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Quarterly report

Dubai property market — Q1 2011

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2011. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales8,320Registered in Q1 2011down33.4% vs a year earlier
Total valueAED 17.36BRegistered in Q1 2011Across 103 communities
Price per sqftAED 802/sqftMedian across Q1 2011down12.6% vs a year earlier
Sale priceAED 1.08MMedian across Q1 20117% sold off-plan

In a sentence

The Land Department registered 8,320 property sales in Q1 2011, worth AED 17.36B in total, across 103 communities. That is 33% fewer than the same quarter a year earlier.

The median sale was AED 1,080,300 at AED 802/sqft, 12.6% below the same quarter last year. 7% of sales were off-plan.

Marsa Dubai was the busiest community with 1,570 registered sales, while Burj Khalifa took the most money at AED 2.46B.

Against the previous quarter, Al Hebiah First rose 1,260% to 721 sales, while Al Hebiah Fourth fell 52% to 101.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2011, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,570+91.2%AED 2.17BAED 1.16MAED 972/sqft7%
Al Thanyah Fifth972+18.7%AED 1.06BAED 789KAED 730/sqft18%
Al Thanyah Third856+225.5%AED 1.96BAED 1.18MAED 1,130/sqft0%
Al Warsan First729+39.4%AED 235.11MAED 285KAED 418/sqft1%
Al Hebiah First721+1260.4%AED 662.52MAED 747KAED 500/sqft1%
Burj Khalifa714+21.8%AED 2.46BAED 2.08MAED 1,578/sqft3%
Palm Jumeirah581+65.1%AED 1.87BAED 2.63MAED 1,326/sqft9%
Business Bay395+51.9%AED 1.04BAED 1.50MAED 1,074/sqft12%
Al Thanayah Fourth271+29.0%AED 627.67MAED 1.50MAED 399/sqft0%
Nadd Hessa249-6.7%AED 228.87MAED 615KAED 755/sqft4%
Al Barsha South Fourth236+105.2%AED 160.15MAED 589KAED 724/sqft26%
Wadi Al Safa 6167+21.9%AED 409.10MAED 2.19MAED 434/sqft0%
Jabal Ali First143+120.0%AED 48.26MAED 320KAED 402/sqft22%
Al Hebiah Fourth101-51.9%AED 228.51MAED 1.57MAED 636/sqft37%
Wadi Al Safa 5100+78.6%AED 288.97MAED 1.27MAED 193/sqft5%

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
Burj KhalifaAED 2.46B714
Marsa DubaiAED 2.17B1,570
Al Thanyah ThirdAED 1.96B856
Palm JumeirahAED 1.87B581
World IslandsAED 1.25B1
Al Thanyah FifthAED 1.06B972
Business BayAED 1.04B395
Al Hebiah FirstAED 662.52M721
Al Thanayah FourthAED 627.67M271
Wadi Al Safa 6AED 409.10M167

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Al Hebiah First721+1260.4%
Al Thanyah Third856+225.5%
Jabal Ali First143+120.0%
Al Barsha South Fourth236+105.2%
Marsa Dubai1,570+91.2%
Wadi Al Safa 5100+78.6%
Palm Jumeirah581+65.1%
Business Bay395+51.9%
Al Hebiah Fourth101-51.9%
Me'Aisem First81+50.0%

The largest sales of Q1 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
19 Jan 2011World Islands—The WorldLandExisting PropertiesNot specified20,117,947 sqftAED 62/sqftAED 1,247,540,931
10 Jan 2011Business Bay—Business BayBuildingExisting PropertiesNot specified187,319 sqftAED 2,104/sqftAED 394,178,400
31 Jan 2011Al Safouh Second—Site AVillaExisting PropertiesNot specified928,723 sqftAED 258/sqftAED 240,000,000
17 Mar 2011Al Goze Third—BuildingExisting PropertiesNot specified147,651 sqftAED 1,016/sqftAED 150,000,000
20 Jan 2011Mankhool—BuildingExisting PropertiesNot specified28,827 sqftAED 3,122/sqftAED 90,000,000
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified6,016 sqftAED 13,942/sqftAED 83,879,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 14,191/sqftAED 71,270,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 14,048/sqftAED 70,553,888
28 Mar 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified5,022 sqftAED 13,904/sqftAED 69,830,888
12 Jan 2011Bukadra—LandExisting PropertiesNot specified30,516 sqftAED 2,000/sqftAED 61,030,000

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.