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Monthly report

Dubai property market — October 2012

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

Sales4,052Registered in October 2012up64.6% vs a year earlier
Total valueAED 7.12BRegistered in October 2012Across 78 communities
Price per sqftAED 838/sqftMedian across October 2012up16.5% vs a year earlier
Sale priceAED 1.04MMedian across October 20129% sold off-plan

In a sentence

The Land Department registered 4,052 property sales in October 2012, worth AED 7.12B in total, across 78 communities. That is 65% more than the same month a year earlier.

The median sale was AED 1,043,050 at AED 838/sqft, 16.5% above the same month last year. 9% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 799 registered sales, while Marsa Dubai took the most money at AED 1.13B.

Against the previous month, Burj Khalifa rose 153% to 362 sales, while Al Hebiah Fourth fell 41% to 55.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth799+73.7%AED 1.05BAED 839KAED 787/sqft1%
Marsa Dubai706+53.8%AED 1.13BAED 1.24MAED 1,083/sqft5%
Burj Khalifa362+153.1%AED 1.05BAED 1.80MAED 1,598/sqft25%
Al Warsan First325+7.6%AED 148.00MAED 310KAED 485/sqft0%
Business Bay301+60.1%AED 404.65MAED 1.11MAED 1,082/sqft33%
Al Thanyah Third224+64.7%AED 273.54MAED 912KAED 960/sqft4%
Wadi Al Safa 5133-4.3%AED 149.77MAED 686KAED 645/sqft4%
Al Thanayah Fourth130+73.3%AED 315.93MAED 1.50MAED 488/sqft0%
Al Barsha South Fourth123+64.0%AED 116.55MAED 697KAED 530/sqft33%
Nadd Hessa123+55.7%AED 83.80MAED 561KAED 595/sqft5%
Wadi Al Safa 6101+83.6%AED 275.62MAED 2.50MAED 542/sqft3%
Palm Jumeirah92+21.1%AED 360.47MAED 2.38MAED 1,136/sqft15%
Dubai Investment Park First81-38.2%AED 110.21MAED 656KAED 17/sqft17%
Jabal Ali First75+2.7%AED 29.79MAED 326KAED 608/sqft0%
Al Hebiah Fourth55-41.5%AED 71.45MAED 780KAED 631/sqft15%

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 1.13B706
Al Thanyah FifthAED 1.05B799
Burj KhalifaAED 1.05B362
Business BayAED 404.65M301
Palm JumeirahAED 360.47M92
Al Thanayah FourthAED 315.93M130
Wadi Al Safa 6AED 275.62M101
Al Thanyah ThirdAED 273.54M224
Wadi Al Safa 5AED 149.77M133
Al Warsan FirstAED 148.00M325

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 Khalifa362+153.1%
Wadi Al Safa 6101+83.6%
Al Thanyah Fifth799+73.7%
Al Thanayah Fourth130+73.3%
Al Thanyah Third224+64.7%
Al Barsha South Fourth123+64.0%
Business Bay301+60.1%
Nadd Hessa123+55.7%
Marsa Dubai706+53.8%
Al Hebiah Fourth55-41.5%

The largest sales of October 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
22 Oct 2012Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified44,085 sqftAED 2,376/sqftAED 104,750,000
18 Oct 2012Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified52,395 sqftAED 1,748/sqftAED 91,605,151
15 Oct 2012Al Barshaa South SecondVincitore Aqua FloraDubai Science ParkLandExisting PropertiesNot specified75,887 sqftAED 1,000/sqftAED 75,887,288
17 Oct 2012Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified45,623 sqftAED 1,302/sqftAED 59,400,000
30 Oct 2012Al Dhagaya—LandExisting PropertiesNot specified6,337 sqftAED 8,995/sqftAED 57,000,000
24 Oct 2012Um Suqaim First—VillaExisting PropertiesNot specified77,532 sqftAED 690/sqftAED 53,497,080
1 Oct 2012Al Nahda Second—BuildingExisting PropertiesNot specified19,100 sqftAED 2,487/sqftAED 47,500,000
16 Oct 2012Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified45,623 sqftAED 1,007/sqftAED 45,940,326
2 Oct 2012Al Buteen—BuildingExisting PropertiesNot specified3,562 sqftAED 11,667/sqftAED 41,562,517
1 Oct 2012Al Thanayah FourthEmirates HillsEmirates LivingLandExisting PropertiesNot specified31,944 sqftAED 1,299/sqftAED 41,500,000

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.