Dubai property prices › Month by month › March 2011
The Dubai property market in March 2011
In March 2011 the Dubai Land Department registered 2,133 residential sales worth AED 3.3bn — 64% fewer than in March 2010, when it registered 5,856, and 58% less by value. Most were completed homes: 1,966, against 167 off-plan. A completed home changed hands at a median AED 1.13M, AED 791 a square foot — 1% more a foot than in March 2010.
The month in its year
March 2011 against the twelve months before it
2,133 sales in March 2011 — the most in a month since June 2010, against 5,856 in March 2010. Off-plan was 8% of the month, against 62% a year earlier.
Completed homes
What a completed home sold for in March 2011
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 | 231 | AED 321K | 683 |
| 1 B/R | 698 | AED 796K | 778 |
| 2 B/R | 629 | AED 1.48M | 927 |
| 3 B/R | 283 | AED 2.17M | 905 |
| 4 B/R | 27 | AED 2.81M | 909 |
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
- 20, 1 March to 31 March. The busiest was 21 March: 225 sales, AED 318m.
- Off-plan
- 167 sales at a median AED 942 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 183 of the 2,133, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 358 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 March, 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 | 396 | 63 | 956 |
| Downtown Dubai | 241 | 9 | 1,313 |
| Jumeirah Lake Towers | 211 | 17 | 700 |
| Palm Jumeirah | 158 | 35 | 1,399 |
| Jumeirah Beach Residence | 157 | 0 | 628 |
| Motor City | 147 | 0 | 745 |
| International City | 135 | 2 | 367 |
| Jumeirah Village Circle | 126 | 14 | 724 |
| Business Bay | 101 | 4 | 981 |
| The Views | 100 | 0 | 1,131 |
| Greens | 69 | 0 | 711 |
| The Springs | 58 | 0 | 456 |
| Discovery Gardens | 37 | 0 | 391 |
| Dubai Sports City | 18 | 15 | 862 |
| Dubai Production City (IMPZ) | 15 | 1 | 959 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Palm Jumeirah | 1,399 | 123 |
| Downtown Dubai | 1,313 | 232 |
| The Views | 1,131 | 100 |
| Business Bay | 981 | 97 |
| Dubai Production City (IMPZ) | 959 | 14 |
| Dubai Marina | 956 | 333 |
| Motor City | 745 | 147 |
| Jumeirah Village Circle | 724 | 112 |
| Greens | 711 | 69 |
| Jumeirah Lake Towers | 700 | 194 |
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 March 2011
The 15 buildings with the most sales registered in March, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Bahar 4Jumeirah Beach Residence | 110 | 0 | 628 |
| 2 | New Bridge Hills 3Motor City | 100 | 0 | 745 |
| 3 | Dubai Marina Mall HotelDubai Marina | 75 | 0 | 2,329 |
| 4 | Burj KhalifaDowntown Dubai | 56 | 1 | — |
| 5 | Concorde TowerJumeirah Lake Towers | 50 | 0 | 586 |
| 6 | Foxhill 6Motor City | 45 | 0 | 746 |
| 7 | TanaroThe Views | 35 | 0 | 1,528 |
| 8 | The Lofts EastDowntown Dubai | 34 | 0 | 1,044 |
| 9 | Icon Tower 1Jumeirah Lake Towers | 30 | 0 | 715 |
| 10 | Fairfield TowerDubai Marina | 25 | 0 | 1,071 |
| 11 | MAG 218Dubai Marina | 25 | 0 | 797 |
| 12 | West Heights 5Business Bay | 23 | 0 | 909 |
| 13 | Emirates Gardens 1 - R1Jumeirah Village Circle | 21 | 0 | 753 |
| 14 | Icon Tower 2Jumeirah Lake Towers | 21 | 0 | 791 |
| 15 | Marina PinnacleDubai Marina | 20 | all | 1,350 |
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 March 2011
The dearest was an AED 23M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 7,161 sq ft at AED 3,194 a square foot, registered on 28 March.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 28 Mar 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 7,161 | AED 23M | 3,194 | Completed |
| 10 Mar 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,008 | AED 16M | 8,138 | Completed |
| 9 Mar 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,279 | AED 15M | 3,495 | Completed |
| 31 Mar 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,493 | AED 15M | 3,277 | Completed |
| 16 Mar 2011 | Marina Residences 2Palm Jumeirah | 4 B/R | 6,821 | AED 11M | 1,646 | Completed |
| 2 Mar 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,109 | AED 9.28M | 4,400 | Completed |
| 28 Mar 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,333 | AED 8.52M | 3,652 | Completed |
| 14 Mar 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 7.99M | 3,000 | Completed |
| 29 Mar 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,333 | AED 7.71M | 3,305 | Completed |
| 3 Mar 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,388 | AED 7.52M | 3,149 | 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 March 2011, answered
How many properties were sold in Dubai in March 2011?
2,133 residential sales were registered at the Dubai Land Department in March 2011, worth AED 3.3bn: 167 off-plan and 1,966 completed homes. That is 64% fewer than in March 2010, when 5,856 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 March 2011?
The dearest apartment or villa registered was an AED 23M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 7,161 sq ft at AED 3,194 a square foot, registered on 28 March. Next came AED 16M at Burj Khalifa, Downtown Dubai, and AED 15M 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 March 2011?
Dubai Marina, with 396 registered sales, 333 of them completed homes; then Downtown Dubai (241) and Jumeirah Lake Towers (211). The dearest, by the median price of a square foot of completed home, was Palm Jumeirah at AED 1,399 across 123 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.