Dubai property prices › Month by month › August 2011
The Dubai property market in August 2011
In August 2011 the Dubai Land Department registered 1,264 residential sales worth AED 1.9bn — 40% fewer than in August 2010, when it registered 2,110, and 40% less by value. Most were completed homes: 1,115, against 149 off-plan. A completed home changed hands at a median AED 949K, AED 759 a square foot — 14% less a foot than in August 2010.
The month in its year
August 2011 against the twelve months before it
1,264 sales in August 2011 — the fewest in a month since December 2010, against 2,110 in August 2010. Off-plan was 12% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in August 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 | 227 | AED 318K | 646 |
| 1 B/R | 358 | AED 687K | 737 |
| 2 B/R | 293 | AED 1.44M | 939 |
| 4 B/R | 18 | AED 2.15M | 794 |
| 3 B/R | 136 | AED 2.16M | 862 |
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, 1 August to 29 August. The busiest was 15 August: 171 sales, AED 257m.
- Off-plan
- 149 sales at a median AED 900 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 122 of the 1,264, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 79 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 August, 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 | 239 | 32 | 1,112 |
| Jumeirah Lake Towers | 230 | 5 | 713 |
| International City | 96 | 2 | 324 |
| Discovery Gardens | 69 | 0 | 580 |
| Palm Jumeirah | 64 | 8 | 1,347 |
| Downtown Dubai | 63 | 6 | 1,187 |
| Jumeirah Village Circle | 62 | 26 | 799 |
| Jumeirah Beach Residence | 49 | 0 | 1,006 |
| Greens | 45 | 0 | 676 |
| Dubai Production City (IMPZ) | 41 | 2 | 990 |
| Business Bay | 40 | 3 | 1,016 |
| The Springs | 37 | 0 | 498 |
| Remraam | 36 | 36 | — |
| Dubai Sports City | 23 | 15 | 883 |
| The Views | 21 | 0 | 884 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Palm Jumeirah | 1,347 | 56 |
| Downtown Dubai | 1,187 | 57 |
| Dubai Marina | 1,112 | 207 |
| Business Bay | 1,016 | 37 |
| Jumeirah Beach Residence | 1,006 | 49 |
| Dubai Production City (IMPZ) | 990 | 39 |
| The Views | 884 | 21 |
| Jumeirah Village Circle | 799 | 36 |
| Jumeirah Lake Towers | 713 | 225 |
| Greens | 676 | 45 |
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 August 2011
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Ocean HeightsDubai Marina | 77 | 0 | 1,442 |
| 2 | Jumeirah Bay X1Jumeirah Lake Towers | 47 | 0 | 713 |
| 3 | Lake TerraceJumeirah Lake Towers | 37 | 0 | 623 |
| 4 | Building U04International City | 34 | 0 | 324 |
| 5 | Mediterranean Cluster Building 100Discovery Gardens | 29 | 0 | 650 |
| 6 | Concorde TowerJumeirah Lake Towers | 27 | 0 | 692 |
| 7 | Icon Tower 1Jumeirah Lake Towers | 24 | 0 | 759 |
| 8 | Icon Tower 2Jumeirah Lake Towers | 18 | 0 | 808 |
| 9 | Lake View TowerJumeirah Lake Towers | 18 | 0 | 701 |
| 10 | Bonaire TowerDubai Marina | 16 | 0 | 1,052 |
| 11 | Skyview TowerDubai Marina | 16 | all | 1,581 |
| 12 | The Crescent BDubai Production City (IMPZ) | 15 | 0 | 996 |
| 13 | ZEN2-20Discovery Gardens | 13 | 0 | 577 |
| 14 | Sandoval Garden Apartments 1Jumeirah Village Circle | 11 | all | 353 |
| 15 | Rimal 1Jumeirah Beach Residence | 10 | 0 | 1,064 |
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 August 2011
The dearest was an AED 13M completed four-bedroom home at Marina Residences 3, Palm Jumeirah — 10,254 sq ft at AED 1,250 a square foot, registered on 1 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 1 Aug 2011 | Marina Residences 3Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,250 | Completed |
| 1 Aug 2011 | Dubai Marina Mall HotelDubai Marina | PENTHOUSE | 3,997 | AED 12M | 2,962 | Completed |
| 2 Aug 2011 | Marina Residences 3Palm Jumeirah | 4 B/R | 6,821 | AED 11M | 1,646 | Completed |
| 16 Aug 2011 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 7.29M | 948 | Completed |
| 2 Aug 2011 | Ocean HeightsDubai Marina | 2 B/R | 1,784 | AED 5.81M | 3,255 | Completed |
| 17 Aug 2011 | TanzanitePalm Jumeirah | 3 B/R | 2,392 | AED 5.75M | 2,404 | Completed |
| 18 Aug 2011 | Al ShahlaPalm Jumeirah | 3 B/R | 2,187 | AED 5.72M | 2,616 | Completed |
| 2 Aug 2011 | Marina Residences 2Palm Jumeirah | 2 B/R | 4,097 | AED 5.16M | 1,260 | Completed |
| 1 Aug 2011 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 5.00M | 886 | Off-plan |
| 17 Aug 2011 | Marina Residences 1Palm Jumeirah | 3 B/R | 4,053 | AED 4.80M | 1,184 | 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 August 2011, answered
How many properties were sold in Dubai in August 2011?
1,264 residential sales were registered at the Dubai Land Department in August 2011, worth AED 1.9bn: 149 off-plan and 1,115 completed homes. That is 40% fewer than in August 2010, when 2,110 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 August 2011?
The dearest apartment or villa registered was an AED 13M completed four-bedroom home at Marina Residences 3, Palm Jumeirah — 10,254 sq ft at AED 1,250 a square foot, registered on 1 August. Next came AED 12M at Dubai Marina Mall Hotel, Dubai Marina, and AED 11M at Marina Residences 3, 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 August 2011?
Dubai Marina, with 239 registered sales, 207 of them completed homes; then Jumeirah Lake Towers (230) and International City (96). The dearest, by the median price of a square foot of completed home, was Palm Jumeirah at AED 1,347 across 56 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.