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Quarterly report

Dubai property market — Q1 2013

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2013. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales12,859Registered in Q1 2013up64.5% vs a year earlier
Total valueAED 26.81BRegistered in Q1 2013Across 115 communities
Price per sqftAED 886/sqftMedian across Q1 2013up10.8% vs a year earlier
Sale priceAED 1.17MMedian across Q1 201310% sold off-plan

In a sentence

The Land Department registered 12,859 property sales in Q1 2013, worth AED 26.81B in total, across 115 communities. That is 65% more than the same quarter a year earlier.

The median sale was AED 1,174,702 at AED 886/sqft, 10.8% above the same quarter last year. 10% of sales were off-plan.

Marsa Dubai was the busiest community with 2,574 registered sales, and also took the most money at AED 4.30B.

Against the previous quarter, Jabal Ali First rose 167% to 484 sales, while Dubai Investment Park First fell 25% to 178.

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 Q1 2013, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai2,574+1.7%AED 4.30BAED 1.30MAED 1,177/sqft10%
Al Thanyah Fifth1,860+4.8%AED 2.86BAED 900KAED 797/sqft4%
Business Bay1,083+17.1%AED 1.61BAED 1.24MAED 1,189/sqft27%
Burj Khalifa1,011-19.8%AED 2.98BAED 1.90MAED 1,727/sqft31%
Al Warsan First850-15.3%AED 366.37MAED 335KAED 533/sqft1%
Jabal Ali First484+167.4%AED 597.54MAED 460KAED 686/sqft0%
Al Thanyah Third471-0.2%AED 723.32MAED 1.20MAED 1,055/sqft3%
Palm Jumeirah455+58.0%AED 1.86BAED 2.60MAED 1,386/sqft19%
Al Barsha South Fourth382-14.9%AED 562.40MAED 738KAED 725/sqft16%
Nadd Hessa379+25.1%AED 315.00MAED 500KAED 620/sqft2%
Al Hebiah Fourth350+109.6%AED 353.13MAED 615KAED 706/sqft5%
Wadi Al Safa 5337-8.7%AED 401.85MAED 721KAED 653/sqft0%
Al Thanayah Fourth314+1.6%AED 1.07BAED 2.00MAED 673/sqft0%
Al Hebiah Fifth230+117.0%AED 185.87MAED 774KAED 854/sqft0%
Wadi Al Safa 6226+3.7%AED 638.56MAED 2.50MAED 595/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 4.30B2,574
Burj KhalifaAED 2.98B1,011
Al Thanyah FifthAED 2.86B1,860
Palm JumeirahAED 1.86B455
Business BayAED 1.61B1,083
Al Thanayah FourthAED 1.07B314
Al Thanyah ThirdAED 723.32M471
Wadi Al Safa 6AED 638.56M226
Jabal Ali FirstAED 597.54M484
Al Barsha South FourthAED 562.40M382

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
Jabal Ali First484+167.4%
Al Thanyah First186+138.5%
Me'Aisem First120+135.3%
Al Hebiah Fifth230+117.0%
Al Hebiah Fourth350+109.6%
Palm Jumeirah455+58.0%
Wadi Al Safa 387+35.9%
Al Barsha South Fifth175+33.6%
Nadd Hessa379+25.1%
Dubai Investment Park First178-24.9%

The largest sales of Q1 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
7 Feb 2013Al Hebiah FirstMotor CityLandExisting PropertiesNot specified277,215 sqftAED 1,028/sqftAED 285,000,000
4 Feb 2013Dubai Investment Park FirstDubai Investment Park FirstVillaExisting PropertiesNot specified10,601,779 sqftAED 19/sqftAED 201,775,000
28 Jan 2013Oud MethaBuildingExisting PropertiesNot specified57,073 sqftAED 2,453/sqftAED 140,000,000
14 Jan 2013Palm JumeirahPalm JumeirahBuildingExisting PropertiesNot specified443,027 sqftAED 286/sqftAED 126,740,000
16 Jan 2013Rega Al ButeenBuildingExisting PropertiesNot specified20,807 sqftAED 5,527/sqftAED 115,000,000
16 Jan 2013Rega Al ButeenBuildingExisting PropertiesNot specified20,807 sqftAED 5,527/sqftAED 115,000,000
28 Mar 2013Burj KhalifaMADA RESIDENCES TOWERDownTown DubaiBuildingExisting PropertiesNot specified47,163 sqftAED 2,160/sqftAED 101,872,892
23 Jan 2013Marsa DubaiDubai MarinaBuildingExisting PropertiesNot specified36,781 sqftAED 2,719/sqftAED 100,000,000
25 Feb 2013Al Barsha South FourthBinghatti CircleJumeirah Village CircleLandExisting PropertiesNot specified69,121 sqftAED 1,350/sqftAED 93,313,600

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.