Dubai property prices › Month by month › June 2015
The Dubai property market in June 2015
In June 2015 the Dubai Land Department registered 2,445 residential sales worth AED 5.0bn — 34% fewer than in June 2014, when it registered 3,704, and 27% less by value. Most were completed homes: 1,847, against 598 off-plan. A completed home changed hands at a median AED 1.40M, AED 933 a square foot — 11% less a foot than in June 2014.
The month in its year
June 2015 against the twelve months before it
2,445 sales in June 2015, against 3,704 in June 2014. Off-plan was 24% of the month, against 32% a year earlier.
Completed homes
What a completed home sold for in June 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 | 316 | AED 450K | 973 |
| 1 B/R | 585 | AED 866K | 981 |
| 2 B/R | 318 | AED 1.70M | 1,116 |
| 3 B/R | 131 | AED 2.60M | 1,059 |
| PENTHOUSE | 13 | AED 3.11M | 746 |
| 4 B/R | 19 | AED 4.00M | 1,233 |
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, 1 June to 30 June. The busiest was 1 June: 304 sales, AED 529m.
- Off-plan
- 598 sales at a median AED 1,248 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 414 of the 2,445, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 401 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 |
|---|---|---|---|
| International City | 187 | 15 | 723 |
| Damac Hills | 178 | 149 | 1,003 |
| Dubai Sports City | 170 | 44 | 932 |
| Dubai Marina | 150 | 20 | 1,456 |
| Downtown Dubai | 116 | 21 | 2,008 |
| Jumeirah Lake Towers | 115 | 24 | 1,145 |
| Jumeirah Village Circle | 115 | 10 | 903 |
| Dubai Silicon Oasis | 113 | 1 | 804 |
| Business Bay | 91 | 34 | 1,444 |
| Al Furjan | 84 | 5 | 1,031 |
| Damac Hills 2 | 80 | 0 | 848 |
| Palm Jumeirah | 56 | 7 | 1,569 |
| Greens | 53 | 8 | 1,311 |
| Al Quoz | 52 | 52 | — |
| Discovery Gardens | 51 | 0 | 826 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,008 | 95 |
| Palm Jumeirah | 1,569 | 49 |
| Dubai Marina | 1,456 | 130 |
| Business Bay | 1,444 | 57 |
| Jumeirah Beach Residence | 1,367 | 44 |
| Greens | 1,311 | 45 |
| The Views | 1,310 | 26 |
| Arjan | 1,151 | 13 |
| Jumeirah Lake Towers | 1,145 | 91 |
| Al Furjan | 1,031 | 79 |
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 2015
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Carson ADamac Hills | 77 | all | 1,353 |
| 2 | Murano TownhousesAl Furjan | 69 | 0 | 1,031 |
| 3 | Carson BDamac Hills | 46 | all | 1,353 |
| 4 | Millennium EstatesMeydan | 34 | 0 | 795 |
| 5 | Villa PeraJumeirah Village Circle | 26 | 0 | 847 |
| 6 | Olympic Park 2Dubai Sports City | 26 | 0 | 724 |
| 7 | Glitz Residence 2Dubai Studio City | 25 | all | 1,022 |
| 8 | The BridgeDubai Sports City | 25 | 0 | 1,623 |
| 9 | Moon TowerBusiness Bay | 24 | all | 955 |
| 10 | Axis Residence 6Dubai Silicon Oasis | 23 | 0 | 802 |
| 11 | Villa MyraJumeirah Village Circle | 23 | 0 | 909 |
| 12 | ANWAMaritime City | 21 | all | 1,849 |
| 13 | Al Khail Heights 5A-5BAl Quoz | 18 | all | 761 |
| 14 | Indigo Spectrum 1International City | 15 | all | 377 |
| 15 | JanusiaDamac Hills 2 | 15 | 0 | 848 |
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 2015
The dearest was an AED 23M completed three-bedroom home at The Dubai Mall Residences, Downtown Dubai — 5,357 sq ft at AED 4,334 a square foot, registered on 11 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 11 Jun 2015 | The Dubai Mall ResidencesDowntown Dubai | 3 B/R | 5,357 | AED 23M | 4,334 | Completed |
| 11 Jun 2015 | The Dubai Mall ResidencesDowntown Dubai | 3 B/R | 4,865 | AED 22M | 4,428 | Completed |
| 3 Jun 2015 | Cayan TowerDubai Marina | PENTHOUSE | 5,475 | AED 13M | 2,420 | Completed |
| 11 Jun 2015 | Al Yass TowerDubai Marina | 3 B/R | 4,491 | AED 12M | 2,672 | Completed |
| 11 Jun 2015 | Opera GrandDowntown Dubai | 3 B/R | 2,517 | AED 12M | 4,748 | Off-plan |
| 1 Jun 2015 | Opera GrandDowntown Dubai | 3 B/R | 2,555 | AED 11M | 4,115 | Off-plan |
| 29 Jun 2015 | Burj KhalifaDowntown Dubai | 2 B/R | 1,926 | AED 9.53M | 4,946 | Completed |
| 24 Jun 2015 | Murjan 5Jumeirah Beach Residence | 4 B/R | 5,710 | AED 9.00M | 1,576 | Completed |
| 29 Jun 2015 | Residences_E3Downtown Dubai | 5 B/R | 6,223 | AED 8.70M | 1,398 | Completed |
| 16 Jun 2015 | La Residencia Del MarDubai Marina | 3 B/R | 6,223 | AED 8.10M | 1,302 | 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 2015, answered
How many properties were sold in Dubai in June 2015?
2,445 residential sales were registered at the Dubai Land Department in June 2015, worth AED 5.0bn: 598 off-plan and 1,847 completed homes. That is 34% fewer than in June 2014, when 3,704 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 2015?
The dearest apartment or villa registered was an AED 23M completed three-bedroom home at The Dubai Mall Residences, Downtown Dubai — 5,357 sq ft at AED 4,334 a square foot, registered on 11 June. Next came AED 22M at The Dubai Mall Residences, Downtown Dubai, and AED 13M at Cayan Tower, Dubai Marina. 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 2015?
International City, with 187 registered sales, 172 of them completed homes; then Damac Hills (178) and Dubai Sports City (170). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,008 across 95 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.