Dubai property prices › Month by month › July 2011
The Dubai property market in July 2011
In July 2011 the Dubai Land Department registered 1,392 residential sales worth AED 2.1bn — 2% fewer than in July 2010, when it registered 1,427, and 6% less by value. Most were completed homes: 1,200, against 192 off-plan. A completed home changed hands at a median AED 1.10M, AED 791 a square foot — 8% less a foot than in July 2010.
The month in its year
July 2011 against the twelve months before it
1,392 sales in July 2011 — the fewest in a month since December 2010, against 1,427 in July 2010. Off-plan was 14% of the month, against 11% a year earlier.
Completed homes
What a completed home sold for in July 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 | 189 | AED 324K | 638 |
| 1 B/R | 374 | AED 730K | 795 |
| 2 B/R | 376 | AED 1.52M | 1,018 |
| 3 B/R | 142 | AED 2.11M | 770 |
| 4 B/R | 22 | AED 3.83M | 979 |
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
- 19, 4 July to 29 July. The busiest was 18 July: 165 sales, AED 252m.
- Off-plan
- 192 sales at a median AED 851 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 159 of the 1,392, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 99 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 July, 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 | 328 | 51 | 1,020 |
| Jumeirah Lake Towers | 121 | 17 | 691 |
| International City | 98 | 4 | 351 |
| Downtown Dubai | 92 | 2 | 1,243 |
| Jumeirah Village Circle | 67 | 19 | 757 |
| Business Bay | 61 | 15 | 1,125 |
| Palm Jumeirah | 55 | 16 | 1,193 |
| Dubai Production City (IMPZ) | 48 | 0 | 1,028 |
| Dubai Sports City | 41 | 32 | 1,112 |
| Discovery Gardens | 41 | 0 | 548 |
| Greens | 40 | 0 | 698 |
| Dubai Land Residence Complex | 38 | 0 | 682 |
| The Springs | 37 | 0 | 465 |
| The Views | 33 | 0 | 931 |
| Jumeirah Beach Residence | 27 | 0 | 842 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,243 | 90 |
| Palm Jumeirah | 1,193 | 39 |
| Business Bay | 1,125 | 46 |
| Dubai Production City (IMPZ) | 1,028 | 48 |
| Dubai Marina | 1,020 | 277 |
| The Views | 931 | 33 |
| Jumeirah Beach Residence | 842 | 27 |
| Jumeirah Village Circle | 757 | 48 |
| The Lakes | 726 | 10 |
| Greens | 698 | 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 July 2011
The 15 buildings with the most sales registered in July, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Ocean HeightsDubai Marina | 69 | 0 | 1,315 |
| 2 | The Crescent Tower CDubai Production City (IMPZ) | 26 | 0 | 1,105 |
| 3 | MAG 218Dubai Marina | 24 | 0 | 744 |
| 4 | ZEN2-20Discovery Gardens | 24 | 0 | 578 |
| 5 | Lake TerraceJumeirah Lake Towers | 20 | 0 | 641 |
| 6 | Red ResidencyDubai Sports City | 18 | all | 942 |
| 7 | The Crescent ADubai Production City (IMPZ) | 17 | 0 | 904 |
| 8 | Emirates Gardens1 1 - L2Jumeirah Village Circle | 15 | 0 | 683 |
| 9 | Skyview TowerDubai Marina | 15 | all | 1,870 |
| 10 | Churchill Residency TowerBusiness Bay | 15 | all | 624 |
| 11 | Emirates CrownDubai Marina | 15 | 0 | 844 |
| 12 | Burj KhalifaDowntown Dubai | 14 | 0 | 2,915 |
| 13 | Concorde TowerJumeirah Lake Towers | 12 | 0 | 634 |
| 14 | Emirates Gardens 1 - G2Jumeirah Village Circle | 12 | 0 | 632 |
| 15 | Sandoval Gardens 2Jumeirah Village Circle | 11 | all | 360 |
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 July 2011
The dearest was an AED 18M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,596 sq ft at AED 3,916 a square foot, registered on 21 July.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 21 Jul 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 18M | 3,916 | Completed |
| 11 Jul 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 16M | 3,462 | Completed |
| 6 Jul 2011 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 14M | 1,822 | Completed |
| 27 Jul 2011 | Balqis Residence 2Palm Jumeirah | 4 B/R | 7,360 | AED 7.59M | 1,031 | Off-plan |
| 13 Jul 2011 | East Heights 1Business Bay | 4 B/R | 6,925 | AED 7.11M | 1,027 | Completed |
| 13 Jul 2011 | East Heights 1Business Bay | 4 B/R | 7,236 | AED 7.06M | 976 | Completed |
| 18 Jul 2011 | Emirates CrownDubai Marina | 5 B/R | 7,690 | AED 7.00M | 910 | Completed |
| 27 Jul 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,033 | AED 6.93M | 3,408 | Completed |
| 11 Jul 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 6.83M | 2,564 | Completed |
| 13 Jul 2011 | West Heights 4Business Bay | 4 B/R | 6,281 | AED 6.17M | 982 | 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 July 2011, answered
How many properties were sold in Dubai in July 2011?
1,392 residential sales were registered at the Dubai Land Department in July 2011, worth AED 2.1bn: 192 off-plan and 1,200 completed homes. That is 2% fewer than in July 2010, when 1,427 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 July 2011?
The dearest apartment or villa registered was an AED 18M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,596 sq ft at AED 3,916 a square foot, registered on 21 July. Next came AED 16M at Burj Khalifa, Downtown Dubai, and AED 14M at Emirates Crown, Dubai Marina. 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 July 2011?
Dubai Marina, with 328 registered sales, 277 of them completed homes; then Jumeirah Lake Towers (121) and International City (98). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,243 across 90 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.