Dubai property prices › Month by month › January 2013
The Dubai property market in January 2013
In January 2013 the Dubai Land Department registered 2,972 residential sales worth AED 5.0bn — 91% more than in January 2012, when it registered 1,554, and 134% more by value. Most were completed homes: 2,637, against 335 off-plan. A completed home changed hands at a median AED 1.17M, AED 910 a square foot — 13% more a foot than in January 2012.
The month in its year
January 2013 against the twelve months before it
2,972 sales in January 2013, against 1,554 in January 2012. Off-plan was 11% of the month, against 10% a year earlier.
Completed homes
What a completed home sold for in January 2013
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 | 395 | AED 340K | 719 |
| 1 B/R | 872 | AED 800K | 947 |
| 2 B/R | 687 | AED 1.47M | 1,014 |
| 3 B/R | 332 | AED 2.50M | 1,020 |
| 4 B/R | 46 | AED 5.32M | 1,116 |
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
- 21, 2 January to 31 January. The busiest was 28 January: 322 sales, AED 445m.
- Off-plan
- 335 sales at a median AED 1,481 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 382 of the 2,972, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 211 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 January, 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 | 774 | 43 | 1,143 |
| Jumeirah Lake Towers | 239 | 3 | 874 |
| International City | 236 | 1 | 526 |
| Downtown Dubai | 235 | 71 | 1,464 |
| Business Bay | 204 | 113 | 1,113 |
| Discovery Gardens | 120 | 0 | 661 |
| Jumeirah Village Circle | 99 | 10 | 909 |
| Palm Jumeirah | 98 | 18 | 1,256 |
| Dubai Sports City | 89 | 15 | 668 |
| Greens | 74 | 3 | 1,068 |
| The Springs | 66 | 0 | 691 |
| Al Furjan | 58 | 0 | 926 |
| The Views | 52 | 0 | 1,137 |
| Remraam | 47 | 0 | 867 |
| Dubai Land | 44 | 0 | 853 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,464 | 164 |
| Palm Jumeirah | 1,256 | 80 |
| Jumeirah Beach Residence | 1,184 | 41 |
| Dubai Marina | 1,143 | 731 |
| The Views | 1,137 | 52 |
| Business Bay | 1,113 | 91 |
| Greens | 1,068 | 71 |
| The Lakes | 965 | 15 |
| Al Furjan | 926 | 58 |
| Jumeirah Village Circle | 909 | 89 |
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 January 2013
The 15 buildings with the most sales registered in January, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Princess TowerDubai Marina | 192 | 0 | 1,193 |
| 2 | Elite ResidenceDubai Marina | 97 | 0 | 1,438 |
| 3 | Hamza TowerDubai Sports City | 55 | 0 | 646 |
| 4 | Mediterranean Cluster Building 49Discovery Gardens | 46 | 0 | 677 |
| 5 | 23 MarinaDubai Marina | 45 | 0 | 932 |
| 6 | Silverene Tower BDubai Marina | 45 | 0 | 1,231 |
| 7 | Murano TownhousesAl Furjan | 41 | 0 | 1,073 |
| 8 | The CosmopolitanBusiness Bay | 41 | all | 2,050 |
| 9 | O2 ResidenceJumeirah Lake Towers | 40 | 0 | 799 |
| 10 | Marina PinnacleDubai Marina | 38 | 0 | 1,067 |
| 11 | Al Thamam 09Dubai Land | 32 | 0 | 890 |
| 12 | Silverene Tower ADubai Marina | 30 | 0 | 1,392 |
| 13 | Sobha DaffodilJumeirah Village Circle | 29 | 0 | 907 |
| 14 | Marina 101Dubai Marina | 29 | all | 1,160 |
| 15 | Botanica TowerDubai Marina | 27 | 0 | 1,441 |
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 January 2013
The dearest was an AED 14M completed five-bedroom home at Princess Tower, Dubai Marina — 12,948 sq ft at AED 1,118 a square foot, registered on 22 January.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 22 Jan 2013 | Princess TowerDubai Marina | 5 B/R | 12,948 | AED 14M | 1,118 | Completed |
| 14 Jan 2013 | Marina Residences 1Palm Jumeirah | 4 B/R | 6,821 | AED 12M | 1,705 | Completed |
| 8 Jan 2013 | The Dubai Mall ResidencesDowntown Dubai | 3 B/R | 3,145 | AED 11M | 3,568 | Completed |
| 9 Jan 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 11M | 5,668 | Off-plan |
| 31 Jan 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,049 | AED 10M | 9,699 | Completed |
| 16 Jan 2013 | Trident Grand ResidenceDubai Marina | PENTHOUSE | 5,741 | AED 9.00M | 1,568 | Completed |
| 7 Jan 2013 | Trident Grand ResidenceDubai Marina | PENTHOUSE | 7,401 | AED 8.80M | 1,189 | Completed |
| 28 Jan 2013 | Burj KhalifaDowntown Dubai | 3 B/R | 2,923 | AED 8.77M | 3,000 | Completed |
| 29 Jan 2013 | Elite ResidenceDubai Marina | 3 B/R | 3,177 | AED 8.39M | 2,639 | Completed |
| 31 Jan 2013 | La Residencia Del MarDubai Marina | 3 B/R | 6,097 | AED 8.38M | 1,374 | 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 January 2013, answered
How many properties were sold in Dubai in January 2013?
2,972 residential sales were registered at the Dubai Land Department in January 2013, worth AED 5.0bn: 335 off-plan and 2,637 completed homes. That is 91% more than in January 2012, when 1,554 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 January 2013?
The dearest apartment or villa registered was an AED 14M completed five-bedroom home at Princess Tower, Dubai Marina — 12,948 sq ft at AED 1,118 a square foot, registered on 22 January. Next came AED 12M at Marina Residences 1, Palm Jumeirah, and AED 11M at The Dubai Mall Residences, 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 January 2013?
Dubai Marina, with 774 registered sales, 731 of them completed homes; then Jumeirah Lake Towers (239) and International City (236). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,464 across 164 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.