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Monthly report

Dubai property market — January 2012

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2012. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales2,556Registered in January 2012down3.9% vs a year earlier
Total valueAED 5.38BRegistered in January 2012Across 85 communities
Price per sqftAED 813/sqftMedian across January 2012down3.1% vs a year earlier
Sale priceAED 1.00MMedian across January 20128% sold off-plan

In a sentence

The Land Department registered 2,556 property sales in January 2012, worth AED 5.38B in total, across 85 communities. That is 4% fewer than the same month a year earlier.

The median sale was AED 1,000,055 at AED 813/sqft, 3.1% below the same month last year. 8% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 501 registered sales, while Marsa Dubai took the most money at AED 899.12M.

Against the previous month, Nadd Hessa rose 34% to 95 sales, while Burj Khalifa fell 38% to 86.

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 January 2012, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth501-2.1%AED 523.87MAED 770KAED 703/sqft6%
Marsa Dubai355-18.9%AED 899.12MAED 1.30MAED 986/sqft14%
Business Bay245-6.5%AED 388.20MAED 1.41MAED 1,320/sqft5%
Me'Aisem First170+5.6%AED 119.20MAED 526KAED 917/sqft6%
Al Barsha South Fourth148+20.3%AED 165.90MAED 889KAED 941/sqft5%
Al Warsan First146+1.4%AED 42.41MAED 250KAED 383/sqft1%
Palm Jumeirah123+12.8%AED 508.77MAED 2.57MAED 1,339/sqft24%
Wadi Al Safa 5114-22.4%AED 137.86MAED 741KAED 670/sqft0%
Al Thanyah Third104+1.0%AED 126.08MAED 800KAED 756/sqft0%
Nadd Hessa95+33.8%AED 57.57MAED 430KAED 701/sqft12%
Burj Khalifa86-38.1%AED 311.64MAED 1.91MAED 1,376/sqft9%
Al Thanyah First68+1260.0%AED 119.53MAED 1.73MAED 1,271/sqft0%
Al Thanayah Fourth63-11.3%AED 235.83MAED 1.88MAED 548/sqft0%
Jabal Ali First49-55.0%AED 34.16MAED 340KAED 518/sqft0%
Al Hebiah Fourth36+24.1%AED 59.77MAED 871KAED 660/sqft58%

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 899.12M355
Al Thanyah FifthAED 523.87M501
Palm JumeirahAED 508.77M123
Business BayAED 388.20M245
Burj KhalifaAED 311.64M86
Um Hurair SecondAED 311.53M2
Al Thanayah FourthAED 235.83M63
Al Barsha South FourthAED 165.90M148
Al RaffaAED 145.00M2
Wadi Al Safa 5AED 137.86M114

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
Burj Khalifa86-38.1%
Nadd Hessa95+33.8%
Wadi Al Safa 5114-22.4%
Al Barsha South Fourth148+20.3%
Marsa Dubai355-18.9%
Palm Jumeirah123+12.8%
Al Thanayah Fourth63-11.3%
Business Bay245-6.5%
Me'Aisem First170+5.6%
Al Thanyah Fifth501-2.1%

The largest sales of January 2012

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 Jan 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified65,083 sqftAED 5,455/sqftAED 355,000,000
19 Jan 2012Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified176,973 sqftAED 1,695/sqftAED 300,000,000
5 Jan 2012Oud Metha—BuildingExisting PropertiesNot specified89,800 sqftAED 1,091/sqftAED 98,000,000
19 Jan 2012Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified8,807 sqftAED 9,358/sqftAED 82,414,416
3 Jan 2012Al Raffa—BuildingExisting PropertiesNot specified18,447 sqftAED 4,337/sqftAED 80,000,000
2 Jan 2012Al Raffa—BuildingExisting PropertiesNot specified9,092 sqftAED 7,149/sqftAED 65,000,000
23 Jan 2012Al Nahda Second—BuildingExisting PropertiesNot specified25,000 sqftAED 2,400/sqftAED 60,000,000
5 Jan 2012Al Khabeesi—BuildingExisting PropertiesNot specified58,000 sqftAED 800/sqftAED 46,400,000
16 Jan 2012Al Murqabat—BuildingExisting PropertiesNot specified40,000 sqftAED 1,075/sqftAED 43,000,000
25 Jan 2012Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified27,863 sqftAED 1,543/sqftAED 43,000,000

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.