← All reports

Monthly report

Dubai property market — November 2012

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

Sales3,381Registered in November 2012up89.7% vs a year earlier
Total valueAED 7.87BRegistered in November 2012Across 87 communities
Price per sqftAED 908/sqftMedian across November 2012up16% vs a year earlier
Sale priceAED 1.21MMedian across November 201219% sold off-plan

In a sentence

The Land Department registered 3,381 property sales in November 2012, worth AED 7.87B in total, across 87 communities. That is 90% more than the same month a year earlier.

The median sale was AED 1,208,485 at AED 908/sqft, 16% above the same month last year. 19% of sales were off-plan.

Marsa Dubai was the busiest community with 594 registered sales, while Burj Khalifa took the most money at AED 1.38B.

Against the previous month, Dubai Investment Park First rose 51% to 122 sales, while Al Warsan First fell 49% to 165.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai594-15.9%AED 936.32MAED 1.25MAED 1,131/sqft3%
Burj Khalifa521+43.9%AED 1.38BAED 2.10MAED 2,040/sqft79%
Al Thanyah Fifth499-37.5%AED 802.81MAED 971KAED 720/sqft4%
Business Bay258-14.3%AED 368.17MAED 1.15MAED 1,229/sqft41%
Al Barsha South Fourth168+36.6%AED 190.03MAED 820KAED 796/sqft1%
Al Warsan First165-49.2%AED 66.65MAED 300KAED 475/sqft1%
Dubai Investment Park First122+50.6%AED 64.53MAED 141KAED 13/sqft2%
Al Thanyah Third118-47.3%AED 200.59MAED 1.25MAED 1,089/sqft10%
Wadi Al Safa 5100-24.8%AED 144.83MAED 599KAED 621/sqft0%
Palm Jumeirah85-7.6%AED 290.26MAED 2.65MAED 1,345/sqft18%
Nadd Hessa84-31.7%AED 61.56MAED 517KAED 651/sqft1%
Al Thanayah Fourth80-38.5%AED 251.00MAED 2.33MAED 669/sqft0%
Al Hebiah Fourth550.0%AED 62.86MAED 656KAED 730/sqft11%
Wadi Al Safa 653-47.5%AED 182.36MAED 3.43MAED 645/sqft0%
Jabal Ali First45-40.0%AED 29.02MAED 355KAED 619/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
Burj KhalifaAED 1.38B521
Marsa DubaiAED 936.32M594
Al Thanyah FifthAED 802.81M499
Wadi Al Safa 7AED 546.91M9
Business BayAED 368.17M258
Palm JumeirahAED 290.26M85
Jabal Ali Industrial ThirdAED 283.02M2
Al Thanayah FourthAED 251.00M80
Jabal Ali Industrial SecondAED 209.52M5
Al Thanyah ThirdAED 200.59M118

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
Dubai Investment Park First122+50.6%
Al Warsan First165-49.2%
Wadi Al Safa 653-47.5%
Al Thanyah Third118-47.3%
Burj Khalifa521+43.9%
Al Thanayah Fourth80-38.5%
Al Thanyah Fifth499-37.5%
Al Barsha South Fourth168+36.6%
Nadd Hessa84-31.7%
Wadi Al Safa 5100-24.8%

The largest sales of November 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 Nov 2012Wadi Al Safa 7Arabian Ranches-Casa CommunityArabian Ranches IILandExisting PropertiesNot specified18,048,563 sqftAED 29/sqftAED 525,127,204
1 Nov 2012Jabal Ali Industrial Third—Down Town Jabal AliLandExisting PropertiesNot specified607,874 sqftAED 267/sqftAED 162,487,889
1 Nov 2012Jabal Ali Industrial Third—Down Town Jabal AliLandExisting PropertiesNot specified450,928 sqftAED 267/sqftAED 120,535,455
13 Nov 2012Al Suq Al Kabeer—BuildingExisting PropertiesNot specified14,750 sqftAED 7,464/sqftAED 110,100,000
1 Nov 2012Jabal Ali Industrial Second—Down Town Jabal AliLandExisting PropertiesNot specified332,109 sqftAED 267/sqftAED 88,774,430
26 Nov 2012Mankhool—BuildingExisting PropertiesNot specified15,729 sqftAED 4,864/sqftAED 76,500,000
1 Nov 2012Jabal Ali Industrial Second—Down Town Jabal AliLandExisting PropertiesNot specified260,321 sqftAED 267/sqftAED 69,585,186
14 Nov 2012Al Barsha First—BuildingExisting PropertiesNot specified67,950 sqftAED 1,004/sqftAED 68,200,000
26 Nov 2012Al Safouh Second—Site ABuildingExisting PropertiesNot specified44,244 sqftAED 1,514/sqftAED 67,000,000
22 Nov 2012Al Raffa—BuildingExisting PropertiesNot specified46,072 sqftAED 1,302/sqftAED 60,000,000

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.