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Monthly report

Dubai property market — August 2011

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

Sales1,934Registered in August 2011down32% vs a year earlier
Total valueAED 3.43BRegistered in August 2011Across 64 communities
Price per sqftAED 805/sqftMedian across August 2011down8.4% vs a year earlier
Sale priceAED 1.00MMedian across August 20119% sold off-plan

In a sentence

The Land Department registered 1,934 property sales in August 2011, worth AED 3.43B in total, across 64 communities. That is 32% fewer than the same month a year earlier.

The median sale was AED 1,000,000 at AED 805/sqft, 8.4% below the same month last year. 9% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 460 registered sales, while Marsa Dubai took the most money at AED 568.30M.

Against the previous month, Al Thanyah Fifth rose 31% to 460 sales, while Business Bay fell 56% to 126.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth460+31.4%AED 365.05MAED 650KAED 786/sqft2%
Marsa Dubai333-42.1%AED 568.30MAED 1.48MAED 1,061/sqft10%
Business Bay126-56.1%AED 186.95MAED 1.26MAED 1,101/sqft7%
Al Warsan First123-0.8%AED 67.17MAED 185KAED 335/sqft2%
Burj Khalifa102-29.2%AED 270.05MAED 1.64MAED 1,402/sqft12%
Palm Jumeirah88+4.8%AED 309.48MAED 2.65MAED 1,254/sqft9%
Al Thanyah Third83-28.4%AED 97.11MAED 900KAED 724/sqft0%
Wadi Al Safa 578-23.5%AED 107.92MAED 840KAED 507/sqft0%
Al Barsha South Fourth750.0%AED 79.42MAED 684KAED 680/sqft37%
Jabal Ali First71+4.4%AED 31.56MAED 330KAED 581/sqft0%
Al Thanayah Fourth68-20.9%AED 268.18MAED 1.51MAED 483/sqft0%
Me'Aisem First41-25.5%AED 28.80MAED 497KAED 984/sqft5%
Al Hebiah Fifth36+227.3%AED 48.87MAED 1.37MAED 966/sqft100%
Al Thanyah First310.0%AED 56.11MAED 1.95MAED 1,270/sqft16%
Al Hebiah Fourth30-52.4%AED 39.06MAED 909KAED 519/sqft50%

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 568.30M333
Al Thanyah FifthAED 365.05M460
Palm JumeirahAED 309.48M88
Burj KhalifaAED 270.05M102
Al Thanayah FourthAED 268.18M68
NaifAED 200.00M1
Business BayAED 186.95M126
Wadi Al Safa 5AED 107.92M78
Al Thanyah ThirdAED 97.11M83
Saih Shuaib 2AED 84.38M8

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 Bay126-56.1%
Marsa Dubai333-42.1%
Al Thanyah Fifth460+31.4%
Burj Khalifa102-29.2%
Al Thanyah Third83-28.4%
Wadi Al Safa 578-23.5%
Al Thanayah Fourth68-20.9%
Palm Jumeirah88+4.8%
Jabal Ali First71+4.4%
Al Warsan First123-0.8%

The largest sales of August 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
3 Aug 2011Naif—BuildingExisting PropertiesNot specified31,835 sqftAED 6,282/sqftAED 200,000,000
22 Aug 2011Burj KhalifaPLATINUM TOWERBusiness BayLandExisting PropertiesNot specified112,496 sqftAED 622/sqftAED 70,000,000
4 Aug 2011Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified25,775 sqftAED 1,862/sqftAED 48,000,000
17 Aug 2011Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified33,579 sqftAED 1,221/sqftAED 41,000,000
16 Aug 2011Al Murqabat—BuildingExisting PropertiesNot specified8,066 sqftAED 4,153/sqftAED 33,500,000
18 Aug 2011Um Hurair Second—Dubai Health Care City Phase 1LandExisting PropertiesNot specified35,639 sqftAED 714/sqftAED 25,446,246
17 Aug 2011Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified29,122 sqftAED 816/sqftAED 23,750,000
8 Aug 2011Al Ttay—Al Khawaneej Labour CityLandExisting PropertiesNot specified20,000 sqftAED 1,172/sqftAED 23,436,960
8 Aug 2011Al Ttay—Al Khawaneej Labour CityLandExisting PropertiesNot specified20,000 sqftAED 1,172/sqftAED 23,436,960
16 Aug 2011Al Nahda Second—BuildingExisting PropertiesNot specified17,497 sqftAED 1,303/sqftAED 22,800,000

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.