Dubai property prices › Month by month › June 2012
The Dubai property market in June 2012
In June 2012 the Dubai Land Department registered 1,660 residential sales worth AED 2.5bn — 11% more than in June 2011, when it registered 1,502, and 2% more by value. Most were completed homes: 1,445, against 215 off-plan. A completed home changed hands at a median AED 1.07M, AED 811 a square foot — 12% more a foot than in June 2011.
The month in its year
June 2012 against the twelve months before it
1,660 sales in June 2012, against 1,502 in June 2011. Off-plan was 13% of the month, against 10% a year earlier.
Completed homes
What a completed home sold for in June 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 | 239 | AED 335K | 702 |
| 1 B/R | 465 | AED 677K | 812 |
| 2 B/R | 361 | AED 1.40M | 960 |
| 3 B/R | 182 | AED 2.21M | 895 |
| 4 B/R | 16 | AED 2.99M | 867 |
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 June to 29 June. The busiest was 11 June: 195 sales, AED 264m.
- Off-plan
- 215 sales at a median AED 953 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 243 of the 1,660, 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 June, 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 | 305 | 92 | 948 |
| Jumeirah Lake Towers | 144 | 1 | 756 |
| Downtown Dubai | 144 | 6 | 1,429 |
| International City | 143 | 0 | 362 |
| Palm Jumeirah | 104 | 13 | 1,245 |
| Jumeirah Village Circle | 102 | 52 | 885 |
| Business Bay | 78 | 16 | 948 |
| Greens | 74 | 7 | 912 |
| Discovery Gardens | 59 | 0 | 608 |
| The Springs | 45 | 0 | 620 |
| Jumeirah Beach Residence | 43 | 0 | 1,006 |
| The Views | 42 | 0 | 1,043 |
| Dubai Silicon Oasis | 41 | 6 | 513 |
| Dubai Production City (IMPZ) | 34 | 0 | 1,009 |
| Dubai Land Residence Complex | 28 | 0 | 670 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,429 | 138 |
| Palm Jumeirah | 1,245 | 91 |
| The Views | 1,043 | 42 |
| Dubai Production City (IMPZ) | 1,009 | 34 |
| Jumeirah Beach Residence | 1,006 | 43 |
| Business Bay | 948 | 62 |
| Dubai Marina | 948 | 213 |
| Greens | 912 | 67 |
| Jumeirah Village Circle | 885 | 50 |
| Jumeirah Lake Towers | 756 | 143 |
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 June 2012
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Elite ResidenceDubai Marina | 63 | all | 1,094 |
| 2 | CappadociaJumeirah Village Circle | 50 | all | 281 |
| 3 | The Dubai Mall ResidencesDowntown Dubai | 40 | 0 | 2,378 |
| 4 | MAG 218Dubai Marina | 29 | 0 | 775 |
| 5 | Axis Residence 5Dubai Silicon Oasis | 21 | 0 | 513 |
| 6 | Churchill Residency TowerBusiness Bay | 21 | 0 | 971 |
| 7 | The TorchDubai Marina | 20 | 0 | 982 |
| 8 | Mediterranean Cluster Building 64Discovery Gardens | 20 | 0 | 892 |
| 9 | Building N04International City | 16 | 0 | 338 |
| 10 | Lago Vista ADubai Production City (IMPZ) | 15 | 0 | 997 |
| 11 | Lake TerraceJumeirah Lake Towers | 14 | 0 | 773 |
| 12 | Goldcrest Views 2Jumeirah Lake Towers | 14 | 0 | 874 |
| 13 | Murano TownhousesAl Furjan | 13 | 0 | 622 |
| 14 | Al Jawzaa AAl Warsan | 11 | 0 | 701 |
| 15 | Dream TowerDubai Marina | 11 | 0 | 827 |
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 June 2012
The dearest was an AED 14M completed five-bedroom home at Marina Residences 2, Palm Jumeirah — 13,095 sq ft at AED 1,031 a square foot, registered on 4 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 4 Jun 2012 | Marina Residences 2Palm Jumeirah | 5 B/R | 13,095 | AED 14M | 1,031 | Completed |
| 4 Jun 2012 | Marina Residences 4Palm Jumeirah | 4 B/R | 6,821 | AED 11M | 1,646 | Completed |
| 25 Jun 2012 | MeskDubai Production City (IMPZ) | 5 B/R | 6,734 | AED 11M | 1,604 | Completed |
| 12 Jun 2012 | Elite ResidenceDubai Marina | 3 B/R | 12,375 | AED 10M | 811 | Off-plan |
| 4 Jun 2012 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 8.50M | 1,506 | Off-plan |
| 6 Jun 2012 | The TorchDubai Marina | 3 B/R | 4,033 | AED 8.07M | 2,002 | Completed |
| 6 Jun 2012 | The TorchDubai Marina | 3 B/R | 4,033 | AED 8.07M | 2,002 | Completed |
| 11 Jun 2012 | Churchill Residency TowerBusiness Bay | 3 B/R | 5,322 | AED 7.46M | 1,402 | Completed |
| 11 Jun 2012 | D1 TowerCulture Village | 4 B/R | 4,349 | AED 7.12M | 1,638 | Off-plan |
| 19 Jun 2012 | D1 TowerCulture Village | 4 B/R | 4,349 | AED 6.35M | 1,459 | Off-plan |
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 June 2012, answered
How many properties were sold in Dubai in June 2012?
1,660 residential sales were registered at the Dubai Land Department in June 2012, worth AED 2.5bn: 215 off-plan and 1,445 completed homes. That is 11% more than in June 2011, when 1,502 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 June 2012?
The dearest apartment or villa registered was an AED 14M completed five-bedroom home at Marina Residences 2, Palm Jumeirah — 13,095 sq ft at AED 1,031 a square foot, registered on 4 June. Next came AED 11M at Marina Residences 4, Palm Jumeirah, and AED 11M at Mesk, Dubai Production City (IMPZ). 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 June 2012?
Dubai Marina, with 305 registered sales, 213 of them completed homes; then Jumeirah Lake Towers (144) and Downtown Dubai (144). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,429 across 138 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.