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Monthly report

Dubai property market — September 2012

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

Sales2,836Registered in September 2012up55.7% vs a year earlier
Total valueAED 5.71BRegistered in September 2012Across 71 communities
Price per sqftAED 790/sqftMedian across September 2012down6.8% vs a year earlier
Sale priceAED 951KMedian across September 201211% sold off-plan

In a sentence

The Land Department registered 2,836 property sales in September 2012, worth AED 5.71B in total, across 71 communities. That is 56% more than the same month a year earlier.

The median sale was AED 950,640 at AED 790/sqft, 6.8% below the same month last year. 11% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 460 registered sales, while Marsa Dubai took the most money at AED 941.19M.

Against the previous month, Al Warsan First rose 117% to 302 sales, while Al Barsha South Fourth fell 26% to 75.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth460+63.7%AED 704.49MAED 890KAED 759/sqft2%
Marsa Dubai459+66.9%AED 941.19MAED 1.20MAED 1,076/sqft20%
Al Warsan First302+117.3%AED 122.24MAED 300KAED 497/sqft0%
Business Bay188+0.5%AED 323.04MAED 1.26MAED 1,123/sqft16%
Burj Khalifa143+12.6%AED 321.33MAED 1.80MAED 1,578/sqft29%
Wadi Al Safa 5139+14.9%AED 138.12MAED 735KAED 651/sqft0%
Al Thanyah Third136+52.8%AED 189.66MAED 1.01MAED 1,044/sqft4%
Dubai Investment Park First131+445.8%AED 163.24MAED 11KAED 1/sqft2%
Al Hebiah Fourth94+88.0%AED 111.33MAED 682KAED 692/sqft38%
Nadd Hessa79+68.1%AED 65.85MAED 464KAED 508/sqft13%
Palm Jumeirah760.0%AED 292.93MAED 2.46MAED 1,198/sqft14%
Al Barsha South Fourth75-26.5%AED 70.77MAED 800KAED 676/sqft9%
Al Thanayah Fourth75+27.1%AED 222.65MAED 1.53MAED 545/sqft0%
Jabal Ali First73+143.3%AED 104.60MAED 430KAED 560/sqft0%
Wadi Al Safa 655+44.7%AED 153.30MAED 2.52MAED 565/sqft16%

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 941.19M459
Al Thanyah FifthAED 704.49M460
Wadi Al Safa 4AED 650.00M2
Business BayAED 323.04M188
Burj KhalifaAED 321.33M143
Palm JumeirahAED 292.93M76
Al Thanayah FourthAED 222.65M75
Al Thanyah ThirdAED 189.66M136
Dubai Investment Park FirstAED 163.24M131
Al JadafAED 155.63M27

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 Warsan First302+117.3%
Al Hebiah Fourth94+88.0%
Marsa Dubai459+66.9%
Al Thanyah Fifth460+63.7%
Al Thanyah Third136+52.8%
Al Thanayah Fourth75+27.1%
Al Barsha South Fourth75-26.5%
Wadi Al Safa 5139+14.9%
Burj Khalifa143+12.6%
Business Bay188+0.5%

The largest sales of September 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 Sept 2012Wadi Al Safa 4—LandExisting PropertiesNot specified2,689,090 sqftAED 149/sqftAED 400,000,000
20 Sept 2012Wadi Al Safa 4—LandExisting PropertiesNot specified1,441,370 sqftAED 173/sqftAED 250,000,000
19 Sept 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified1,098,785 sqftAED 224/sqftAED 246,101,600
4 Sept 2012Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified32,749 sqftAED 1,704/sqftAED 55,804,700
6 Sept 2012Al Warqa First—BuildingExisting PropertiesNot specified47,328 sqftAED 1,162/sqftAED 55,000,000
25 Sept 2012Al Barsha First—LandExisting PropertiesNot specified212,033 sqftAED 250/sqftAED 53,008,250
25 Sept 2012Muhaisanah Fourth—BuildingExisting PropertiesNot specified20,295 sqftAED 2,414/sqftAED 49,000,000
18 Sept 2012Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified1,348,864 sqftAED 32/sqftAED 42,857,388
19 Sept 2012Marsa DubaiTHE ONE JBRJumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified166,283 sqftAED 200/sqftAED 33,256,600
12 Sept 2012Dubai Investment Park First—Dubai Investment Park FirstBuildingExisting PropertiesNot specified4,977,476 sqftAED 6/sqftAED 31,457,496

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.