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Monthly report

Dubai property market — February 2011

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

Sales2,784Registered in February 2011down14.7% vs a year earlier
Total valueAED 5.03BRegistered in February 2011Across 63 communities
Price per sqftAED 787/sqftMedian across February 2011down5.9% vs a year earlier
Sale priceAED 1.00MMedian across February 20115% sold off-plan

In a sentence

The Land Department registered 2,784 property sales in February 2011, worth AED 5.03B in total, across 63 communities. That is 15% fewer than the same month a year earlier.

The median sale was AED 1,000,000 at AED 787/sqft, 5.9% below the same month last year. 5% of sales were off-plan.

Marsa Dubai was the busiest community with 450 registered sales, while Al Thanyah Third took the most money at AED 1.39B.

Against the previous month, Al Hebiah First rose 166% to 413 sales, while Palm Jumeirah fell 59% to 113.

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 February 2011, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai450-8.5%AED 598.71MAED 1.15MAED 1,010/sqft5%
Al Thanyah Third442+123.2%AED 1.39BAED 1.30MAED 1,166/sqft0%
Al Hebiah First413+166.5%AED 317.40MAED 713KAED 500/sqft1%
Al Thanyah Fifth270-24.4%AED 249.08MAED 738KAED 718/sqft4%
Al Warsan First236-21.1%AED 88.63MAED 269KAED 418/sqft1%
Burj Khalifa217+15.4%AED 722.31MAED 2.36MAED 1,670/sqft2%
Business Bay118+28.3%AED 184.64MAED 1.38MAED 1,071/sqft17%
Palm Jumeirah113-58.6%AED 402.69MAED 2.74MAED 1,310/sqft6%
Al Thanayah Fourth92+17.9%AED 183.19MAED 1.51MAED 378/sqft0%
Nadd Hessa91-8.1%AED 83.13MAED 684KAED 830/sqft5%
Wadi Al Safa 652-7.1%AED 137.33MAED 2.09MAED 462/sqft0%
Jabal Ali First51+30.8%AED 16.08MAED 275KAED 393/sqft24%
Al Hebiah Fourth44+57.1%AED 93.70MAED 1.31MAED 1,169/sqft48%
Al Barsha South Fourth43-33.8%AED 31.88MAED 694KAED 775/sqft44%
Al Barsha South Fifth20-9.1%AED 29.66MAED 1.49MAED 207/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
Al Thanyah ThirdAED 1.39B442
Burj KhalifaAED 722.31M217
Marsa DubaiAED 598.71M450
Palm JumeirahAED 402.69M113
Al Hebiah FirstAED 317.40M413
Al Thanyah FifthAED 249.08M270
Business BayAED 184.64M118
Al Thanayah FourthAED 183.19M92
Wadi Al Safa 6AED 137.33M52
Al Hebiah FourthAED 93.70M44

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 Hebiah First413+166.5%
Al Thanyah Third442+123.2%
Palm Jumeirah113-58.6%
Business Bay118+28.3%
Al Thanyah Fifth270-24.4%
Al Warsan First236-21.1%
Al Thanayah Fourth92+17.9%
Burj Khalifa217+15.4%
Marsa Dubai450-8.5%
Nadd Hessa91-8.1%

The largest sales of February 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
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice25,362 sqftAED 2,109/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice25,760 sqftAED 2,076/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice25,760 sqftAED 2,076/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice25,760 sqftAED 2,076/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice25,760 sqftAED 2,076/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice24,703 sqftAED 2,165/sqftAED 53,485,714
23 Feb 2011Al Thanyah ThirdEMMAR BUSINESS PARK BLDG-4The GreensOfficeExisting PropertiesOffice17,082 sqftAED 3,131/sqftAED 53,485,714
14 Feb 2011Dubai Investment Park SecondRITAJDubai Investment Park SecondBuildingExisting PropertiesNot specified1,028,435 sqftAED 50/sqftAED 51,711,635
28 Feb 2011Al Karama—BuildingExisting PropertiesNot specified10,000 sqftAED 4,250/sqftAED 42,500,000
8 Feb 2011Al Goze Industrial First—BuildingExisting PropertiesNot specified57,242 sqftAED 735/sqftAED 42,072,870

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.