Dubai property prices › Month by month › April 2014
The Dubai property market in April 2014
In April 2014 the Dubai Land Department registered 4,032 residential sales worth AED 8.4bn — 1% more than in April 2013, when it registered 3,973, and 20% more by value. Most were completed homes: 2,973, against 1,059 off-plan. A completed home changed hands at a median AED 1.60M, AED 955 a square foot — 3% more a foot than in April 2013.
The month in its year
April 2014 against the twelve months before it
4,032 sales in April 2014 — the most in a month since December 2013, against 3,973 in April 2013. Off-plan was 26% of the month, against 10% a year earlier.
Completed homes
What a completed home sold for in April 2014
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 | 451 | AED 450K | 956 |
| 1 B/R | 924 | AED 901K | 1,067 |
| 2 B/R | 577 | AED 2.05M | 1,336 |
| 3 B/R | 214 | AED 3.19M | 1,404 |
| 4 B/R | 35 | AED 4.75M | 1,444 |
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
- 22, 1 April to 30 April. The busiest was 7 April: 434 sales, AED 943m.
- Off-plan
- 1,059 sales at a median AED 1,404 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 792 of the 4,032, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 728 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 April, 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 | 459 | 71 | 1,494 |
| Downtown Dubai | 410 | 173 | 2,199 |
| Damac Hills | 322 | 119 | 825 |
| Arabian Ranches 2 | 315 | 0 | 798 |
| Dubai Sports City | 281 | 85 | 854 |
| Business Bay | 264 | 124 | 1,434 |
| International City | 235 | 4 | 736 |
| Jumeirah Village Circle | 208 | 66 | 885 |
| Jumeirah Lake Towers | 127 | 7 | 1,288 |
| Dubai Production City (IMPZ) | 121 | 75 | 904 |
| Remraam | 115 | 0 | 916 |
| Palm Jumeirah | 114 | 25 | 1,764 |
| Jumeirah Beach Residence | 97 | 0 | 1,733 |
| Arjan | 74 | 64 | 432 |
| Dubai South (Dubai World Central) | 71 | 70 | 1,741 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,199 | 237 |
| The Views | 1,777 | 28 |
| Palm Jumeirah | 1,764 | 89 |
| Jumeirah Beach Residence | 1,733 | 97 |
| Greens | 1,550 | 42 |
| Dubai Marina | 1,494 | 388 |
| Business Bay | 1,434 | 140 |
| Jumeirah Lake Towers | 1,288 | 120 |
| Jebel Ali | 1,181 | 20 |
| Discovery Gardens | 1,002 | 37 |
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 April 2014
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | LilaArabian Ranches 2 | 163 | 0 | 856 |
| 2 | Boulevard PointDowntown Dubai | 149 | all | 2,057 |
| 3 | Elite Sports Residence 5Dubai Sports City | 113 | 0 | 751 |
| 4 | CasaArabian Ranches 2 | 71 | 0 | 760 |
| 5 | RockwoodDamac Hills | 67 | 0 | 825 |
| 6 | Celestia ADubai South (Dubai World Central) | 66 | all | 1,415 |
| 7 | Al Bateen ResidencesJumeirah Beach Residence | 53 | 0 | 1,853 |
| 8 | Damac Maison Prive BBusiness Bay | 51 | all | 2,566 |
| 9 | RashaArabian Ranches 2 | 48 | 0 | 701 |
| 10 | Dubai Marina No.9Dubai Marina | 42 | all | 1,951 |
| 11 | Frankfurt Sports TowerDubai Sports City | 38 | all | 1,279 |
| 12 | Damac Maison Prive ABusiness Bay | 36 | all | 2,487 |
| 13 | TopangaDamac Hills | 36 | 0 | 813 |
| 14 | Trafalgar CentralInternational City | 33 | 0 | 520 |
| 15 | Lincoln Park BArjan | 32 | all | 1,209 |
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 April 2014
The dearest was an AED 25M completed four-bedroom home at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah — 4,694 sq ft at AED 5,326 a square foot, registered on 10 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 10 Apr 2014 | Royal Residences Jumeirah Zabeel SarayPalm Jumeirah | 4 B/R | 4,694 | AED 25M | 5,326 | Completed |
| 24 Apr 2014 | Royal Residences Jumeirah Zabeel SarayPalm Jumeirah | 4 B/R | 4,204 | AED 25M | 5,828 | Completed |
| 14 Apr 2014 | Kempinski Palm ResidencePalm Jumeirah | 4 B/R | 7,251 | AED 18M | 2,433 | Completed |
| 23 Apr 2014 | Silverene Tower ADubai Marina | 5 B/R | 9,604 | AED 17M | 1,770 | Completed |
| 21 Apr 2014 | Emirates CrownDubai Marina | 5 B/R | 7,686 | AED 16M | 2,017 | Completed |
| 2 Apr 2014 | The Residences II - Tower 3Downtown Dubai | 4 B/R | 3,745 | AED 15M | 3,939 | Completed |
| 8 Apr 2014 | Damac Maison Dubai Mall Street (The Signature)Downtown Dubai | 3 B/R | 4,815 | AED 14M | 3,000 | Completed |
| 10 Apr 2014 | Palazzo VersaceCulture Village | 3 B/R | 3,799 | AED 14M | 3,751 | Off-plan |
| 28 Apr 2014 | Rimal 6Jumeirah Beach Residence | 4 B/R | 5,762 | AED 13M | 2,221 | Completed |
| 21 Apr 2014 | Palazzo VersaceCulture Village | 3 B/R | 3,808 | AED 12M | 3,176 | 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 April 2014, answered
How many properties were sold in Dubai in April 2014?
4,032 residential sales were registered at the Dubai Land Department in April 2014, worth AED 8.4bn: 1,059 off-plan and 2,973 completed homes. That is 1% more than in April 2013, when 3,973 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 April 2014?
The dearest apartment or villa registered was an AED 25M completed four-bedroom home at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah — 4,694 sq ft at AED 5,326 a square foot, registered on 10 April. Next came AED 25M at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah, and AED 18M at Kempinski Palm Residence, Palm Jumeirah. 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 April 2014?
Dubai Marina, with 459 registered sales, 388 of them completed homes; then Downtown Dubai (410) and Damac Hills (322). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,199 across 237 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.