Dubai property prices › Month by month › June 2013
The Dubai property market in June 2013
In June 2013 the Dubai Land Department registered 3,416 residential sales worth AED 6.1bn — 106% more than in June 2012, when it registered 1,660, and 143% more by value. Most were completed homes: 2,877, against 539 off-plan. A completed home changed hands at a median AED 1.10M, AED 898 a square foot — 11% more a foot than in June 2012.
The month in its year
June 2013 against the twelve months before it
3,416 sales in June 2013, against 1,660 in June 2012. Off-plan was 16% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in June 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 | 501 | AED 374K | 788 |
| 1 B/R | 972 | AED 792K | 931 |
| 2 B/R | 709 | AED 1.43M | 999 |
| 3 B/R | 335 | AED 2.42M | 974 |
| 4 B/R | 54 | AED 3.71M | 969 |
| PENTHOUSE | 10 | AED 7.00M | 1,295 |
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, 3 June to 28 June. The busiest was 24 June: 410 sales, AED 607m.
- Off-plan
- 539 sales at a median AED 1,510 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 364 of the 3,416, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 290 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 June, 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 | 520 | 98 | 1,197 |
| Jumeirah Lake Towers | 397 | 12 | 922 |
| Downtown Dubai | 317 | 96 | 1,601 |
| Business Bay | 228 | 71 | 1,299 |
| International City | 212 | 2 | 568 |
| Dubai Sports City | 193 | 51 | 751 |
| Palm Jumeirah | 136 | 16 | 1,418 |
| Jumeirah Village Circle | 132 | 15 | 731 |
| Dubai Silicon Oasis | 94 | 0 | 593 |
| Remraam | 77 | 0 | 880 |
| Dubai Production City (IMPZ) | 73 | 6 | 730 |
| Motor City | 72 | 0 | 648 |
| Jumeirah Beach Residence | 61 | 0 | 1,140 |
| Greens | 61 | 5 | 1,149 |
| The Springs | 56 | 0 | 726 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,601 | 221 |
| Palm Jumeirah | 1,418 | 120 |
| Business Bay | 1,299 | 157 |
| The Views | 1,252 | 38 |
| Dubai Marina | 1,197 | 422 |
| Greens | 1,149 | 56 |
| Jumeirah Beach Residence | 1,140 | 61 |
| Dubai Festival City | 1,011 | 29 |
| Barsha Heights (Tecom) | 952 | 12 |
| Jumeirah Lake Towers | 922 | 385 |
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 June 2013
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | West Avenue TowerDubai Marina | 73 | all | 1,513 |
| 2 | Elite Sports Residence 2Dubai Sports City | 65 | 0 | 945 |
| 3 | Newbridge Hill 1Motor City | 48 | 0 | 646 |
| 4 | Marina PinnacleDubai Marina | 45 | 0 | 1,085 |
| 5 | Lakeside ResidenceJumeirah Lake Towers | 44 | 0 | 993 |
| 6 | Elite Sports Residence 4Dubai Sports City | 43 | 0 | 663 |
| 7 | Hilliana TowerAl Sufouh | 42 | all | 1,105 |
| 8 | Elite Sports Residence 6Dubai Sports City | 41 | all | 615 |
| 9 | Lake Point TowerJumeirah Lake Towers | 40 | 0 | 731 |
| 10 | BD Standpoint ADowntown Dubai | 38 | all | 1,859 |
| 11 | Goldcrest Views 1Jumeirah Lake Towers | 37 | 0 | 698 |
| 12 | Damac Towers by Paramount Tower DBusiness Bay | 31 | all | 2,108 |
| 13 | Lincoln Park AArjan | 30 | all | 1,021 |
| 14 | Burj Al NujoomDowntown Dubai | 29 | 0 | 1,160 |
| 15 | Bay Central 2Dubai Marina | 29 | 1 | — |
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 June 2013
The dearest was an AED 42M completed home in the Land Department's Palm Jumeirah area — 33,503 sq ft at AED 1,254 a square foot, registered on 26 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 26 Jun 2013 | Palm Jumeirah | PENTHOUSE | 33,503 | AED 42M | 1,254 | Completed |
| 28 Jun 2013 | Palazzo VersaceCulture Village | 4 B/R | 5,016 | AED 16M | 3,180 | Off-plan |
| 10 Jun 2013 | Damac HeightsDubai Marina | 4 B/R | 3,700 | AED 15M | 4,054 | Off-plan |
| 12 Jun 2013 | Emirates CrownDubai Marina | 5 B/R | 7,690 | AED 15M | 1,892 | Completed |
| 21 Jun 2013 | Palm Jumeirah | 3 B/R | 4,985 | AED 14M | 2,723 | Off-plan |
| 19 Jun 2013 | Palm Jumeirah | 4 B/R | 5,469 | AED 13M | 2,400 | Off-plan |
| 19 Jun 2013 | Palm Jumeirah | 4 B/R | 5,469 | AED 13M | 2,375 | Off-plan |
| 24 Jun 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,049 | AED 12M | 11,608 | Completed |
| 19 Jun 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 2,174 | AED 12M | 5,370 | Completed |
| 11 Jun 2013 | Kempinski Palm ResidencePalm Jumeirah | 3 B/R | 6,898 | AED 12M | 1,667 | 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 June 2013, answered
How many properties were sold in Dubai in June 2013?
3,416 residential sales were registered at the Dubai Land Department in June 2013, worth AED 6.1bn: 539 off-plan and 2,877 completed homes. That is 106% more than in June 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 June 2013?
The dearest apartment or villa registered was an AED 42M completed home in the Land Department's Palm Jumeirah area — 33,503 sq ft at AED 1,254 a square foot, registered on 26 June. Next came AED 16M at Palazzo Versace, Culture Village, and AED 15M at Damac Heights, 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 June 2013?
Dubai Marina, with 520 registered sales, 422 of them completed homes; then Jumeirah Lake Towers (397) and Downtown Dubai (317). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,601 across 221 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.