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Monthly report

Dubai property market — July 2011

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

Sales2,520Registered in July 2011up8.8% vs a year earlier
Total valueAED 4.81BRegistered in July 2011Across 68 communities
Price per sqftAED 805/sqftMedian across July 2011down3.5% vs a year earlier
Sale priceAED 1.02MMedian across July 201114% sold off-plan

In a sentence

The Land Department registered 2,520 property sales in July 2011, worth AED 4.81B in total, across 68 communities. That is 9% more than the same month a year earlier.

The median sale was AED 1,025,000 at AED 805/sqft, 3.5% below the same month last year. 14% of sales were off-plan.

Marsa Dubai was the busiest community with 575 registered sales, and also took the most money at AED 735.11M.

Against the previous month, Business Bay rose 126% to 287 sales, while Wadi Al Safa 5 fell 44% 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 July 2011, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai575+34.0%AED 735.11MAED 1.02MAED 900/sqft9%
Al Thanyah Fifth350+0.6%AED 417.25MAED 761KAED 745/sqft13%
Business Bay287+126.0%AED 394.38MAED 1.20MAED 1,007/sqft43%
Burj Khalifa144+51.6%AED 595.73MAED 1.77MAED 1,479/sqft1%
Al Warsan First124+12.7%AED 51.74MAED 230KAED 351/sqft3%
Al Thanyah Third116+30.3%AED 167.07MAED 1.10MAED 803/sqft0%
Wadi Al Safa 5102-43.6%AED 109.28MAED 722KAED 670/sqft0%
Al Thanayah Fourth86-16.5%AED 216.70MAED 1.58MAED 454/sqft0%
Palm Jumeirah84-35.4%AED 334.53MAED 2.55MAED 1,029/sqft19%
Wadi Al Safa 678+11.4%AED 196.05MAED 2.52MAED 431/sqft0%
Al Barsha South Fourth75+47.1%AED 173.68MAED 627KAED 733/sqft27%
Jabal Ali First68+36.0%AED 57.62MAED 306KAED 602/sqft0%
Al Hebiah Fourth63+65.8%AED 93.56MAED 1.01MAED 651/sqft51%
Wadi Al Safa 762+6100.0%AED 140.92MAED 2.29MAED 1,253/sqft0%
Nadd Hessa58-25.6%AED 52.73MAED 530KAED 637/sqft31%

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
Marsa DubaiAED 735.11M575
Burj KhalifaAED 595.73M144
Al Thanyah FifthAED 417.25M350
Business BayAED 394.38M287
Palm JumeirahAED 334.53M84
Al Thanayah FourthAED 216.70M86
Wadi Al Safa 6AED 196.05M78
Al Barsha South FourthAED 173.68M75
Al Thanyah ThirdAED 167.07M116
Wadi Al Safa 2AED 151.38M7

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
Business Bay287+126.0%
Burj Khalifa144+51.6%
Al Barsha South Fourth75+47.1%
Wadi Al Safa 5102-43.6%
Jabal Ali First68+36.0%
Palm Jumeirah84-35.4%
Marsa Dubai575+34.0%
Al Thanyah Third116+30.3%
Nadd Hessa58-25.6%
Al Thanayah Fourth86-16.5%

The largest sales of July 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
25 Jul 2011Bukadra—BuildingExisting PropertiesNot specified73,203 sqftAED 2,000/sqftAED 146,406,000
21 Jul 2011Wadi Al Safa 2—Falcon CityLandExisting PropertiesNot specified787,680 sqftAED 172/sqftAED 135,635,345
13 Jul 2011Al JadafDUBAI DIGITAL CENTERSama Al JadafLandExisting PropertiesNot specified44,393 sqftAED 1,443/sqftAED 64,049,950
14 Jul 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified4,527 sqftAED 12,181/sqftAED 55,146,888
21 Jul 2011World Islands—The WorldLandExisting PropertiesNot specified437,469 sqftAED 126/sqftAED 54,925,000
4 Jul 2011Al Barsha South Fourth—Jumeirah Village CircleLandExisting PropertiesNot specified59,339 sqftAED 827/sqftAED 49,054,800
19 Jul 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified8,807 sqftAED 5,294/sqftAED 46,626,888
20 Jul 2011Marsa DubaiDEC TOWERS T2Dubai MarinaShopExisting PropertiesShop31,071 sqftAED 1,339/sqftAED 41,618,225
14 Jul 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified11,187 sqftAED 3,678/sqftAED 41,144,000
6 Jul 2011Al Hamriya—BuildingExisting PropertiesNot specified26,268 sqftAED 1,523/sqftAED 40,000,000

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.