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Quarterly report

Dubai property market — Q4 2012

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q4 2012. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales11,750Registered in Q4 2012up68.9% vs a year earlier
Total valueAED 24.07BRegistered in Q4 2012Across 107 communities
Price per sqftAED 882/sqftMedian across Q4 2012up12.8% vs a year earlier
Sale priceAED 1.15MMedian across Q4 201212% sold off-plan

In a sentence

The Land Department registered 11,750 property sales in Q4 2012, worth AED 24.07B in total, across 107 communities. That is 69% more than the same quarter a year earlier.

The median sale was AED 1,150,000 at AED 882/sqft, 12.8% above the same quarter last year. 12% of sales were off-plan.

Marsa Dubai was the busiest community with 2,530 registered sales, and also took the most money at AED 4.32B.

Against the previous quarter, Burj Khalifa rose 176% to 1,260 sales, while Al Thanyah First fell 24% to 78.

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 Q4 2012, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai2,530+114.0%AED 4.32BAED 1.31MAED 1,111/sqft3%
Al Thanyah Fifth1,774+50.1%AED 2.55BAED 880KAED 766/sqft2%
Burj Khalifa1,260+175.7%AED 3.75BAED 1.97MAED 1,948/sqft58%
Al Warsan First1,004+55.9%AED 389.84MAED 300KAED 475/sqft0%
Business Bay925+41.0%AED 1.31BAED 1.19MAED 1,173/sqft34%
Al Thanyah Third472-1.0%AED 646.62MAED 1.00MAED 1,019/sqft5%
Al Barsha South Fourth449+55.9%AED 444.28MAED 735KAED 640/sqft11%
Wadi Al Safa 5369+11.1%AED 592.53MAED 840KAED 492/sqft2%
Al Thanayah Fourth309+30.9%AED 1.03BAED 1.80MAED 637/sqft0%
Nadd Hessa303+47.1%AED 222.59MAED 511KAED 633/sqft4%
Palm Jumeirah288+7.5%AED 1.08BAED 2.44MAED 1,233/sqft17%
Dubai Investment Park First237+23.4%AED 211.70MAED 141KAED 13/sqft7%
Wadi Al Safa 6218+39.7%AED 667.00MAED 2.68MAED 589/sqft2%
Jabal Ali First181-9.5%AED 130.60MAED 360KAED 627/sqft0%
Al Hebiah Fourth167-21.2%AED 294.47MAED 783KAED 675/sqft10%

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 4.32B2,530
Burj KhalifaAED 3.75B1,260
Al Thanyah FifthAED 2.55B1,774
Business BayAED 1.31B925
Palm JumeirahAED 1.08B288
Al Thanayah FourthAED 1.03B309
Wadi Al Safa 6AED 667.00M218
Al Thanyah ThirdAED 646.62M472
Wadi Al Safa 5AED 592.53M369
Wadi Al Safa 7AED 572.81M19

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
Burj Khalifa1,260+175.7%
Dubai Investment Park Second125+150.0%
Marsa Dubai2,530+114.0%
Al Barsha South Fourth449+55.9%
Al Warsan First1,004+55.9%
Al Thanyah Fifth1,774+50.1%
Nadd Hessa303+47.1%
Business Bay925+41.0%
Wadi Al Safa 6218+39.7%
Al Hebiah Fifth106+34.2%

The largest sales of Q4 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
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
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
22 Oct 2012Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified44,085 sqftAED 2,376/sqftAED 104,750,000
18 Oct 2012Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified52,395 sqftAED 1,748/sqftAED 91,605,151
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

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.