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Quarterly report

Dubai property market — Q3 2012

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q3 2012. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales7,812Registered in Q3 2012up24.5% vs a year earlier
Total valueAED 14.98BRegistered in Q3 2012Across 102 communities
Price per sqftAED 806/sqftMedian across Q3 2012down1.7% vs a year earlier
Sale priceAED 1.07MMedian across Q3 201212% sold off-plan

In a sentence

The Land Department registered 7,812 property sales in Q3 2012, worth AED 14.98B in total, across 102 communities. That is 24% more than the same quarter a year earlier.

The median sale was AED 1,074,700 at AED 806/sqft, 1.7% below the same quarter last year. 12% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 1,182 registered sales, while Marsa Dubai took the most money at AED 2.03B.

Against the previous quarter, Al Thanyah First rose 82% to 102 sales, while Al Barsha South Fifth fell 55% to 106.

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 Q3 2012, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth1,182-32.8%AED 1.71BAED 890KAED 738/sqft2%
Marsa Dubai1,182-11.3%AED 2.03BAED 1.20MAED 1,022/sqft16%
Business Bay656-21.3%AED 1.01BAED 1.23MAED 1,149/sqft14%
Al Warsan First644+14.8%AED 314.91MAED 265KAED 428/sqft0%
Al Thanyah Third477+20.8%AED 697.79MAED 1.27MAED 1,004/sqft33%
Burj Khalifa457-18.5%AED 1.14BAED 1.80MAED 1,468/sqft24%
Wadi Al Safa 5332+28.2%AED 422.64MAED 863KAED 380/sqft0%
Al Barsha South Fourth288-37.7%AED 268.19MAED 763KAED 783/sqft4%
Palm Jumeirah268-50.8%AED 984.40MAED 2.44MAED 1,250/sqft17%
Al Thanayah Fourth236-21.6%AED 753.87MAED 1.92MAED 610/sqft0%
Al Hebiah Fourth212+43.2%AED 303.99MAED 794KAED 706/sqft31%
Nadd Hessa206-25.9%AED 207.85MAED 582KAED 622/sqft17%
Jabal Ali First200-4.8%AED 208.15MAED 403KAED 568/sqft0%
Dubai Investment Park First192+966.7%AED 228.88MAED 42KAED 1/sqft3%
Wadi Al Safa 6156-0.6%AED 468.01MAED 2.79MAED 534/sqft6%

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 2.03B1,182
Al Thanyah FifthAED 1.71B1,182
Burj KhalifaAED 1.14B457
Business BayAED 1.01B656
Palm JumeirahAED 984.40M268
Al Thanayah FourthAED 753.87M236
Al Thanyah ThirdAED 697.79M477
Wadi Al Safa 4AED 650.00M2
Wadi Al Safa 6AED 468.01M156
Wadi Al Safa 5AED 422.64M332

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 Thanyah First102+82.1%
Al Barsha South Fifth106-54.9%
Me'Aisem First66-51.8%
Palm Jumeirah268-50.8%
Al Hebiah Fourth212+43.2%
Al Barsha South Fourth288-37.7%
Al Thanyah Fifth1,182-32.8%
Wadi Al Safa 5332+28.2%
Nadd Hessa206-25.9%
Al Thanayah Fourth236-21.6%

The largest sales of Q3 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
20 Sept 2012Wadi Al Safa 4—LandExisting PropertiesNot specified2,689,090 sqftAED 149/sqftAED 400,000,000
20 Sept 2012Wadi Al Safa 4—LandExisting PropertiesNot specified1,441,370 sqftAED 173/sqftAED 250,000,000
19 Sept 2012Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified1,098,785 sqftAED 224/sqftAED 246,101,600
3 Jul 2012Port Saeed—BuildingExisting PropertiesNot specified42,140 sqftAED 2,990/sqftAED 126,000,000
26 Jul 2012Al Nahda First—BuildingExisting PropertiesNot specified31,558 sqftAED 3,169/sqftAED 100,000,000
26 Jul 2012Burj Khalifa—Business BayLandExisting PropertiesNot specified232,393 sqftAED 430/sqftAED 100,000,000
3 Jul 2012Al Warsan First—International City Phase 1BuildingExisting PropertiesNot specified1,727,842 sqftAED 52/sqftAED 90,000,000
4 Jul 2012Al Barsha First—BuildingExisting PropertiesNot specified24,251 sqftAED 3,587/sqftAED 87,000,000
4 Sept 2012Jabal Ali—Down Town Jabal AliLandExisting PropertiesNot specified32,749 sqftAED 1,704/sqftAED 55,804,700
5 Jul 2012Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified50,366 sqftAED 1,108/sqftAED 55,792,246

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.