Dubai property prices › Month by month › August 2013
The Dubai property market in August 2013
In August 2013 the Dubai Land Department registered 2,101 residential sales worth AED 3.7bn — 57% more than in August 2012, when it registered 1,336, and 86% more by value. Most were completed homes: 1,832, against 269 off-plan. A completed home changed hands at a median AED 1.19M, AED 927 a square foot — 15% more a foot than in August 2012.
The month in its year
August 2013 against the twelve months before it
2,101 sales in August 2013 — the fewest in a month since November 2012, against 1,336 in August 2012. Off-plan was 13% of the month, against 13% a year earlier.
Completed homes
What a completed home sold for in August 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 | 301 | AED 399K | 847 |
| 1 B/R | 691 | AED 878K | 1,033 |
| 2 B/R | 443 | AED 1.67M | 1,090 |
| 3 B/R | 168 | AED 2.76M | 1,007 |
| 4 B/R | 27 | AED 4.40M | 1,016 |
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
- 20, 1 August to 30 August. The busiest was 26 August: 223 sales, AED 335m.
- Off-plan
- 269 sales at a median AED 1,358 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 245 of the 2,101, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 184 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 August, 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 | 322 | 36 | 1,327 |
| Downtown Dubai | 270 | 63 | 1,767 |
| International City | 158 | 1 | 609 |
| Jumeirah Lake Towers | 151 | 0 | 1,004 |
| Business Bay | 139 | 37 | 1,285 |
| Dubai Sports City | 120 | 6 | 700 |
| Jumeirah Village Circle | 108 | 15 | 808 |
| Palm Jumeirah | 82 | 9 | 1,356 |
| Damac Hills | 65 | 14 | 710 |
| Remraam | 57 | 0 | 769 |
| Dubai Production City (IMPZ) | 52 | 10 | 778 |
| Dubai Silicon Oasis | 44 | 1 | 598 |
| Greens | 40 | 4 | 1,139 |
| The Springs | 34 | 0 | 842 |
| Al Sufouh | 33 | 33 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,767 | 207 |
| Palm Jumeirah | 1,356 | 73 |
| Dubai Marina | 1,327 | 286 |
| The Views | 1,288 | 16 |
| Business Bay | 1,285 | 102 |
| Jumeirah Beach Residence | 1,197 | 29 |
| Greens | 1,139 | 36 |
| Jumeirah Lake Towers | 1,004 | 151 |
| The Lakes | 957 | 11 |
| The Springs | 842 | 34 |
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 August 2013
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Elite Sports Residence 4Dubai Sports City | 58 | 0 | 977 |
| 2 | BD Standpoint ADowntown Dubai | 43 | 12 | — |
| 3 | Hilliana TowerAl Sufouh | 33 | all | 1,268 |
| 4 | Elite ResidenceDubai Marina | 28 | 0 | 1,351 |
| 5 | Olympic Park 2Dubai Sports City | 23 | 0 | 562 |
| 6 | BD Standpoint BDowntown Dubai | 22 | 3 | — |
| 7 | Burj Vista Tower 1Downtown Dubai | 22 | all | 1,950 |
| 8 | Burj Al NujoomDowntown Dubai | 21 | 0 | 1,206 |
| 9 | WhitefieldDamac Hills | 21 | 0 | 710 |
| 10 | Marina PinnacleDubai Marina | 20 | 0 | 1,134 |
| 11 | Bay Central 2Dubai Marina | 20 | 0 | 1,354 |
| 12 | Damac Towers by Paramount Tower DBusiness Bay | 19 | all | 2,045 |
| 13 | Summer 1Jumeirah Village Circle | 17 | 0 | 862 |
| 14 | Central 1Business Bay | 16 | 0 | 1,635 |
| 15 | Summer 2Jumeirah Village Circle | 16 | 2 | — |
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 August 2013
The dearest was an AED 13M completed three-bedroom home at Taj Grandeur Residences, Palm Jumeirah — 5,395 sq ft at AED 2,379 a square foot, registered on 5 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 5 Aug 2013 | Taj Grandeur ResidencesPalm Jumeirah | 3 B/R | 5,395 | AED 13M | 2,379 | Completed |
| 1 Aug 2013 | Palm Jumeirah | 4 B/R | 5,555 | AED 12M | 2,169 | Completed |
| 14 Aug 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 11M | 5,553 | Completed |
| 29 Aug 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,011 | AED 9.35M | 9,245 | Completed |
| 14 Aug 2013 | The Fairmont Palm Residence NorthPalm Jumeirah | 3 B/R | 5,262 | AED 9.00M | 1,711 | Completed |
| 1 Aug 2013 | The Jewels T1Dubai Marina | 4 B/R | 7,381 | AED 8.60M | 1,165 | Completed |
| 12 Aug 2013 | Al Kheeran | 4 B/R | 3,743 | AED 8.27M | 2,210 | Completed |
| 1 Aug 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 2,108 | AED 7.91M | 3,752 | Completed |
| 5 Aug 2013 | Burj KhalifaDowntown Dubai | 3 B/R | 2,323 | AED 7.70M | 3,315 | Completed |
| 26 Aug 2013 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 7.31M | 1,295 | 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 August 2013, answered
How many properties were sold in Dubai in August 2013?
2,101 residential sales were registered at the Dubai Land Department in August 2013, worth AED 3.7bn: 269 off-plan and 1,832 completed homes. That is 57% more than in August 2012, when 1,336 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 August 2013?
The dearest apartment or villa registered was an AED 13M completed three-bedroom home at Taj Grandeur Residences, Palm Jumeirah — 5,395 sq ft at AED 2,379 a square foot, registered on 5 August. Next came AED 12M in the Land Department's Palm Jumeirah area, and AED 11M 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 August 2013?
Dubai Marina, with 322 registered sales, 286 of them completed homes; then Downtown Dubai (270) and International City (158). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,767 across 207 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.