Dubai property prices › Month by month › February 2013
The Dubai property market in February 2013
In February 2013 the Dubai Land Department registered 2,797 residential sales worth AED 4.5bn — 48% more than in February 2012, when it registered 1,889, and 62% more by value. Most were completed homes: 2,442, against 355 off-plan. A completed home changed hands at a median AED 1.22M, AED 969 a square foot — 21% more a foot than in February 2012.
The month in its year
February 2013 against the twelve months before it
2,797 sales in February 2013, against 1,889 in February 2012. Off-plan was 13% of the month, against 10% a year earlier.
Completed homes
What a completed home sold for in February 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 | 402 | AED 358K | 731 |
| 1 B/R | 817 | AED 840K | 1,021 |
| 2 B/R | 607 | AED 1.60M | 1,109 |
| 3 B/R | 297 | AED 2.45M | 1,065 |
| 4 B/R | 29 | AED 5.00M | 1,082 |
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, 4 February to 28 February. The busiest was 11 February: 282 sales, AED 424m.
- Off-plan
- 355 sales at a median AED 1,539 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 332 of the 2,797, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 242 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 February, 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 | 666 | 41 | 1,235 |
| Jumeirah Lake Towers | 239 | 11 | 920 |
| Downtown Dubai | 230 | 58 | 1,562 |
| International City | 223 | 2 | 526 |
| Business Bay | 187 | 95 | 1,064 |
| Palm Jumeirah | 142 | 35 | 1,424 |
| Greens | 89 | 4 | 1,077 |
| Jumeirah Village Circle | 83 | 19 | 674 |
| Dubai Sports City | 75 | 0 | 761 |
| Discovery Gardens | 61 | 0 | 655 |
| The Springs | 59 | 0 | 634 |
| The Views | 57 | 0 | 1,157 |
| Jumeirah Beach Residence | 53 | 0 | 1,218 |
| Dubai Production City (IMPZ) | 53 | 5 | 726 |
| Al Furjan | 51 | 0 | 822 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,562 | 172 |
| Palm Jumeirah | 1,424 | 107 |
| Dubai Marina | 1,235 | 625 |
| Jumeirah Beach Residence | 1,218 | 53 |
| The Views | 1,157 | 57 |
| Greens | 1,077 | 85 |
| Business Bay | 1,064 | 92 |
| Jumeirah Lake Towers | 920 | 228 |
| Remraam | 872 | 28 |
| Al Furjan | 822 | 51 |
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 February 2013
The 15 buildings with the most sales registered in February, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Elite ResidenceDubai Marina | 94 | 0 | 1,564 |
| 2 | Princess TowerDubai Marina | 64 | 0 | 1,296 |
| 3 | Silverene Tower BDubai Marina | 59 | 0 | 1,182 |
| 4 | The CosmopolitanBusiness Bay | 53 | all | 1,982 |
| 5 | Elite Sports Residence 1Dubai Sports City | 41 | 0 | 758 |
| 6 | Silverene Tower ADubai Marina | 39 | 0 | 1,293 |
| 7 | Murano TownhousesAl Furjan | 34 | 0 | 1,075 |
| 8 | Botanica TowerDubai Marina | 34 | 0 | 1,253 |
| 9 | Marina PinnacleDubai Marina | 30 | 0 | 1,056 |
| 10 | Concorde TowerJumeirah Lake Towers | 28 | 0 | 903 |
| 11 | Dubai Marina Mall HotelDubai Marina | 28 | 0 | 2,356 |
| 12 | Lakeside ResidenceJumeirah Lake Towers | 24 | 0 | 1,021 |
| 13 | The Crescent ADubai Production City (IMPZ) | 24 | 0 | 728 |
| 14 | The TorchDubai Marina | 23 | 0 | 1,064 |
| 15 | Churchill Residency TowerBusiness Bay | 22 | 0 | 1,048 |
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 February 2013
The dearest was an AED 24M completed four-bedroom home at Le Reve, Dubai Marina — 6,298 sq ft at AED 3,811 a square foot, registered on 14 February.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 14 Feb 2013 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 24M | 3,811 | Completed |
| 25 Feb 2013 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 20M | 3,176 | Completed |
| 7 Feb 2013 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 12M | 1,561 | Completed |
| 20 Feb 2013 | Marina HeightsDubai Marina | 5 B/R | 5,456 | AED 9.50M | 1,741 | Completed |
| 21 Feb 2013 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 9.20M | 3,455 | Completed |
| 18 Feb 2013 | Palazzo VersaceCulture Village | 3 B/R | 3,013 | AED 9.00M | 2,987 | Off-plan |
| 11 Feb 2013 | Residences_West PoduimDowntown Dubai | 3 B/R | 2,159 | AED 8.20M | 3,798 | Completed |
| 13 Feb 2013 | Kempinski Palm ResidencePalm Jumeirah | 3 B/R | 2,536 | AED 8.17M | 3,223 | Completed |
| 25 Feb 2013 | Al Anber | 3 B/R | 4,590 | AED 8.00M | 1,743 | Completed |
| 18 Feb 2013 | Trade Center Second | 4 B/R | 4,155 | AED 8.00M | 1,925 | 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 February 2013, answered
How many properties were sold in Dubai in February 2013?
2,797 residential sales were registered at the Dubai Land Department in February 2013, worth AED 4.5bn: 355 off-plan and 2,442 completed homes. That is 48% more than in February 2012, when 1,889 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 February 2013?
The dearest apartment or villa registered was an AED 24M completed four-bedroom home at Le Reve, Dubai Marina — 6,298 sq ft at AED 3,811 a square foot, registered on 14 February. Next came AED 20M at Le Reve, Dubai Marina, and AED 12M 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 February 2013?
Dubai Marina, with 666 registered sales, 625 of them completed homes; then Jumeirah Lake Towers (239) and Downtown Dubai (230). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,562 across 172 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.