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Annual report

Dubai property market — 2011

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside 2011. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales28,375Registered in 2011down16.8% vs the year before
Total valueAED 58.14BRegistered in 2011Across 131 communities
Price per sqftAED 797/sqftMedian across 2011down7.7% vs the year before
Sale priceAED 1.05MMedian across 20119% sold off-plan

In a sentence

The Land Department registered 28,375 property sales in 2011, worth AED 58.14B in total, across 131 communities. That is 17% fewer than the year before.

The median sale was AED 1,054,336 at AED 797/sqft, 7.7% below the year before. 9% of sales were off-plan.

Marsa Dubai was the busiest community with 5,309 registered sales, and also took the most money at AED 8.77B.

Against the previous year, Wadi Al Safa 5 rose 795% to 993 sales, while Al Hebiah Fourth fell 72% to 464.

Sales by year

Price per square foot by year

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in 2011, and how each moved against the year before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai5,309-12.9%AED 8.77BAED 1.27MAED 954/sqft9%
Al Thanyah Fifth4,591-5.6%AED 4.61BAED 746KAED 735/sqft10%
Business Bay1,969-21.7%AED 4.66BAED 1.32MAED 1,119/sqft15%
Burj Khalifa1,932-48.5%AED 6.73BAED 1.99MAED 1,563/sqft5%
Al Warsan First1,844-54.4%AED 656.78MAED 250KAED 378/sqft2%
Al Thanyah Third1,791-2.1%AED 3.49BAED 1.07MAED 913/sqft0%
Palm Jumeirah1,613+34.2%AED 5.66BAED 2.67MAED 1,304/sqft13%
Al Barsha South Fourth1,020+57.7%AED 1.09BAED 688KAED 736/sqft17%
Al Thanayah Fourth1,012-5.0%AED 2.86BAED 1.60MAED 467/sqft0%
Wadi Al Safa 5993+794.6%AED 1.12BAED 687KAED 662/sqft1%
Nadd Hessa880-25.3%AED 824.53MAED 591KAED 675/sqft21%
Al Hebiah First867+92.2%AED 908.05MAED 783KAED 500/sqft1%
Jabal Ali First622-32.7%AED 967.62MAED 332KAED 519/sqft5%
Wadi Al Safa 6619-14.5%AED 1.60BAED 2.35MAED 434/sqft0%
Me'Aisem First520+5.1%AED 504.21MAED 569KAED 966/sqft8%

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 8.77B5,309
Burj KhalifaAED 6.73B1,932
Palm JumeirahAED 5.66B1,613
Business BayAED 4.66B1,969
Al Thanyah FifthAED 4.61B4,591
Al Thanyah ThirdAED 3.49B1,791
Al Thanayah FourthAED 2.86B1,012
Wadi Al Safa 6AED 1.60B619
World IslandsAED 1.30B2
Wadi Al Safa 5AED 1.12B993

Biggest movers

Change in registered sales against the previous year. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Wadi Al Safa 5993+794.6%
Al Hebiah Fifth272+180.4%
Al Hebiah First867+92.2%
Al Ruwayyah89+78.0%
Al Hebiah Fourth464-71.5%
Al Barsha South Fourth1,020+57.7%
Al Warsan First1,844-54.4%
Burj Khalifa1,932-48.5%
Wadi Al Safa 2113+43.0%
Mirdif74+37.0%

The largest sales of 2011

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
19 Jan 2011World Islands—The WorldLandExisting PropertiesNot specified20,117,947 sqftAED 62/sqftAED 1,247,540,931
18 May 2011Business BayU-BORA TOWERSBusiness BayBuildingExisting PropertiesNot specified1,723,935 sqftAED 574/sqftAED 989,327,460
10 Jan 2011Business Bay—Business BayBuildingExisting PropertiesNot specified187,319 sqftAED 2,104/sqftAED 394,178,400
29 Nov 2011Burj Khalifa—Business BayLandExisting PropertiesNot specified1,285,188 sqftAED 272/sqftAED 350,000,000
19 Sept 2011Marsa DubaiShams 1Jumeriah Beach Residence - JBRFlatExisting Properties1 B/R1,342 sqftAED 253,447/sqftAED 340,000,000
14 Nov 2011Business Bay—Business BayBuildingExisting PropertiesNot specified359,676 sqftAED 931/sqftAED 335,000,000
9 May 2011Marsa Dubai—Dubai MarinaBuildingExisting PropertiesNot specified47,415 sqftAED 6,749/sqftAED 320,000,000
14 Nov 2011Al Thanyah Third—The GreensBuildingExisting PropertiesNot specified54,104 sqftAED 5,001/sqftAED 270,570,375
31 Jan 2011Al Safouh Second—Site AVillaExisting PropertiesNot specified928,723 sqftAED 258/sqftAED 240,000,000
3 Aug 2011Naif—BuildingExisting PropertiesNot specified31,835 sqftAED 6,282/sqftAED 200,000,000

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.