← All reports

Monthly report

Dubai property market — May 2011

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

Sales2,315Registered in May 2011down22.2% vs a year earlier
Total valueAED 5.77BRegistered in May 2011Across 74 communities
Price per sqftAED 811/sqftMedian across May 2011down2.1% vs a year earlier
Sale priceAED 1.16MMedian across May 201111% sold off-plan

In a sentence

The Land Department registered 2,315 property sales in May 2011, worth AED 5.77B in total, across 74 communities. That is 22% fewer than the same month a year earlier.

The median sale was AED 1,156,194 at AED 811/sqft, 2.1% below the same month last year. 11% of sales were off-plan.

Marsa Dubai was the busiest community with 506 registered sales, while Business Bay took the most money at AED 1.21B.

Against the previous month, Nadd Hessa rose 91% to 122 sales, while Al Barsha South Fourth fell 54% to 102.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai506+13.7%AED 1.19BAED 1.32MAED 969/sqft12%
Al Thanyah Fifth299-33.7%AED 288.41MAED 693KAED 722/sqft9%
Palm Jumeirah171+6.2%AED 590.58MAED 2.67MAED 1,253/sqft27%
Al Warsan First160+40.4%AED 58.72MAED 244KAED 372/sqft3%
Burj Khalifa158-16.4%AED 508.39MAED 1.78MAED 1,581/sqft10%
Business Bay155+2.6%AED 1.21BAED 1.32MAED 1,098/sqft15%
Nadd Hessa122+90.6%AED 106.32MAED 570KAED 675/sqft5%
Al Thanyah Third113-2.6%AED 143.17MAED 1.00MAED 811/sqft0%
Al Barsha South Fourth102-53.6%AED 115.37MAED 737KAED 753/sqft12%
Al Thanayah Fourth83-17.0%AED 172.93MAED 1.52MAED 483/sqft0%
Al Hebiah Fourth67+116.1%AED 129.03MAED 936KAED 959/sqft69%
Wadi Al Safa 553+211.8%AED 54.47MAED 707KAED 678/sqft0%
Wadi Al Safa 647-30.9%AED 123.76MAED 2.50MAED 413/sqft0%
Al Hebiah First31+342.9%AED 60.13MAED 1.44MAED 529/sqft0%
Jabal Ali First31-20.5%AED 15.48MAED 350KAED 408/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
Business BayAED 1.21B155
Marsa DubaiAED 1.19B506
Palm JumeirahAED 590.58M171
Burj KhalifaAED 508.39M158
Al Thanyah FifthAED 288.41M299
Al Thanayah FourthAED 172.93M83
Al Thanyah ThirdAED 143.17M113
Al Hebiah FourthAED 129.03M67
Wadi Al Safa 6AED 123.76M47
Me'Aisem FirstAED 117.74M19

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
Nadd Hessa122+90.6%
Al Barsha South Fourth102-53.6%
Al Warsan First160+40.4%
Al Thanyah Fifth299-33.7%
Al Thanayah Fourth83-17.0%
Burj Khalifa158-16.4%
Marsa Dubai506+13.7%
Palm Jumeirah171+6.2%
Business Bay155+2.6%
Al Thanyah Third113-2.6%

The largest sales of May 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
18 May 2011Business BayU-BORA TOWERSBusiness BayBuildingExisting PropertiesNot specified1,723,935 sqftAED 574/sqftAED 989,327,460
9 May 2011Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified47,415 sqftAED 6,749/sqftAED 320,000,000
17 May 2011Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified65,857 sqftAED 1,536/sqftAED 101,180,800
16 May 2011Port Saeed—BuildingExisting PropertiesNot specified23,111 sqftAED 3,786/sqftAED 87,500,000
2 May 2011Marsa DubaiTRIDENT GRANDDubai MarinaShopOff-Plan PropertiesShop57,815 sqftAED 1,332/sqftAED 77,000,000
23 May 2011Me'Aisem First—International Media Production ZoneLandExisting PropertiesNot specified108,794 sqftAED 690/sqftAED 75,067,860
10 May 2011Al Barsha First—VillaExisting PropertiesNot specified133,420 sqftAED 255/sqftAED 34,000,000
11 May 2011Al Karama—BuildingExisting PropertiesNot specified22,392 sqftAED 1,284/sqftAED 28,750,000
18 May 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified11,062 sqftAED 2,434/sqftAED 26,922,465
24 May 2011Naif—BuildingExisting PropertiesNot specified6,932 sqftAED 3,246/sqftAED 22,500,000

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.