Dubai property prices › Month by month › September 2011
The Dubai property market in September 2011
In September 2011 the Dubai Land Department registered 1,187 residential sales worth AED 1.9bn — 17% more than in September 2010, when it registered 1,014, and 14% more by value. Most were completed homes: 1,033, against 154 off-plan. A completed home changed hands at a median AED 1.21M, AED 819 a square foot — 4% more a foot than in September 2010.
The month in its year
September 2011 against the twelve months before it
1,187 sales in September 2011 — the fewest in a month since December 2010, against 1,014 in September 2010. Off-plan was 13% of the month, against 12% a year earlier.
Completed homes
What a completed home sold for in September 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 | 139 | AED 323K | 691 |
| 1 B/R | 323 | AED 795K | 839 |
| 2 B/R | 294 | AED 1.38M | 916 |
| 3 B/R | 154 | AED 2.06M | 855 |
| 4 B/R | 23 | AED 3.47M | 975 |
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, 5 September to 29 September. The busiest was 19 September: 166 sales, AED 222m.
- Off-plan
- 154 sales at a median AED 883 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 137 of the 1,187, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 128 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 September, 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 | 251 | 48 | 921 |
| Jumeirah Lake Towers | 122 | 2 | 676 |
| Downtown Dubai | 99 | 3 | 1,385 |
| Palm Jumeirah | 94 | 19 | 1,345 |
| Business Bay | 70 | 5 | 1,090 |
| International City | 67 | 8 | 345 |
| Jumeirah Beach Residence | 47 | 0 | 900 |
| Dubai Production City (IMPZ) | 46 | 1 | 937 |
| Dubai Land Residence Complex | 44 | 0 | 686 |
| The Springs | 37 | 0 | 506 |
| The Views | 32 | 0 | 1,032 |
| Remraam | 26 | 26 | — |
| Greens | 25 | 0 | 799 |
| Dubai Sports City | 20 | 15 | 1,073 |
| Jumeirah Village Circle | 19 | 2 | 323 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,385 | 96 |
| Palm Jumeirah | 1,345 | 75 |
| Business Bay | 1,090 | 65 |
| The Views | 1,032 | 32 |
| Dubai Production City (IMPZ) | 937 | 45 |
| Dubai Marina | 921 | 203 |
| Jumeirah Beach Residence | 900 | 47 |
| Greens | 799 | 25 |
| Dubai Land Residence Complex | 686 | 44 |
| Jumeirah Lake Towers | 676 | 120 |
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 September 2011
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | MAG 218Dubai Marina | 45 | 0 | 838 |
| 2 | Ocean HeightsDubai Marina | 34 | 0 | 1,346 |
| 3 | Concorde TowerJumeirah Lake Towers | 30 | 0 | 673 |
| 4 | Burj KhalifaDowntown Dubai | 22 | 0 | 2,351 |
| 5 | Al Thamam 12Remraam | 19 | all | 846 |
| 6 | Lake TerraceJumeirah Lake Towers | 18 | 0 | 676 |
| 7 | Lago Vista ADubai Production City (IMPZ) | 17 | 0 | 888 |
| 8 | Skyview TowerDubai Marina | 12 | all | 1,562 |
| 9 | West Heights 2Business Bay | 12 | 0 | 1,246 |
| 10 | Marina PinnacleDubai Marina | 11 | all | 582 |
| 11 | Ontario TowerBusiness Bay | 11 | 0 | 1,377 |
| 12 | Le Grand ChateauJumeirah Village Circle | 11 | 0 | 282 |
| 13 | Skycourts Tower ADubai Land Residence Complex | 10 | 0 | 691 |
| 14 | Icon Tower 1Jumeirah Lake Towers | 9 | 0 | 595 |
| 15 | Bahar 4Jumeirah Beach Residence | 9 | 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 September 2011
The dearest was an AED 19M completed five-bedroom home at Marina Residences 5, Palm Jumeirah — 13,095 sq ft at AED 1,461 a square foot, registered on 6 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 6 Sept 2011 | Marina Residences 5Palm Jumeirah | 5 B/R | 13,095 | AED 19M | 1,461 | Completed |
| 6 Sept 2011 | Marina Residences 6Palm Jumeirah | 5 B/R | 13,095 | AED 17M | 1,317 | Completed |
| 6 Sept 2011 | Marina Residences 6Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 5 Sept 2011 | The Fairmont Palm Residence SouthPalm Jumeirah | 5 B/R | 9,977 | AED 13M | 1,278 | Off-plan |
| 29 Sept 2011 | Oceana AdriaticPalm Jumeirah | 4 B/R | 5,355 | AED 9.00M | 1,681 | Completed |
| 29 Sept 2011 | RubyPalm Jumeirah | 4 B/R | 5,217 | AED 8.55M | 1,639 | Completed |
| 29 Sept 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 7.35M | 2,762 | Completed |
| 26 Sept 2011 | Kempinski Palm ResidencePalm Jumeirah | 3 B/R | 3,003 | AED 6.13M | 2,042 | Off-plan |
| 26 Sept 2011 | West Heights 3Business Bay | 4 B/R | 3,392 | AED 5.73M | 1,689 | Completed |
| 28 Sept 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,053 | AED 5.71M | 2,783 | 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 September 2011, answered
How many properties were sold in Dubai in September 2011?
1,187 residential sales were registered at the Dubai Land Department in September 2011, worth AED 1.9bn: 154 off-plan and 1,033 completed homes. That is 17% more than in September 2010, when 1,014 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 September 2011?
The dearest apartment or villa registered was an AED 19M completed five-bedroom home at Marina Residences 5, Palm Jumeirah — 13,095 sq ft at AED 1,461 a square foot, registered on 6 September. Next came AED 17M at Marina Residences 6, Palm Jumeirah, and AED 13M at Marina Residences 6, 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 September 2011?
Dubai Marina, with 251 registered sales, 203 of them completed homes; then Jumeirah Lake Towers (122) and Downtown Dubai (99). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,385 across 96 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.