Dubai property prices › Month by month › June 2011
The Dubai property market in June 2011
In June 2011 the Dubai Land Department registered 1,502 residential sales worth AED 2.5bn — 51% fewer than in June 2010, when it registered 3,054, and 41% less by value. Most were completed homes: 1,358, against 144 off-plan. A completed home changed hands at a median AED 1.09M, AED 725 a square foot — 3% less a foot than in June 2010.
The month in its year
June 2011 against the twelve months before it
1,502 sales in June 2011 — the fewest in a month since December 2010, against 3,054 in June 2010. Off-plan was 10% of the month, against 41% a year earlier.
Completed homes
What a completed home sold for in June 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 | 205 | AED 283K | 662 |
| 1 B/R | 353 | AED 675K | 769 |
| 2 B/R | 376 | AED 1.20M | 842 |
| 3 B/R | 241 | AED 1.50M | 705 |
| 4 B/R | 51 | AED 2.50M | 805 |
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 June to 29 June. The busiest was 6 June: 209 sales, AED 408m.
- Off-plan
- 144 sales at a median AED 942 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 186 of the 1,502, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 217 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 June, 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 | 236 | 56 | 921 |
| Jumeirah Lake Towers | 224 | 6 | 743 |
| Jumeirah Beach Residence | 156 | 0 | 726 |
| Dubai Land Residence Complex | 111 | 1 | 662 |
| Palm Jumeirah | 109 | 15 | 1,417 |
| International City | 90 | 4 | 357 |
| Downtown Dubai | 64 | 12 | 1,204 |
| Business Bay | 64 | 3 | 1,018 |
| The Springs | 58 | 0 | 496 |
| Jumeirah Village Circle | 42 | 9 | 941 |
| Discovery Gardens | 39 | 0 | 475 |
| Greens | 39 | 0 | 740 |
| The Views | 28 | 1 | 1,001 |
| Dubai Sports City | 27 | 19 | 872 |
| Dubai Silicon Oasis | 19 | 11 | 449 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Palm Jumeirah | 1,417 | 94 |
| Downtown Dubai | 1,204 | 52 |
| Business Bay | 1,018 | 61 |
| The Views | 1,001 | 27 |
| Jumeirah Village Circle | 941 | 33 |
| Dubai Marina | 921 | 180 |
| Jumeirah Lake Towers | 743 | 218 |
| Greens | 740 | 39 |
| Jumeirah Beach Residence | 726 | 156 |
| Dubai Land Residence Complex | 662 | 110 |
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 June 2011
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Murjan 4Jumeirah Beach Residence | 118 | 0 | 705 |
| 2 | Icon Tower 1Jumeirah Lake Towers | 46 | 0 | 767 |
| 3 | Icon Tower 2Jumeirah Lake Towers | 44 | 0 | 783 |
| 4 | Concorde TowerJumeirah Lake Towers | 33 | 0 | 904 |
| 5 | Skycourts Tower FDubai Land Residence Complex | 23 | 0 | 660 |
| 6 | Sobha DaffodilJumeirah Village Circle | 22 | 0 | 943 |
| 7 | Skycourts Tower EDubai Land Residence Complex | 21 | 0 | 670 |
| 8 | Marina HeightsDubai Marina | 20 | 0 | 811 |
| 9 | Ocean HeightsDubai Marina | 18 | 0 | 1,565 |
| 10 | Skycourts Tower ADubai Land Residence Complex | 17 | 0 | 681 |
| 11 | Skycourts Tower CDubai Land Residence Complex | 17 | 1 | — |
| 12 | Skycourts Tower BDubai Land Residence Complex | 17 | 0 | 662 |
| 13 | Skycourts Tower DDubai Land Residence Complex | 16 | 0 | 660 |
| 14 | DEC Tower 2Dubai Marina | 15 | 0 | 680 |
| 15 | West Heights 2Business Bay | 14 | 0 | 990 |
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 June 2011
The dearest was an AED 15M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,279 sq ft at AED 3,483 a square foot, registered on 9 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 9 Jun 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,279 | AED 15M | 3,483 | Completed |
| 6 Jun 2011 | Al Mass TowerDubai Marina | 5 B/R | 6,339 | AED 10M | 1,578 | Completed |
| 14 Jun 2011 | The Fairmont Palm Residence NorthPalm Jumeirah | 5 B/R | 9,978 | AED 7.75M | 777 | Off-plan |
| 23 Jun 2011 | Emirates CrownDubai Marina | 5 B/R | 7,687 | AED 7.59M | 988 | Completed |
| 20 Jun 2011 | West Heights 2Business Bay | 4 B/R | 6,206 | AED 6.89M | 1,110 | Completed |
| 1 Jun 2011 | East Heights 4Business Bay | 4 B/R | 5,717 | AED 6.86M | 1,200 | Completed |
| 6 Jun 2011 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 6.80M | 885 | Completed |
| 16 Jun 2011 | Residences_E1Downtown Dubai | 3 B/R | 2,379 | AED 6.60M | 2,774 | Completed |
| 20 Jun 2011 | West Heights 2Business Bay | 4 B/R | 6,206 | AED 6.46M | 1,042 | Completed |
| 20 Jun 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,036 | AED 6.41M | 3,150 | 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 June 2011, answered
How many properties were sold in Dubai in June 2011?
1,502 residential sales were registered at the Dubai Land Department in June 2011, worth AED 2.5bn: 144 off-plan and 1,358 completed homes. That is 51% fewer than in June 2010, when 3,054 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 June 2011?
The dearest apartment or villa registered was an AED 15M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,279 sq ft at AED 3,483 a square foot, registered on 9 June. Next came AED 10M at Al Mass Tower, Dubai Marina, and AED 7.75M 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 June 2011?
Dubai Marina, with 236 registered sales, 180 of them completed homes; then Jumeirah Lake Towers (224) and Jumeirah Beach Residence (156). The dearest, by the median price of a square foot of completed home, was Palm Jumeirah at AED 1,417 across 94 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.