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Monthly report

Dubai property market — March 2012

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

Sales2,476Registered in March 2012down13.9% vs a year earlier
Total valueAED 4.88BRegistered in March 2012Across 77 communities
Price per sqftAED 802/sqftMedian across March 2012up2.6% vs a year earlier
Sale priceAED 1.09MMedian across March 201211% sold off-plan

In a sentence

The Land Department registered 2,476 property sales in March 2012, worth AED 4.88B in total, across 77 communities. That is 14% fewer than the same month a year earlier.

The median sale was AED 1,089,350 at AED 802/sqft, 2.6% above the same month last year. 11% of sales were off-plan.

Marsa Dubai was the busiest community with 469 registered sales, while Palm Jumeirah took the most money at AED 917.37M.

Against the previous month, Burj Khalifa rose 77% to 200 sales, while Nadd Hessa fell 64% to 64.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai469+2.9%AED 748.57MAED 1.20MAED 952/sqft14%
Al Thanyah Fifth394-17.9%AED 441.53MAED 681KAED 687/sqft11%
Business Bay235-10.0%AED 337.96MAED 1.16MAED 1,205/sqft5%
Burj Khalifa200+77.0%AED 520.23MAED 1.56MAED 1,559/sqft32%
Palm Jumeirah190+50.8%AED 917.37MAED 2.90MAED 1,153/sqft12%
Al Warsan First164+22.4%AED 49.67MAED 231KAED 365/sqft3%
Al Thanyah Third116+3.6%AED 150.16MAED 943KAED 828/sqft0%
Wadi Al Safa 5108-31.2%AED 107.07MAED 598KAED 660/sqft0%
Al Thanayah Fourth75-8.5%AED 212.23MAED 1.82MAED 558/sqft0%
Nadd Hessa64-64.2%AED 46.68MAED 443KAED 730/sqft8%
Me'Aisem First55-51.3%AED 33.78MAED 530KAED 910/sqft16%
Al Hebiah Fourth54+1.9%AED 72.18MAED 1.02MAED 748/sqft65%
Al Barsha South Fourth49-37.2%AED 46.99MAED 828KAED 846/sqft2%
Jabal Ali First47-44.0%AED 37.55MAED 380KAED 512/sqft0%
Wadi Al Safa 639-15.2%AED 105.23MAED 2.21MAED 480/sqft0%

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
Palm JumeirahAED 917.37M190
Marsa DubaiAED 748.57M469
Burj KhalifaAED 520.23M200
Al Thanyah FifthAED 441.53M394
Business BayAED 337.96M235
Al Thanayah FourthAED 212.23M75
Al Thanyah ThirdAED 150.16M116
Al Thanyah FirstAED 110.48M17
Wadi Al Safa 5AED 107.07M108
Wadi Al Safa 6AED 105.23M39

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 Khalifa200+77.0%
Nadd Hessa64-64.2%
Me'Aisem First55-51.3%
Palm Jumeirah190+50.8%
Wadi Al Safa 5108-31.2%
Al Warsan First164+22.4%
Al Thanyah Fifth394-17.9%
Business Bay235-10.0%
Al Thanayah Fourth75-8.5%
Al Thanyah Third116+3.6%

The largest sales of March 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
7 Mar 2012Al Mamzer—BuildingExisting PropertiesNot specified24,811 sqftAED 3,708/sqftAED 92,000,000
5 Mar 2012Burj Khalifa—LandExisting PropertiesNot specified40,000 sqftAED 1,925/sqftAED 77,000,000
12 Mar 2012Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified29,063 sqftAED 2,168/sqftAED 63,000,000
5 Mar 2012Hor Al Anz East—BuildingExisting PropertiesNot specified30,424 sqftAED 1,972/sqftAED 60,000,000
15 Mar 2012Al Nahda Second—BuildingExisting PropertiesNot specified20,149 sqftAED 2,482/sqftAED 50,000,000
8 Mar 2012Nad Al Shiba—MajanLandExisting PropertiesNot specified44,606 sqftAED 942/sqftAED 42,040,814
27 Mar 2012Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified31,500 sqftAED 1,243/sqftAED 39,158,000
6 Mar 2012Madinat Al Mataar—Dubai South Residential DistrictLandExisting PropertiesNot specified48,157 sqftAED 773/sqftAED 37,233,769
26 Mar 2012Al Barsha First—BuildingExisting PropertiesNot specified13,269 sqftAED 2,374/sqftAED 31,500,000
28 Mar 2012Palm Jumeirah—Palm JumeirahLandExisting PropertiesNot specified17,760 sqftAED 1,689/sqftAED 30,000,000

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.