Dubai property prices › Month by month › April 2012
The Dubai property market in April 2012
In April 2012 the Dubai Land Department registered 2,036 residential sales worth AED 3.2bn — 21% more than in April 2011, when it registered 1,679, and 6% less by value. Most were completed homes: 1,874, against 162 off-plan. A completed home changed hands at a median AED 917K, AED 844 a square foot — 6% more a foot than in April 2011.
The month in its year
April 2012 against the twelve months before it
2,036 sales in April 2012 — the most in a month since March 2011, against 1,679 in April 2011. Off-plan was 8% of the month, against 10% a year earlier.
Completed homes
What a completed home sold for in April 2012
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 | 350 | AED 392K | 806 |
| 1 B/R | 674 | AED 750K | 838 |
| 2 B/R | 499 | AED 1.35M | 928 |
| 3 B/R | 170 | AED 2.14M | 900 |
| 4 B/R | 45 | AED 5.82M | 1,285 |
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, 2 April to 30 April. The busiest was 23 April: 245 sales, AED 491m.
- Off-plan
- 162 sales at a median AED 1,044 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 171 of the 2,036, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 109 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 April, 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 | 362 | 85 | 918 |
| Jumeirah Village Circle | 243 | 4 | 895 |
| Jumeirah Lake Towers | 223 | 1 | 772 |
| Palm Jumeirah | 179 | 22 | 1,525 |
| International City | 142 | 0 | 372 |
| Downtown Dubai | 138 | 9 | 1,275 |
| Business Bay | 121 | 10 | 992 |
| Dubai Production City (IMPZ) | 79 | 2 | 1,081 |
| Jumeirah Beach Residence | 64 | 0 | 927 |
| Greens | 58 | 0 | 775 |
| The Springs | 53 | 0 | 584 |
| Dubai Land Residence Complex | 50 | 0 | 671 |
| The Views | 41 | 0 | 1,028 |
| Discovery Gardens | 40 | 0 | 534 |
| Dubai Silicon Oasis | 15 | 2 | 556 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Palm Jumeirah | 1,525 | 157 |
| Downtown Dubai | 1,275 | 129 |
| Dubai Production City (IMPZ) | 1,081 | 77 |
| The Views | 1,028 | 41 |
| Business Bay | 992 | 111 |
| Jumeirah Beach Residence | 927 | 64 |
| Dubai Marina | 918 | 277 |
| Arjan | 901 | 13 |
| Jumeirah Village Circle | 895 | 239 |
| Greens | 775 | 58 |
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 April 2012
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Kempinski Palm ResidencePalm Jumeirah | 89 | 0 | 1,667 |
| 2 | The TorchDubai Marina | 73 | 0 | 915 |
| 3 | Magnolia 1Jumeirah Village Circle | 43 | 0 | 730 |
| 4 | Cayan TowerDubai Marina | 40 | all | 1,100 |
| 5 | Mulberry 2Jumeirah Village Circle | 33 | 0 | 836 |
| 6 | Goldcrest ExecutiveJumeirah Lake Towers | 33 | 0 | 1,055 |
| 7 | TUSCAN RESIDENCES1- Siena 2Jumeirah Village Circle | 31 | 0 | 1,064 |
| 8 | Mulberry 1Jumeirah Village Circle | 30 | 0 | 815 |
| 9 | Siena 1Jumeirah Village Circle | 29 | 0 | 988 |
| 10 | Goldcrest Views 2Jumeirah Lake Towers | 27 | 0 | 811 |
| 11 | Churchill Residency TowerBusiness Bay | 25 | 0 | 970 |
| 12 | Lago Vista BDubai Production City (IMPZ) | 23 | 0 | 1,244 |
| 13 | Magnolia 2Jumeirah Village Circle | 22 | 0 | 826 |
| 14 | Mayfair TowerBusiness Bay | 20 | 0 | 1,506 |
| 15 | Goldcrest Views 1Jumeirah Lake Towers | 20 | 0 | 688 |
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 April 2012
The dearest was an AED 22M completed four-bedroom home at Emerald Palace Kempinski Hotel, Palm Jumeirah — 6,919 sq ft at AED 3,180 a square foot, registered on 23 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 23 Apr 2012 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 6,919 | AED 22M | 3,180 | Completed |
| 24 Apr 2012 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 11,876 | AED 21M | 1,779 | Completed |
| 23 Apr 2012 | The Fairmont Palm Residence SouthPalm Jumeirah | PENTHOUSE | 12,077 | AED 18M | 1,511 | Off-plan |
| 19 Apr 2012 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 6,964 | AED 18M | 2,513 | Completed |
| 12 Apr 2012 | Le ReveDubai Marina | 4 B/R | 6,100 | AED 16M | 2,623 | Completed |
| 23 Apr 2012 | Kempinski Palm ResidencePalm Jumeirah | 3 B/R | 6,898 | AED 15M | 2,175 | Completed |
| 25 Apr 2012 | Palazzo VersaceCulture Village | 4 B/R | 5,000 | AED 15M | 3,000 | Off-plan |
| 19 Apr 2012 | Kempinski Palm ResidencePalm Jumeirah | 4 B/R | 7,251 | AED 15M | 2,021 | Completed |
| 19 Apr 2012 | Kempinski Palm ResidencePalm Jumeirah | 2 B/R | 8,779 | AED 14M | 1,645 | Completed |
| 24 Apr 2012 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 6,798 | AED 14M | 1,987 | 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 April 2012, answered
How many properties were sold in Dubai in April 2012?
2,036 residential sales were registered at the Dubai Land Department in April 2012, worth AED 3.2bn: 162 off-plan and 1,874 completed homes. That is 21% more than in April 2011, when 1,679 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 April 2012?
The dearest apartment or villa registered was an AED 22M completed four-bedroom home at Emerald Palace Kempinski Hotel, Palm Jumeirah — 6,919 sq ft at AED 3,180 a square foot, registered on 23 April. Next came AED 21M at Emerald Palace Kempinski Hotel, Palm Jumeirah, and AED 18M at The Fairmont Palm Residence South, 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 April 2012?
Dubai Marina, with 362 registered sales, 277 of them completed homes; then Jumeirah Village Circle (243) and Jumeirah Lake Towers (223). The dearest, by the median price of a square foot of completed home, was Palm Jumeirah at AED 1,525 across 157 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.