Dubai property prices › Month by month › September 2014
The Dubai property market in September 2014
In September 2014 the Dubai Land Department registered 2,652 residential sales worth AED 5.3bn — 39% fewer than in September 2013, when it registered 4,344, and 22% less by value. Most were completed homes: 1,624, against 1,028 off-plan. A completed home changed hands at a median AED 1.19M, AED 1,020 a square foot — 13% more a foot than in September 2013.
The month in its year
September 2014 against the twelve months before it
2,652 sales in September 2014, against 4,344 in September 2013. Off-plan was 39% of the month, against 22% a year earlier.
Completed homes
What a completed home sold for in September 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 | 309 | AED 455K | 1,022 |
| 1 B/R | 599 | AED 944K | 1,110 |
| 2 B/R | 321 | AED 1.80M | 1,200 |
| 3 B/R | 144 | AED 3.10M | 1,190 |
| 4 B/R | 12 | AED 5.29M | 1,210 |
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 September to 30 September. The busiest was 1 September: 206 sales, AED 371m.
- Off-plan
- 1,028 sales at a median AED 939 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 599 of the 2,652, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 166 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 September, 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 |
|---|---|---|---|
| Reem | 386 | 386 | — |
| Dubai Marina | 317 | 173 | 1,774 |
| Dubai Sports City | 206 | 98 | 1,061 |
| Business Bay | 173 | 25 | 1,436 |
| International City | 149 | 0 | 766 |
| Jumeirah Village Circle | 145 | 45 | 844 |
| Downtown Dubai | 130 | 23 | 2,218 |
| Jumeirah Lake Towers | 116 | 4 | 1,279 |
| Remraam | 89 | 0 | 982 |
| Dubai Silicon Oasis | 75 | 1 | 882 |
| Dubai Production City (IMPZ) | 70 | 49 | 1,000 |
| Damac Hills | 67 | 61 | 990 |
| Palm Jumeirah | 53 | 8 | 1,824 |
| Al Furjan | 35 | 26 | 799 |
| Greens | 33 | 7 | 1,534 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,218 | 107 |
| Palm Jumeirah | 1,824 | 45 |
| Dubai Marina | 1,774 | 144 |
| The Views | 1,759 | 20 |
| Jumeirah Beach Residence | 1,726 | 31 |
| Greens | 1,534 | 26 |
| Business Bay | 1,436 | 148 |
| Jumeirah Lake Towers | 1,279 | 112 |
| Dubai Investment Park (DIP) | 1,171 | 14 |
| Dubai Sports City | 1,061 | 108 |
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 September 2014
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Mira Oasis 2Reem | 308 | all | 658 |
| 2 | Marina Gate 1Dubai Marina | 151 | all | 2,046 |
| 3 | Elite Sports Residence 8Dubai Sports City | 63 | all | 882 |
| 4 | Fairview ResidencyBusiness Bay | 53 | 0 | 1,435 |
| 5 | Mira Oasis 1Reem | 47 | all | 629 |
| 6 | Silicon Gates 1Dubai Silicon Oasis | 42 | 0 | 890 |
| 7 | Executive Bay ABusiness Bay | 32 | 0 | 1,277 |
| 8 | Elite Sports Residence 5Dubai Sports City | 26 | 0 | 1,343 |
| 9 | Qasr Sabah 1Dubai Production City (IMPZ) | 23 | all | 1,517 |
| 10 | Diamond Views 4Jumeirah Village Circle | 21 | 0 | 591 |
| 11 | Al Ramth 23Remraam | 21 | 0 | 984 |
| 12 | Alma 2Arabian Ranches | 20 | 0 | 603 |
| 13 | Elite Sports Residence 7Dubai Sports City | 19 | 0 | 905 |
| 14 | East Heights 3Business Bay | 18 | 0 | 1,568 |
| 15 | Frankfurt Sports TowerDubai Sports City | 17 | all | 548 |
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 September 2014
The dearest was an AED 28M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 6,306 sq ft at AED 4,440 a square foot, registered on 1 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 1 Sept 2014 | Burj KhalifaDowntown Dubai | 4 B/R | 6,306 | AED 28M | 4,440 | Completed |
| 30 Sept 2014 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 25M | 3,970 | Completed |
| 22 Sept 2014 | Balqis Residences-Garden VillasPalm Jumeirah | 5 B/R | 12,168 | AED 22M | 1,808 | Off-plan |
| 15 Sept 2014 | Marina Residences 4Palm Jumeirah | 5 B/R | 13,095 | AED 14M | 1,092 | Completed |
| 25 Sept 2014 | Al Thanayah Fourth | 3 B/R | 3,088 | AED 12M | 3,886 | Completed |
| 23 Sept 2014 | Trident WaterfrontDubai Marina | PENTHOUSE | 5,878 | AED 12M | 2,041 | Completed |
| 15 Sept 2014 | Opera GrandDowntown Dubai | 3 B/R | 2,507 | AED 11M | 4,338 | Off-plan |
| 18 Sept 2014 | Burj KhalifaDowntown Dubai | 3 B/R | 2,728 | AED 11M | 3,850 | Completed |
| 16 Sept 2014 | Burj KhalifaDowntown Dubai | 2 B/R | 2,058 | AED 10M | 5,080 | Completed |
| 1 Sept 2014 | 23 MarinaDubai Marina | 4 B/R | 5,645 | AED 10M | 1,772 | 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 September 2014, answered
How many properties were sold in Dubai in September 2014?
2,652 residential sales were registered at the Dubai Land Department in September 2014, worth AED 5.3bn: 1,028 off-plan and 1,624 completed homes. That is 39% fewer than in September 2013, when 4,344 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 September 2014?
The dearest apartment or villa registered was an AED 28M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 6,306 sq ft at AED 4,440 a square foot, registered on 1 September. Next came AED 25M at Le Reve, Dubai Marina, and AED 22M at Balqis Residences-Garden Villas, 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 September 2014?
Reem, with 386 registered sales, almost all of them off-plan; then Dubai Marina (317) and Dubai Sports City (206). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,218 across 107 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.