Dubai property prices › Month by month › November 2013
The Dubai property market in November 2013
In November 2013 the Dubai Land Department registered 2,831 residential sales worth AED 5.6bn — 35% more than in November 2012, when it registered 2,093, and 48% more by value. Most were completed homes: 2,338, against 493 off-plan. A completed home changed hands at a median AED 1.38M, AED 1,061 a square foot — 18% more a foot than in November 2012.
The month in its year
November 2013 against the twelve months before it
2,831 sales in November 2013, against 2,093 in November 2012. Off-plan was 17% of the month, against 12% a year earlier.
Completed homes
What a completed home sold for in November 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 | 351 | AED 450K | 884 |
| 1 B/R | 923 | AED 900K | 1,090 |
| 2 B/R | 532 | AED 2.04M | 1,354 |
| 3 B/R | 204 | AED 2.86M | 1,079 |
| 4 B/R | 24 | AED 4.40M | 1,131 |
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 November to 29 November. The busiest was 18 November: 320 sales, AED 862m.
- Off-plan
- 493 sales at a median AED 790 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 479 of the 2,831, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 478 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 November, 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 |
|---|---|---|---|
| Downtown Dubai | 492 | 34 | 2,021 |
| Dubai Marina | 285 | 19 | 1,355 |
| Business Bay | 169 | 82 | 1,400 |
| Reem | 162 | 162 | — |
| Greens | 149 | 26 | 1,090 |
| International City | 149 | 2 | 655 |
| Dubai Sports City | 132 | 11 | 833 |
| Jumeirah Lake Towers | 132 | 1 | 1,121 |
| Jumeirah Village Circle | 102 | 23 | 781 |
| Al Furjan | 88 | 14 | 737 |
| Jumeirah Beach Residence | 86 | 0 | 1,544 |
| Palm Jumeirah | 70 | 10 | 1,655 |
| Dubai Production City (IMPZ) | 64 | 23 | 776 |
| Motor City | 54 | 0 | 800 |
| Discovery Gardens | 51 | 0 | 820 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,021 | 458 |
| Palm Jumeirah | 1,655 | 60 |
| Jumeirah Beach Residence | 1,544 | 86 |
| Business Bay | 1,400 | 87 |
| Dubai Marina | 1,355 | 266 |
| The Views | 1,251 | 50 |
| The Lakes | 1,132 | 12 |
| Jumeirah Lake Towers | 1,121 | 131 |
| Greens | 1,090 | 123 |
| Jebel Ali | 965 | 29 |
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 November 2013
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | 29 Burj Boulevard Tower 2Downtown Dubai | 71 | 0 | 2,086 |
| 2 | Al Thayyal 1Greens | 69 | 0 | 1,090 |
| 3 | BD Standpoint ADowntown Dubai | 52 | 0 | 2,030 |
| 4 | 29 Burj Boulevard Tower 1Downtown Dubai | 51 | 0 | 1,996 |
| 5 | Murano TownhousesAl Furjan | 49 | 0 | 753 |
| 6 | Mira 2Reem | 43 | all | 535 |
| 7 | Mira 3Reem | 41 | all | 563 |
| 8 | Damac Maison Dubai Mall Street (The Signature)Downtown Dubai | 40 | 0 | 2,398 |
| 9 | Al Bateen ResidencesJumeirah Beach Residence | 40 | 0 | 1,781 |
| 10 | Mira 4Reem | 33 | all | 579 |
| 11 | Elite Sports Residence 6Dubai Sports City | 32 | 0 | 785 |
| 12 | Central 1Business Bay | 32 | 0 | 1,477 |
| 13 | Damac Maison Prive ABusiness Bay | 30 | all | 2,289 |
| 14 | Bay Central 2Dubai Marina | 28 | 0 | 1,390 |
| 15 | The Dubai Mall ResidencesDowntown Dubai | 28 | 0 | 2,765 |
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 November 2013
The dearest was an AED 25M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,172 sq ft at AED 11,713 a square foot, registered on 7 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 7 Nov 2013 | Burj KhalifaDowntown Dubai | 2 B/R | 2,172 | AED 25M | 11,713 | Completed |
| 7 Nov 2013 | Palm Jumeirah | 4 B/R | 6,728 | AED 17M | 2,550 | Off-plan |
| 7 Nov 2013 | Palm Jumeirah | 4 B/R | 6,728 | AED 17M | 2,500 | Off-plan |
| 25 Nov 2013 | Palm Jumeirah | 4 B/R | 5,625 | AED 15M | 2,720 | Off-plan |
| 25 Nov 2013 | Palm Jumeirah | 3 B/R | 4,985 | AED 15M | 2,961 | Off-plan |
| 26 Nov 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,182 | AED 14M | 11,956 | Completed |
| 12 Nov 2013 | West Heights 5Business Bay | 4 B/R | 6,251 | AED 13M | 2,154 | Completed |
| 20 Nov 2013 | Al Fairooz TowerDubai Marina | 3 B/R | 4,628 | AED 10M | 2,215 | Completed |
| 20 Nov 2013 | Cayan TowerDubai Marina | PENTHOUSE | 5,489 | AED 9.80M | 1,785 | Completed |
| 5 Nov 2013 | Burj KhalifaDowntown Dubai | 1 B/R | 1,051 | AED 9.60M | 9,136 | 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 November 2013, answered
How many properties were sold in Dubai in November 2013?
2,831 residential sales were registered at the Dubai Land Department in November 2013, worth AED 5.6bn: 493 off-plan and 2,338 completed homes. That is 35% more than in November 2012, when 2,093 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 November 2013?
The dearest apartment or villa registered was an AED 25M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 2,172 sq ft at AED 11,713 a square foot, registered on 7 November. Next came AED 17M in the Land Department's Palm Jumeirah area, and AED 17M 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 November 2013?
Downtown Dubai, with 492 registered sales, 458 of them completed homes; then Dubai Marina (285) and Business Bay (169). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,021 across 458 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.