Dubai property prices › Month by month › July 2013
The Dubai property market in July 2013
In July 2013 the Dubai Land Department registered 3,494 residential sales worth AED 7.1bn — 79% more than in July 2012, when it registered 1,952, and 138% more by value. Most were completed homes: 2,899, against 595 off-plan. A completed home changed hands at a median AED 1.15M, AED 904 a square foot — 8% more a foot than in July 2012.
The month in its year
July 2013 against the twelve months before it
3,494 sales in July 2013, against 1,952 in July 2012. Off-plan was 17% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in July 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 | 512 | AED 370K | 779 |
| 1 B/R | 1,014 | AED 839K | 963 |
| 2 B/R | 696 | AED 1.58M | 1,101 |
| 3 B/R | 341 | AED 2.54M | 1,062 |
| 4 B/R | 52 | AED 3.33M | 950 |
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
- 23, 1 July to 31 July. The busiest was 1 July: 307 sales, AED 648m.
- Off-plan
- 595 sales at a median AED 1,467 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 384 of the 3,494, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 238 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 July, 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 | 493 | 60 | 1,287 |
| Downtown Dubai | 369 | 80 | 1,624 |
| International City | 299 | 1 | 581 |
| Business Bay | 293 | 94 | 1,261 |
| Jumeirah Lake Towers | 276 | 25 | 951 |
| Palm Jumeirah | 138 | 10 | 1,620 |
| Dubai Sports City | 137 | 49 | 661 |
| Motor City | 128 | 0 | 735 |
| Jumeirah Village Circle | 124 | 21 | 719 |
| Dubai Production City (IMPZ) | 85 | 20 | 725 |
| Discovery Gardens | 79 | 0 | 774 |
| Dubai Silicon Oasis | 78 | 7 | 651 |
| Greens | 69 | 6 | 1,182 |
| Jumeirah Beach Residence | 65 | 0 | 1,269 |
| Al Sufouh | 65 | 65 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,624 | 289 |
| Palm Jumeirah | 1,620 | 128 |
| The Views | 1,375 | 59 |
| Dubai Marina | 1,287 | 433 |
| Jumeirah Beach Residence | 1,269 | 65 |
| Business Bay | 1,261 | 199 |
| Greens | 1,182 | 63 |
| Dubai Festival City | 1,079 | 11 |
| Al Furjan | 954 | 43 |
| Jumeirah Lake Towers | 951 | 251 |
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 July 2013
The 15 buildings with the most sales registered in July, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Hilliana TowerAl Sufouh | 65 | all | 1,249 |
| 2 | Elite Sports Residence 4Dubai Sports City | 63 | 0 | 632 |
| 3 | Burj Al NujoomDowntown Dubai | 44 | 0 | 1,213 |
| 4 | Elite ResidenceDubai Marina | 42 | 0 | 1,423 |
| 5 | The Residences at Business CentralBusiness Bay | 41 | 0 | 1,350 |
| 6 | Murano TownhousesAl Furjan | 34 | 0 | 1,023 |
| 7 | Bay Central 2Dubai Marina | 34 | 0 | 1,395 |
| 8 | BD Standpoint ADowntown Dubai | 31 | all | 1,856 |
| 9 | Marina PinnacleDubai Marina | 28 | 0 | 992 |
| 10 | Oakwood ResidencyDubai Production City (IMPZ) | 28 | 0 | 725 |
| 11 | Scala TowerBusiness Bay | 28 | 0 | 600 |
| 12 | Newbridge Hill 1Motor City | 28 | 0 | 648 |
| 13 | Indigo TowerJumeirah Lake Towers | 26 | 0 | 443 |
| 14 | Elite Sports Residence 6Dubai Sports City | 25 | all | 622 |
| 15 | Ontario TowerBusiness Bay | 25 | 0 | 1,377 |
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 July 2013
The dearest was an AED 20M off-plan four-bedroom home at Palazzo Versace, Culture Village — 5,035 sq ft at AED 3,873 a square foot, registered on 2 July.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 2 Jul 2013 | Palazzo VersaceCulture Village | 4 B/R | 5,035 | AED 20M | 3,873 | Off-plan |
| 8 Jul 2013 | Palm Jumeirah | 3 B/R | 7,918 | AED 17M | 2,200 | Off-plan |
| 10 Jul 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 2,172 | AED 16M | 7,365 | Completed |
| 8 Jul 2013 | Kempinski Palm ResidencePalm Jumeirah | 5 B/R | 5,557 | AED 15M | 2,645 | Completed |
| 22 Jul 2013 | Palm Jumeirah | 4 B/R | 5,625 | AED 14M | 2,500 | Off-plan |
| 1 Jul 2013 | Palm Jumeirah | 4 B/R | 5,625 | AED 14M | 2,450 | Off-plan |
| 17 Jul 2013 | Palm Jumeirah | 3 B/R | 4,985 | AED 13M | 2,668 | Off-plan |
| 1 Jul 2013 | Palm Jumeirah | 4 B/R | 5,469 | AED 13M | 2,400 | Off-plan |
| 1 Jul 2013 | Palm Jumeirah | 4 B/R | 5,999 | AED 13M | 2,150 | Off-plan |
| 22 Jul 2013 | Palm Jumeirah | 4 B/R | 5,469 | AED 13M | 2,350 | 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 July 2013, answered
How many properties were sold in Dubai in July 2013?
3,494 residential sales were registered at the Dubai Land Department in July 2013, worth AED 7.1bn: 595 off-plan and 2,899 completed homes. That is 79% more than in July 2012, when 1,952 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 July 2013?
The dearest apartment or villa registered was an AED 20M off-plan four-bedroom home at Palazzo Versace, Culture Village — 5,035 sq ft at AED 3,873 a square foot, registered on 2 July. Next came AED 17M in the Land Department's Palm Jumeirah area, and AED 16M 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 July 2013?
Dubai Marina, with 493 registered sales, 433 of them completed homes; then Downtown Dubai (369) and International City (299). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,624 across 289 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.