Dubai property prices › Month by month › August 2015
The Dubai property market in August 2015
In August 2015 the Dubai Land Department registered 2,346 residential sales worth AED 4.7bn — 13% fewer than in August 2014, when it registered 2,688, and 1% more by value. Most were completed homes: 1,507, against 839 off-plan. A completed home changed hands at a median AED 1.25M, AED 853 a square foot — 14% less a foot than in August 2014.
The month in its year
August 2015 against the twelve months before it
2,346 sales in August 2015, against 2,688 in August 2014. Off-plan was 36% of the month, against 35% a year earlier.
Completed homes
What a completed home sold for in August 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 | 245 | AED 464K | 943 |
| 1 B/R | 506 | AED 780K | 904 |
| 2 B/R | 273 | AED 1.52M | 1,059 |
| 3 B/R | 108 | AED 2.50M | 1,010 |
| 4 B/R | 11 | AED 2.90M | 585 |
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
- 17, 3 August to 31 August. The busiest was 24 August: 291 sales, AED 525m.
- Off-plan
- 839 sales at a median AED 1,075 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 406 of the 2,346, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 340 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 August, 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 Sports City | 176 | 72 | 1,111 |
| Town Square | 168 | 168 | — |
| Downtown Dubai | 159 | 111 | 2,040 |
| Jumeirah Village Circle | 153 | 94 | 907 |
| Jumeirah Lake Towers | 128 | 18 | 1,072 |
| International City | 127 | 1 | 682 |
| Dubai Marina | 124 | 10 | 1,313 |
| Mudon | 105 | 0 | 725 |
| Dubai Silicon Oasis | 100 | 3 | 781 |
| Palm Jumeirah | 89 | 59 | 1,410 |
| Dubai Hills Estate | 79 | 19 | 421 |
| Business Bay | 73 | 12 | 1,359 |
| Al Quoz | 71 | 71 | — |
| Zabeel | 62 | 62 | — |
| Liwan | 52 | 12 | 733 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,040 | 48 |
| Jumeirah Golf Estates | 1,899 | 21 |
| The Views | 1,467 | 14 |
| Palm Jumeirah | 1,410 | 30 |
| Business Bay | 1,359 | 61 |
| Greens | 1,324 | 32 |
| Dubai Marina | 1,313 | 114 |
| Barsha Heights (Tecom) | 1,276 | 44 |
| Jumeirah Beach Residence | 1,224 | 23 |
| Dubai Sports City | 1,111 | 104 |
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 August 2015
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Arabella TownhousesMudon | 105 | 0 | 725 |
| 2 | Zahra Apartments 2BTown Square | 88 | all | 568 |
| 3 | Forte 1Downtown Dubai | 85 | all | 2,028 |
| 4 | Hameni TowerJumeirah Village Circle | 78 | all | 1,098 |
| 5 | Downtown ViewsZabeel | 62 | all | 1,860 |
| 6 | The FairwayDubai Hills Estate | 59 | 0 | 421 |
| 7 | Hayat TownhousesTown Square | 57 | all | 580 |
| 8 | The SpiritDubai Sports City | 24 | 0 | 2,450 |
| 9 | Serenia Residences Building APalm Jumeirah | 23 | all | 2,526 |
| 10 | Two Towers BBarsha Heights (Tecom) | 22 | 0 | 1,276 |
| 11 | The BridgeDubai Sports City | 21 | 0 | 1,558 |
| 12 | Phoenix TowerDubai Land Residence Complex | 20 | 0 | 601 |
| 13 | Al Khail Heights 3A-3BAl Quoz | 17 | all | 750 |
| 14 | Two Towers ABarsha Heights (Tecom) | 17 | 0 | 1,393 |
| 15 | Al Khail Heights 6A-6BAl Quoz | 16 | all | 755 |
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 August 2015
The dearest was an AED 20M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,493 sq ft at AED 4,465 a square foot, registered on 27 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 27 Aug 2015 | Burj KhalifaDowntown Dubai | 4 B/R | 4,493 | AED 20M | 4,465 | Completed |
| 26 Aug 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 20M | 3,035 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 4,032 | AED 13M | 3,151 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,148 | AED 13M | 4,019 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,646 | AED 12M | 3,380 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 2,950 | AED 12M | 4,111 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,194 | AED 12M | 3,791 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,207 | AED 12M | 3,700 | Off-plan |
| 31 Aug 2015 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,216 | AED 12M | 3,654 | Off-plan |
| 19 Aug 2015 | Serenia Residences Building BPalm Jumeirah | 3 B/R | 4,887 | AED 12M | 2,385 | 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 August 2015, answered
How many properties were sold in Dubai in August 2015?
2,346 residential sales were registered at the Dubai Land Department in August 2015, worth AED 4.7bn: 839 off-plan and 1,507 completed homes. That is 13% fewer than in August 2014, when 2,688 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 August 2015?
The dearest apartment or villa registered was an AED 20M completed four-bedroom home at Burj Khalifa, Downtown Dubai — 4,493 sq ft at AED 4,465 a square foot, registered on 27 August. Next came AED 20M at 118 Downtown, Downtown Dubai, and AED 13M at One at Palm Jumeirah, 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 August 2015?
Dubai Sports City, with 176 registered sales, 104 of them completed homes; then Town Square (168) and Downtown Dubai (159). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,040 across 48 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.