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Monthly report

Dubai property market — December 2012

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

Sales4,317Registered in December 2012up59.2% vs a year earlier
Total valueAED 9.09BRegistered in December 2012Across 85 communities
Price per sqftAED 906/sqftMedian across December 2012up9.5% vs a year earlier
Sale priceAED 1.23MMedian across December 201210% sold off-plan

In a sentence

The Land Department registered 4,317 property sales in December 2012, worth AED 9.09B in total, across 85 communities. That is 59% more than the same month a year earlier.

The median sale was AED 1,225,000 at AED 906/sqft, 9.5% above the same month last year. 10% of sales were off-plan.

Marsa Dubai was the busiest community with 1,230 registered sales, and also took the most money at AED 2.25B.

Against the previous month, Al Warsan First rose 212% to 514 sales, while Burj Khalifa fell 28% to 377.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai1,230+107.1%AED 2.25BAED 1.37MAED 1,111/sqft1%
Al Warsan First514+211.5%AED 175.19MAED 275KAED 462/sqft1%
Al Thanyah Fifth476-4.6%AED 692.09MAED 902KAED 756/sqft3%
Burj Khalifa377-27.6%AED 1.32BAED 2.03MAED 1,817/sqft59%
Business Bay366+41.9%AED 534.94MAED 1.25MAED 1,212/sqft30%
Al Barsha South Fourth158-6.0%AED 137.71MAED 658KAED 603/sqft4%
Wadi Al Safa 5136+36.0%AED 297.93MAED 2.19MAED 386/sqft1%
Al Thanyah Third130+10.2%AED 172.49MAED 1.01MAED 1,030/sqft1%
Palm Jumeirah111+30.6%AED 433.64MAED 2.44MAED 1,197/sqft17%
Al Thanayah Fourth99+23.8%AED 463.71MAED 2.50MAED 729/sqft0%
Nadd Hessa96+14.3%AED 77.24MAED 453KAED 651/sqft4%
Wadi Al Safa 664+20.8%AED 209.02MAED 3.25MAED 605/sqft3%
Jabal Ali First61+35.6%AED 71.79MAED 619KAED 681/sqft0%
Al Hebiah Fourth57+3.6%AED 160.17MAED 2.46MAED 672/sqft4%
Dubai Investment Park Second52+52.9%AED 50.35MAED 720KAED 519/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 2.25B1,230
Burj KhalifaAED 1.32B377
Al Thanyah FifthAED 692.09M476
Business BayAED 534.94M366
Al Thanayah FourthAED 463.71M99
Palm JumeirahAED 433.64M111
Wadi Al Safa 5AED 297.93M136
Al Yelayiss 4AED 287.59M1
Wadi Al Safa 6AED 209.02M64
Al Warsan FirstAED 175.19M514

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 First514+211.5%
Marsa Dubai1,230+107.1%
Business Bay366+41.9%
Wadi Al Safa 5136+36.0%
Palm Jumeirah111+30.6%
Burj Khalifa377-27.6%
Al Thanayah Fourth99+23.8%
Wadi Al Safa 664+20.8%
Nadd Hessa96+14.3%
Al Thanyah Third130+10.2%

The largest sales of December 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
24 Dec 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified57,118 sqftAED 5,427/sqftAED 310,000,000
24 Dec 2012Al Yelayiss 4TEEMA 1 & TEEMA 2LandExisting PropertiesNot specified4,108,380 sqftAED 70/sqftAED 287,586,982
31 Dec 2012Um Suqaim First—BuildingExisting PropertiesNot specified34,185 sqftAED 2,194/sqftAED 75,000,000
20 Dec 2012Al Barshaa South SecondVincitore Aqua DimoreDubai Science ParkLandExisting PropertiesNot specified102,647 sqftAED 720/sqftAED 73,906,560
26 Dec 2012Al Barsha First—BuildingExisting PropertiesNot specified16,269 sqftAED 4,518/sqftAED 73,500,000
25 Dec 2012Marsa Dubai—Dubai MarinaLandExisting PropertiesNot specified32,694 sqftAED 2,141/sqftAED 70,000,000
13 Dec 2012Burj KhalifaPLATINUM TOWERBusiness BayLandExisting PropertiesNot specified112,496 sqftAED 622/sqftAED 70,000,000
17 Dec 2012Mirdif—BuildingExisting PropertiesNot specified34,646 sqftAED 1,458/sqftAED 50,500,000
18 Dec 2012Al Thanayah FourthEmirates HillsEmirates LivingVillaExisting PropertiesNot specified33,827 sqftAED 1,404/sqftAED 47,500,000
11 Dec 2012Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified11,355 sqftAED 4,000/sqftAED 45,420,000

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.