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Quarterly report

Dubai property market — Q2 2011

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2011. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,824Registered in Q2 2011down31.4% vs a year earlier
Total valueAED 15.47BRegistered in Q2 2011Across 98 communities
Price per sqftAED 786/sqftMedian across Q2 2011down4.9% vs a year earlier
Sale priceAED 1.13MMedian across Q2 20119% sold off-plan

In a sentence

The Land Department registered 6,824 property sales in Q2 2011, worth AED 15.47B in total, across 98 communities. That is 31% fewer than the same quarter a year earlier.

The median sale was AED 1,126,444 at AED 786/sqft, 4.9% below the same quarter last year. 9% of sales were off-plan.

Marsa Dubai was the busiest community with 1,380 registered sales, and also took the most money at AED 2.63B.

Against the previous quarter, Wadi Al Safa 5 rose 151% to 251 sales, while Al Hebiah First fell 92% to 57.

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 Q2 2011, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,380-12.1%AED 2.63BAED 1.37MAED 949/sqft12%
Al Thanyah Fifth1,098+13.0%AED 1.03BAED 755KAED 725/sqft7%
Palm Jumeirah462-20.5%AED 1.59BAED 2.71MAED 1,317/sqft17%
Burj Khalifa442-38.1%AED 1.50BAED 2.04MAED 1,682/sqft8%
Business Bay433+9.6%AED 1.65BAED 1.33MAED 1,137/sqft11%
Al Warsan First384-47.3%AED 163.36MAED 250KAED 369/sqft2%
Al Barsha South Fourth373+58.1%AED 312.18MAED 653KAED 702/sqft12%
Al Thanyah Third318-62.9%AED 407.28MAED 900KAED 823/sqft0%
Al Thanayah Fourth286+5.5%AED 796.60MAED 1.60MAED 490/sqft0%
Nadd Hessa264+6.0%AED 269.53MAED 657KAED 704/sqft17%
Wadi Al Safa 5251+151.0%AED 195.77MAED 581KAED 662/sqft0%
Wadi Al Safa 6185+10.8%AED 497.47MAED 2.30MAED 397/sqft0%
Al Hebiah Fourth136+34.7%AED 287.54MAED 1.06MAED 867/sqft53%
Jabal Ali First120-16.1%AED 730.36MAED 337KAED 456/sqft0%
Al Barsha South Fifth63+6.8%AED 88.26MAED 1.45MAED 219/sqft3%

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 2.63B1,380
Business BayAED 1.65B433
Palm JumeirahAED 1.59B462
Burj KhalifaAED 1.50B442
Al Thanyah FifthAED 1.03B1,098
Al Thanayah FourthAED 796.60M286
Jabal Ali FirstAED 730.36M120
Wadi Al Safa 6AED 497.47M185
Al Thanyah ThirdAED 407.28M318
Al Barsha South FourthAED 312.18M373

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
Wadi Al Safa 5251+151.0%
Al Hebiah First57-92.1%
Al Thanyah Third318-62.9%
Al Barsha South Fourth373+58.1%
Al Warsan First384-47.3%
Burj Khalifa442-38.1%
Al Hebiah Fourth136+34.7%
Palm Jumeirah462-20.5%
Jabal Ali First120-16.1%
Al Thanyah Fifth1,098+13.0%

The largest sales of Q2 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
18 May 2011Business BayU-BORA TOWERSBusiness BayBuildingExisting PropertiesNot specified1,723,935 sqftAED 574/sqftAED 989,327,460
9 May 2011Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified47,415 sqftAED 6,749/sqftAED 320,000,000
29 Jun 2011Jabal Ali Industrial Third—LandExisting PropertiesNot specified483,863 sqftAED 352/sqftAED 170,300,000
1 Jun 2011Um Hurair Second—BuildingExisting PropertiesNot specified48,800 sqftAED 2,894/sqftAED 141,202,800
17 May 2011Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified65,857 sqftAED 1,536/sqftAED 101,180,800
16 May 2011Port Saeed—BuildingExisting PropertiesNot specified23,111 sqftAED 3,786/sqftAED 87,500,000
11 Apr 2011Jabal Ali Industrial SecondSamana Business HubDown Town Jabal AliLandExisting PropertiesNot specified29,638 sqftAED 2,660/sqftAED 78,841,000
2 May 2011Marsa DubaiTRIDENT GRANDDubai MarinaShopOff-Plan PropertiesShop57,815 sqftAED 1,332/sqftAED 77,000,000
23 May 2011Me'Aisem First—International Media Production ZoneLandExisting PropertiesNot specified108,794 sqftAED 690/sqftAED 75,067,860
27 Jun 2011Naif—BuildingExisting PropertiesNot specified11,548 sqftAED 5,456/sqftAED 63,000,000

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.