Dubai property prices › Month by month › October 2013
The Dubai property market in October 2013
In October 2013 the Dubai Land Department registered 5,313 residential sales worth AED 9.1bn — 90% more than in October 2012, when it registered 2,799, and 113% more by value. Most were completed homes: 4,329, against 984 off-plan. A completed home changed hands at a median AED 1.01M, AED 914 a square foot — 4% more a foot than in October 2012.
The month in its year
October 2013 against the twelve months before it
5,313 sales in October 2013 — the most in a month since March 2010, against 2,799 in October 2012. Off-plan was 19% of the month, against 11% a year earlier.
Completed homes
What a completed home sold for in October 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 | 793 | AED 380K | 806 |
| 1 B/R | 1,771 | AED 833K | 998 |
| 2 B/R | 903 | AED 1.46M | 1,035 |
| 3 B/R | 424 | AED 2.36M | 1,002 |
| 4 B/R | 98 | AED 3.58M | 907 |
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 October to 31 October. The busiest was 21 October: 699 sales, AED 1.1bn.
- Off-plan
- 984 sales at a median AED 850 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 628 of the 5,313, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 968 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 October, 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 | 667 | 41 | 1,278 |
| Downtown Dubai | 580 | 92 | 2,026 |
| Business Bay | 405 | 63 | 1,250 |
| International City | 372 | 1 | 619 |
| Jumeirah Village Circle | 352 | 90 | 821 |
| Jumeirah Lake Towers | 347 | 23 | 946 |
| Motor City | 300 | 0 | 600 |
| Reem | 276 | 276 | — |
| Dubai Sports City | 253 | 6 | 802 |
| Dubai Production City (IMPZ) | 244 | 90 | 959 |
| Palm Jumeirah | 177 | 112 | 1,568 |
| Remraam | 166 | 0 | 896 |
| Greens | 120 | 79 | 1,306 |
| Jumeirah Beach Residence | 115 | 0 | 1,234 |
| Dubai Silicon Oasis | 115 | 1 | 686 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,026 | 488 |
| The Views | 1,572 | 29 |
| Palm Jumeirah | 1,568 | 65 |
| Greens | 1,306 | 41 |
| Dubai Marina | 1,278 | 626 |
| Business Bay | 1,250 | 342 |
| Jumeirah Beach Residence | 1,234 | 115 |
| Barsha Heights (Tecom) | 1,031 | 12 |
| Al Furjan | 1,011 | 15 |
| Jebel Ali | 1,000 | 42 |
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 October 2013
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Damac Maison Dubai Mall Street (The Signature)Downtown Dubai | 186 | 0 | 2,226 |
| 2 | Elite Sports Residence 6Dubai Sports City | 140 | 0 | 788 |
| 3 | Barton House 1Motor City | 112 | 0 | 600 |
| 4 | Marina PinnacleDubai Marina | 90 | 0 | 961 |
| 5 | Windsor ManorBusiness Bay | 78 | 0 | 600 |
| 6 | Shakespeare Circus 1Motor City | 77 | 0 | 697 |
| 7 | Burj Vista Tower 1Downtown Dubai | 76 | all | 1,895 |
| 8 | The Residences at Business CentralBusiness Bay | 72 | 0 | 1,242 |
| 9 | Central 1Business Bay | 71 | 0 | 1,489 |
| 10 | HDS Sunstar 2International City | 70 | 0 | 400 |
| 11 | Mira 3Reem | 64 | all | 548 |
| 12 | Mira 1Reem | 63 | all | 497 |
| 13 | Mira 4Reem | 63 | all | 574 |
| 14 | Marina TowerDubai Marina | 63 | 0 | 1,617 |
| 15 | Orra MarinaDubai Marina | 62 | 0 | 379 |
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 October 2013
The dearest was an AED 35M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,520 sq ft at AED 2,800 a square foot, registered on 7 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 7 Oct 2013 | Palm Jumeirah | 5 B/R | 12,520 | AED 35M | 2,800 | Off-plan |
| 3 Oct 2013 | Palm Jumeirah | 5 B/R | 12,501 | AED 35M | 2,800 | Off-plan |
| 7 Oct 2013 | Palm Jumeirah | 4 B/R | 9,747 | AED 21M | 2,205 | Off-plan |
| 7 Oct 2013 | Palm Jumeirah | 4 B/R | 9,747 | AED 21M | 2,205 | Off-plan |
| 10 Oct 2013 | Ocean HeightsDubai Marina | 5 B/R | 11,022 | AED 19M | 1,678 | Completed |
| 8 Oct 2013 | Le ReveDubai Marina | 4 B/R | 6,308 | AED 19M | 2,933 | Completed |
| 7 Oct 2013 | Palm Jumeirah | 4 B/R | 5,954 | AED 15M | 2,550 | Off-plan |
| 1 Oct 2013 | Goldcrest Views 1Jumeirah Lake Towers | 5 B/R | 6,169 | AED 15M | 2,432 | Completed |
| 24 Oct 2013 | Elite ResidenceDubai Marina | 4 B/R | 6,246 | AED 13M | 2,069 | Completed |
| 24 Oct 2013 | Elite ResidenceDubai Marina | 4 B/R | 6,246 | AED 13M | 2,069 | 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 October 2013, answered
How many properties were sold in Dubai in October 2013?
5,313 residential sales were registered at the Dubai Land Department in October 2013, worth AED 9.1bn: 984 off-plan and 4,329 completed homes. That is 90% more than in October 2012, when 2,799 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 October 2013?
The dearest apartment or villa registered was an AED 35M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,520 sq ft at AED 2,800 a square foot, registered on 7 October. Next came AED 35M in the Land Department's Palm Jumeirah area, and AED 21M in the Land Department's Palm Jumeirah area. 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 October 2013?
Dubai Marina, with 667 registered sales, 626 of them completed homes; then Downtown Dubai (580) and Business Bay (405). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,026 across 488 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.