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Quarterly report

Dubai property market — Q4 2010

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2010. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales5,203Registered in Q4 2010down48.7% vs a year earlier
Total valueAED 10.51BRegistered in Q4 2010Across 93 communities
Price per sqftAED 797/sqftMedian across Q4 2010up4.1% vs a year earlier
Sale priceAED 1.13MMedian across Q4 20107% sold off-plan

In a sentence

The Land Department registered 5,203 property sales in Q4 2010, worth AED 10.51B in total, across 93 communities. That is 49% fewer than the same quarter a year earlier.

The median sale was AED 1,130,000 at AED 797/sqft, 4.1% above the same quarter last year. 7% of sales were off-plan.

Marsa Dubai was the busiest community with 821 registered sales, while Burj Khalifa took the most money at AED 2.10B.

Against the previous quarter, Palm Jumeirah rose 37% to 352 sales, while Jabal Ali First fell 58% to 65.

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 Q4 2010, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai821-34.6%AED 1.14BAED 1.10MAED 844/sqft12%
Al Thanyah Fifth819-1.1%AED 871.25MAED 889KAED 776/sqft10%
Burj Khalifa586-35.4%AED 2.10BAED 2.26MAED 1,682/sqft3%
Al Warsan First523-15.0%AED 148.04MAED 260KAED 403/sqft0%
Palm Jumeirah352+37.0%AED 1.11BAED 2.60MAED 1,269/sqft7%
Nadd Hessa267+3.1%AED 294.45MAED 738KAED 735/sqft3%
Al Thanyah Third263-38.6%AED 363.66MAED 1.08MAED 855/sqft5%
Business Bay260-24.2%AED 505.67MAED 1.47MAED 1,036/sqft14%
Al Hebiah Fourth210+28.0%AED 381.81MAED 1.03MAED 1,087/sqft17%
Al Thanayah Fourth210-36.7%AED 649.59MAED 1.55MAED 460/sqft0%
Wadi Al Safa 6137-41.5%AED 313.80MAED 2.30MAED 395/sqft0%
Al Barsha South Fourth115+25.0%AED 124.12MAED 598KAED 644/sqft6%
Al Thanyah First74+17.5%AED 60.56MAED 702KAED 958/sqft1%
Jabal Ali First65-58.3%AED 36.22MAED 395KAED 537/sqft2%
Wadi Al Safa 556+36.6%AED 201.01MAED 3.59MAED 360/sqft9%

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 2.10B586
Marsa DubaiAED 1.14B821
Palm JumeirahAED 1.11B352
Al Thanyah FifthAED 871.25M819
Al Thanayah FourthAED 649.59M210
Business BayAED 505.67M260
Al Hebiah FourthAED 381.81M210
Al Thanyah ThirdAED 363.66M263
Wadi Al Safa 6AED 313.80M137
Nadd HessaAED 294.45M267

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
Jabal Ali First65-58.3%
Me'Aisem First54-50.9%
Al Hebiah First53-41.8%
Wadi Al Safa 6137-41.5%
Al Thanyah Third263-38.6%
Palm Jumeirah352+37.0%
Al Thanayah Fourth210-36.7%
Burj Khalifa586-35.4%
Marsa Dubai821-34.6%
Al Hebiah Fourth210+28.0%

The largest sales of Q4 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
21 Dec 2010Al Mamzer—BuildingExisting PropertiesNot specified323,756 sqftAED 265/sqftAED 85,750,000
10 Nov 2010Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified54,000 sqftAED 1,574/sqftAED 85,000,000
21 Dec 2010Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified67,831 sqftAED 1,150/sqftAED 78,000,000
27 Oct 2010Dubai Investment Park SecondDUNES VILLAGEDubai Investment Park SecondBuildingExisting PropertiesNot specified462,914 sqftAED 120/sqftAED 55,529,640
29 Dec 2010Burj KhalifaEmaar Square Bldg 4DownTown DubaiOfficeExisting PropertiesOffice29,031 sqftAED 1,863/sqftAED 54,077,144
15 Nov 2010Al Dhagaya—BuildingExisting PropertiesNot specified10,911 sqftAED 4,399/sqftAED 48,000,000
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

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.