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Monthly report

Dubai property market — February 2012

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

Sales2,785Registered in February 2012
Total valueAED 5.33BRegistered in February 2012Across 79 communities
Price per sqftAED 792/sqftMedian across February 2012up0.7% vs a year earlier
Sale priceAED 1.00MMedian across February 20129% sold off-plan

In a sentence

The Land Department registered 2,785 property sales in February 2012, worth AED 5.33B in total, across 79 communities. That is 0% more than the same month a year earlier.

The median sale was AED 1,000,000 at AED 792/sqft, 0.7% above the same month last year. 9% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 480 registered sales, while Marsa Dubai took the most money at AED 911.57M.

Against the previous month, Nadd Hessa rose 88% to 179 sales, while Al Barsha South Fourth fell 47% to 78.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth480-4.2%AED 437.23MAED 714KAED 730/sqft9%
Marsa Dubai456+28.5%AED 911.57MAED 1.33MAED 918/sqft16%
Business Bay261+6.5%AED 483.77MAED 1.43MAED 1,217/sqft8%
Nadd Hessa179+88.4%AED 108.07MAED 494KAED 616/sqft8%
Wadi Al Safa 5157+37.7%AED 151.16MAED 598KAED 662/sqft0%
Al Warsan First134-8.2%AED 37.16MAED 240KAED 368/sqft5%
Palm Jumeirah126+2.4%AED 554.30MAED 2.84MAED 1,311/sqft7%
Burj Khalifa113+31.4%AED 413.60MAED 1.78MAED 1,290/sqft8%
Me'Aisem First113-33.5%AED 75.63MAED 547KAED 1,019/sqft3%
Al Thanyah Third112+7.7%AED 133.20MAED 994KAED 884/sqft0%
Jabal Ali First84+71.4%AED 58.36MAED 469KAED 771/sqft0%
Al Barsha South Fifth82+645.5%AED 122.91MAED 1.49MAED 218/sqft0%
Al Thanayah Fourth82+30.2%AED 282.13MAED 2.06MAED 578/sqft0%
Al Barsha South Fourth78-47.3%AED 100.69MAED 1.00MAED 823/sqft13%
Al Hebiah Fourth53+47.2%AED 64.11MAED 781KAED 807/sqft51%

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 911.57M456
Palm JumeirahAED 554.30M126
Business BayAED 483.77M261
Al Thanyah FifthAED 437.23M480
Burj KhalifaAED 413.60M113
Al Thanayah FourthAED 282.13M82
Trade Center FirstAED 160.00M1
Wadi Al Safa 5AED 151.16M157
Al JadafAED 134.35M7
Al Thanyah ThirdAED 133.20M112

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
Nadd Hessa179+88.4%
Al Barsha South Fourth78-47.3%
Wadi Al Safa 5157+37.7%
Me'Aisem First113-33.5%
Burj Khalifa113+31.4%
Al Thanayah Fourth82+30.2%
Marsa Dubai456+28.5%
Al Warsan First134-8.2%
Al Thanyah Third112+7.7%
Business Bay261+6.5%

The largest sales of February 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
20 Feb 2012Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 16,000/sqftAED 160,000,000
7 Feb 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified58,926 sqftAED 1,600/sqftAED 94,281,250
27 Feb 2012Port Saeed—BuildingExisting PropertiesNot specified23,103 sqftAED 3,463/sqftAED 80,000,000
21 Feb 2012Rega Al Buteen—BuildingExisting PropertiesNot specified7,640 sqftAED 10,079/sqftAED 77,000,000
22 Feb 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified788,348 sqftAED 87/sqftAED 68,500,000
22 Feb 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified777,413 sqftAED 88/sqftAED 68,500,000
22 Feb 2012Wadi Al Safa 4—City Of ArabiaLandExisting PropertiesNot specified45,250 sqftAED 1,017/sqftAED 46,000,000
7 Feb 2012Al Murqabat—BuildingExisting PropertiesNot specified9,925 sqftAED 3,728/sqftAED 37,000,000
8 Feb 2012Al Barsha First—BuildingExisting PropertiesNot specified11,382 sqftAED 2,899/sqftAED 33,000,000
28 Feb 2012Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified13,398 sqftAED 2,090/sqftAED 28,000,000

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.