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Monthly report

Dubai property market — August 2012

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

Sales1,960Registered in August 2012up1.3% vs a year earlier
Total valueAED 3.48BRegistered in August 2012Across 63 communities
Price per sqftAED 771/sqftMedian across August 2012down4.1% vs a year earlier
Sale priceAED 1.13MMedian across August 201213% sold off-plan

In a sentence

The Land Department registered 1,960 property sales in August 2012, worth AED 3.48B in total, across 63 communities. That is 1% more than the same month a year earlier.

The median sale was AED 1,132,433 at AED 771/sqft, 4.1% below the same month last year. 13% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 281 registered sales, while Marsa Dubai took the most money at AED 405.64M.

Against the previous month, Wadi Al Safa 5 rose 68% to 121 sales, while Al Thanyah Third fell 65% to 89.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth281-36.3%AED 399.07MAED 886KAED 702/sqft3%
Marsa Dubai275-38.6%AED 405.64MAED 1.14MAED 970/sqft21%
Business Bay187-33.5%AED 275.02MAED 1.22MAED 1,200/sqft21%
Al Warsan First139-31.5%AED 40.86MAED 245KAED 400/sqft0%
Burj Khalifa127-32.1%AED 284.11MAED 1.88MAED 1,466/sqft34%
Wadi Al Safa 5121+68.1%AED 197.03MAED 1.56MAED 107/sqft0%
Al Barsha South Fourth102-8.1%AED 91.62MAED 714KAED 768/sqft2%
Al Thanyah Third89-64.7%AED 120.38MAED 1.00MAED 1,045/sqft8%
Palm Jumeirah76-34.5%AED 302.75MAED 2.42MAED 1,271/sqft16%
Al Thanayah Fourth59-42.2%AED 169.55MAED 2.30MAED 678/sqft0%
Al Hebiah Fifth54+980.0%AED 47.72MAED 756KAED 931/sqft0%
Al Hebiah Fourth50-26.5%AED 66.33MAED 744KAED 748/sqft40%
Nadd Hessa47-41.3%AED 47.69MAED 520KAED 650/sqft19%
Al Thanyah First43+95.5%AED 45.42MAED 702KAED 502/sqft67%
Wadi Al Safa 638-39.7%AED 115.22MAED 2.94MAED 490/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 405.64M275
Al Thanyah FifthAED 399.07M281
Palm JumeirahAED 302.75M76
Burj KhalifaAED 284.11M127
Business BayAED 275.02M187
Wadi Al Safa 5AED 197.03M121
Al Thanayah FourthAED 169.55M59
Al Thanyah ThirdAED 120.38M89
Wadi Al Safa 6AED 115.22M38
Al JadafAED 91.74M14

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
Wadi Al Safa 5121+68.1%
Al Thanyah Third89-64.7%
Al Thanayah Fourth59-42.2%
Marsa Dubai275-38.6%
Al Thanyah Fifth281-36.3%
Palm Jumeirah76-34.5%
Business Bay187-33.5%
Burj Khalifa127-32.1%
Al Warsan First139-31.5%
Al Hebiah Fourth50-26.5%

The largest sales of August 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
13 Aug 2012Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified635,684 sqftAED 56/sqftAED 35,844,748
29 Aug 2012Jabal Ali—LandExisting PropertiesNot specified13,619 sqftAED 2,577/sqftAED 35,100,973
16 Aug 2012Dubai Investment Park Second—Dubai Investment Park SecondBuildingExisting PropertiesNot specified898,694 sqftAED 36/sqftAED 32,790,254
28 Aug 2012Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified13,398 sqftAED 2,105/sqftAED 28,200,000
15 Aug 2012Palm Jumeirah—Palm JumeirahVillaExisting PropertiesNot specified13,398 sqftAED 1,679/sqftAED 22,500,000
22 Aug 2012Burj KhalifaAL SAAHADownTown DubaiOfficeExisting PropertiesOffice6,049 sqftAED 3,369/sqftAED 20,380,888
6 Aug 2012Wadi Al Safa 3—Al BarariVillaExisting PropertiesNot specified16,426 sqftAED 1,126/sqftAED 18,500,000
16 Aug 2012Al Saffa Second—VillaExisting PropertiesNot specified39,854 sqftAED 452/sqftAED 18,000,000
7 Aug 2012Wadi Al Safa 3—Al BarariVillaExisting PropertiesNot specified17,871 sqftAED 1,007/sqftAED 18,000,000
23 Aug 2012Al Safouh Second—Site ABuildingExisting PropertiesNot specified26,981 sqftAED 654/sqftAED 17,653,461

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.