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Monthly report

Dubai property market — July 2012

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

Sales3,016Registered in July 2012up19.7% vs a year earlier
Total valueAED 5.80BRegistered in July 2012Across 77 communities
Price per sqftAED 835/sqftMedian across July 2012up3.7% vs a year earlier
Sale priceAED 1.12MMedian across July 201212% sold off-plan

In a sentence

The Land Department registered 3,016 property sales in July 2012, worth AED 5.80B in total, across 77 communities. That is 20% more than the same month a year earlier.

The median sale was AED 1,121,880 at AED 835/sqft, 3.7% above the same month last year. 12% of sales were off-plan.

Marsa Dubai was the busiest community with 448 registered sales, and also took the most money at AED 687.23M.

Against the previous month, Al Thanyah Third rose 77% to 252 sales, while Palm Jumeirah fell 10% to 116.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai448+17.9%AED 687.23MAED 1.20MAED 1,008/sqft9%
Al Thanyah Fifth441+15.4%AED 605.67MAED 896KAED 749/sqft1%
Business Bay281+30.7%AED 414.84MAED 1.22MAED 1,145/sqft6%
Al Thanyah Third252+77.5%AED 387.74MAED 1.35MAED 987/sqft57%
Al Warsan First203-2.4%AED 151.81MAED 245KAED 388/sqft0%
Burj Khalifa187+16.9%AED 535.95MAED 1.76MAED 1,403/sqft13%
Palm Jumeirah116-10.1%AED 388.71MAED 2.42MAED 1,282/sqft20%
Al Barsha South Fourth111-6.7%AED 105.80MAED 814KAED 818/sqft3%
Al Thanayah Fourth102+14.6%AED 361.67MAED 1.90MAED 611/sqft0%
Jabal Ali First97+16.9%AED 67.25MAED 357KAED 559/sqft0%
Wadi Al Safa 287+1350.0%AED 71.93MAED 598KAED 548,385/sqft93%
Nadd Hessa80-7.0%AED 94.31MAED 918KAED 741/sqft19%
Wadi Al Safa 572-7.7%AED 87.49MAED 773KAED 380/sqft0%
Al Hebiah Fourth68+195.7%AED 126.33MAED 1.14MAED 722/sqft13%
Wadi Al Safa 663+28.6%AED 199.49MAED 2.97MAED 535/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
Marsa DubaiAED 687.23M448
Al Thanyah FifthAED 605.67M441
Burj KhalifaAED 535.95M187
Business BayAED 414.84M281
Palm JumeirahAED 388.71M116
Al Thanyah ThirdAED 387.74M252
Al Thanayah FourthAED 361.67M102
Jabal AliAED 246.95M16
Wadi Al Safa 6AED 199.49M63
Port SaeedAED 164.94M34

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 Thanyah Third252+77.5%
Business Bay281+30.7%
Marsa Dubai448+17.9%
Burj Khalifa187+16.9%
Jabal Ali First97+16.9%
Al Thanyah Fifth441+15.4%
Al Thanayah Fourth102+14.6%
Palm Jumeirah116-10.1%
Wadi Al Safa 572-7.7%
Nadd Hessa80-7.0%

The largest sales of July 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
3 Jul 2012Port Saeed—BuildingExisting PropertiesNot specified42,140 sqftAED 2,990/sqftAED 126,000,000
26 Jul 2012Al Nahda First—BuildingExisting PropertiesNot specified31,558 sqftAED 3,169/sqftAED 100,000,000
26 Jul 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified232,393 sqftAED 430/sqftAED 100,000,000
3 Jul 2012Al Warsan First—International City Phase 1BuildingExisting PropertiesNot specified1,727,842 sqftAED 52/sqftAED 90,000,000
4 Jul 2012Al Barsha First—BuildingExisting PropertiesNot specified24,251 sqftAED 3,587/sqftAED 87,000,000
5 Jul 2012Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified50,366 sqftAED 1,108/sqftAED 55,792,246
23 Jul 2012Al Dhagaya—LandExisting PropertiesNot specified6,337 sqftAED 7,890/sqftAED 50,000,000
16 Jul 2012Um Suqaim First—VillaExisting PropertiesNot specified64,148 sqftAED 569/sqftAED 36,500,000
10 Jul 2012Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified14,475 sqftAED 2,245/sqftAED 32,500,000
11 Jul 2012Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified31,651 sqftAED 991/sqftAED 31,360,000

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.