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Monthly report

Dubai property market — December 2011

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

Sales2,711Registered in December 2011up79.7% vs a year earlier
Total valueAED 4.75BRegistered in December 2011Across 73 communities
Price per sqftAED 827/sqftMedian across December 2011up4.1% vs a year earlier
Sale priceAED 978KMedian across December 20118% sold off-plan

In a sentence

The Land Department registered 2,711 property sales in December 2011, worth AED 4.75B in total, across 73 communities. That is 80% more than the same month a year earlier.

The median sale was AED 978,462 at AED 827/sqft, 4.1% above the same month last year. 8% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 512 registered sales, while Marsa Dubai took the most money at AED 867.15M.

Against the previous month, Business Bay rose 108% to 262 sales.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth512+24.6%AED 491.03MAED 742KAED 723/sqft7%
Marsa Dubai438+56.4%AED 867.15MAED 1.40MAED 1,025/sqft6%
Business Bay262+107.9%AED 361.21MAED 1.17MAED 1,209/sqft2%
Me'Aisem First161+75.0%AED 132.31MAED 561KAED 1,017/sqft2%
Wadi Al Safa 5147+63.3%AED 125.70MAED 686KAED 683/sqft0%
Al Warsan First144+35.8%AED 46.80MAED 250KAED 368/sqft5%
Burj Khalifa139+21.9%AED 483.35MAED 2.25MAED 1,633/sqft6%
Al Barsha South Fourth123+200.0%AED 177.59MAED 1.08MAED 925/sqft7%
Jabal Ali First109+275.9%AED 47.20MAED 341KAED 607/sqft0%
Palm Jumeirah109+36.3%AED 417.53MAED 2.85MAED 1,330/sqft17%
Al Thanyah Third103+15.7%AED 167.90MAED 1.00MAED 807/sqft0%
Al Hebiah Fifth74+252.4%AED 69.43MAED 933KAED 917/sqft100%
Al Thanayah Fourth71+20.3%AED 232.19MAED 1.82MAED 504/sqft0%
Nadd Hessa71+22.4%AED 64.82MAED 568KAED 732/sqft13%
Wadi Al Safa 636+20.0%AED 84.30MAED 2.00MAED 471/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
Marsa DubaiAED 867.15M438
Al Thanyah FifthAED 491.03M512
Burj KhalifaAED 483.35M139
Palm JumeirahAED 417.53M109
Business BayAED 361.21M262
Al Thanayah FourthAED 232.19M71
Al Safouh SecondAED 186.92M4
Al Barsha South FourthAED 177.59M123
Al Thanyah ThirdAED 167.90M103
Me'Aisem FirstAED 132.31M161

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 Bay262+107.9%
Me'Aisem First161+75.0%
Wadi Al Safa 5147+63.3%
Marsa Dubai438+56.4%
Palm Jumeirah109+36.3%
Al Warsan First144+35.8%
Al Thanyah Fifth512+24.6%
Nadd Hessa71+22.4%
Burj Khalifa139+21.9%
Al Thanayah Fourth71+20.3%

The largest sales of December 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
12 Dec 2011Al Safouh Second—Site ABuildingExisting PropertiesNot specified35,339 sqftAED 2,182/sqftAED 77,093,959
12 Dec 2011Marsa Dubai—TECOM Site DBuildingExisting PropertiesNot specified66,994 sqftAED 1,141/sqftAED 76,465,890
15 Dec 2011Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified29,734 sqftAED 2,186/sqftAED 65,000,000
26 Dec 2011Muhaisanah Fourth—BuildingExisting PropertiesNot specified25,590 sqftAED 2,345/sqftAED 60,000,000
12 Dec 2011Al Safouh Second—Site ABuildingExisting PropertiesNot specified26,679 sqftAED 2,060/sqftAED 54,958,297
12 Dec 2011Al Safouh Second—Site ABuildingExisting PropertiesNot specified20,777 sqftAED 1,826/sqftAED 37,947,744
28 Dec 2011Al Qusais Industrial Fifth—BuildingExisting PropertiesNot specified13,664 sqftAED 2,744/sqftAED 37,500,000
5 Dec 2011Al Raffa—BuildingExisting PropertiesNot specified23,762 sqftAED 1,175/sqftAED 27,920,350
15 Dec 2011Dubai Investment Park SecondDUNES VILLAGEDubai Investment Park SecondBuildingExisting PropertiesNot specified53,770 sqftAED 469/sqftAED 25,200,000
20 Dec 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiFlatOff-Plan Properties2 B/R2,237 sqftAED 10,512/sqftAED 23,514,941

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.