Dubai property prices › Month by month › June 2010
The Dubai property market in June 2010
In June 2010 the Dubai Land Department registered 3,054 residential sales worth AED 4.2bn — 54% fewer than in June 2009, when it registered 6,635, and 47% less by value. Most were completed homes: 1,796, against 1,258 off-plan. A completed home changed hands at a median AED 776K, AED 747 a square foot — 3% more a foot than in June 2009.
The month in its year
June 2010 against the twelve months before it
3,054 sales in June 2010, against 6,635 in June 2009. Off-plan was 41% of the month, against 59% a year earlier.
Completed homes
What a completed home sold for in June 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 | 409 | AED 299K | 638 |
| 1 B/R | 692 | AED 585K | 708 |
| 2 B/R | 371 | AED 1.36M | 881 |
| 3 B/R | 194 | AED 2.20M | 856 |
| 4 B/R | 22 | AED 2.73M | 778 |
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
- 19, 1 June to 30 June. The busiest was 29 June: 477 sales, AED 849m.
- Off-plan
- 1,258 sales at a median AED 1,179 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 163 of the 3,054, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 90 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 June, 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 |
|---|---|---|---|
| Downtown Dubai | 603 | 425 | 1,355 |
| Jumeirah Lake Towers | 585 | 204 | 748 |
| Dubai Marina | 477 | 215 | 822 |
| International City | 387 | 3 | 418 |
| Dubai Sports City | 186 | 185 | 1,226 |
| Business Bay | 112 | 29 | 979 |
| Dubai Silicon Oasis | 106 | 15 | 839 |
| Jumeirah Village Circle | 63 | 60 | 500 |
| Jumeirah Beach Residence | 52 | 0 | 914 |
| The Springs | 48 | 0 | 391 |
| Discovery Gardens | 40 | 0 | 604 |
| Palm Jumeirah | 38 | 18 | 1,010 |
| The Views | 34 | 0 | 936 |
| Greens | 29 | 0 | 874 |
| Barsha Heights (Tecom) | 27 | 5 | 935 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,355 | 178 |
| Palm Jumeirah | 1,010 | 20 |
| Business Bay | 979 | 83 |
| The Views | 936 | 34 |
| Barsha Heights (Tecom) | 935 | 22 |
| Jumeirah Beach Residence | 914 | 52 |
| Greens | 874 | 29 |
| Dubai Silicon Oasis | 839 | 91 |
| Dubai Marina | 822 | 262 |
| The Lakes | 820 | 10 |
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 June 2010
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | 29 Burj Boulevard Tower 1Downtown Dubai | 221 | all | 1,858 |
| 2 | Wind Tower 1Jumeirah Lake Towers | 193 | all | 555 |
| 3 | Lake View TowerJumeirah Lake Towers | 130 | 0 | 702 |
| 4 | Boulevard Central Tower 2Downtown Dubai | 101 | all | 1,572 |
| 5 | Skyview TowerDubai Marina | 96 | all | 1,247 |
| 6 | Global Golf Residences 2Dubai Sports City | 96 | all | 1,040 |
| 7 | Boulevard Central Tower 1Downtown Dubai | 92 | all | 1,584 |
| 8 | Building U12International City | 77 | 0 | 403 |
| 9 | Building U08International City | 71 | 0 | 403 |
| 10 | Building S01International City | 65 | 0 | 415 |
| 11 | Palace Tower 2Dubai Silicon Oasis | 63 | 0 | 842 |
| 12 | New Dubai Gate 1Jumeirah Lake Towers | 58 | 0 | 868 |
| 13 | Dream TowerDubai Marina | 44 | 0 | 426 |
| 14 | Lakeshore Tower 1Jumeirah Lake Towers | 42 | 0 | 759 |
| 15 | Amal TowerDubai Sports City | 39 | all | 874 |
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 June 2010
The dearest was an AED 16M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,596 sq ft at AED 3,496 a square foot, registered on 10 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 10 Jun 2010 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 16M | 3,496 | Completed |
| 21 Jun 2010 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 15M | 3,264 | Completed |
| 8 Jun 2010 | Marina Residences 2Palm Jumeirah | 5 B/R | 13,095 | AED 13M | 993 | Completed |
| 30 Jun 2010 | Le ReveDubai Marina | 4 B/R | 6,100 | AED 12M | 1,967 | Completed |
| 28 Jun 2010 | Palazzo VersaceCulture Village | 2 B/R | 1,686 | AED 8.21M | 4,871 | Off-plan |
| 1 Jun 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 1,778 | AED 7.12M | 4,006 | Completed |
| 1 Jun 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 1,778 | AED 7.11M | 4,000 | Completed |
| 8 Jun 2010 | Al Seef Tower 1Jumeirah Lake Towers | 5 B/R | 7,606 | AED 7.00M | 920 | Completed |
| 21 Jun 2010 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 6.90M | 898 | Completed |
| 21 Jun 2010 | Al Mass TowerDubai Marina | 5 B/R | 6,339 | AED 6.90M | 1,089 | Completed |
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 June 2010, answered
How many properties were sold in Dubai in June 2010?
3,054 residential sales were registered at the Dubai Land Department in June 2010, worth AED 4.2bn: 1,258 off-plan and 1,796 completed homes. That is 54% fewer than in June 2009, when 6,635 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 June 2010?
The dearest apartment or villa registered was an AED 16M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,596 sq ft at AED 3,496 a square foot, registered on 10 June. Next came AED 15M at Burj Khalifa, Downtown Dubai, and AED 13M at Marina Residences 2, Palm Jumeirah. 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 June 2010?
Downtown Dubai, with 603 registered sales, 425 of them off-plan; then Jumeirah Lake Towers (585) and Dubai Marina (477). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,355 across 178 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.