Dubai property prices › Month by month › March 2013
The Dubai property market in March 2013
In March 2013 the Dubai Land Department registered 3,017 residential sales worth AED 5.1bn — 82% more than in March 2012, when it registered 1,660, and 98% more by value. Most were completed homes: 2,743, against 274 off-plan. A completed home changed hands at a median AED 1.06M, AED 930 a square foot — 15% more a foot than in March 2012.
The month in its year
March 2013 against the twelve months before it
3,017 sales in March 2013, against 1,660 in March 2012. Off-plan was 9% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in March 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 | 479 | AED 353K | 772 |
| 1 B/R | 959 | AED 800K | 968 |
| 2 B/R | 680 | AED 1.53M | 1,060 |
| 3 B/R | 325 | AED 2.50M | 992 |
| 4 B/R | 47 | AED 4.40M | 1,005 |
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, 1 March to 29 March. The busiest was 18 March: 341 sales, AED 605m.
- Off-plan
- 274 sales at a median AED 1,375 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 295 of the 3,017, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 279 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 March, 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 | 699 | 70 | 1,087 |
| Jumeirah Lake Towers | 325 | 9 | 951 |
| Downtown Dubai | 278 | 30 | 1,559 |
| International City | 273 | 3 | 531 |
| Business Bay | 181 | 50 | 1,125 |
| Palm Jumeirah | 136 | 23 | 1,491 |
| Jumeirah Village Circle | 117 | 32 | 665 |
| Remraam | 89 | 0 | 850 |
| Greens | 76 | 8 | 919 |
| Jumeirah Beach Residence | 72 | 0 | 1,090 |
| Dubai Sports City | 71 | 2 | 768 |
| Discovery Gardens | 67 | 0 | 701 |
| The Springs | 56 | 0 | 730 |
| Al Furjan | 45 | 0 | 807 |
| The Views | 44 | 0 | 1,180 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,559 | 248 |
| Palm Jumeirah | 1,491 | 113 |
| The Views | 1,180 | 44 |
| Business Bay | 1,125 | 131 |
| Jumeirah Beach Residence | 1,090 | 72 |
| Dubai Marina | 1,087 | 629 |
| Jumeirah Lake Towers | 951 | 316 |
| Barsha Heights (Tecom) | 948 | 13 |
| Greens | 919 | 68 |
| Remraam | 850 | 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 March 2013
The 15 buildings with the most sales registered in March, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Marina PinnacleDubai Marina | 83 | 0 | 989 |
| 2 | Silverene Tower ADubai Marina | 56 | 0 | 1,223 |
| 3 | Lakeside ResidenceJumeirah Lake Towers | 53 | 0 | 991 |
| 4 | Princess TowerDubai Marina | 46 | 0 | 1,192 |
| 5 | Elite ResidenceDubai Marina | 43 | 0 | 1,392 |
| 6 | 23 MarinaDubai Marina | 39 | 0 | 998 |
| 7 | West Avenue TowerDubai Marina | 37 | all | 1,406 |
| 8 | Silverene Tower BDubai Marina | 33 | 0 | 1,200 |
| 9 | Goldcrest Views 2Jumeirah Lake Towers | 30 | 0 | 866 |
| 10 | Elite Sports Residence 1Dubai Sports City | 29 | 0 | 797 |
| 11 | Trident Grand ResidenceDubai Marina | 29 | 0 | 1,233 |
| 12 | The Dubai Mall ResidencesDowntown Dubai | 25 | 2 | — |
| 13 | Burj KhalifaDowntown Dubai | 24 | 0 | 3,501 |
| 14 | The CosmopolitanBusiness Bay | 24 | all | 2,234 |
| 15 | Elite Sports Residence 2Dubai Sports City | 23 | 0 | 950 |
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 March 2013
The dearest was an AED 22M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 1,926 sq ft at AED 11,409 a square foot, registered on 25 March.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 25 Mar 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 22M | 11,409 | Completed |
| 25 Mar 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 22M | 11,408 | Completed |
| 11 Mar 2013 | Burj KhalifaDowntown Dubai | 4 B/R | 6,306 | AED 21M | 3,362 | Completed |
| 19 Mar 2013 | Emerald Palace Kempinski HotelPalm Jumeirah | 4 B/R | 6,913 | AED 20M | 2,893 | Completed |
| 14 Mar 2013 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 19M | 3,017 | Completed |
| 14 Mar 2013 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 19M | 3,017 | Completed |
| 4 Mar 2013 | Burj KhalifaDowntown Dubai | 4 B/R | 4,596 | AED 18M | 3,819 | Completed |
| 25 Mar 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,185 | AED 13M | 10,852 | Completed |
| 18 Mar 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 2,172 | AED 13M | 5,813 | Completed |
| 27 Mar 2013 | Golden Mile 3Palm Jumeirah | PENTHOUSE | 10,222 | AED 12M | 1,222 | 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 March 2013, answered
How many properties were sold in Dubai in March 2013?
3,017 residential sales were registered at the Dubai Land Department in March 2013, worth AED 5.1bn: 274 off-plan and 2,743 completed homes. That is 82% more than in March 2012, when 1,660 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 March 2013?
The dearest apartment or villa registered was an AED 22M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 1,926 sq ft at AED 11,409 a square foot, registered on 25 March. Next came AED 22M at Burj Khalifa, Downtown Dubai, and AED 21M 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 March 2013?
Dubai Marina, with 699 registered sales, 629 of them completed homes; then Jumeirah Lake Towers (325) and Downtown Dubai (278). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,559 across 248 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.