Dubai property prices › Month by month › April 2013
The Dubai property market in April 2013
In April 2013 the Dubai Land Department registered 3,973 residential sales worth AED 7.0bn — 95% more than in April 2012, when it registered 2,036, and 120% more by value. Most were completed homes: 3,563, against 410 off-plan. A completed home changed hands at a median AED 1.16M, AED 931 a square foot — 10% more a foot than in April 2012.
The month in its year
April 2013 against the twelve months before it
3,973 sales in April 2013 — the most in a month since March 2010, against 2,036 in April 2012. Off-plan was 10% of the month, against 8% a year earlier.
Completed homes
What a completed home sold for in April 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 | 616 | AED 385K | 803 |
| 1 B/R | 1,150 | AED 819K | 993 |
| 2 B/R | 881 | AED 1.50M | 1,025 |
| 3 B/R | 436 | AED 2.45M | 996 |
| 4 B/R | 59 | AED 3.60M | 939 |
| 5 B/R | 10 | AED 8.15M | 1,616 |
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
- 22, 1 April to 30 April. The busiest was 22 April: 449 sales, AED 742m.
- Off-plan
- 410 sales at a median AED 1,606 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 474 of the 3,973, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 474 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 April, 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 | 836 | 87 | 1,136 |
| Jumeirah Lake Towers | 438 | 7 | 931 |
| Downtown Dubai | 336 | 97 | 1,520 |
| Business Bay | 312 | 79 | 1,136 |
| International City | 220 | 0 | 533 |
| Palm Jumeirah | 187 | 33 | 1,498 |
| Jumeirah Village Circle | 182 | 27 | 805 |
| Greens | 135 | 6 | 1,000 |
| Dubai Production City (IMPZ) | 133 | 4 | 806 |
| Dubai Sports City | 115 | 2 | 784 |
| Remraam | 111 | 0 | 845 |
| The Springs | 68 | 0 | 737 |
| Jumeirah Beach Residence | 68 | 0 | 1,116 |
| The Views | 61 | 0 | 1,095 |
| Discovery Gardens | 60 | 0 | 723 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,520 | 239 |
| Palm Jumeirah | 1,498 | 154 |
| Dubai Marina | 1,136 | 749 |
| Business Bay | 1,136 | 233 |
| Jumeirah Beach Residence | 1,116 | 68 |
| The Views | 1,095 | 61 |
| Greens | 1,000 | 129 |
| Jumeirah Lake Towers | 931 | 431 |
| Barsha Heights (Tecom) | 910 | 20 |
| Remraam | 845 | 111 |
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 April 2013
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Lakeside ResidenceJumeirah Lake Towers | 63 | 0 | 1,010 |
| 2 | Dubai Marina Mall HotelDubai Marina | 62 | 0 | 2,761 |
| 3 | Elite Sports Residence 2Dubai Sports City | 61 | 0 | 982 |
| 4 | West Avenue TowerDubai Marina | 56 | all | 1,468 |
| 5 | Marina PinnacleDubai Marina | 55 | 0 | 973 |
| 6 | Trident Grand ResidenceDubai Marina | 52 | 0 | 1,188 |
| 7 | BD Standpoint ADowntown Dubai | 50 | all | 1,801 |
| 8 | Al Ramth 57Remraam | 48 | 0 | 997 |
| 9 | Elite ResidenceDubai Marina | 48 | 0 | 1,367 |
| 10 | Princess TowerDubai Marina | 47 | 0 | 1,343 |
| 11 | Goldcrest Views 2Jumeirah Lake Towers | 43 | 0 | 887 |
| 12 | Central 1Business Bay | 37 | 0 | 1,538 |
| 13 | Silverene Tower BDubai Marina | 36 | 0 | 1,232 |
| 14 | The Crescent ADubai Production City (IMPZ) | 35 | 0 | 687 |
| 15 | Goldcrest ExecutiveJumeirah Lake Towers | 32 | 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 April 2013
The dearest was an AED 38M completed five-bedroom home at Le Reve, Dubai Marina — 14,349 sq ft at AED 2,648 a square foot, registered on 10 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 10 Apr 2013 | Le ReveDubai Marina | 5 B/R | 14,349 | AED 38M | 2,648 | Completed |
| 15 Apr 2013 | Burj KhalifaDowntown Dubai | 4 B/R | 6,306 | AED 24M | 3,806 | Completed |
| 29 Apr 2013 | Dream Palm ResidencePalm Jumeirah | 4 B/R | 7,683 | AED 18M | 2,300 | Completed |
| 29 Apr 2013 | D1 TowerCulture Village | 5 B/R | 9,203 | AED 15M | 1,576 | Off-plan |
| 4 Apr 2013 | Palm Jumeirah | 4 B/R | 9,451 | AED 12M | 1,275 | Off-plan |
| 11 Apr 2013 | DiamondPalm Jumeirah | 4 B/R | 5,217 | AED 11M | 2,109 | Completed |
| 25 Apr 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 11M | 5,668 | Completed |
| 30 Apr 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,051 | AED 11M | 10,330 | Completed |
| 22 Apr 2013 | Palazzo VersaceCulture Village | 3 B/R | 2,975 | AED 11M | 3,529 | Off-plan |
| 10 Apr 2013 | Al Seef Tower 1Jumeirah Lake Towers | 5 B/R | 7,606 | AED 10M | 1,348 | 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 April 2013, answered
How many properties were sold in Dubai in April 2013?
3,973 residential sales were registered at the Dubai Land Department in April 2013, worth AED 7.0bn: 410 off-plan and 3,563 completed homes. That is 95% more than in April 2012, when 2,036 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 April 2013?
The dearest apartment or villa registered was an AED 38M completed five-bedroom home at Le Reve, Dubai Marina — 14,349 sq ft at AED 2,648 a square foot, registered on 10 April. Next came AED 24M at Burj Khalifa, Downtown Dubai, and AED 18M at Dream Palm Residence, Palm Jumeirah. 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 April 2013?
Dubai Marina, with 836 registered sales, 749 of them completed homes; then Jumeirah Lake Towers (438) and Downtown Dubai (336). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,520 across 239 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.