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Quarterly report

Dubai property market — Q2 2012

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2012. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales9,077Registered in Q2 2012up33% vs a year earlier
Total valueAED 18.70BRegistered in Q2 2012Across 114 communities
Price per sqftAED 798/sqftMedian across Q2 2012up1.5% vs a year earlier
Sale priceAED 1.09MMedian across Q2 20129% sold off-plan

In a sentence

The Land Department registered 9,077 property sales in Q2 2012, worth AED 18.70B in total, across 114 communities. That is 33% more than the same quarter a year earlier.

The median sale was AED 1,090,969 at AED 798/sqft, 1.5% above the same quarter last year. 9% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 1,759 registered sales, while Palm Jumeirah took the most money at AED 2.55B.

Against the previous quarter, Al Barsha South Fifth rose 99% to 235 sales, while Me'Aisem First fell 59% to 137.

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 Q2 2012, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth1,759+27.9%AED 2.05BAED 800KAED 742/sqft5%
Marsa Dubai1,333+4.1%AED 2.28BAED 1.24MAED 996/sqft22%
Business Bay834+12.6%AED 1.22BAED 1.16MAED 1,079/sqft18%
Al Warsan First561+26.4%AED 150.72MAED 228KAED 366/sqft0%
Burj Khalifa561+40.6%AED 1.26BAED 1.73MAED 1,525/sqft10%
Palm Jumeirah545+24.1%AED 2.55BAED 2.75MAED 1,276/sqft20%
Al Barsha South Fourth462+68.0%AED 450.80MAED 686KAED 807/sqft15%
Al Thanyah Third395+19.0%AED 570.53MAED 1.00MAED 891/sqft2%
Al Thanayah Fourth301+36.8%AED 1.36BAED 2.05MAED 613/sqft0%
Nadd Hessa278-17.8%AED 258.72MAED 530KAED 604/sqft5%
Wadi Al Safa 5259-31.7%AED 311.92MAED 729KAED 469/sqft0%
Al Barsha South Fifth235+99.2%AED 314.00MAED 1.45MAED 264/sqft1%
Jabal Ali First210+16.7%AED 175.55MAED 402KAED 568/sqft0%
Port Saeed161+16000.0%AED 189.88MAED 1.18MAED 990/sqft0%
Wadi Al Safa 6157+36.5%AED 468.91MAED 2.76MAED 501/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
Palm JumeirahAED 2.55B545
Marsa DubaiAED 2.28B1,333
Al Thanyah FifthAED 2.05B1,759
Al Thanayah FourthAED 1.36B301
Burj KhalifaAED 1.26B561
Business BayAED 1.22B834
Al Thanyah ThirdAED 570.53M395
Al Safouh SecondAED 484.49M3
Wadi Al Safa 6AED 468.91M157
Al Barsha South FourthAED 450.80M462

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
Al Barsha South Fifth235+99.2%
Al Barsha South Fourth462+68.0%
Me'Aisem First137-59.5%
Al Thanyah First56-44.0%
Burj Khalifa561+40.6%
Al Thanayah Fourth301+36.8%
Wadi Al Safa 6157+36.5%
Wadi Al Safa 5259-31.7%
Al Thanyah Fifth1,759+27.9%
Al Warsan First561+26.4%

The largest sales of Q2 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
25 Jun 2012Al Safouh Second—Site ABuildingExisting PropertiesNot specified128,412 sqftAED 2,593/sqftAED 333,000,000
17 May 2012Trade Center Second—LandExisting PropertiesNot specified25,000 sqftAED 12,500/sqftAED 312,500,000
4 Apr 2012Palm JumeirahEOMEPalm JumeirahLandExisting PropertiesNot specified671,326 sqftAED 372/sqftAED 250,000,000
7 Jun 2012Trade Center First—BuildingExisting PropertiesNot specified12,500 sqftAED 15,042/sqftAED 188,025,000
23 May 2012Al Safouh Second—Site ALandExisting PropertiesNot specified114,682 sqftAED 1,177/sqftAED 135,000,000
23 Apr 2012Trade Center First—LandExisting PropertiesNot specified10,000 sqftAED 13,000/sqftAED 130,000,000
7 Jun 2012Marsa DubaiResidences Du Port, Dubai Marina, Autograph Collection ResidencesDubai MarinaBuildingExisting PropertiesNot specified213,355 sqftAED 539/sqftAED 115,000,000
4 Jun 2012Naif—BuildingExisting PropertiesNot specified23,059 sqftAED 4,879/sqftAED 112,500,000
6 Jun 2012Palm JumeirahW Residences Dubai - The PalmPalm JumeirahBuildingExisting PropertiesNot specified1,013,958 sqftAED 100/sqftAED 101,656,000
4 Jun 2012Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified39,085 sqftAED 2,559/sqftAED 100,000,000

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.