Dubai property prices › Month by month › April 2011
The Dubai property market in April 2011
In April 2011 the Dubai Land Department registered 1,679 residential sales worth AED 3.4bn — 26% fewer than in April 2010, when it registered 2,275, and 17% more by value. Most were completed homes: 1,510, against 169 off-plan. A completed home changed hands at a median AED 1.00M, AED 800 a square foot — 2% more a foot than in April 2010.
The month in its year
April 2011 against the twelve months before it
1,679 sales in April 2011 — the fewest in a month since December 2010, against 2,275 in April 2010. Off-plan was 10% of the month, against 27% a year earlier.
Completed homes
What a completed home sold for in April 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 | 199 | AED 330K | 663 |
| 1 B/R | 568 | AED 714K | 785 |
| 2 B/R | 430 | AED 1.45M | 1,002 |
| 3 B/R | 182 | AED 2.22M | 935 |
| 4 B/R | 20 | AED 4.09M | 1,101 |
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 April to 29 April. The busiest was 25 April: 177 sales, AED 235m.
- Off-plan
- 169 sales at a median AED 958 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 150 of the 1,679, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 263 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 April, 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 | 339 | 40 | 969 |
| Jumeirah Lake Towers | 249 | 17 | 716 |
| Jumeirah Village Circle | 207 | 15 | 666 |
| Downtown Dubai | 142 | 5 | 1,886 |
| Palm Jumeirah | 136 | 15 | 1,376 |
| International City | 101 | 0 | 367 |
| Business Bay | 63 | 5 | 1,098 |
| The Springs | 48 | 0 | 508 |
| Greens | 45 | 0 | 696 |
| The Views | 41 | 0 | 972 |
| Jumeirah Beach Residence | 39 | 0 | 992 |
| Dubai Silicon Oasis | 31 | 24 | 479 |
| Culture Village | 29 | 29 | — |
| Discovery Gardens | 24 | 0 | 382 |
| Dubai Production City (IMPZ) | 20 | 1 | 1,012 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,886 | 137 |
| Palm Jumeirah | 1,376 | 121 |
| Business Bay | 1,098 | 58 |
| Dubai Production City (IMPZ) | 1,012 | 19 |
| Jumeirah Beach Residence | 992 | 39 |
| The Views | 972 | 41 |
| Dubai Marina | 969 | 299 |
| Jumeirah Lake Towers | 716 | 232 |
| Greens | 696 | 45 |
| Jumeirah Village Circle | 666 | 192 |
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 April 2011
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Emirates Gardens 1 - R2Jumeirah Village Circle | 75 | 0 | 654 |
| 2 | Burj KhalifaDowntown Dubai | 60 | 0 | 2,416 |
| 3 | Icon Tower 2Jumeirah Lake Towers | 53 | 0 | 790 |
| 4 | Le Grand ChateauJumeirah Village Circle | 46 | 0 | 707 |
| 5 | Ocean HeightsDubai Marina | 45 | 0 | 1,331 |
| 6 | Jumeirah Bay X1Jumeirah Lake Towers | 38 | 0 | 695 |
| 7 | Icon Tower 1Jumeirah Lake Towers | 32 | 0 | 742 |
| 8 | Ontario TowerBusiness Bay | 29 | 0 | 1,144 |
| 9 | Emirates Gardens1 1 - L2Jumeirah Village Circle | 24 | 0 | 657 |
| 10 | MAG 218Dubai Marina | 23 | 0 | 800 |
| 11 | Emirates CrownDubai Marina | 20 | 0 | 871 |
| 12 | Sobha DaffodilJumeirah Village Circle | 20 | 0 | 886 |
| 13 | Sanibel TowerDubai Marina | 18 | 0 | 930 |
| 14 | Marina HeightsDubai Marina | 17 | 0 | 750 |
| 15 | Lake TerraceJumeirah Lake Towers | 16 | 0 | 618 |
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 April 2011
The dearest was an AED 18M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,279 sq ft at AED 4,275 a square foot, registered on 12 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 12 Apr 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,279 | AED 18M | 4,275 | Completed |
| 18 Apr 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 16M | 3,530 | Completed |
| 13 Apr 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,279 | AED 15M | 3,507 | Completed |
| 6 Apr 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,493 | AED 15M | 3,294 | Completed |
| 27 Apr 2011 | Le ReveDubai Marina | 4 B/R | 6,308 | AED 13M | 2,108 | Completed |
| 18 Apr 2011 | Le ReveDubai Marina | 4 B/R | 6,100 | AED 13M | 2,098 | Completed |
| 5 Apr 2011 | Burj KhalifaDowntown Dubai | 1 B/R | 1,133 | AED 11M | 9,709 | Completed |
| 25 Apr 2011 | Ocean HeightsDubai Marina | PENTHOUSE | 3,835 | AED 9.48M | 2,471 | Completed |
| 28 Apr 2011 | The Fairmont Palm Residence NorthPalm Jumeirah | PENTHOUSE | 9,776 | AED 9.30M | 951 | Off-plan |
| 6 Apr 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,728 | AED 8.97M | 3,290 | 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 April 2011, answered
How many properties were sold in Dubai in April 2011?
1,679 residential sales were registered at the Dubai Land Department in April 2011, worth AED 3.4bn: 169 off-plan and 1,510 completed homes. That is 26% fewer than in April 2010, when 2,275 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 April 2011?
The dearest apartment or villa registered was an AED 18M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,279 sq ft at AED 4,275 a square foot, registered on 12 April. 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 April 2011?
Dubai Marina, with 339 registered sales, 299 of them completed homes; then Jumeirah Lake Towers (249) and Jumeirah Village Circle (207). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,886 across 137 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.