Dubai property prices › Month by month › September 2012
The Dubai property market in September 2012
In September 2012 the Dubai Land Department registered 1,837 residential sales worth AED 2.6bn — 55% more than in September 2011, when it registered 1,187, and 37% more by value. Most were completed homes: 1,593, against 244 off-plan. A completed home changed hands at a median AED 907K, AED 833 a square foot — 2% more a foot than in September 2011.
The month in its year
September 2012 against the twelve months before it
1,837 sales in September 2012, against 1,187 in September 2011. Off-plan was 13% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in September 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 | 311 | AED 332K | 742 |
| 1 B/R | 542 | AED 700K | 871 |
| 2 B/R | 374 | AED 1.36M | 928 |
| 3 B/R | 192 | AED 2.23M | 915 |
| 4 B/R | 35 | AED 3.64M | 1,000 |
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, 3 September to 28 September. The busiest was 24 September: 231 sales, AED 298m.
- Off-plan
- 244 sales at a median AED 1,105 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 200 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
- 121 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 September, 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 | 350 | 50 | 1,025 |
| International City | 290 | 0 | 499 |
| Jumeirah Lake Towers | 218 | 2 | 806 |
| Business Bay | 127 | 44 | 1,027 |
| Downtown Dubai | 116 | 32 | 1,474 |
| Greens | 78 | 6 | 1,044 |
| Dubai Sports City | 69 | 36 | 721 |
| Palm Jumeirah | 58 | 10 | 1,231 |
| Jumeirah Village Circle | 51 | 6 | 809 |
| The Springs | 47 | 0 | 547 |
| Jumeirah Beach Residence | 41 | 0 | 962 |
| Discovery Gardens | 37 | 0 | 528 |
| The Views | 34 | 0 | 1,081 |
| Dubai Land Residence Complex | 30 | 0 | 662 |
| Culture Village | 26 | 26 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,474 | 84 |
| Palm Jumeirah | 1,231 | 48 |
| The Views | 1,081 | 34 |
| Greens | 1,044 | 72 |
| Remraam | 1,038 | 16 |
| Business Bay | 1,027 | 83 |
| Dubai Marina | 1,025 | 300 |
| Jumeirah Beach Residence | 962 | 41 |
| Jumeirah Village Circle | 809 | 45 |
| Jumeirah Lake Towers | 806 | 216 |
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 September 2012
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Princess TowerDubai Marina | 73 | 0 | 1,101 |
| 2 | Central 1Business Bay | 41 | all | 1,100 |
| 3 | O2 ResidenceJumeirah Lake Towers | 35 | 0 | 789 |
| 4 | Hamza TowerDubai Sports City | 33 | 0 | 721 |
| 5 | Bay Central 2Dubai Marina | 31 | all | 1,100 |
| 6 | Al Alka 1Greens | 30 | 0 | 1,150 |
| 7 | Global Lake ViewJumeirah Lake Towers | 22 | 0 | 875 |
| 8 | Palazzo VersaceCulture Village | 22 | all | 2,174 |
| 9 | Elite ResidenceDubai Marina | 20 | 0 | 1,383 |
| 10 | The Dubai Mall ResidencesDowntown Dubai | 17 | 0 | 2,700 |
| 11 | Goldcrest Views 2Jumeirah Lake Towers | 17 | 0 | 871 |
| 12 | Churchill Residency TowerBusiness Bay | 16 | 0 | 1,001 |
| 13 | Goldcrest ExecutiveJumeirah Lake Towers | 16 | 0 | 953 |
| 14 | Murano TownhousesAl Furjan | 16 | 0 | 430 |
| 15 | Icon Tower 1Jumeirah Lake Towers | 15 | 0 | 771 |
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 September 2012
The dearest was an AED 13M off-plan four-bedroom home at Palazzo Versace, Culture Village — 5,035 sq ft at AED 2,541 a square foot, registered on 11 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 11 Sept 2012 | Palazzo VersaceCulture Village | 4 B/R | 5,035 | AED 13M | 2,541 | Off-plan |
| 17 Sept 2012 | Palazzo VersaceCulture Village | 4 B/R | 5,269 | AED 12M | 2,220 | Off-plan |
| 27 Sept 2012 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 11M | 5,591 | Off-plan |
| 12 Sept 2012 | Dubai Marina Mall HotelDubai Marina | PENTHOUSE | 3,329 | AED 10M | 3,087 | Completed |
| 19 Sept 2012 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 9.50M | 1,683 | Off-plan |
| 27 Sept 2012 | Marina Residences 3Palm Jumeirah | 4 B/R | 10,254 | AED 9.00M | 878 | Completed |
| 25 Sept 2012 | Palazzo VersaceCulture Village | 3 B/R | 4,895 | AED 8.99M | 1,837 | Off-plan |
| 25 Sept 2012 | Palazzo VersaceCulture Village | 3 B/R | 3,805 | AED 8.28M | 2,175 | Off-plan |
| 25 Sept 2012 | Palazzo VersaceCulture Village | 3 B/R | 3,808 | AED 8.28M | 2,173 | Off-plan |
| 25 Sept 2012 | Palazzo VersaceCulture Village | 3 B/R | 3,799 | AED 8.28M | 2,178 | 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 September 2012, answered
How many properties were sold in Dubai in September 2012?
1,837 residential sales were registered at the Dubai Land Department in September 2012, worth AED 2.6bn: 244 off-plan and 1,593 completed homes. That is 55% more than in September 2011, when 1,187 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 September 2012?
The dearest apartment or villa registered was an AED 13M off-plan four-bedroom home at Palazzo Versace, Culture Village — 5,035 sq ft at AED 2,541 a square foot, registered on 11 September. Next came AED 12M at Palazzo Versace, Culture Village, and AED 11M 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 September 2012?
Dubai Marina, with 350 registered sales, 300 of them completed homes; then International City (290) and Jumeirah Lake Towers (218). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,474 across 84 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.