Dubai property prices › Month by month › November 2012
The Dubai property market in November 2012
In November 2012 the Dubai Land Department registered 2,093 residential sales worth AED 3.8bn — 93% more than in November 2011, when it registered 1,085, and 101% more by value. Most were completed homes: 1,832, against 261 off-plan. A completed home changed hands at a median AED 1.11M, AED 902 a square foot — 14% more a foot than in November 2011.
The month in its year
November 2012 against the twelve months before it
2,093 sales in November 2012, against 1,085 in November 2011. Off-plan was 12% of the month, against 11% a year earlier.
Completed homes
What a completed home sold for in November 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 | 271 | AED 365K | 771 |
| 1 B/R | 620 | AED 823K | 957 |
| 2 B/R | 503 | AED 1.50M | 991 |
| 3 B/R | 181 | AED 2.59M | 1,041 |
| 4 B/R | 28 | AED 4.15M | 1,235 |
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 29 November. The busiest was 12 November: 282 sales, AED 442m.
- Off-plan
- 261 sales at a median AED 1,513 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 274 of the 2,093, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 143 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 | 484 | 17 | 1,137 |
| Jumeirah Lake Towers | 193 | 4 | 832 |
| Business Bay | 185 | 87 | 1,106 |
| Downtown Dubai | 169 | 75 | 1,564 |
| International City | 134 | 1 | 467 |
| Jumeirah Village Circle | 123 | 2 | 842 |
| Palm Jumeirah | 73 | 12 | 1,394 |
| Jumeirah Beach Residence | 68 | 0 | 1,100 |
| Greens | 61 | 12 | 1,124 |
| The Springs | 43 | 0 | 750 |
| Dubai Sports City | 42 | 6 | 741 |
| The Views | 35 | 0 | 961 |
| Discovery Gardens | 35 | 0 | 619 |
| Remraam | 34 | 0 | 898 |
| Dubai Land Residence Complex | 32 | 0 | 611 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,564 | 94 |
| Palm Jumeirah | 1,394 | 61 |
| Dubai Marina | 1,137 | 467 |
| Greens | 1,124 | 49 |
| Business Bay | 1,106 | 98 |
| Jumeirah Beach Residence | 1,100 | 68 |
| The Views | 961 | 35 |
| Barsha Heights (Tecom) | 936 | 17 |
| Remraam | 898 | 34 |
| Jumeirah Village Circle | 842 | 121 |
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 2012
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Princess TowerDubai Marina | 92 | 0 | 1,179 |
| 2 | Elite ResidenceDubai Marina | 61 | 0 | 1,516 |
| 3 | The CosmopolitanBusiness Bay | 35 | all | 2,027 |
| 4 | Botanica TowerDubai Marina | 32 | 0 | 1,448 |
| 5 | Damac Maison The VogueBusiness Bay | 32 | all | 1,688 |
| 6 | The Manhattan TowerJumeirah Village Circle | 31 | 0 | 841 |
| 7 | Marina PinnacleDubai Marina | 29 | 0 | 908 |
| 8 | MAG 218Dubai Marina | 25 | 0 | 800 |
| 9 | Elite Sports Residence 1Dubai Sports City | 22 | 0 | 810 |
| 10 | The TorchDubai Marina | 22 | 0 | 911 |
| 11 | Burj KhalifaDowntown Dubai | 20 | 1 | — |
| 12 | Maple 2Jumeirah Village Circle | 18 | 0 | 897 |
| 13 | Park CentralBusiness Bay | 18 | all | 1,077 |
| 14 | Al Alka 1Greens | 17 | 0 | 1,199 |
| 15 | Concorde TowerJumeirah Lake Towers | 17 | 0 | 781 |
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 2012
The dearest was an AED 35M completed five-bedroom home at Le Reve, Dubai Marina — 14,349 sq ft at AED 2,418 a square foot, registered on 28 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 28 Nov 2012 | Le ReveDubai Marina | 5 B/R | 14,349 | AED 35M | 2,418 | Completed |
| 1 Nov 2012 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 10M | 5,438 | Off-plan |
| 19 Nov 2012 | Emirates CrownDubai Marina | 5 B/R | 7,687 | AED 9.15M | 1,190 | Completed |
| 1 Nov 2012 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 7.72M | 2,900 | Completed |
| 6 Nov 2012 | Burj KhalifaDowntown Dubai | 2 B/R | 2,008 | AED 7.18M | 3,576 | Completed |
| 26 Nov 2012 | Oceana CaribbeanPalm Jumeirah | 4 B/R | 5,304 | AED 6.95M | 1,310 | Completed |
| 22 Nov 2012 | Murjan 1Jumeirah Beach Residence | 4 B/R | 5,908 | AED 6.80M | 1,151 | Completed |
| 14 Nov 2012 | South Bay 3Dubai South (Dubai World Central) | 4 B/R | 5,121 | AED 6.66M | 1,300 | Completed |
| 5 Nov 2012 | Silverene Tower ADubai Marina | 4 B/R | 5,053 | AED 6.53M | 1,291 | Completed |
| 19 Nov 2012 | Al Hebiah First | 4 B/R | 14,077 | AED 6.40M | 455 | 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 2012, answered
How many properties were sold in Dubai in November 2012?
2,093 residential sales were registered at the Dubai Land Department in November 2012, worth AED 3.8bn: 261 off-plan and 1,832 completed homes. That is 93% more than in November 2011, when 1,085 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 2012?
The dearest apartment or villa registered was an AED 35M completed five-bedroom home at Le Reve, Dubai Marina — 14,349 sq ft at AED 2,418 a square foot, registered on 28 November. Next came AED 10M at Burj Khalifa, Downtown Dubai, and AED 9.15M at Emirates Crown, Dubai Marina. 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 2012?
Dubai Marina, with 484 registered sales, 467 of them completed homes; then Jumeirah Lake Towers (193) and Business Bay (185). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,564 across 94 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.