← All reports

Monthly report

Dubai property market — March 2013

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

Sales4,434Registered in March 2013up79.1% vs a year earlier
Total valueAED 9.35BRegistered in March 2013Across 87 communities
Price per sqftAED 895/sqftMedian across March 2013up11.7% vs a year earlier
Sale priceAED 1.15MMedian across March 20138% sold off-plan

In a sentence

The Land Department registered 4,434 property sales in March 2013, worth AED 9.35B in total, across 87 communities. That is 79% more than the same month a year earlier.

The median sale was AED 1,150,000 at AED 895/sqft, 11.7% above the same month last year. 8% of sales were off-plan.

Marsa Dubai was the busiest community with 848 registered sales, and also took the most money at AED 1.35B.

Against the previous month, Al Thanyah First rose 133% to 119 sales, while Dubai Investment Park First fell 39% to 50.

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

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai848-0.2%AED 1.35BAED 1.24MAED 1,134/sqft10%
Al Thanyah Fifth669+11.5%AED 1.07BAED 959KAED 811/sqft6%
Business Bay453+35.6%AED 622.77MAED 1.20MAED 1,134/sqft13%
Burj Khalifa345+3.0%AED 1.12BAED 1.91MAED 1,745/sqft19%
Al Warsan First320+24.0%AED 127.53MAED 313KAED 532/sqft1%
Palm Jumeirah164-5.7%AED 652.95MAED 2.70MAED 1,425/sqft16%
Al Thanyah Third145-15.7%AED 218.04MAED 1.15MAED 1,004/sqft6%
Al Barsha South Fourth134+15.5%AED 143.16MAED 609KAED 633/sqft24%
Jabal Ali First126+2.4%AED 163.70MAED 518KAED 701/sqft0%
Nadd Hessa126+4.1%AED 103.95MAED 484KAED 631/sqft2%
Al Thanyah First119+133.3%AED 302.41MAED 1.19MAED 1,227/sqft1%
Al Hebiah Fourth117+30.0%AED 101.95MAED 610KAED 692/sqft2%
Al Thanayah Fourth100+1.0%AED 345.46MAED 2.38MAED 697/sqft0%
Al Hebiah Fifth93+210.0%AED 67.46MAED 680KAED 844/sqft0%
Wadi Al Safa 671-11.3%AED 215.96MAED 2.70MAED 625/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 1.35B848
Burj KhalifaAED 1.12B345
Al Thanyah FifthAED 1.07B669
Palm JumeirahAED 652.95M164
Business BayAED 622.77M453
Nad Al Shiba FirstAED 400.48M3
Al Thanayah FourthAED 345.46M100
Al Thanyah FirstAED 302.41M119
Al Thanyah ThirdAED 218.04M145
Wadi Al Safa 6AED 215.96M71

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
Al Thanyah First119+133.3%
Dubai Investment Park First50-39.0%
Business Bay453+35.6%
Al Hebiah Fourth117+30.0%
Al Warsan First320+24.0%
Wadi Al Safa 563-22.2%
Al Thanyah Third145-15.7%
Al Barsha South Fourth134+15.5%
Al Thanyah Fifth669+11.5%
Wadi Al Safa 671-11.3%

The largest sales of March 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
18 Mar 2013Nad Al Shiba FirstGRAND VIEWSMeydan Racecourse CommunityLandExisting PropertiesNot specified3,572,692 sqftAED 104/sqftAED 370,000,000
28 Mar 2013Burj KhalifaMADA RESIDENCES TOWERDownTown DubaiBuildingExisting PropertiesNot specified47,163 sqftAED 2,160/sqftAED 101,872,892
6 Mar 2013Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified50,366 sqftAED 1,827/sqftAED 92,028,450
13 Mar 2013Al Buteen—BuildingExisting PropertiesNot specified7,250 sqftAED 11,462/sqftAED 83,100,000
13 Mar 2013Naif—BuildingExisting PropertiesNot specified4,765 sqftAED 16,915/sqftAED 80,600,000
21 Mar 2013Madinat Hind 1—LandExisting PropertiesNot specified4,640,989 sqftAED 14/sqftAED 64,045,703
25 Mar 2013Al Thanyah FirstGRAND CENTRALBarsha HeightsBuildingExisting PropertiesNot specified28,720 sqftAED 2,159/sqftAED 62,000,000
21 Mar 2013Madinat Hind 1—LandExisting PropertiesNot specified1,999,998 sqftAED 30/sqftAED 60,000,000
5 Mar 2013Burj KhalifaDT 1DownTown DubaiBuildingExisting PropertiesNot specified51,257 sqftAED 702/sqftAED 36,000,000
12 Mar 2013Jumeirah First—VillaExisting PropertiesNot specified74,000 sqftAED 470/sqftAED 34,800,000

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.