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Monthly report

Dubai property market — October 2011

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

Sales2,462Registered in October 2011up15.2% vs a year earlier
Total valueAED 4.47BRegistered in October 2011Across 73 communities
Price per sqftAED 720/sqftMedian across October 2011down11.2% vs a year earlier
Sale priceAED 949KMedian across October 201113% sold off-plan

In a sentence

The Land Department registered 2,462 property sales in October 2011, worth AED 4.47B in total, across 73 communities. That is 15% more than the same month a year earlier.

The median sale was AED 949,169 at AED 720/sqft, 11.2% below the same month last year. 13% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 476 registered sales, while Marsa Dubai took the most money at AED 590.89M.

Against the previous month, Al Warsan First rose 96% to 155 sales, while Palm Jumeirah fell 18% to 94.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth476+52.6%AED 489.38MAED 715KAED 715/sqft8%
Marsa Dubai401+20.8%AED 590.89MAED 1.15MAED 872/sqft7%
Business Bay156-15.2%AED 202.78MAED 1.12MAED 1,094/sqft12%
Al Warsan First155+96.2%AED 41.85MAED 245KAED 354/sqft5%
Burj Khalifa151+19.8%AED 409.54MAED 1.93MAED 1,459/sqft7%
Al Thanyah Third135+48.4%AED 151.79MAED 900KAED 806/sqft0%
Wadi Al Safa 5133+44.6%AED 119.27MAED 598KAED 690/sqft0%
Nadd Hessa114+178.0%AED 93.57MAED 500KAED 640/sqft60%
Al Hebiah Fifth101+288.5%AED 25.05MAED 196KAED 192/sqft100%
Palm Jumeirah94-18.3%AED 428.83MAED 2.83MAED 1,263/sqft7%
Al Thanayah Fourth89+8.5%AED 249.99MAED 1.70MAED 489/sqft0%
Al Barsha South Fourth72+188.0%AED 110.20MAED 1.89MAED 957/sqft13%
Jabal Ali First63+231.6%AED 30.53MAED 353KAED 572/sqft0%
Wadi Al Safa 648+6.7%AED 134.82MAED 2.50MAED 448/sqft0%
Al Hebiah Fourth47+62.1%AED 80.81MAED 949KAED 882/sqft64%

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 590.89M401
Al Thanyah FifthAED 489.38M476
Palm JumeirahAED 428.83M94
Burj KhalifaAED 409.54M151
Al Thanayah FourthAED 249.99M89
Business BayAED 202.78M156
Al JadafAED 170.93M7
Al Thanyah ThirdAED 151.79M135
Wadi Al Safa 6AED 134.82M48
Al Thanyah FirstAED 131.56M11

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 Warsan First155+96.2%
Al Thanyah Fifth476+52.6%
Al Thanyah Third135+48.4%
Wadi Al Safa 5133+44.6%
Marsa Dubai401+20.8%
Burj Khalifa151+19.8%
Palm Jumeirah94-18.3%
Business Bay156-15.2%
Al Thanayah Fourth89+8.5%

The largest sales of October 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
4 Oct 2011Al Thanyah FirstMETRO CENTRALBarsha HeightsBuildingExisting PropertiesNot specified37,123 sqftAED 2,444/sqftAED 90,723,740
3 Oct 2011Al Garhoud—BuildingExisting PropertiesNot specified89,099 sqftAED 786/sqftAED 70,000,000
26 Oct 2011Jumeirah First—VillaExisting PropertiesNot specified106,392 sqftAED 495/sqftAED 52,704,547
10 Oct 2011Um Suqaim First—VillaExisting PropertiesNot specified77,532 sqftAED 593/sqftAED 46,000,000
10 Oct 2011Al Barsha First—BuildingExisting PropertiesNot specified30,947 sqftAED 1,333/sqftAED 41,237,139
26 Oct 2011Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified90,037 sqftAED 437/sqftAED 39,367,300
5 Oct 2011Al Eyas—BuildingExisting PropertiesNot specified916,436 sqftAED 35/sqftAED 32,075,295
13 Oct 2011Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified15,296 sqftAED 2,000/sqftAED 30,592,000
3 Oct 2011Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified57,438 sqftAED 510/sqftAED 29,294,000
13 Oct 2011Al Jadaf—Sama Al JadafLandExisting PropertiesNot specified14,350 sqftAED 2,000/sqftAED 28,700,000

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.