Dubai property prices › Month by month › April 2015
The Dubai property market in April 2015
In April 2015 the Dubai Land Department registered 2,065 residential sales worth AED 5.6bn — 49% fewer than in April 2014, when it registered 4,032, and 34% less by value. Most were completed homes: 1,376, against 689 off-plan. A completed home changed hands at a median AED 1.47M, AED 942 a square foot — 1% less a foot than in April 2014.
The month in its year
April 2015 against the twelve months before it
2,065 sales in April 2015 — the fewest in a month since September 2012, against 4,032 in April 2014. Off-plan was 33% of the month, against 26% a year earlier.
Completed homes
What a completed home sold for in April 2015
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 | 247 | AED 475K | 1,000 |
| 1 B/R | 415 | AED 875K | 1,044 |
| 2 B/R | 233 | AED 1.80M | 1,207 |
| 3 B/R | 105 | AED 2.95M | 1,170 |
| 4 B/R | 26 | AED 4.02M | 885 |
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
- 18, 1 April to 30 April. The busiest was 27 April: 296 sales, AED 672m.
- Off-plan
- 689 sales at a median AED 1,306 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 302 of the 2,065, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 231 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 | 228 | 105 | 1,377 |
| International City | 128 | 3 | 691 |
| Dubai Sports City | 116 | 35 | 1,087 |
| Downtown Dubai | 103 | 52 | 2,208 |
| Damac Hills 2 | 100 | 0 | 848 |
| Jumeirah Lake Towers | 93 | 5 | 1,261 |
| Damac Hills | 91 | 49 | 900 |
| Al Quoz | 87 | 87 | — |
| Palm Jumeirah | 74 | 19 | 1,623 |
| Al Furjan | 72 | 62 | 959 |
| Jumeirah Village Circle | 72 | 14 | 949 |
| Business Bay | 71 | 28 | 1,395 |
| Al Barari | 63 | 63 | — |
| Greens | 56 | 1 | 1,373 |
| Discovery Gardens | 49 | 0 | 866 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,208 | 51 |
| The Views | 1,643 | 19 |
| Palm Jumeirah | 1,623 | 55 |
| Jumeirah Beach Residence | 1,426 | 28 |
| Business Bay | 1,395 | 43 |
| Dubai Marina | 1,377 | 123 |
| Greens | 1,373 | 55 |
| Jumeirah Lake Towers | 1,261 | 88 |
| Dubai Sports City | 1,087 | 81 |
| Dubai Investment Park (DIP) | 974 | 10 |
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 2015
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Seventh HeavenAl Barari | 48 | all | 1,260 |
| 2 | Damac HeightsDubai Marina | 37 | all | 2,487 |
| 3 | Marina Gate 2Dubai Marina | 36 | all | 2,258 |
| 4 | The DreamzAl Furjan | 31 | all | 1,335 |
| 5 | The Polo Residence C1Meydan | 31 | all | 1,306 |
| 6 | JanusiaDamac Hills 2 | 29 | 0 | 840 |
| 7 | Carson ADamac Hills | 26 | all | 1,374 |
| 8 | Safeer Tower 1Business Bay | 21 | all | 1,638 |
| 9 | The BridgeDubai Sports City | 21 | 0 | 1,583 |
| 10 | Boulevard PointDowntown Dubai | 21 | all | 2,302 |
| 11 | Glitz Residence 1Dubai Studio City | 20 | all | 991 |
| 12 | Al Khail Heights 8A-8BAl Quoz | 19 | all | 755 |
| 13 | Glitz Residence 2Dubai Studio City | 19 | all | 1,044 |
| 14 | CentauryDamac Hills 2 | 15 | 0 | 833 |
| 15 | BLVD Heights Tower 2Downtown Dubai | 15 | all | 1,899 |
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 2015
The dearest was an AED 25M completed home at Cayan Tower, Dubai Marina — 10,970 sq ft at AED 2,279 a square foot, registered on 27 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 27 Apr 2015 | Cayan TowerDubai Marina | PENTHOUSE | 10,970 | AED 25M | 2,279 | Completed |
| 16 Apr 2015 | Palm Jumeirah | 3 B/R | 4,985 | AED 17M | 3,349 | Off-plan |
| 14 Apr 2015 | Dream Palm ResidencePalm Jumeirah | 4 B/R | 5,975 | AED 14M | 2,300 | Completed |
| 20 Apr 2015 | Al Mass TowerDubai Marina | 5 B/R | 6,339 | AED 13M | 2,051 | Completed |
| 7 Apr 2015 | Opera GrandDowntown Dubai | 4 B/R | 3,029 | AED 12M | 4,089 | Off-plan |
| 7 Apr 2015 | Seventh HeavenAl Barari | 4 B/R | 7,004 | AED 12M | 1,750 | Off-plan |
| 21 Apr 2015 | Seventh HeavenAl Barari | 4 B/R | 7,604 | AED 12M | 1,605 | Off-plan |
| 15 Apr 2015 | Palm Jumeirah | 3 B/R | 4,979 | AED 12M | 2,450 | Off-plan |
| 14 Apr 2015 | Marina Residences 1Palm Jumeirah | 4 B/R | 6,820 | AED 11M | 1,646 | Completed |
| 9 Apr 2015 | Al NabatPalm Jumeirah | 4 B/R | 5,229 | AED 11M | 2,104 | 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 April 2015, answered
How many properties were sold in Dubai in April 2015?
2,065 residential sales were registered at the Dubai Land Department in April 2015, worth AED 5.6bn: 689 off-plan and 1,376 completed homes. That is 49% fewer than in April 2014, when 4,032 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 2015?
The dearest apartment or villa registered was an AED 25M completed home at Cayan Tower, Dubai Marina — 10,970 sq ft at AED 2,279 a square foot, registered on 27 April. Next came AED 17M in the Land Department's Palm Jumeirah area, and AED 14M at Dream 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 2015?
Dubai Marina, with 228 registered sales, 123 of them completed homes; then International City (128) and Dubai Sports City (116). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,208 across 51 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.