Dubai property prices › Month by month › October 2011
The Dubai property market in October 2011
In October 2011 the Dubai Land Department registered 1,502 residential sales worth AED 2.1bn — 3% more than in October 2010, when it registered 1,457, and 2% more by value. Most were completed homes: 1,316, against 186 off-plan. A completed home changed hands at a median AED 1.00M, AED 757 a square foot — 1% less a foot than in October 2010.
The month in its year
October 2011 against the twelve months before it
1,502 sales in October 2011 — the most in a month since June 2011, against 1,457 in October 2010. Off-plan was 12% of the month, against 11% a year earlier.
Completed homes
What a completed home sold for in October 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 | 196 | AED 325K | 657 |
| 1 B/R | 427 | AED 693K | 729 |
| 2 B/R | 369 | AED 1.30M | 863 |
| 3 B/R | 210 | AED 2.15M | 953 |
| 4 B/R | 19 | AED 3.61M | 873 |
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, 3 October to 31 October. The busiest was 31 October: 200 sales, AED 181m.
- Off-plan
- 186 sales at a median AED 733 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 181 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
- 118 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 October, 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 | 303 | 25 | 867 |
| Jumeirah Lake Towers | 215 | 10 | 713 |
| International City | 119 | 7 | 348 |
| Downtown Dubai | 100 | 8 | 1,344 |
| Dubai Silicon Oasis | 77 | 68 | 480 |
| Palm Jumeirah | 71 | 7 | 1,267 |
| Business Bay | 70 | 8 | 978 |
| Greens | 59 | 0 | 718 |
| Jumeirah Village Circle | 59 | 9 | 1,409 |
| Discovery Gardens | 51 | 0 | 586 |
| Jumeirah Beach Residence | 42 | 0 | 867 |
| The Springs | 41 | 0 | 501 |
| Dubai Land Residence Complex | 39 | 0 | 670 |
| The Views | 35 | 0 | 998 |
| Dubai Sports City | 32 | 30 | 1,224 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Jumeirah Village Circle | 1,409 | 50 |
| Downtown Dubai | 1,344 | 92 |
| Palm Jumeirah | 1,267 | 64 |
| The Views | 998 | 35 |
| Business Bay | 978 | 62 |
| Dubai Production City (IMPZ) | 902 | 12 |
| Dubai Marina | 867 | 278 |
| Jumeirah Beach Residence | 867 | 42 |
| Greens | 718 | 59 |
| Jumeirah Lake Towers | 713 | 205 |
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 October 2011
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | MAG 218Dubai Marina | 62 | 0 | 810 |
| 2 | Silicon HeightsDubai Silicon Oasis | 60 | all | 652 |
| 3 | Jumeirah Bay X1Jumeirah Lake Towers | 49 | 0 | 706 |
| 4 | Icon Tower 1Jumeirah Lake Towers | 40 | 0 | 783 |
| 5 | The TorchDubai Marina | 38 | 0 | 882 |
| 6 | ZEN2-20Discovery Gardens | 26 | 0 | 628 |
| 7 | Burj KhalifaDowntown Dubai | 19 | 1 | — |
| 8 | Classic ApartmentsInternational City | 17 | 0 | 300 |
| 9 | Red ResidencyDubai Sports City | 17 | all | 977 |
| 10 | Concorde TowerJumeirah Lake Towers | 16 | 0 | 640 |
| 11 | Skycourts Tower BDubai Land Residence Complex | 15 | 0 | 638 |
| 12 | West Heights 2Business Bay | 15 | 0 | 714 |
| 13 | Trident BaysideDubai Marina | 13 | 0 | 989 |
| 14 | Mirabella 2Jumeirah Village Circle | 12 | 0 | 1,409 |
| 15 | Ocean HeightsDubai Marina | 11 | 0 | 1,585 |
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 October 2011
The dearest was an AED 13M completed four-bedroom home at Le Reve, Dubai Marina — 6,308 sq ft at AED 2,108 a square foot, registered on 26 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 26 Oct 2011 | Le ReveDubai Marina | 4 B/R | 6,308 | AED 13M | 2,108 | Completed |
| 13 Oct 2011 | Marina Residences 3Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 12 Oct 2011 | Marina Residences 4Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 19 Oct 2011 | Marina Residences 2Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 10 Oct 2011 | Marina Residences 6Palm Jumeirah | 4 B/R | 6,820 | AED 12M | 1,705 | Completed |
| 12 Oct 2011 | Ocean HeightsDubai Marina | 4 B/R | 3,785 | AED 11M | 2,839 | Completed |
| 11 Oct 2011 | Burj KhalifaDowntown Dubai | 1 B/R | 1,254 | AED 11M | 8,408 | Off-plan |
| 12 Oct 2011 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 9.40M | 1,223 | Completed |
| 10 Oct 2011 | Burj Views BDowntown Dubai | 3 B/R | 2,489 | AED 7.37M | 2,963 | Completed |
| 19 Oct 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 7.20M | 2,704 | 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 October 2011, answered
How many properties were sold in Dubai in October 2011?
1,502 residential sales were registered at the Dubai Land Department in October 2011, worth AED 2.1bn: 186 off-plan and 1,316 completed homes. That is 3% more than in October 2010, when 1,457 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 October 2011?
The dearest apartment or villa registered was an AED 13M completed four-bedroom home at Le Reve, Dubai Marina — 6,308 sq ft at AED 2,108 a square foot, registered on 26 October. Next came AED 13M at Marina Residences 3, Palm Jumeirah, and AED 13M at Marina Residences 4, 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 October 2011?
Dubai Marina, with 303 registered sales, 278 of them completed homes; then Jumeirah Lake Towers (215) and International City (119). The dearest, by the median price of a square foot of completed home, was Jumeirah Village Circle at AED 1,409 across 50 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.