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Monthly report

Dubai property market — January 2013

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside January 2013. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales4,292Registered in January 2013up67.9% vs a year earlier
Total valueAED 8.63BRegistered in January 2013Across 87 communities
Price per sqftAED 859/sqftMedian across January 2013up5.7% vs a year earlier
Sale priceAED 1.16MMedian across January 201310% sold off-plan

In a sentence

The Land Department registered 4,292 property sales in January 2013, worth AED 8.63B in total, across 87 communities. That is 68% more than the same month a year earlier.

The median sale was AED 1,157,543 at AED 859/sqft, 5.7% above the same month last year. 10% of sales were off-plan.

Marsa Dubai was the busiest community with 876 registered sales, and also took the most money at AED 1.59B.

Against the previous month, Jabal Ali First rose 285% to 235 sales, while Al Warsan First fell 47% to 272.

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 January 2013, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai876-28.8%AED 1.59BAED 1.35MAED 1,176/sqft6%
Al Thanyah Fifth591+24.2%AED 922.89MAED 915KAED 813/sqft1%
Burj Khalifa331-12.2%AED 944.18MAED 1.87MAED 1,659/sqft34%
Business Bay296-19.1%AED 452.41MAED 1.20MAED 1,288/sqft44%
Al Warsan First272-47.1%AED 120.45MAED 353KAED 537/sqft0%
Jabal Ali First235+285.2%AED 265.63MAED 380KAED 681/sqft0%
Wadi Al Safa 5193+41.9%AED 224.66MAED 720KAED 656/sqft0%
Al Thanyah Third154+18.5%AED 256.85MAED 1.27MAED 1,085/sqft2%
Al Hebiah Fourth143+150.9%AED 162.99MAED 640KAED 706/sqft10%
Al Barsha South Fourth132-16.5%AED 157.55MAED 905KAED 821/sqft8%
Nadd Hessa132+37.5%AED 93.08MAED 410KAED 556/sqft2%
Palm Jumeirah117+5.4%AED 569.11MAED 2.44MAED 1,245/sqft17%
Al Thanayah Fourth115+16.2%AED 361.19MAED 2.00MAED 671/sqft0%
Al Hebiah Fifth107+181.6%AED 94.86MAED 860KAED 866/sqft0%
Al Barsha South Fifth77+67.4%AED 133.62MAED 1.49MAED 299/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 1.59B876
Burj KhalifaAED 944.18M331
Al Thanyah FifthAED 922.89M591
Palm JumeirahAED 569.11M117
Business BayAED 452.41M296
Al Thanayah FourthAED 361.19M115
Jabal Ali FirstAED 265.63M235
Al Thanyah ThirdAED 256.85M154
Rega Al ButeenAED 237.61M6
Wadi Al Safa 5AED 224.66M193

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
Jabal Ali First235+285.2%
Al Hebiah Fourth143+150.9%
Al Warsan First272-47.1%
Wadi Al Safa 5193+41.9%
Nadd Hessa132+37.5%
Marsa Dubai876-28.8%
Al Thanyah Fifth591+24.2%
Business Bay296-19.1%
Al Thanyah Third154+18.5%
Wadi Al Safa 675+17.2%

The largest sales of January 2013

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
28 Jan 2013Oud Metha—BuildingExisting PropertiesNot specified57,073 sqftAED 2,453/sqftAED 140,000,000
14 Jan 2013Palm Jumeirah—Palm JumeirahBuildingExisting PropertiesNot specified443,027 sqftAED 286/sqftAED 126,740,000
16 Jan 2013Rega Al Buteen—BuildingExisting PropertiesNot specified20,807 sqftAED 5,527/sqftAED 115,000,000
16 Jan 2013Rega Al Buteen—BuildingExisting PropertiesNot specified20,807 sqftAED 5,527/sqftAED 115,000,000
23 Jan 2013Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified36,781 sqftAED 2,719/sqftAED 100,000,000
7 Jan 2013Al Qusais Industrial Second—BuildingExisting PropertiesNot specified29,200 sqftAED 2,568/sqftAED 75,000,000
8 Jan 2013Al Goze Fourth—BuildingExisting PropertiesNot specified437,311 sqftAED 137/sqftAED 60,000,000
16 Jan 2013Burj Khalifa—DownTown DubaiBuildingExisting PropertiesNot specified46,624 sqftAED 1,256/sqftAED 58,574,000
17 Jan 2013Burj KhalifaBAHWAN TOWERDownTown DubaiBuildingExisting PropertiesNot specified38,727 sqftAED 1,477/sqftAED 57,217,000
15 Jan 2013Al Raffa—BuildingExisting PropertiesNot specified23,562 sqftAED 2,334/sqftAED 55,000,000

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.