sept 2010Nadd Hessa—Silicon OasisBuildingExisting PropertiesNot specified76,124 sqftAED 1,056/sqftAED 80,422,676
27 Sept 2010Al Sabkha—BuildingExisting PropertiesNot specified14,460 sqftAED 5,533/sqftAED 80,000,000
17 Aug 2010Jabal Ali—LandExisting PropertiesNot specified137,904 sqftAED 563/sqftAED 77,571,911
21 Sept 2010Jabal Ali Industrial Second—Down Town Jabal AliLandExisting PropertiesNot specified24,295 sqftAED 1,800/sqftAED 43,733,065
27 Sept 2010Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified35,174 sqftAED 1,166/sqftAED 41,000,000
14 Sept 2010Al Ras—BuildingExisting PropertiesNot specified1,840 sqftAED 17,395/sqftAED 32,000,000
22 Jul 2010Al Barsha First—BuildingExisting PropertiesNot specified12,001 sqftAED 2,583/sqftAED 31,000,000

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.