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Monthly report

Dubai property market — January 2011

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2011. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,659Registered in January 2011up53.5% vs a year earlier
Total valueAED 6.74BRegistered in January 2011Across 71 communities
Price per sqftAED 839/sqftMedian across January 2011down9.3% vs a year earlier
Sale priceAED 1.13MMedian across January 20118% sold off-plan

In a sentence

The Land Department registered 2,659 property sales in January 2011, worth AED 6.74B in total, across 71 communities. That is 54% more than the same month a year earlier.

The median sale was AED 1,125,000 at AED 839/sqft, 9.3% below the same month last year. 8% of sales were off-plan.

Marsa Dubai was the busiest community with 492 registered sales, while World Islands took the most money at AED 1.25B.

Against the previous month, Al Thanyah Third rose 141% to 198 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 January 2011, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai492+86.4%AED 725.96MAED 1.30MAED 1,086/sqft5%
Al Thanyah Fifth357+69.2%AED 518.53MAED 1.01MAED 861/sqft29%
Al Warsan First299+90.4%AED 89.85MAED 299KAED 418/sqft0%
Palm Jumeirah273+108.4%AED 817.14MAED 2.56MAED 1,347/sqft3%
Al Thanyah Third198+141.5%AED 246.19MAED 1.04MAED 1,064/sqft0%
Burj Khalifa188+17.5%AED 538.64MAED 2.11MAED 1,456/sqft2%
Al Hebiah First155+1007.1%AED 120.92MAED 721KAED 500/sqft0%
Nadd Hessa99+30.3%AED 79.84MAED 588KAED 695/sqft2%
Business Bay92+39.4%AED 543.86MAED 1.45MAED 1,150/sqft14%
Al Thanayah Fourth78+50.0%AED 176.50MAED 1.52MAED 380/sqft0%
Al Barsha South Fourth65+47.7%AED 50.11MAED 603KAED 650/sqft43%
Wadi Al Safa 656+93.1%AED 118.14MAED 2.04MAED 391/sqft0%
Me'Aisem First55+1733.3%AED 53.45MAED 1.17MAED 944/sqft31%
Jabal Ali First39+39.3%AED 14.68MAED 350KAED 430/sqft23%
Al Hebiah Fourth28-24.3%AED 80.25MAED 2.97MAED 463/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
World IslandsAED 1.25B1
Palm JumeirahAED 817.14M273
Marsa DubaiAED 725.96M492
Business BayAED 543.86M92
Burj KhalifaAED 538.64M188
Al Thanyah FifthAED 518.53M357
Al Thanyah ThirdAED 246.19M198
Al Safouh SecondAED 240.00M1
Al Thanayah FourthAED 176.50M78
Wadi Al Safa 5AED 153.19M28

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 Third198+141.5%
Palm Jumeirah273+108.4%
Al Warsan First299+90.4%
Marsa Dubai492+86.4%
Al Thanyah Fifth357+69.2%
Al Thanayah Fourth78+50.0%
Business Bay92+39.4%
Nadd Hessa99+30.3%
Burj Khalifa188+17.5%

The largest sales of January 2011

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
19 Jan 2011World Islands—The WorldLandExisting PropertiesNot specified20,117,947 sqftAED 62/sqftAED 1,247,540,931
10 Jan 2011Business Bay—Business BayBuildingExisting PropertiesNot specified187,319 sqftAED 2,104/sqftAED 394,178,400
31 Jan 2011Al Safouh Second—Site AVillaExisting PropertiesNot specified928,723 sqftAED 258/sqftAED 240,000,000
20 Jan 2011Mankhool—BuildingExisting PropertiesNot specified28,827 sqftAED 3,122/sqftAED 90,000,000
12 Jan 2011Bukadra—LandExisting PropertiesNot specified30,516 sqftAED 2,000/sqftAED 61,030,000
25 Jan 2011Ras Al Khor Industrial First—LandExisting PropertiesNot specified47,378 sqftAED 1,071/sqftAED 50,741,300
5 Jan 2011Jabal Ali Industrial Third—LandExisting PropertiesNot specified31,149 sqftAED 1,402/sqftAED 43,675,815
10 Jan 2011Ras Al Khor Industrial First—LandExisting PropertiesNot specified37,293 sqftAED 1,074/sqftAED 40,065,250
17 Jan 2011Um Suqaim Third—VillaExisting PropertiesNot specified39,600 sqftAED 884/sqftAED 35,000,000
3 Jan 2011Al Khawaneej First—BuildingExisting PropertiesNot specified350,806 sqftAED 90/sqftAED 31,572,594

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.