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Quarterly report

Dubai property market — Q3 2011

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2011. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales6,276Registered in Q3 2011down3.3% vs a year earlier
Total valueAED 12.01BRegistered in Q3 2011Across 99 communities
Price per sqftAED 820/sqftMedian across Q3 2011down3.4% vs a year earlier
Sale priceAED 1.08MMedian across Q3 201112% sold off-plan

In a sentence

The Land Department registered 6,276 property sales in Q3 2011, worth AED 12.01B in total, across 99 communities. That is 3% fewer than the same quarter a year earlier.

The median sale was AED 1,078,025 at AED 820/sqft, 3.4% below the same quarter last year. 12% of sales were off-plan.

Marsa Dubai was the busiest community with 1,240 registered sales, and also took the most money at AED 2.12B.

Against the previous quarter, Business Bay rose 38% to 597 sales, while Al Barsha South Fourth fell 53% to 175.

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 Q3 2011, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,240-10.1%AED 2.12BAED 1.23MAED 967/sqft11%
Al Thanyah Fifth1,122+2.2%AED 1.12BAED 715KAED 776/sqft7%
Business Bay597+37.9%AED 885.13MAED 1.28MAED 1,099/sqft27%
Burj Khalifa372-15.8%AED 1.19BAED 1.72MAED 1,458/sqft5%
Al Warsan First326-15.1%AED 138.73MAED 213KAED 347/sqft4%
Al Thanyah Third290-8.8%AED 419.33MAED 1.08MAED 810/sqft0%
Palm Jumeirah287-37.9%AED 1.07BAED 2.59MAED 1,169/sqft15%
Wadi Al Safa 5272+8.4%AED 299.24MAED 721KAED 660/sqft0%
Al Thanayah Fourth236-17.5%AED 658.68MAED 1.61MAED 461/sqft0%
Al Barsha South Fourth175-53.1%AED 285.86MAED 627KAED 687/sqft29%
Jabal Ali First158+31.7%AED 98.43MAED 330KAED 579/sqft0%
Wadi Al Safa 6153-17.3%AED 389.99MAED 2.50MAED 445/sqft0%
Me'Aisem First138+253.8%AED 102.76MAED 535KAED 984/sqft2%
Nadd Hessa124-53.0%AED 107.55MAED 583KAED 651/sqft31%
Al Hebiah Fourth122-10.3%AED 179.33MAED 1.02MAED 718/sqft52%

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 2.12B1,240
Burj KhalifaAED 1.19B372
Al Thanyah FifthAED 1.12B1,122
Palm JumeirahAED 1.07B287
Business BayAED 885.13M597
Al Thanayah FourthAED 658.68M236
Al Thanyah ThirdAED 419.33M290
Wadi Al Safa 6AED 389.99M153
Wadi Al Safa 5AED 299.24M272
Al Barsha South FourthAED 285.86M175

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 Barsha South Fourth175-53.1%
Nadd Hessa124-53.0%
Palm Jumeirah287-37.9%
Business Bay597+37.9%
Al Thanyah First79+31.7%
Jabal Ali First158+31.7%
Al Barsha South Fifth50-20.6%
Al Thanayah Fourth236-17.5%
Wadi Al Safa 6153-17.3%
Burj Khalifa372-15.8%

The largest sales of Q3 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 Sept 2011Marsa DubaiShams 1Jumeriah Beach Residence - JBRFlatExisting Properties1 B/R1,342 sqftAED 253,447/sqftAED 340,000,000
3 Aug 2011Naif—BuildingExisting PropertiesNot specified31,835 sqftAED 6,282/sqftAED 200,000,000
25 Jul 2011Bukadra—BuildingExisting PropertiesNot specified73,203 sqftAED 2,000/sqftAED 146,406,000
21 Jul 2011Wadi Al Safa 2—Falcon CityLandExisting PropertiesNot specified787,680 sqftAED 172/sqftAED 135,635,345
6 Sept 2011Al Qusais Industrial Second—BuildingExisting PropertiesNot specified29,200 sqftAED 2,568/sqftAED 75,000,000
22 Aug 2011Burj KhalifaPLATINUM TOWERBusiness BayLandExisting PropertiesNot specified112,496 sqftAED 622/sqftAED 70,000,000
13 Jul 2011Al JadafDUBAI DIGITAL CENTERSama Al JadafLandExisting PropertiesNot specified44,393 sqftAED 1,443/sqftAED 64,049,950
29 Sept 2011Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified28,155 sqftAED 2,156/sqftAED 60,707,900
14 Jul 2011Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified4,527 sqftAED 12,181/sqftAED 55,146,888
21 Jul 2011World Islands—The WorldLandExisting PropertiesNot specified437,469 sqftAED 126/sqftAED 54,925,000

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.