Dubai property prices › Month by month › October 2010
The Dubai property market in October 2010
In October 2010 the Dubai Land Department registered 1,457 residential sales worth AED 2.1bn — 31% fewer than in October 2009, when it registered 2,118, and 28% less by value. Most were completed homes: 1,294, against 163 off-plan. A completed home changed hands at a median AED 998K, AED 768 a square foot — 7% more a foot than in October 2009.
The month in its year
October 2010 against the twelve months before it
1,457 sales in October 2010, against 2,118 in October 2009. Off-plan was 11% of the month, against 32% a year earlier.
Completed homes
What a completed home sold for in October 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 | 189 | AED 323K | 665 |
| 1 B/R | 495 | AED 658K | 803 |
| 2 B/R | 298 | AED 1.36M | 935 |
| 3 B/R | 189 | AED 2.02M | 777 |
| 4 B/R | 19 | AED 4.03M | 980 |
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, 4 October to 28 October. The busiest was 25 October: 182 sales, AED 297m.
- Off-plan
- 163 sales at a median AED 1,106 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 169 of the 1,457, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 223 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 October, 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 | 288 | 56 | 685 |
| International City | 182 | 0 | 413 |
| Downtown Dubai | 176 | 11 | 1,439 |
| Jumeirah Lake Towers | 139 | 5 | 817 |
| Palm Jumeirah | 96 | 16 | 1,301 |
| Dubai Sports City | 78 | 27 | 1,201 |
| Business Bay | 65 | 22 | 973 |
| Dubai Production City (IMPZ) | 48 | 10 | 1,030 |
| The Springs | 42 | 0 | 399 |
| Greens | 39 | 0 | 718 |
| Jumeirah Beach Residence | 38 | 0 | 598 |
| The Views | 31 | 7 | 961 |
| Jumeirah Village Circle | 30 | 3 | 660 |
| Discovery Gardens | 14 | 0 | 541 |
| Dubai Silicon Oasis | 13 | 0 | 651 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,439 | 165 |
| Palm Jumeirah | 1,301 | 80 |
| Dubai Sports City | 1,201 | 51 |
| Dubai Production City (IMPZ) | 1,030 | 38 |
| Business Bay | 973 | 43 |
| The Views | 961 | 24 |
| Barsha Heights (Tecom) | 928 | 13 |
| Jumeirah Lake Towers | 817 | 134 |
| Greens | 718 | 39 |
| Dubai Marina | 685 | 232 |
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 October 2010
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Dream TowerDubai Marina | 87 | 0 | 432 |
| 2 | Burj KhalifaDowntown Dubai | 50 | 0 | 2,331 |
| 3 | Building M07International City | 48 | 0 | 538 |
| 4 | The DiamondDubai Sports City | 44 | 0 | 1,202 |
| 5 | Building S15International City | 38 | 0 | 415 |
| 6 | New Dubai Gate 1Jumeirah Lake Towers | 24 | 0 | 821 |
| 7 | Giovanni Boutique SuitesDubai Sports City | 21 | all | 1,283 |
| 8 | Marina MansionsDubai Marina | 20 | 0 | 619 |
| 9 | The Crescent BDubai Production City (IMPZ) | 19 | 0 | 1,027 |
| 10 | Lake TerraceJumeirah Lake Towers | 17 | 0 | 604 |
| 11 | Armada Tower 3Jumeirah Lake Towers | 15 | 0 | 1,019 |
| 12 | Madison ResidencyBarsha Heights (Tecom) | 13 | 0 | 928 |
| 13 | Lakeshore Tower 1Jumeirah Lake Towers | 13 | 0 | 781 |
| 14 | Building U06International City | 12 | 0 | 411 |
| 15 | MAG 218Dubai Marina | 12 | all | 899 |
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 October 2010
The dearest was an AED 8.94M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,058 sq ft at AED 4,343 a square foot, registered on 4 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 4 Oct 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,058 | AED 8.94M | 4,343 | Completed |
| 25 Oct 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,728 | AED 8.81M | 3,228 | Completed |
| 25 Oct 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 8.25M | 3,099 | Completed |
| 25 Oct 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,203 | AED 6.87M | 3,119 | Completed |
| 11 Oct 2010 | Emirates CrownDubai Marina | 3 B/R | 3,881 | AED 6.60M | 1,700 | Completed |
| 11 Oct 2010 | Emirates CrownDubai Marina | 3 B/R | 3,885 | AED 6.50M | 1,673 | Completed |
| 19 Oct 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,036 | AED 6.30M | 3,095 | Completed |
| 25 Oct 2010 | Burj KhalifaDowntown Dubai | 2 B/R | 2,058 | AED 6.18M | 3,004 | Completed |
| 20 Oct 2010 | Le ReveDubai Marina | 4 B/R | 6,100 | AED 6.00M | 984 | Completed |
| 25 Oct 2010 | Al Hebiah First | 5 B/R | 11,650 | AED 5.80M | 498 | 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 October 2010, answered
How many properties were sold in Dubai in October 2010?
1,457 residential sales were registered at the Dubai Land Department in October 2010, worth AED 2.1bn: 163 off-plan and 1,294 completed homes. That is 31% fewer than in October 2009, when 2,118 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 October 2010?
The dearest apartment or villa registered was an AED 8.94M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,058 sq ft at AED 4,343 a square foot, registered on 4 October. Next came AED 8.81M at Burj Khalifa, Downtown Dubai, and AED 8.25M 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 October 2010?
Dubai Marina, with 288 registered sales, 232 of them completed homes; then International City (182) and Downtown Dubai (176). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,439 across 165 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.