Dubai property prices › Month by month › December 2011
The Dubai property market in December 2011
In December 2011 the Dubai Land Department registered 1,837 residential sales worth AED 2.6bn — 69% more than in December 2010, when it registered 1,090, and 40% more by value. Most were completed homes: 1,663, against 174 off-plan. A completed home changed hands at a median AED 935K, AED 841 a square foot — 3% more a foot than in December 2010.
The month in its year
December 2011 against the twelve months before it
1,837 sales in December 2011 — the most in a month since March 2011, against 1,090 in December 2010. Off-plan was 9% of the month, against 6% a year earlier.
Completed homes
What a completed home sold for in December 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 | 344 | AED 354K | 719 |
| 1 B/R | 539 | AED 697K | 820 |
| 2 B/R | 460 | AED 1.41M | 964 |
| 3 B/R | 208 | AED 2.20M | 958 |
| 4 B/R | 30 | AED 2.31M | 806 |
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
- 18, 5 December to 29 December. The busiest was 26 December: 209 sales, AED 285m.
- Off-plan
- 174 sales at a median AED 900 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 173 of the 1,837, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 192 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 December, 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 | 309 | 22 | 1,026 |
| Jumeirah Lake Towers | 251 | 13 | 720 |
| Dubai Production City (IMPZ) | 163 | 4 | 1,046 |
| International City | 128 | 5 | 363 |
| Downtown Dubai | 119 | 6 | 1,532 |
| Discovery Gardens | 104 | 0 | 609 |
| Jumeirah Village Circle | 93 | 8 | 939 |
| Palm Jumeirah | 85 | 19 | 1,460 |
| Business Bay | 84 | 2 | 1,016 |
| Dubai Land Residence Complex | 79 | 0 | 678 |
| Remraam | 73 | 73 | — |
| Jumeirah Beach Residence | 51 | 0 | 869 |
| Greens | 45 | 0 | 740 |
| The Springs | 37 | 0 | 517 |
| The Views | 30 | 0 | 932 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,532 | 113 |
| Palm Jumeirah | 1,460 | 66 |
| Dubai Production City (IMPZ) | 1,046 | 159 |
| Dubai Marina | 1,026 | 287 |
| Business Bay | 1,016 | 82 |
| Jumeirah Village Circle | 939 | 85 |
| The Views | 932 | 30 |
| Jumeirah Beach Residence | 869 | 51 |
| Dubai Sports City | 764 | 10 |
| Greens | 740 | 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 December 2011
The 15 buildings with the most sales registered in December, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Lago Vista BDubai Production City (IMPZ) | 85 | 0 | 1,071 |
| 2 | Jumeirah Bay X1Jumeirah Lake Towers | 73 | 0 | 713 |
| 3 | Sulafa TowerDubai Marina | 54 | 0 | 1,424 |
| 4 | Al Thamam 01Remraam | 48 | all | 906 |
| 5 | ZEN2-20Discovery Gardens | 46 | 0 | 598 |
| 6 | MOG 189Discovery Gardens | 44 | 0 | 658 |
| 7 | Ocean HeightsDubai Marina | 44 | 0 | 1,442 |
| 8 | The TorchDubai Marina | 43 | 0 | 895 |
| 9 | Burj KhalifaDowntown Dubai | 38 | 1 | — |
| 10 | Lago Vista ADubai Production City (IMPZ) | 32 | 0 | 910 |
| 11 | Lago Vista CDubai Production City (IMPZ) | 29 | 0 | 1,018 |
| 12 | Churchill Residency TowerBusiness Bay | 27 | 0 | 1,011 |
| 13 | Icon Tower 1Jumeirah Lake Towers | 25 | 0 | 701 |
| 14 | Lake TerraceJumeirah Lake Towers | 24 | 0 | 607 |
| 15 | Skycourts Tower CDubai Land Residence Complex | 18 | 0 | 656 |
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 December 2011
The dearest was an AED 19M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,036 sq ft at AED 9,537 a square foot, registered on 20 December.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 20 Dec 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,036 | AED 19M | 9,537 | Completed |
| 8 Dec 2011 | Burj KhalifaDowntown Dubai | 2 B/R | 2,237 | AED 16M | 7,153 | Off-plan |
| 26 Dec 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 6,306 | AED 14M | 2,172 | Completed |
| 20 Dec 2011 | Burj KhalifaDowntown Dubai | 4 B/R | 7,161 | AED 13M | 1,864 | Completed |
| 22 Dec 2011 | Al Seef Tower 1Jumeirah Lake Towers | 5 B/R | 7,606 | AED 10M | 1,315 | Completed |
| 20 Dec 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 8.45M | 3,173 | Completed |
| 22 Dec 2011 | Ocean HeightsDubai Marina | 4 B/R | 2,819 | AED 7.95M | 2,821 | Completed |
| 5 Dec 2011 | Marina Residences 2Palm Jumeirah | 4 B/R | 10,254 | AED 7.69M | 750 | Completed |
| 26 Dec 2011 | Churchill Residency TowerBusiness Bay | 3 B/R | 5,322 | AED 7.46M | 1,402 | Completed |
| 12 Dec 2011 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 7.26M | 2,725 | 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 December 2011, answered
How many properties were sold in Dubai in December 2011?
1,837 residential sales were registered at the Dubai Land Department in December 2011, worth AED 2.6bn: 174 off-plan and 1,663 completed homes. That is 69% more than in December 2010, when 1,090 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 December 2011?
The dearest apartment or villa registered was an AED 19M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,036 sq ft at AED 9,537 a square foot, registered on 20 December. Next came AED 16M at Burj Khalifa, Downtown Dubai, and AED 14M at Burj Khalifa, 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 December 2011?
Dubai Marina, with 309 registered sales, 287 of them completed homes; then Jumeirah Lake Towers (251) and Dubai Production City (IMPZ) (163). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,532 across 113 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.