Dubai property prices › Month by month › June 2014
The Dubai property market in June 2014
In June 2014 the Dubai Land Department registered 3,704 residential sales worth AED 6.8bn — 8% more than in June 2013, when it registered 3,416, and 11% more by value. Most were completed homes: 2,520, against 1,184 off-plan. A completed home changed hands at a median AED 1.25M, AED 1,043 a square foot — 16% more a foot than in June 2013.
The month in its year
June 2014 against the twelve months before it
3,704 sales in June 2014, against 3,416 in June 2013. Off-plan was 32% of the month, against 16% a year earlier.
Completed homes
What a completed home sold for in June 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 | 460 | AED 515K | 1,056 |
| 1 B/R | 940 | AED 886K | 1,007 |
| 2 B/R | 524 | AED 2.10M | 1,319 |
| 3 B/R | 211 | AED 3.00M | 1,331 |
| PENTHOUSE | 11 | AED 3.70M | 1,814 |
| 4 B/R | 16 | AED 6.00M | 1,518 |
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, 2 June to 30 June. The busiest was 16 June: 379 sales, AED 646m.
- Off-plan
- 1,184 sales at a median AED 1,420 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 379 of the 3,704, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 511 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 June, 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 |
|---|---|---|---|
| Business Bay | 459 | 258 | 1,744 |
| Dubai Sports City | 358 | 63 | 951 |
| Dubai Marina | 354 | 102 | 1,643 |
| Jumeirah Village Circle | 258 | 143 | 900 |
| Downtown Dubai | 214 | 30 | 2,328 |
| International City | 206 | 1 | 743 |
| Damac Hills | 180 | 61 | 937 |
| Jumeirah Lake Towers | 156 | 26 | 1,262 |
| Remraam | 131 | 0 | 868 |
| Dubai Production City (IMPZ) | 110 | 74 | 941 |
| Dubai Investment Park (DIP) | 109 | 91 | 965 |
| Dubai South (Dubai World Central) | 102 | 102 | — |
| Dubai Silicon Oasis | 93 | 15 | 780 |
| Palm Jumeirah | 86 | 20 | 1,817 |
| Jumeirah Beach Residence | 70 | 0 | 1,775 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,328 | 184 |
| Palm Jumeirah | 1,817 | 66 |
| The Views | 1,791 | 24 |
| Jumeirah Beach Residence | 1,775 | 70 |
| Business Bay | 1,744 | 201 |
| Dubai Marina | 1,643 | 252 |
| Greens | 1,490 | 33 |
| Dubai Festival City | 1,454 | 28 |
| Jumeirah Lake Towers | 1,262 | 130 |
| Jebel Ali | 1,200 | 20 |
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 June 2014
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | ATRIA RABusiness Bay | 120 | all | 1,712 |
| 2 | Waters EdgeBusiness Bay | 115 | 0 | 1,870 |
| 3 | The MedalistDubai Sports City | 81 | 0 | 1,002 |
| 4 | Celestia ADubai South (Dubai World Central) | 71 | all | 1,416 |
| 5 | Elite Sports Residence 5Dubai Sports City | 69 | 0 | 823 |
| 6 | District 18 Tower 108Jumeirah Village Circle | 59 | all | 1,411 |
| 7 | Dubai Marina No.9Dubai Marina | 59 | all | 1,988 |
| 8 | Elite Sports Residence 7Dubai Sports City | 46 | 0 | 768 |
| 9 | Elite Sports Residence 8Dubai Sports City | 43 | all | 856 |
| 10 | Ghalia TowerJumeirah Village Circle | 42 | all | 1,569 |
| 11 | AvantiBusiness Bay | 32 | all | 1,927 |
| 12 | PelhamDamac Hills | 31 | 0 | 938 |
| 13 | The TorchDubai Marina | 29 | 0 | 1,485 |
| 14 | Axis Residence 8Dubai Silicon Oasis | 29 | 0 | 749 |
| 15 | Celestia BDubai South (Dubai World Central) | 28 | all | 1,441 |
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 June 2014
The dearest was an AED 28M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 1,926 sq ft at AED 14,605 a square foot, registered on 25 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 25 Jun 2014 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 28M | 14,605 | Completed |
| 16 Jun 2014 | Royal Residences Jumeirah Zabeel SarayPalm Jumeirah | 4 B/R | 4,195 | AED 26M | 6,079 | Completed |
| 9 Jun 2014 | Attareen ResidencesDowntown Dubai | 3 B/R | 3,826 | AED 18M | 4,652 | Completed |
| 25 Jun 2014 | Palm Jumeirah | 4 B/R | 5,954 | AED 17M | 2,907 | Off-plan |
| 16 Jun 2014 | Al Bateen ResidencesJumeirah Beach Residence | PENTHOUSE | 7,289 | AED 15M | 2,058 | Completed |
| 12 Jun 2014 | Cayan TowerDubai Marina | PENTHOUSE | 5,484 | AED 15M | 2,689 | Completed |
| 9 Jun 2014 | Damac Maison Dubai Mall Street (The Signature)Downtown Dubai | 3 B/R | 4,643 | AED 14M | 3,000 | Completed |
| 9 Jun 2014 | Palazzo VersaceCulture Village | 3 B/R | 4,806 | AED 13M | 2,777 | Off-plan |
| 26 Jun 2014 | Elite ResidenceDubai Marina | 4 B/R | 6,246 | AED 13M | 2,001 | Completed |
| 16 Jun 2014 | The Fairmont Palm Residence SouthPalm Jumeirah | 3 B/R | 4,072 | AED 11M | 2,751 | 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 June 2014, answered
How many properties were sold in Dubai in June 2014?
3,704 residential sales were registered at the Dubai Land Department in June 2014, worth AED 6.8bn: 1,184 off-plan and 2,520 completed homes. That is 8% more than in June 2013, when 3,416 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 June 2014?
The dearest apartment or villa registered was an AED 28M completed two-bedroom home at Burj Khalifa, Downtown Dubai — 1,926 sq ft at AED 14,605 a square foot, registered on 25 June. Next came AED 26M at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah, and AED 18M at Attareen Residences, 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 June 2014?
Business Bay, with 459 registered sales, 258 of them off-plan; then Dubai Sports City (358) and Dubai Marina (354). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,328 across 184 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.