← All reports

Monthly report

Dubai property market — May 2012

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

Sales3,321Registered in May 2012up43.5% vs a year earlier
Total valueAED 6.61BRegistered in May 2012Across 89 communities
Price per sqftAED 777/sqftMedian across May 2012down4.1% vs a year earlier
Sale priceAED 1.09MMedian across May 201211% sold off-plan

In a sentence

The Land Department registered 3,321 property sales in May 2012, worth AED 6.61B in total, across 89 communities. That is 43% more than the same month a year earlier.

The median sale was AED 1,091,316 at AED 777/sqft, 4.1% below the same month last year. 11% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 796 registered sales, and also took the most money at AED 916.88M.

Against the previous month, Nadd Hessa rose 40% to 112 sales, while Al Barsha South Fourth fell 64% to 91.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth796+37.0%AED 916.88MAED 783KAED 734/sqft4%
Marsa Dubai496+8.5%AED 775.60MAED 1.30MAED 1,010/sqft21%
Business Bay311+1.0%AED 476.45MAED 1.24MAED 1,144/sqft34%
Burj Khalifa223+25.3%AED 536.27MAED 1.84MAED 1,593/sqft15%
Al Warsan First194+22.0%AED 49.84MAED 217KAED 345/sqft0%
Palm Jumeirah181-23.0%AED 652.64MAED 2.65MAED 1,202/sqft24%
Al Thanyah Third135+14.4%AED 197.41MAED 1.02MAED 876/sqft0%
Nadd Hessa112+40.0%AED 94.05MAED 556KAED 667/sqft2%
Al Thanayah Fourth110+7.8%AED 413.08MAED 1.79MAED 596/sqft0%
Wadi Al Safa 598+18.1%AED 117.52MAED 731KAED 638/sqft1%
Al Barsha South Fifth91+160.0%AED 120.72MAED 1.44MAED 261/sqft1%
Al Barsha South Fourth91-63.9%AED 160.26MAED 900KAED 530/sqft11%
Wadi Al Safa 676+137.5%AED 200.72MAED 2.38MAED 521/sqft0%
Jabal Ali First63-1.6%AED 55.30MAED 300KAED 550/sqft0%
Al Hebiah Fourth32-65.6%AED 77.84MAED 2.73MAED 554/sqft22%

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
Al Thanyah FifthAED 916.88M796
Marsa DubaiAED 775.60M496
Palm JumeirahAED 652.64M181
Burj KhalifaAED 536.27M223
Business BayAED 476.45M311
Al Thanayah FourthAED 413.08M110
Trade Center SecondAED 355.12M9
Wadi Al Safa 6AED 200.72M76
Al Thanyah ThirdAED 197.41M135
Al Barsha South FourthAED 160.26M91

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
Al Barsha South Fourth91-63.9%
Nadd Hessa112+40.0%
Al Thanyah Fifth796+37.0%
Burj Khalifa223+25.3%
Palm Jumeirah181-23.0%
Al Warsan First194+22.0%
Wadi Al Safa 598+18.1%
Al Thanyah Third135+14.4%
Marsa Dubai496+8.5%
Al Thanayah Fourth110+7.8%

The largest sales of May 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
17 May 2012Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 12,500/sqftAED 312,500,000
23 May 2012Al Safouh Second—Site ALandExisting PropertiesNot specified114,682 sqftAED 1,177/sqftAED 135,000,000
14 May 2012Al Barsha First—BuildingExisting PropertiesNot specified24,251 sqftAED 3,051/sqftAED 74,000,000
30 May 2012Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified26,603 sqftAED 1,992/sqftAED 53,000,000
14 May 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified40,468 sqftAED 1,250/sqftAED 50,584,500
21 May 2012Al Sabkha—BuildingExisting PropertiesNot specified3,300 sqftAED 12,121/sqftAED 40,000,000
14 May 2012Al Nahda Second—BuildingExisting PropertiesNot specified14,989 sqftAED 2,402/sqftAED 36,000,000
1 May 2012Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified35,021 sqftAED 1,021/sqftAED 35,750,000
28 May 2012Nad Al Shiba—City Of ArabiaLandExisting PropertiesNot specified34,752 sqftAED 960/sqftAED 33,377,332
1 May 2012Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified35,021 sqftAED 850/sqftAED 29,767,850

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.