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Quarterly report

Dubai property market — Q2 2013

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q2 2013. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales16,837Registered in Q2 2013up85.5% vs a year earlier
Total valueAED 37.20BRegistered in Q2 2013Across 115 communities
Price per sqftAED 882/sqftMedian across Q2 2013up10.6% vs a year earlier
Sale priceAED 1.25MMedian across Q2 201310% sold off-plan

In a sentence

The Land Department registered 16,837 property sales in Q2 2013, worth AED 37.20B in total, across 115 communities. That is 85% more than the same quarter a year earlier.

The median sale was AED 1,255,000 at AED 882/sqft, 10.6% above the same quarter last year. 10% of sales were off-plan.

Al Thanyah Fifth was the busiest community with 2,713 registered sales, while Marsa Dubai took the most money at AED 5.13B.

Against the previous quarter, Dubai Investment Park First rose 246% to 616 sales, while Al Thanyah First fell 43% to 106.

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 Q2 2013, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Al Thanyah Fifth2,713+45.9%AED 4.78BAED 1.08MAED 810/sqft2%
Marsa Dubai2,376-7.7%AED 5.13BAED 1.40MAED 1,224/sqft10%
Business Bay1,653+52.6%AED 2.92BAED 1.43MAED 1,284/sqft24%
Burj Khalifa1,336+32.1%AED 3.91BAED 1.91MAED 1,807/sqft39%
Al Warsan First874+2.8%AED 373.64MAED 350KAED 561/sqft1%
Palm Jumeirah646+42.0%AED 2.96BAED 2.90MAED 1,491/sqft21%
Nadd Hessa628+65.7%AED 577.06MAED 485KAED 593/sqft1%
Dubai Investment Park First616+246.1%AED 1.11BAED 1.49MAED 328/sqft1%
Al Barsha South Fourth605+58.4%AED 941.83MAED 814KAED 708/sqft9%
Al Thanyah Third555+17.8%AED 907.53MAED 1.28MAED 1,109/sqft4%
Al Hebiah Fourth502+43.4%AED 636.14MAED 569KAED 714/sqft13%
Jabal Ali First476-1.7%AED 557.50MAED 480KAED 663/sqft0%
Al Barsha South Fifth399+128.0%AED 666.60MAED 1.49MAED 236/sqft1%
Al Thanayah Fourth386+22.9%AED 1.37BAED 2.13MAED 670/sqft0%
Al Hebiah Fifth338+47.0%AED 296.37MAED 809KAED 876/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 5.13B2,376
Al Thanyah FifthAED 4.78B2,713
Burj KhalifaAED 3.91B1,336
Palm JumeirahAED 2.96B646
Business BayAED 2.92B1,653
Al Thanayah FourthAED 1.37B386
Dubai Investment Park FirstAED 1.11B616
Al Barsha South FourthAED 941.83M605
Al Thanyah ThirdAED 907.53M555
Wadi Al Safa 3AED 762.22M57

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
Dubai Investment Park First616+246.1%
Al Hebiah First245+210.1%
Me'Aisem First326+171.7%
Al Barsha South Fifth399+128.0%
Jabal Ali112+107.4%
Nadd Hessa628+65.7%
Al Barsha South Fourth605+58.4%
Business Bay1,653+52.6%
Al Hebiah Fifth338+47.0%
Al Thanyah Fifth2,713+45.9%

The largest sales of Q2 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
10 Jun 2013Wadi Al Safa 3—Mohammed Bin Rashid AL Maktoum District 11VillaExisting PropertiesNot specified10,225,705 sqftAED 40/sqftAED 408,500,000
9 Apr 2013Palm JumeirahVICEROY HOTEL RESORTS RESIDENCESPalm JumeirahBuildingExisting PropertiesNot specified305,695 sqftAED 1,302/sqftAED 398,027,280
20 Jun 2013Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified48,931 sqftAED 6,654/sqftAED 325,599,030
10 Apr 2013Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified42,795 sqftAED 5,374/sqftAED 230,000,000
24 Jun 2013Marsa Dubai—Jumeriah Beach Residence - JBRBuildingExisting PropertiesNot specified13,950 sqftAED 13,978/sqftAED 195,000,000
18 Jun 2013Naif—BuildingExisting PropertiesNot specified25,672 sqftAED 7,206/sqftAED 185,000,000
13 May 2013Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 18,000/sqftAED 180,000,000
15 May 2013Rega Al Buteen—BuildingExisting PropertiesNot specified20,608 sqftAED 7,036/sqftAED 145,000,000
14 May 2013Wadi Al Safa 7THE SUSTAINABLE CITYTHE SUSTAINABLE CITYLandExisting PropertiesNot specified5,000,047 sqftAED 22/sqftAED 110,001,144
20 May 2013Wadi Al Safa 5SKY COURTSDubai Land Residence ComplexFlatExisting Properties1 B/R852 sqftAED 122,130/sqftAED 104,076,385

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.