Dubai property prices › Month by month › July 2010
The Dubai property market in July 2010
In July 2010 the Dubai Land Department registered 1,427 residential sales worth AED 2.2bn — 71% fewer than in July 2009, when it registered 4,984, and 65% less by value. Most were completed homes: 1,264, against 163 off-plan. A completed home changed hands at a median AED 1.18M, AED 858 a square foot — 19% more a foot than in July 2009.
The month in its year
July 2010 against the twelve months before it
1,427 sales in July 2010 — the fewest in a month since January 2010, against 4,984 in July 2009. Off-plan was 11% of the month, against 66% a year earlier.
Completed homes
What a completed home sold for in July 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 | 172 | AED 334K | 735 |
| 1 B/R | 431 | AED 825K | 949 |
| 2 B/R | 348 | AED 1.42M | 966 |
| 3 B/R | 205 | AED 2.42M | 831 |
| 4 B/R | 10 | AED 2.81M | 776 |
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
- 18, 1 July to 29 July. The busiest was 5 July: 164 sales, AED 270m.
- Off-plan
- 163 sales at a median AED 923 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 184 of the 1,427, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 242 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 July, 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 | 271 | 21 | 1,740 |
| Dubai Marina | 258 | 57 | 949 |
| Jumeirah Lake Towers | 210 | 4 | 754 |
| International City | 129 | 3 | 500 |
| Business Bay | 77 | 13 | 979 |
| The Springs | 50 | 0 | 435 |
| Dubai Silicon Oasis | 46 | 15 | 807 |
| Jumeirah Beach Residence | 36 | 0 | 781 |
| Palm Jumeirah | 29 | 11 | 835 |
| Jumeirah Village Circle | 26 | 16 | 805 |
| The Views | 26 | 0 | 991 |
| Greens | 26 | 0 | 752 |
| Dubai Sports City | 25 | 9 | 1,240 |
| Motor City | 18 | 0 | 631 |
| Discovery Gardens | 17 | 0 | 542 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,740 | 250 |
| Dubai Sports City | 1,240 | 16 |
| The Views | 991 | 26 |
| Business Bay | 979 | 64 |
| Barsha Heights (Tecom) | 950 | 12 |
| Dubai Marina | 949 | 201 |
| The Lakes | 899 | 16 |
| Palm Jumeirah | 835 | 18 |
| Dubai Silicon Oasis | 807 | 31 |
| Jumeirah Village Circle | 805 | 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 July 2010
The 15 buildings with the most sales registered in July, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Burj KhalifaDowntown Dubai | 102 | 0 | 2,271 |
| 2 | Marina Quays NorthDubai Marina | 32 | 0 | 1,267 |
| 3 | Palace Tower 2Dubai Silicon Oasis | 30 | 6 | — |
| 4 | Lake TerraceJumeirah Lake Towers | 28 | 0 | 572 |
| 5 | Lake Point TowerJumeirah Lake Towers | 27 | 0 | 1,200 |
| 6 | Dream TowerDubai Marina | 24 | 0 | 602 |
| 7 | New Dubai Gate 1Jumeirah Lake Towers | 24 | 0 | 870 |
| 8 | Marina Quays WestDubai Marina | 21 | 0 | 949 |
| 9 | MAG 218Dubai Marina | 18 | all | 878 |
| 10 | East Heights 2Business Bay | 18 | 0 | 1,188 |
| 11 | V3 TowerJumeirah Lake Towers | 17 | 0 | 718 |
| 12 | Lake View TowerJumeirah Lake Towers | 17 | 0 | 718 |
| 13 | The Lofts PodiumDowntown Dubai | 16 | 0 | 1,193 |
| 14 | Armada Tower 1Jumeirah Lake Towers | 16 | 0 | 1,276 |
| 15 | Al Dana 1International City | 14 | 0 | 533 |
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 July 2010
The dearest was an AED 8.66M completed one-bedroom home at Burj Khalifa, Downtown Dubai — 1,103 sq ft at AED 7,852 a square foot, registered on 21 July.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 21 Jul 2010 | Burj KhalifaDowntown Dubai | 1 B/R | 1,103 | AED 8.66M | 7,852 | Completed |
| 27 Jul 2010 | Burj KhalifaDowntown Dubai | 1 B/R | 986 | AED 8.55M | 8,677 | Completed |
| 5 Jul 2010 | Saba Tower 3Jumeirah Lake Towers | 5 B/R | 5,903 | AED 7.86M | 1,331 | Completed |
| 19 Jul 2010 | Emirates CrownDubai Marina | 5 B/R | 7,687 | AED 7.80M | 1,015 | Completed |
| 12 Jul 2010 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 7.59M | 988 | Completed |
| 15 Jul 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,008 | AED 7.22M | 3,594 | Completed |
| 5 Jul 2010 | Bahar 4Jumeirah Beach Residence | 2 B/R | 5,151 | AED 7.00M | 1,359 | Completed |
| 8 Jul 2010 | Tajer ResidencesDowntown Dubai | 3 B/R | 4,089 | AED 6.87M | 1,680 | Completed |
| 26 Jul 2010 | Residences_E3Downtown Dubai | 3 B/R | 1,977 | AED 6.70M | 3,389 | Completed |
| 22 Jul 2010 | Paloma TowerDubai Marina | 3 B/R | 3,366 | AED 6.55M | 1,947 | 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 July 2010, answered
How many properties were sold in Dubai in July 2010?
1,427 residential sales were registered at the Dubai Land Department in July 2010, worth AED 2.2bn: 163 off-plan and 1,264 completed homes. That is 71% fewer than in July 2009, when 4,984 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 July 2010?
The dearest apartment or villa registered was an AED 8.66M completed one-bedroom home at Burj Khalifa, Downtown Dubai — 1,103 sq ft at AED 7,852 a square foot, registered on 21 July. Next came AED 8.55M at Burj Khalifa, Downtown Dubai, and AED 7.86M at Saba Tower 3, Jumeirah Lake Towers. 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 July 2010?
Downtown Dubai, with 271 registered sales, 250 of them completed homes; then Dubai Marina (258) and Jumeirah Lake Towers (210). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,740 across 250 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.