Dubai property prices › Month by month › December 2010
The Dubai property market in December 2010
In December 2010 the Dubai Land Department registered 1,090 residential sales worth AED 1.9bn — 55% fewer than in December 2009, when it registered 2,397, and 47% less by value. Most were completed homes: 1,020, against 70 off-plan. A completed home changed hands at a median AED 1.20M, AED 815 a square foot — 3% more a foot than in December 2009.
The month in its year
December 2010 against the twelve months before it
1,090 sales in December 2010, against 2,397 in December 2009. Off-plan was 6% of the month, against 43% a year earlier.
Completed homes
What a completed home sold for in December 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 | 156 | AED 285K | 567 |
| 1 B/R | 356 | AED 739K | 822 |
| 2 B/R | 280 | AED 1.60M | 1,013 |
| 3 B/R | 130 | AED 2.39M | 906 |
| 4 B/R | 14 | AED 2.89M | 850 |
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 December to 30 December. The busiest was 13 December: 130 sales, AED 297m.
- Off-plan
- 70 sales at a median AED 836 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 123 of the 1,090, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 163 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 December, 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 | 201 | 28 | 865 |
| Downtown Dubai | 136 | 6 | 1,597 |
| International City | 132 | 0 | 391 |
| Jumeirah Lake Towers | 127 | 12 | 720 |
| Palm Jumeirah | 112 | 4 | 1,320 |
| Jumeirah Beach Residence | 49 | 0 | 782 |
| Jumeirah Village Circle | 41 | 1 | 700 |
| The Views | 40 | 3 | 987 |
| Business Bay | 38 | 3 | 958 |
| The Springs | 29 | 0 | 514 |
| Greens | 27 | 0 | 767 |
| Dubai Sports City | 14 | 8 | 1,068 |
| Barsha Heights (Tecom) | 12 | 0 | 1,062 |
| Discovery Gardens | 10 | 0 | 478 |
| The Lakes | 9 | 0 | 853 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,597 | 130 |
| Palm Jumeirah | 1,320 | 108 |
| Barsha Heights (Tecom) | 1,062 | 12 |
| The Views | 987 | 37 |
| Business Bay | 958 | 35 |
| Dubai Marina | 865 | 173 |
| Jumeirah Beach Residence | 782 | 49 |
| Greens | 767 | 27 |
| Jumeirah Lake Towers | 720 | 115 |
| Jumeirah Village Circle | 700 | 40 |
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 December 2010
The 15 buildings with the most sales registered in December, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Concorde TowerJumeirah Lake Towers | 47 | 0 | 685 |
| 2 | Burj KhalifaDowntown Dubai | 45 | 0 | 2,450 |
| 3 | Dubai Marina Mall HotelDubai Marina | 26 | 0 | 2,499 |
| 4 | Mosela Waterside ResidencesThe Views | 20 | 0 | 1,034 |
| 5 | MAG 218Dubai Marina | 18 | 0 | 805 |
| 6 | Emirates Gardens 1 - G1Jumeirah Village Circle | 18 | 0 | 628 |
| 7 | Building U15International City | 16 | 0 | 411 |
| 8 | Building U18International City | 15 | 0 | 411 |
| 9 | Madison ResidencyBarsha Heights (Tecom) | 12 | 0 | 1,062 |
| 10 | Oceana CaribbeanPalm Jumeirah | 12 | 0 | 1,327 |
| 11 | Bonaire TowerDubai Marina | 11 | 0 | 1,168 |
| 12 | Oceana SouthernPalm Jumeirah | 11 | 0 | 1,499 |
| 13 | Armada Tower 3Jumeirah Lake Towers | 10 | 0 | 965 |
| 14 | East Heights 4Business Bay | 10 | 0 | 993 |
| 15 | Oceana PacificPalm Jumeirah | 10 | 0 | 1,461 |
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 December 2010
The dearest was an AED 13M completed four-bedroom home at Marina Residences 5, Palm Jumeirah — 10,254 sq ft at AED 1,262 a square foot, registered on 15 December.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 15 Dec 2010 | Marina Residences 5Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 16 Dec 2010 | Oceana SouthernPalm Jumeirah | 4 B/R | 5,355 | AED 11M | 1,961 | Completed |
| 27 Dec 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,923 | AED 9.16M | 3,133 | Completed |
| 28 Dec 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,728 | AED 8.64M | 3,166 | Completed |
| 27 Dec 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 8.22M | 3,086 | Completed |
| 30 Dec 2010 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 7.36M | 1,305 | Off-plan |
| 28 Dec 2010 | Trident Grand ResidenceDubai Marina | PENTHOUSE | 6,353 | AED 7.28M | 1,145 | Off-plan |
| 20 Dec 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 6.96M | 2,613 | Completed |
| 23 Dec 2010 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 6.80M | 885 | Completed |
| 27 Dec 2010 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 6.76M | 2,539 | 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 December 2010, answered
How many properties were sold in Dubai in December 2010?
1,090 residential sales were registered at the Dubai Land Department in December 2010, worth AED 1.9bn: 70 off-plan and 1,020 completed homes. That is 55% fewer than in December 2009, when 2,397 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 December 2010?
The dearest apartment or villa registered was an AED 13M completed four-bedroom home at Marina Residences 5, Palm Jumeirah — 10,254 sq ft at AED 1,262 a square foot, registered on 15 December. Next came AED 11M at Oceana Southern, Palm Jumeirah, and AED 9.16M 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 December 2010?
Dubai Marina, with 201 registered sales, 173 of them completed homes; then Downtown Dubai (136) and International City (132). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,597 across 130 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.