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Monthly report

Dubai property market — March 2011

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

Sales2,877Registered in March 2011down61.6% vs a year earlier
Total valueAED 5.59BRegistered in March 2011Across 75 communities
Price per sqftAED 782/sqftMedian across March 2011down17.4% vs a year earlier
Sale priceAED 1.13MMedian across March 20119% sold off-plan

In a sentence

The Land Department registered 2,877 property sales in March 2011, worth AED 5.59B in total, across 75 communities. That is 62% fewer than the same month a year earlier.

The median sale was AED 1,133,888 at AED 782/sqft, 17.4% below the same month last year. 9% of sales were off-plan.

Marsa Dubai was the busiest community with 628 registered sales, while Burj Khalifa took the most money at AED 1.20B.

Against the previous month, Palm Jumeirah rose 73% to 195 sales, while Al Hebiah First fell 63% to 153.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai628+39.6%AED 840.56MAED 1.04MAED 896/sqft10%
Al Thanyah Fifth345+27.8%AED 291.19MAED 674KAED 657/sqft18%
Burj Khalifa309+42.4%AED 1.20BAED 1.98MAED 1,493/sqft5%
Al Thanyah Third216-51.1%AED 325.99MAED 1.14MAED 946/sqft0%
Palm Jumeirah195+72.6%AED 647.31MAED 2.79MAED 1,326/sqft18%
Al Warsan First194-17.8%AED 56.63MAED 270KAED 418/sqft1%
Business Bay185+56.8%AED 308.06MAED 1.59MAED 1,052/sqft9%
Al Hebiah First153-63.0%AED 224.20MAED 1.44MAED 745/sqft1%
Al Barsha South Fourth128+197.7%AED 78.16MAED 538KAED 722/sqft12%
Al Thanayah Fourth101+9.8%AED 267.99MAED 1.50MAED 426/sqft0%
Nadd Hessa59-35.2%AED 65.90MAED 721KAED 663/sqft3%
Wadi Al Safa 659+13.5%AED 153.62MAED 2.35MAED 447/sqft0%
Jabal Ali First53+3.9%AED 17.51MAED 340KAED 382/sqft19%
Wadi Al Safa 552+160.0%AED 93.46MAED 770KAED 123/sqft6%
Al Hebiah Fourth29-34.1%AED 54.56MAED 872KAED 888/sqft55%

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 1.20B309
Marsa DubaiAED 840.56M628
Palm JumeirahAED 647.31M195
Al Thanyah ThirdAED 325.99M216
Business BayAED 308.06M185
Al Thanyah FifthAED 291.19M345
Al Thanayah FourthAED 267.99M101
Al Hebiah FirstAED 224.20M153
Al TtayAED 161.14M7
Wadi Al Safa 6AED 153.62M59

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
Palm Jumeirah195+72.6%
Al Hebiah First153-63.0%
Business Bay185+56.8%
Al Thanyah Third216-51.1%
Burj Khalifa309+42.4%
Marsa Dubai628+39.6%
Nadd Hessa59-35.2%
Al Thanyah Fifth345+27.8%
Al Warsan First194-17.8%
Wadi Al Safa 659+13.5%

The largest sales of March 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
17 Mar 2011Al Goze Third—BuildingExisting PropertiesNot specified147,651 sqftAED 1,016/sqftAED 150,000,000
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified6,016 sqftAED 13,942/sqftAED 83,879,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 14,191/sqftAED 71,270,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 14,048/sqftAED 70,553,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 13,904/sqftAED 69,830,888
22 Mar 2011Al Nahda Second—BuildingExisting PropertiesNot specified17,835 sqftAED 2,803/sqftAED 50,000,000
1 Mar 2011Burj Khalifa—Business BayLandExisting PropertiesNot specified48,783 sqftAED 1,000/sqftAED 48,783,000
24 Mar 2011Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified43,046 sqftAED 929/sqftAED 40,000,000
9 Mar 2011Al Ttay—Al Khawaneej Labour CityBuildingExisting PropertiesNot specified27,490 sqftAED 1,250/sqftAED 34,362,500
9 Mar 2011Nad Al Shiba—Silicon OasisLandExisting PropertiesNot specified63,644 sqftAED 450/sqftAED 28,639,840

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.