Dubai property prices › Month by month › August 2010
The Dubai property market in August 2010
In August 2010 the Dubai Land Department registered 2,110 residential sales worth AED 3.1bn — 57% fewer than in August 2009, when it registered 4,855, and 55% less by value. Most were completed homes: 1,840, against 270 off-plan. A completed home changed hands at a median AED 982K, AED 887 a square foot — 19% more a foot than in August 2009.
The month in its year
August 2010 against the twelve months before it
2,110 sales in August 2010, against 4,855 in August 2009. Off-plan was 13% of the month, against 65% a year earlier.
Completed homes
What a completed home sold for in August 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 | 320 | AED 327K | 761 |
| 1 B/R | 665 | AED 727K | 841 |
| 2 B/R | 517 | AED 1.51M | 1,057 |
| 3 B/R | 220 | AED 2.52M | 921 |
| 4 B/R | 28 | AED 3.31M | 972 |
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, 2 August to 31 August. The busiest was 9 August: 277 sales, AED 528m.
- Off-plan
- 270 sales at a median AED 925 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 205 of the 2,110, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 232 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 August, 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 |
|---|---|---|---|
| Dubai Marina | 513 | 69 | 1,092 |
| International City | 266 | 4 | 412 |
| Downtown Dubai | 240 | 6 | 1,490 |
| Jumeirah Lake Towers | 174 | 12 | 724 |
| Dubai Silicon Oasis | 115 | 17 | 990 |
| Palm Jumeirah | 99 | 13 | 1,367 |
| Dubai Production City (IMPZ) | 79 | 69 | 990 |
| The Views | 76 | 0 | 915 |
| Greens | 73 | 0 | 722 |
| Business Bay | 65 | 7 | 966 |
| The Springs | 56 | 0 | 463 |
| Jumeirah Beach Residence | 41 | 0 | 795 |
| Discovery Gardens | 34 | 0 | 556 |
| Jumeirah Village Triangle | 31 | 31 | — |
| Jumeirah Village Circle | 30 | 16 | 680 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,490 | 234 |
| Palm Jumeirah | 1,367 | 86 |
| Dubai Marina | 1,092 | 444 |
| Dubai Production City (IMPZ) | 990 | 10 |
| Dubai Silicon Oasis | 990 | 98 |
| Business Bay | 966 | 58 |
| Dubai Sports City | 948 | 18 |
| The Lakes | 924 | 15 |
| The Views | 915 | 76 |
| Jumeirah Beach Residence | 795 | 41 |
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 August 2010
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | The Royal OceanicDubai Marina | 166 | 4 | — |
| 2 | The PointDubai Marina | 143 | 10 | — |
| 3 | Building U07International City | 55 | 0 | 403 |
| 4 | Burj KhalifaDowntown Dubai | 51 | 0 | 2,336 |
| 5 | Lakeside Tower BDubai Production City (IMPZ) | 47 | all | 737 |
| 6 | Building S10International City | 45 | 0 | 418 |
| 7 | Spring OasisDubai Silicon Oasis | 45 | 0 | 1,071 |
| 8 | Lake View TowerJumeirah Lake Towers | 44 | 0 | 739 |
| 9 | Building S05International City | 37 | 0 | 409 |
| 10 | Imperial Residence 2Jumeirah Village Triangle | 31 | all | 400 |
| 11 | Lake TerraceJumeirah Lake Towers | 27 | 0 | 607 |
| 12 | Palace Tower 2Dubai Silicon Oasis | 27 | 0 | 824 |
| 13 | University View Block BDubai Silicon Oasis | 21 | 0 | 412 |
| 14 | Dream TowerDubai Marina | 20 | 0 | 590 |
| 15 | Armada Tower 3Jumeirah Lake Towers | 20 | 0 | 1,043 |
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 August 2010
The dearest was an AED 14M completed four-bedroom home at West Heights 4, Business Bay — 6,486 sq ft at AED 2,142 a square foot, registered on 10 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 10 Aug 2010 | West Heights 4Business Bay | 4 B/R | 6,486 | AED 14M | 2,142 | Completed |
| 23 Aug 2010 | Marina Residences 1Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 31 Aug 2010 | Burj KhalifaDowntown Dubai | 4 B/R | 7,161 | AED 13M | 1,805 | Completed |
| 9 Aug 2010 | Jash FalqaPalm Jumeirah | 4 B/R | 5,236 | AED 11M | 2,005 | Completed |
| 5 Aug 2010 | AquamarinePalm Jumeirah | 4 B/R | 5,217 | AED 8.67M | 1,662 | Off-plan |
| 10 Aug 2010 | The Residences II - Tower 3Downtown Dubai | 3 B/R | 2,082 | AED 7.60M | 3,651 | Completed |
| 30 Aug 2010 | Elite ResidenceDubai Marina | 4 B/R | 3,211 | AED 7.23M | 2,251 | Off-plan |
| 5 Aug 2010 | Burj KhalifaDowntown Dubai | 1 B/R | 1,103 | AED 6.97M | 6,317 | Completed |
| 18 Aug 2010 | Marina Residences 6Palm Jumeirah | 3 B/R | 4,053 | AED 6.66M | 1,642 | Completed |
| 18 Aug 2010 | Marina Residences 6Palm Jumeirah | 3 B/R | 4,053 | AED 6.63M | 1,635 | 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 August 2010, answered
How many properties were sold in Dubai in August 2010?
2,110 residential sales were registered at the Dubai Land Department in August 2010, worth AED 3.1bn: 270 off-plan and 1,840 completed homes. That is 57% fewer than in August 2009, when 4,855 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 August 2010?
The dearest apartment or villa registered was an AED 14M completed four-bedroom home at West Heights 4, Business Bay — 6,486 sq ft at AED 2,142 a square foot, registered on 10 August. Next came AED 13M at Marina Residences 1, Palm Jumeirah, and AED 13M at Burj Khalifa, Downtown Dubai. 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 August 2010?
Dubai Marina, with 513 registered sales, 444 of them completed homes; then International City (266) and Downtown Dubai (240). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,490 across 234 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.