Dubai property prices › Month by month › November 2014
The Dubai property market in November 2014
In November 2014 the Dubai Land Department registered 3,095 residential sales worth AED 6.1bn — 9% more than in November 2013, when it registered 2,831, and 9% more by value. Most were completed homes: 2,169, against 926 off-plan. A completed home changed hands at a median AED 1.27M, AED 966 a square foot — 9% less a foot than in November 2013.
The month in its year
November 2014 against the twelve months before it
3,095 sales in November 2014, against 2,831 in November 2013. Off-plan was 30% of the month, against 17% a year earlier.
Completed homes
What a completed home sold for in November 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 | 398 | AED 470K | 1,018 |
| 1 B/R | 726 | AED 850K | 1,034 |
| 2 B/R | 362 | AED 1.59M | 1,162 |
| 3 B/R | 172 | AED 2.84M | 1,202 |
| 4 B/R | 10 | AED 5.18M | 1,289 |
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, 3 November to 28 November. The busiest was 17 November: 435 sales, AED 806m.
- Off-plan
- 926 sales at a median AED 1,334 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 491 of the 3,095, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 484 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 |
|---|---|---|---|
| Dubai Marina | 283 | 87 | 1,550 |
| Downtown Dubai | 220 | 143 | 2,377 |
| Business Bay | 219 | 33 | 1,842 |
| Dubai Sports City | 204 | 86 | 1,048 |
| International City | 189 | 0 | 747 |
| Dubai Hills Estate | 167 | 167 | — |
| Jumeirah Lake Towers | 121 | 15 | 1,220 |
| Damac Hills 2 | 100 | 0 | 877 |
| Jumeirah Village Circle | 95 | 21 | 816 |
| Palm Jumeirah | 85 | 22 | 1,643 |
| Damac Hills | 83 | 34 | 924 |
| Dubai Silicon Oasis | 83 | 1 | 914 |
| Arabian Ranches 2 | 77 | 0 | 725 |
| Al Furjan | 76 | 26 | 833 |
| Discovery Gardens | 68 | 0 | 830 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,377 | 77 |
| Business Bay | 1,842 | 186 |
| Palm Jumeirah | 1,643 | 63 |
| The Views | 1,611 | 14 |
| Jumeirah Beach Residence | 1,561 | 43 |
| Dubai Marina | 1,550 | 196 |
| Greens | 1,421 | 29 |
| Jumeirah Lake Towers | 1,220 | 106 |
| Jumeirah Village Triangle | 1,087 | 50 |
| Dubai Sports City | 1,048 | 118 |
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 2014
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | The CosmopolitanBusiness Bay | 104 | 0 | 1,987 |
| 2 | ClaretDamac Hills 2 | 65 | 0 | 906 |
| 3 | MULBERRY at PARK HEIGHTS Building B1Dubai Hills Estate | 56 | all | 1,290 |
| 4 | Boulevard PointDowntown Dubai | 47 | all | 2,049 |
| 5 | Silicon Gates 1Dubai Silicon Oasis | 46 | 0 | 957 |
| 6 | MULBERRY at PARK HEIGHTS Building A2Dubai Hills Estate | 46 | all | 1,220 |
| 7 | West Avenue TowerDubai Marina | 46 | 1 | — |
| 8 | Boulevard Crescent Tower 2Downtown Dubai | 40 | all | 2,015 |
| 9 | Continental TowerDubai Marina | 37 | all | 1,477 |
| 10 | Opera GrandDowntown Dubai | 37 | all | 4,106 |
| 11 | Platinum OneArjan | 34 | 0 | 670 |
| 12 | MULBERRY at PARK HEIGHTS Building B2Dubai Hills Estate | 34 | all | 1,233 |
| 13 | Escan TowerDubai Marina | 34 | all | 1,510 |
| 14 | RashaArabian Ranches 2 | 33 | 0 | 707 |
| 15 | Mediterranean Cluster Building 47Discovery Gardens | 33 | 0 | 826 |
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 2014
The dearest was an AED 14M completed four-bedroom home at Marina Residences 5, Palm Jumeirah — 10,254 sq ft at AED 1,317 a square foot, registered on 11 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 11 Nov 2014 | Marina Residences 5Palm Jumeirah | 4 B/R | 10,254 | AED 14M | 1,317 | Completed |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,056 | AED 13M | 4,237 | Off-plan |
| 10 Nov 2014 | Marina Residences 5Palm Jumeirah | 4 B/R | 10,254 | AED 13M | 1,262 | Completed |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,056 | AED 13M | 4,232 | Off-plan |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,056 | AED 13M | 4,231 | Off-plan |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,056 | AED 13M | 4,227 | Off-plan |
| 4 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,012 | AED 13M | 4,207 | Off-plan |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,012 | AED 13M | 4,203 | Off-plan |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,012 | AED 13M | 4,202 | Off-plan |
| 3 Nov 2014 | Opera GrandDowntown Dubai | 4 B/R | 3,012 | AED 13M | 4,200 | 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 November 2014, answered
How many properties were sold in Dubai in November 2014?
3,095 residential sales were registered at the Dubai Land Department in November 2014, worth AED 6.1bn: 926 off-plan and 2,169 completed homes. That is 9% more than in November 2013, when 2,831 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 2014?
The dearest apartment or villa registered was an AED 14M completed four-bedroom home at Marina Residences 5, Palm Jumeirah — 10,254 sq ft at AED 1,317 a square foot, registered on 11 November. Next came AED 13M at Opera Grand, Downtown Dubai, and AED 13M at Marina Residences 5, 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 November 2014?
Dubai Marina, with 283 registered sales, 196 of them completed homes; then Downtown Dubai (220) and Business Bay (219). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,377 across 77 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.