Dubai property prices › Month by month › May 2013
The Dubai property market in May 2013
In May 2013 the Dubai Land Department registered 3,663 residential sales worth AED 6.4bn — 87% more than in May 2012, when it registered 1,955, and 103% more by value. Most were completed homes: 3,249, against 414 off-plan. A completed home changed hands at a median AED 1.16M, AED 917 a square foot — 15% more a foot than in May 2012.
The month in its year
May 2013 against the twelve months before it
3,663 sales in May 2013, against 1,955 in May 2012. Off-plan was 11% of the month, against 9% a year earlier.
Completed homes
What a completed home sold for in May 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 | 534 | AED 360K | 769 |
| 1 B/R | 1,083 | AED 811K | 972 |
| 2 B/R | 788 | AED 1.54M | 1,020 |
| 3 B/R | 403 | AED 2.41M | 989 |
| 4 B/R | 54 | AED 3.98M | 946 |
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 May to 30 May. The busiest was 13 May: 386 sales, AED 674m.
- Off-plan
- 414 sales at a median AED 1,596 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 441 of the 3,663, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 459 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 May, 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 | 538 | 51 | 1,182 |
| Jumeirah Lake Towers | 438 | 6 | 910 |
| Downtown Dubai | 322 | 95 | 1,600 |
| International City | 322 | 3 | 557 |
| Business Bay | 288 | 124 | 1,195 |
| Palm Jumeirah | 180 | 22 | 1,501 |
| Jumeirah Village Circle | 136 | 10 | 831 |
| Remraam | 116 | 0 | 910 |
| Greens | 99 | 10 | 1,081 |
| Dubai Sports City | 95 | 14 | 757 |
| Dubai Production City (IMPZ) | 79 | 7 | 715 |
| The Springs | 79 | 0 | 705 |
| Discovery Gardens | 77 | 0 | 702 |
| Jumeirah Beach Residence | 71 | 0 | 1,151 |
| The Views | 70 | 0 | 1,188 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,600 | 227 |
| Palm Jumeirah | 1,501 | 158 |
| The Lakes | 1,286 | 13 |
| Business Bay | 1,195 | 164 |
| The Views | 1,188 | 70 |
| Dubai Marina | 1,182 | 487 |
| Jumeirah Beach Residence | 1,151 | 71 |
| Greens | 1,081 | 89 |
| Barsha Heights (Tecom) | 948 | 10 |
| Jumeirah Lake Towers | 910 | 432 |
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 May 2013
The 15 buildings with the most sales registered in May, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Indigo TowerJumeirah Lake Towers | 62 | 0 | 486 |
| 2 | Al Ramth 59Remraam | 57 | 0 | 1,003 |
| 3 | Lakeside ResidenceJumeirah Lake Towers | 54 | 0 | 997 |
| 4 | Elite ResidenceDubai Marina | 44 | 0 | 1,289 |
| 5 | Trident Grand ResidenceDubai Marina | 42 | 0 | 1,213 |
| 6 | BD Standpoint ADowntown Dubai | 39 | all | 1,811 |
| 7 | Lincoln Park AArjan | 38 | all | 981 |
| 8 | Damac Towers by Paramount Tower DBusiness Bay | 38 | all | 2,127 |
| 9 | Princess TowerDubai Marina | 33 | 0 | 1,351 |
| 10 | Central 1Business Bay | 32 | 0 | 1,511 |
| 11 | Boulevard Central Tower 1Downtown Dubai | 32 | 0 | 1,646 |
| 12 | Concorde TowerJumeirah Lake Towers | 32 | 0 | 899 |
| 13 | Damac Towers by Paramount Tower ABusiness Bay | 29 | all | 2,181 |
| 14 | Elite Sports Residence 2Dubai Sports City | 27 | 0 | 1,044 |
| 15 | Murano TownhousesAl Furjan | 26 | 0 | 948 |
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 May 2013
The dearest was an AED 23M completed four-bedroom home at Le Reve, Dubai Marina — 6,298 sq ft at AED 3,652 a square foot, registered on 20 May.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 20 May 2013 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 23M | 3,652 | Completed |
| 13 May 2013 | Palazzo VersaceCulture Village | 4 B/R | 5,000 | AED 16M | 3,149 | Off-plan |
| 9 May 2013 | Palazzo VersaceCulture Village | 4 B/R | 5,032 | AED 15M | 3,032 | Off-plan |
| 20 May 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,182 | AED 14M | 12,019 | Completed |
| 15 May 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,182 | AED 12M | 9,788 | Completed |
| 6 May 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,185 | AED 11M | 9,584 | Completed |
| 2 May 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,051 | AED 11M | 10,372 | Completed |
| 21 May 2013 | The Fairmont Palm Residence NorthPalm Jumeirah | 3 B/R | 4,073 | AED 9.50M | 2,332 | Completed |
| 2 May 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,049 | AED 9.39M | 8,953 | Completed |
| 6 May 2013 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 9.20M | 1,630 | 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 May 2013, answered
How many properties were sold in Dubai in May 2013?
3,663 residential sales were registered at the Dubai Land Department in May 2013, worth AED 6.4bn: 414 off-plan and 3,249 completed homes. That is 87% more than in May 2012, when 1,955 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 May 2013?
The dearest apartment or villa registered was an AED 23M completed four-bedroom home at Le Reve, Dubai Marina — 6,298 sq ft at AED 3,652 a square foot, registered on 20 May. Next came AED 16M at Palazzo Versace, Culture Village, and AED 15M at Palazzo Versace, Culture Village. 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 May 2013?
Dubai Marina, with 538 registered sales, 487 of them completed homes; then Jumeirah Lake Towers (438) and Downtown Dubai (322). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,600 across 227 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.