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Quarterly report

Dubai property market — Q1 2012

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2012. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales7,817Registered in Q1 2012down6% vs a year earlier
Total valueAED 15.60BRegistered in Q1 2012Across 108 communities
Price per sqftAED 800/sqftMedian across Q1 2012down0.2% vs a year earlier
Sale priceAED 1.02MMedian across Q1 201210% sold off-plan

In a sentence

The Land Department registered 7,817 property sales in Q1 2012, worth AED 15.60B in total, across 108 communities. That is 6% fewer than the same quarter a year earlier.

The median sale was AED 1,024,312 at AED 800/sqft, 0.2% below the same quarter last year. 10% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 1,375 registered sales, while Marsa Dubai took the most money at AED 2.56B.

Against the previous quarter, Palm Jumeirah rose 55% to 439 sales, while Jabal Ali First fell 10% to 180.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2012, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth1,375-1.7%AED 1.40BAED 719KAED 710/sqft8%
Marsa Dubai1,280+14.4%AED 2.56BAED 1.28MAED 954/sqft15%
Business Bay741+36.2%AED 1.21BAED 1.30MAED 1,244/sqft6%
Al Warsan First444+9.6%AED 129.24MAED 240KAED 371/sqft3%
Palm Jumeirah439+55.1%AED 1.98BAED 2.76MAED 1,283/sqft14%
Burj Khalifa399-1.2%AED 1.25BAED 1.67MAED 1,445/sqft20%
Wadi Al Safa 5379+2.4%AED 396.09MAED 626KAED 662/sqft0%
Me'Aisem First338+29.0%AED 228.61MAED 538KAED 945/sqft7%
Nadd Hessa338+39.1%AED 212.32MAED 463KAED 672/sqft9%
Al Thanyah Third332+1.5%AED 409.45MAED 887KAED 825/sqft0%
Al Barsha South Fourth275+16.5%AED 313.57MAED 890KAED 916/sqft7%
Al Thanayah Fourth220+0.5%AED 730.19MAED 1.89MAED 558/sqft0%
Jabal Ali First180-10.4%AED 130.07MAED 383KAED 568/sqft0%
Al Hebiah Fourth143+36.2%AED 196.05MAED 860KAED 737/sqft58%
Al Barsha South Fifth118+145.8%AED 180.92MAED 1.49MAED 220/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 2.56B1,280
Palm JumeirahAED 1.98B439
Al Thanyah FifthAED 1.40B1,375
Burj KhalifaAED 1.25B399
Business BayAED 1.21B741
Al Thanayah FourthAED 730.19M220
Al Thanyah ThirdAED 409.45M332
Wadi Al Safa 5AED 396.09M379
Al Barsha South FourthAED 313.57M275
Um Hurair SecondAED 311.53M2

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Palm Jumeirah439+55.1%
Nadd Hessa338+39.1%
Business Bay741+36.2%
Al Hebiah Fourth143+36.2%
Me'Aisem First338+29.0%
Al Barsha South Fourth275+16.5%
Marsa Dubai1,280+14.4%
Jabal Ali First180-10.4%
Al Warsan First444+9.6%
Wadi Al Safa 5379+2.4%

The largest sales of Q1 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
12 Jan 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified65,083 sqftAED 5,455/sqftAED 355,000,000
19 Jan 2012Um Hurair Second—Dubai Health Care City Phase 1BuildingExisting PropertiesNot specified176,973 sqftAED 1,695/sqftAED 300,000,000
20 Feb 2012Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 16,000/sqftAED 160,000,000
5 Jan 2012Oud Metha—BuildingExisting PropertiesNot specified89,800 sqftAED 1,091/sqftAED 98,000,000
7 Feb 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified58,926 sqftAED 1,600/sqftAED 94,281,250
7 Mar 2012Al Mamzer—BuildingExisting PropertiesNot specified24,811 sqftAED 3,708/sqftAED 92,000,000
19 Jan 2012Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified8,807 sqftAED 9,358/sqftAED 82,414,416
3 Jan 2012Al Raffa—BuildingExisting PropertiesNot specified18,447 sqftAED 4,337/sqftAED 80,000,000
27 Feb 2012Port Saeed—BuildingExisting PropertiesNot specified23,103 sqftAED 3,463/sqftAED 80,000,000
5 Mar 2012Burj Khalifa—LandExisting PropertiesNot specified40,000 sqftAED 1,925/sqftAED 77,000,000

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.