Dubai property prices › Month by month › April 2010
The Dubai property market in April 2010
In April 2010 the Dubai Land Department registered 2,275 residential sales worth AED 2.9bn — 63% fewer than in April 2009, when it registered 6,195, and 62% less by value. Most were completed homes: 1,667, against 608 off-plan. A completed home changed hands at a median AED 802K, AED 785 a square foot — 30% more a foot than in April 2009.
The month in its year
April 2010 against the twelve months before it
2,275 sales in April 2010, against 6,195 in April 2009. Off-plan was 27% of the month, against 60% a year earlier.
Completed homes
What a completed home sold for in April 2010
Resales of completed homes, by layout — a layout prints at ten sales. Off-plan is kept out: a launch price is a developer’s schedule, not a market, and the month’s off-plan sales have their own line beside the table.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 306 | AED 331K | 732 |
| 1 B/R | 705 | AED 690K | 792 |
| 2 B/R | 418 | AED 1.29M | 845 |
| 3 B/R | 139 | AED 2.18M | 809 |
| 4 B/R | 18 | AED 2.79M | 668 |
Medians of what buyers paid at transfer, never an asking price. Each is a month’s sales, so a layout’s figure moves with which buildings happened to sell as well as with prices; the year-long reading of the same register is on Dubai property prices.
- Registration days
- 21, 1 April to 30 April. The busiest was 26 April: 253 sales, AED 282m.
- Off-plan
- 608 sales at a median AED 894 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 155 of the 2,275, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 325 registered under the Land Department’s payment-plan and delayed-sale procedures.
Where the sales were
The busiest communities, and the dearest
The communities with the most sales registered in April, launches and resales together; beside them the dearest, by the median price of a square foot of completed home at ten resales or more.
| Busiest community | Sales | Off-plan | Completed AED/sqft |
|---|---|---|---|
| Jumeirah Lake Towers | 580 | 84 | 755 |
| Dubai Marina | 360 | 105 | 992 |
| Dubai Sports City | 331 | 167 | 803 |
| International City | 192 | 38 | 516 |
| Downtown Dubai | 98 | 2 | 1,351 |
| Business Bay | 92 | 18 | 1,068 |
| Dubai Production City (IMPZ) | 63 | 25 | 1,012 |
| Dubai Silicon Oasis | 57 | 47 | 781 |
| Jumeirah Village Triangle | 51 | 51 | — |
| The Springs | 47 | 0 | 463 |
| Discovery Gardens | 45 | 0 | 608 |
| Jumeirah Village Circle | 43 | 31 | 588 |
| Palm Jumeirah | 43 | 13 | 1,005 |
| Jumeirah Beach Residence | 43 | 0 | 900 |
| Greens | 25 | 0 | 809 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,351 | 96 |
| Business Bay | 1,068 | 74 |
| Dubai Production City (IMPZ) | 1,012 | 38 |
| Palm Jumeirah | 1,005 | 30 |
| Motor City | 1,003 | 21 |
| Dubai Marina | 992 | 255 |
| The Views | 951 | 23 |
| Jumeirah Beach Residence | 900 | 43 |
| Greens | 809 | 25 |
| Dubai Sports City | 803 | 164 |
A community counts the sales of every building and villa project in it that has a page here. A sale the register files where we have no page — a plot, a tower not yet placed — is in the month’s total and in neither table. The busiest table’s price is completed homes only, so a community that sold nothing but launches has none; the dearest table ranks completed homes alone.
Buildings
The busiest towers in April 2010
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Lakeshore Tower 1Jumeirah Lake Towers | 207 | 0 | 768 |
| 2 | V3 TowerJumeirah Lake Towers | 106 | 0 | 721 |
| 3 | Ice HockeyDubai Sports City | 102 | 0 | 759 |
| 4 | Zumurud TowerDubai Marina | 95 | 0 | 1,288 |
| 5 | Bermuda ViewsDubai Sports City | 85 | all | 827 |
| 6 | Global Lake ViewJumeirah Lake Towers | 79 | all | 710 |
| 7 | Hub Canal 1Dubai Sports City | 54 | 0 | 974 |
| 8 | New Dubai Gate 1Jumeirah Lake Towers | 48 | 0 | 785 |
| 9 | Eagle HeightsDubai Sports City | 47 | all | 1,164 |
| 10 | The TorchDubai Marina | 37 | all | 894 |
| 11 | Profile ResidenceDubai Sports City | 32 | all | 794 |
| 12 | Palace Tower 2Dubai Silicon Oasis | 25 | 19 | — |
| 13 | Paradise OneJumeirah Village Triangle | 25 | all | 1,189 |
| 14 | Marina Quays WestDubai Marina | 24 | 0 | 894 |
| 15 | West Heights 1Business Bay | 22 | 0 | 1,194 |
Every sale the tower registered in the month. The price is its median a square foot where it sold one kind of home — off-plan or completed — and a dash where it sold both, because the two are never averaged together.
The record sales
The dearest homes registered in April 2010
The dearest was an AED 11M completed three-bedroom home at Burj Khalifa, Downtown Dubai — 2,923 sq ft at AED 3,696 a square foot, registered on 6 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 6 Apr 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,923 | AED 11M | 3,696 | Completed |
| 14 Apr 2010 | Trident Grand ResidenceDubai Marina | PENTHOUSE | 7,884 | AED 9.85M | 1,249 | Off-plan |
| 23 Apr 2010 | Bay Central 2Dubai Marina | 5 B/R | 3,719 | AED 8.51M | 2,288 | Off-plan |
| 14 Apr 2010 | Silverene Tower ADubai Marina | 4 B/R | 5,219 | AED 7.47M | 1,431 | Off-plan |
| 22 Apr 2010 | Elite ResidenceDubai Marina | 4 B/R | 3,211 | AED 6.60M | 2,055 | Off-plan |
| 22 Apr 2010 | Elite ResidenceDubai Marina | 4 B/R | 3,211 | AED 6.57M | 2,045 | Off-plan |
| 22 Apr 2010 | Elite ResidenceDubai Marina | 4 B/R | 3,211 | AED 6.57M | 2,045 | Off-plan |
| 8 Apr 2010 | Princess TowerDubai Marina | 5 B/R | 6,122 | AED 6.54M | 1,068 | Off-plan |
| 8 Apr 2010 | Princess TowerDubai Marina | 5 B/R | 6,122 | AED 6.54M | 1,068 | Off-plan |
| 22 Apr 2010 | Elite ResidenceDubai Marina | 4 B/R | 3,184 | AED 6.10M | 1,917 | Off-plan |
Apartments and villas as the register files them. A house registered with its plot is filed as land, so a mansion can be missing here; it is read apart, with every year’s record since 2015, on the most expensive homes sold in Dubai. A home with no page here is named by the Land Department’s area.
Questions people ask
The Dubai property market in April 2010, answered
How many properties were sold in Dubai in April 2010?
2,275 residential sales were registered at the Dubai Land Department in April 2010, worth AED 2.9bn: 608 off-plan and 1,667 completed homes. That is 63% fewer than in April 2009, when 6,195 were registered. The count is of transfers the Land Department registered in the month; mortgage registrations, gifts, lease-to-own conversions, developers' own filings and transfers recorded at a fraction of what a home sells for are left out, because none of them is a price a buyer paid.
What was the most expensive home sold in Dubai in April 2010?
The dearest apartment or villa registered was an AED 11M completed three-bedroom home at Burj Khalifa, Downtown Dubai — 2,923 sq ft at AED 3,696 a square foot, registered on 6 April. Next came AED 9.85M at Trident Grand Residence, Dubai Marina, and AED 8.51M at Bay Central 2, Dubai Marina. A house registered with its plot is filed as land rather than as a villa, so it is read apart, on the page for the most expensive homes sold in Dubai.
Which area of Dubai had the most property sales in April 2010?
Jumeirah Lake Towers, with 580 registered sales, 496 of them completed homes; then Dubai Marina (360) and Dubai Sports City (331). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,351 across 96 resales. A community counts every building and villa project in it that has a page here.
The same register read as a year rather than a month: what every community and building sells for now is Dubai property prices, and how far prices have moved since 2020 is the Dubai property price index. Rents are read from the Ejari register as a year, with a new lease kept apart from a renewal, on Dubai rent prices.