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Monthly report

Dubai property market — February 2013

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

Sales4,133Registered in February 2013up48.4% vs a year earlier
Total valueAED 8.83BRegistered in February 2013Across 94 communities
Price per sqftAED 903/sqftMedian across February 2013up14% vs a year earlier
Sale priceAED 1.21MMedian across February 201313% sold off-plan

In a sentence

The Land Department registered 4,133 property sales in February 2013, worth AED 8.83B in total, across 94 communities. That is 48% more than the same month a year earlier.

The median sale was AED 1,209,350 at AED 903/sqft, 14% above the same month last year. 13% of sales were off-plan.

Marsa Dubai was the busiest community with 850 registered sales, and also took the most money at AED 1.37B.

Against the previous month, Palm Jumeirah rose 49% to 174 sales, while Wadi Al Safa 5 fell 58% to 81.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai850-3.0%AED 1.37BAED 1.29MAED 1,219/sqft13%
Al Thanyah Fifth600+1.5%AED 866.55MAED 868KAED 777/sqft4%
Burj Khalifa335+1.2%AED 912.72MAED 1.97MAED 1,794/sqft40%
Business Bay334+12.8%AED 531.41MAED 1.33MAED 1,299/sqft30%
Al Warsan First258-5.1%AED 118.39MAED 340KAED 536/sqft1%
Palm Jumeirah174+48.7%AED 635.02MAED 2.60MAED 1,386/sqft22%
Al Thanyah Third172+11.7%AED 248.42MAED 1.18MAED 1,075/sqft2%
Jabal Ali First123-47.7%AED 168.20MAED 645KAED 692/sqft0%
Nadd Hessa121-8.3%AED 117.97MAED 718KAED 633/sqft3%
Al Barsha South Fourth116-12.1%AED 261.69MAED 643KAED 703/sqft16%
Al Thanayah Fourth99-13.9%AED 366.19MAED 1.80MAED 638/sqft0%
Al Hebiah Fourth90-37.1%AED 88.19MAED 596KAED 737/sqft1%
Dubai Investment Park First82+78.3%AED 435.46MAED 950KAED 20/sqft1%
Wadi Al Safa 581-58.0%AED 91.83MAED 733KAED 638/sqft0%
Wadi Al Safa 680+6.7%AED 231.55MAED 2.55MAED 581/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 1.37B850
Burj KhalifaAED 912.72M335
Al Thanyah FifthAED 866.55M600
Palm JumeirahAED 635.02M174
Business BayAED 531.41M334
Dubai Investment Park FirstAED 435.46M82
Al Thanayah FourthAED 366.19M99
Al Hebiah FirstAED 320.87M24
Al Barsha South FourthAED 261.69M116
Al Thanyah ThirdAED 248.42M172

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
Wadi Al Safa 581-58.0%
Palm Jumeirah174+48.7%
Jabal Ali First123-47.7%
Al Hebiah Fourth90-37.1%
Al Thanayah Fourth99-13.9%
Business Bay334+12.8%
Al Barsha South Fourth116-12.1%
Al Thanyah Third172+11.7%
Nadd Hessa121-8.3%
Wadi Al Safa 680+6.7%

The largest sales of February 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
7 Feb 2013Al Hebiah First—Motor CityLandExisting PropertiesNot specified277,215 sqftAED 1,028/sqftAED 285,000,000
4 Feb 2013Dubai Investment Park First—Dubai Investment Park FirstVillaExisting PropertiesNot specified10,601,779 sqftAED 19/sqftAED 201,775,000
25 Feb 2013Al Barsha South FourthBinghatti CircleJumeirah Village CircleLandExisting PropertiesNot specified69,121 sqftAED 1,350/sqftAED 93,313,600
4 Feb 2013Dubai Investment Park First—Dubai Investment Park FirstVillaExisting PropertiesNot specified4,150,576 sqftAED 22/sqftAED 91,000,000
28 Feb 2013Al Wasl—BuildingExisting PropertiesNot specified40,000 sqftAED 1,800/sqftAED 72,000,000
26 Feb 2013Burj KhalifaBURJ KHALIFA TOWERSDownTown DubaiOfficeExisting PropertiesNot specified11,355 sqftAED 6,219/sqftAED 70,616,888
28 Feb 2013Al Nahda Second—BuildingExisting PropertiesNot specified21,944 sqftAED 2,989/sqftAED 65,600,000
19 Feb 2013Al Raffa—BuildingExisting PropertiesNot specified18,718 sqftAED 3,344/sqftAED 62,600,000
5 Feb 2013Al Wasl—BuildingExisting PropertiesNot specified40,000 sqftAED 1,560/sqftAED 62,400,000
4 Feb 2013Al Thanyah First—Barsha HeightsBuildingExisting PropertiesNot specified29,063 sqftAED 2,065/sqftAED 60,000,000

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.