Dubai property prices › Month by month › November 2011
The Dubai property market in November 2011
In November 2011 the Dubai Land Department registered 1,085 residential sales worth AED 1.9bn — 2% fewer than in November 2010, when it registered 1,107, and 5% less by value. Most were completed homes: 970, against 115 off-plan. A completed home changed hands at a median AED 930K, AED 790 a square foot — 4% less a foot than in November 2010.
The month in its year
November 2011 against the twelve months before it
1,085 sales in November 2011 — the fewest in a month since September 2010, against 1,107 in November 2010. Off-plan was 11% of the month, against 1% a year earlier.
Completed homes
What a completed home sold for in November 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 | 203 | AED 350K | 721 |
| 1 B/R | 297 | AED 673K | 776 |
| 2 B/R | 280 | AED 1.25M | 876 |
| 3 B/R | 103 | AED 2.30M | 872 |
| 4 B/R | 16 | AED 2.98M | 1,062 |
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, 1 November to 30 November. The busiest was 21 November: 118 sales, AED 219m.
- Off-plan
- 115 sales at a median AED 894 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 111 of the 1,085, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 91 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 November, 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 | 195 | 24 | 906 |
| Jumeirah Lake Towers | 139 | 4 | 756 |
| Dubai Production City (IMPZ) | 91 | 0 | 1,020 |
| International City | 89 | 3 | 345 |
| Downtown Dubai | 74 | 2 | 1,373 |
| Palm Jumeirah | 56 | 9 | 1,316 |
| Greens | 51 | 0 | 716 |
| Business Bay | 39 | 9 | 909 |
| Jumeirah Beach Residence | 38 | 0 | 914 |
| Dubai Land Residence Complex | 35 | 0 | 678 |
| The Springs | 28 | 0 | 521 |
| Jumeirah Village Circle | 23 | 1 | 882 |
| The Views | 23 | 0 | 948 |
| Dubai Silicon Oasis | 21 | 16 | 653 |
| Remraam | 18 | 18 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,373 | 72 |
| Palm Jumeirah | 1,316 | 47 |
| Dubai Production City (IMPZ) | 1,020 | 91 |
| The Views | 948 | 23 |
| Jumeirah Beach Residence | 914 | 38 |
| Business Bay | 909 | 30 |
| Dubai Marina | 906 | 171 |
| Jumeirah Village Circle | 882 | 22 |
| Jumeirah Lake Towers | 756 | 135 |
| Greens | 716 | 51 |
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 November 2011
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Icon Tower 2Jumeirah Lake Towers | 52 | 0 | 783 |
| 2 | Lago Vista BDubai Production City (IMPZ) | 39 | 0 | 1,046 |
| 3 | MAG 218Dubai Marina | 31 | 0 | 802 |
| 4 | Jumeirah Bay X1Jumeirah Lake Towers | 25 | 0 | 660 |
| 5 | Lago Vista CDubai Production City (IMPZ) | 23 | 0 | 1,223 |
| 6 | The TorchDubai Marina | 22 | 0 | 915 |
| 7 | Lago Vista ADubai Production City (IMPZ) | 21 | 0 | 966 |
| 8 | Lake TerraceJumeirah Lake Towers | 12 | 0 | 666 |
| 9 | Skycourts Tower FDubai Land Residence Complex | 12 | 0 | 670 |
| 10 | Supreme ResidencyInternational City | 12 | 0 | 345 |
| 11 | Burj KhalifaDowntown Dubai | 11 | 0 | 2,462 |
| 12 | Sobha DaffodilJumeirah Village Circle | 11 | 0 | 922 |
| 13 | Ocean HeightsDubai Marina | 10 | 0 | 1,260 |
| 14 | Sadaf 7Jumeirah Beach Residence | 10 | 0 | 1,201 |
| 15 | Silicon HeightsDubai Silicon Oasis | 10 | all | 797 |
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 November 2011
The dearest was an AED 14M completed four-bedroom home at Emerald Palace Kempinski Hotel, Palm Jumeirah — 7,012 sq ft at AED 1,931 a square foot, registered on 14 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 14 Nov 2011 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 7,012 | AED 14M | 1,931 | Completed |
| 21 Nov 2011 | Marina Residences 2Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 1 Nov 2011 | Residences_E1Downtown Dubai | 4 B/R | 4,789 | AED 10M | 2,151 | Completed |
| 28 Nov 2011 | Emirates CrownDubai Marina | 5 B/R | 7,659 | AED 7.29M | 951 | Completed |
| 14 Nov 2011 | The Residences East PodiumDowntown Dubai | 3 B/R | 3,768 | AED 5.85M | 1,553 | Completed |
| 28 Nov 2011 | Hilliana TowerAl Sufouh | 2 B/R | 1,358 | AED 5.49M | 4,039 | Off-plan |
| 24 Nov 2011 | Marina Residences 1Palm Jumeirah | 3 B/R | 4,053 | AED 5.22M | 1,289 | Completed |
| 17 Nov 2011 | Yansoon 2Downtown Dubai | 3 B/R | 3,049 | AED 5.20M | 1,705 | Completed |
| 22 Nov 2011 | Olgana TowerAl Sufouh | 4 B/R | 3,954 | AED 5.02M | 1,268 | Off-plan |
| 22 Nov 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 5.00M | 1,878 | 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 November 2011, answered
How many properties were sold in Dubai in November 2011?
1,085 residential sales were registered at the Dubai Land Department in November 2011, worth AED 1.9bn: 115 off-plan and 970 completed homes. That is 2% fewer than in November 2010, when 1,107 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 November 2011?
The dearest apartment or villa registered was an AED 14M completed four-bedroom home at Emerald Palace Kempinski Hotel, Palm Jumeirah — 7,012 sq ft at AED 1,931 a square foot, registered on 14 November. Next came AED 13M at Marina Residences 2, Palm Jumeirah, and AED 10M at Residences_E1, Downtown Dubai. 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 November 2011?
Dubai Marina, with 195 registered sales, 171 of them completed homes; then Jumeirah Lake Towers (139) and Dubai Production City (IMPZ) (91). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,373 across 72 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.