Dubai property prices › Month by month › September 2010
The Dubai property market in September 2010
In September 2010 the Dubai Land Department registered 1,014 residential sales worth AED 1.7bn — 53% fewer than in September 2009, when it registered 2,158, and 31% less by value. Most were completed homes: 888, against 126 off-plan. A completed home changed hands at a median AED 1.14M, AED 784 a square foot — 8% more a foot than in September 2009.
The month in its year
September 2010 against the twelve months before it
1,014 sales in September 2010 — fewer than any month since January 2009, against 2,158 in September 2009. Off-plan was 12% of the month, against 49% a year earlier.
Completed homes
What a completed home sold for in September 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 | 139 | AED 275K | 563 |
| 1 B/R | 292 | AED 745K | 786 |
| 2 B/R | 223 | AED 1.48M | 963 |
| 3 B/R | 140 | AED 1.99M | 844 |
| 4 B/R | 22 | AED 2.60M | 908 |
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
- 17, 1 September to 30 September. The busiest was 27 September: 114 sales, AED 243m.
- Off-plan
- 126 sales at a median AED 1,101 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 116 of the 1,014, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 153 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 September, 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 | 162 | 47 | 761 |
| International City | 140 | 0 | 403 |
| Jumeirah Lake Towers | 112 | 11 | 780 |
| Palm Jumeirah | 101 | 19 | 1,374 |
| Downtown Dubai | 100 | 5 | 1,544 |
| Business Bay | 87 | 6 | 909 |
| The Springs | 45 | 0 | 343 |
| Greens | 34 | 0 | 638 |
| Jumeirah Village Circle | 25 | 16 | 715 |
| Dubai Production City (IMPZ) | 21 | 5 | 1,038 |
| Jumeirah Beach Residence | 18 | 0 | 911 |
| Discovery Gardens | 15 | 0 | 553 |
| The Views | 14 | 0 | 1,045 |
| Motor City | 11 | 0 | 740 |
| Barsha Heights (Tecom) | 10 | 0 | 905 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,544 | 95 |
| Palm Jumeirah | 1,374 | 82 |
| The Views | 1,045 | 14 |
| Dubai Production City (IMPZ) | 1,038 | 16 |
| Jumeirah Beach Residence | 911 | 18 |
| Business Bay | 909 | 81 |
| Barsha Heights (Tecom) | 905 | 10 |
| Jumeirah Lake Towers | 780 | 101 |
| Dubai Marina | 761 | 115 |
| Motor City | 740 | 11 |
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 September 2010
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Building U06International City | 55 | 0 | 411 |
| 2 | West Heights 5Business Bay | 31 | 0 | 908 |
| 3 | Burj KhalifaDowntown Dubai | 27 | 0 | 2,405 |
| 4 | Oceana CaribbeanPalm Jumeirah | 20 | 0 | 1,300 |
| 5 | Dream TowerDubai Marina | 15 | 0 | 430 |
| 6 | Marina PinnacleDubai Marina | 15 | all | 1,578 |
| 7 | Lake TerraceJumeirah Lake Towers | 14 | 0 | 640 |
| 8 | West Heights 1Business Bay | 14 | 0 | 963 |
| 9 | Building U07International City | 14 | 0 | 411 |
| 10 | Lake View TowerJumeirah Lake Towers | 13 | 0 | 712 |
| 11 | New Dubai Gate 1Jumeirah Lake Towers | 13 | 0 | 885 |
| 12 | West Heights 3Business Bay | 11 | 0 | 1,112 |
| 13 | Armada Tower 3Jumeirah Lake Towers | 11 | 0 | 1,019 |
| 14 | Madison ResidencyBarsha Heights (Tecom) | 10 | 0 | 905 |
| 15 | Oceana PacificPalm Jumeirah | 10 | 0 | 1,430 |
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 September 2010
The dearest was an AED 12M completed three-bedroom home at Burj Khalifa, Downtown Dubai — 2,663 sq ft at AED 4,416 a square foot, registered on 15 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 15 Sept 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 12M | 4,416 | Completed |
| 7 Sept 2010 | West Heights 4Business Bay | 4 B/R | 6,480 | AED 7.00M | 1,080 | Completed |
| 29 Sept 2010 | The Fairmont Palm Residence NorthPalm Jumeirah | PENTHOUSE | 4,001 | AED 6.90M | 1,725 | Off-plan |
| 16 Sept 2010 | Marina Residences 2Palm Jumeirah | 3 B/R | 4,053 | AED 6.41M | 1,582 | Completed |
| 2 Sept 2010 | West Heights 1Business Bay | 4 B/R | 6,763 | AED 6.40M | 946 | Completed |
| 2 Sept 2010 | West Heights 1Business Bay | 4 B/R | 6,704 | AED 6.30M | 940 | Completed |
| 2 Sept 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,008 | AED 5.18M | 2,578 | Completed |
| 28 Sept 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 1,778 | AED 5.10M | 2,868 | Completed |
| 7 Sept 2010 | Al Hebiah First | 4 B/R | 11,813 | AED 5.00M | 423 | Completed |
| 14 Sept 2010 | Plaza Boutique 5Business Bay | 4 B/R | 7,798 | AED 4.83M | 619 | 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 September 2010, answered
How many properties were sold in Dubai in September 2010?
1,014 residential sales were registered at the Dubai Land Department in September 2010, worth AED 1.7bn: 126 off-plan and 888 completed homes. That is 53% fewer than in September 2009, when 2,158 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 September 2010?
The dearest apartment or villa registered was an AED 12M completed three-bedroom home at Burj Khalifa, Downtown Dubai — 2,663 sq ft at AED 4,416 a square foot, registered on 15 September. Next came AED 7.00M at West Heights 4, Business Bay, and AED 6.90M at The Fairmont Palm Residence North, 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 September 2010?
Dubai Marina, with 162 registered sales, 115 of them completed homes; then International City (140) and Jumeirah Lake Towers (112). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,544 across 95 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.