Dubai property prices › Month by month › September 2015
The Dubai property market in September 2015
In September 2015 the Dubai Land Department registered 2,707 residential sales worth AED 5.2bn — 2% more than in September 2014, when it registered 2,652, and 2% less by value. Most were completed homes: 1,784, against 923 off-plan. A completed home changed hands at a median AED 1.43M, AED 840 a square foot — 18% less a foot than in September 2014.
The month in its year
September 2015 against the twelve months before it
2,707 sales in September 2015 — the most in a month since January 2015, against 2,652 in September 2014. Off-plan was 34% of the month, against 39% a year earlier.
Completed homes
What a completed home sold for in September 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 | 282 | AED 437K | 953 |
| 1 B/R | 517 | AED 735K | 840 |
| 2 B/R | 264 | AED 1.49M | 1,013 |
| 3 B/R | 108 | AED 2.50M | 957 |
| 4 B/R | 20 | AED 3.86M | 1,135 |
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
- 16, 1 September to 30 September. The busiest was 28 September: 262 sales, AED 475m.
- Off-plan
- 923 sales at a median AED 999 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 493 of the 2,707, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 617 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 |
|---|---|---|---|
| Dubai Marina | 221 | 114 | 1,297 |
| Dubai Sports City | 203 | 99 | 926 |
| Damac Hills 2 | 178 | 0 | 850 |
| Town Square | 171 | 171 | — |
| Mudon | 155 | 0 | 765 |
| International City | 133 | 5 | 700 |
| Remraam | 123 | 0 | 780 |
| Jumeirah Village Circle | 111 | 66 | 895 |
| Al Quoz | 109 | 109 | — |
| Downtown Dubai | 101 | 21 | 2,112 |
| Jumeirah Lake Towers | 100 | 16 | 1,149 |
| Business Bay | 95 | 44 | 1,457 |
| Dubai Silicon Oasis | 93 | 0 | 805 |
| Palm Jumeirah | 79 | 51 | 1,453 |
| Zabeel | 71 | 71 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 2,112 | 80 |
| The Views | 1,618 | 16 |
| Business Bay | 1,457 | 51 |
| Palm Jumeirah | 1,453 | 28 |
| Dubai Marina | 1,297 | 107 |
| Greens | 1,295 | 24 |
| Barsha Heights (Tecom) | 1,247 | 10 |
| Jumeirah Beach Residence | 1,235 | 27 |
| Jumeirah Lake Towers | 1,149 | 84 |
| Arjan | 1,125 | 22 |
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 2015
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Arabella TownhousesMudon | 155 | 0 | 765 |
| 2 | Al Khail Heights 4A-4BAl Quoz | 93 | all | 700 |
| 3 | Zahra Apartments 2BTown Square | 88 | all | 575 |
| 4 | Hayat TownhousesTown Square | 81 | all | 575 |
| 5 | Downtown ViewsZabeel | 71 | all | 1,812 |
| 6 | Marina 101Dubai Marina | 60 | all | 1,212 |
| 7 | Al Ramth 59Remraam | 57 | 0 | 778 |
| 8 | Al Ramth 57Remraam | 48 | 0 | 745 |
| 9 | SanctnaryDamac Hills 2 | 47 | 0 | 849 |
| 10 | Carson ADamac Hills | 42 | all | 1,381 |
| 11 | Hameni TowerJumeirah Village Circle | 39 | all | 1,088 |
| 12 | Sparkle Tower 3Dubai Marina | 36 | all | 1,925 |
| 13 | CentauryDamac Hills 2 | 27 | 0 | 850 |
| 14 | Oasis Tower 1Dubai Sports City | 25 | all | 922 |
| 15 | JanusiaDamac Hills 2 | 25 | 0 | 840 |
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 2015
The dearest was an AED 39M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,501 sq ft at AED 3,120 a square foot, registered on 29 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 29 Sept 2015 | Palm Jumeirah | 5 B/R | 12,501 | AED 39M | 3,120 | Off-plan |
| 17 Sept 2015 | Palm Jumeirah | PENTHOUSE | 7,575 | AED 25M | 3,357 | Completed |
| 7 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 21M | 3,241 | Off-plan |
| 8 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 21M | 3,191 | Off-plan |
| 8 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 21M | 3,186 | Off-plan |
| 15 Sept 2015 | Le ReveDubai Marina | 4 B/R | 6,298 | AED 21M | 3,255 | Completed |
| 7 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 20M | 3,050 | Off-plan |
| 21 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 20M | 3,050 | Off-plan |
| 21 Sept 2015 | 118 DowntownDowntown Dubai | 4 B/R | 6,558 | AED 20M | 3,049 | Off-plan |
| 8 Sept 2015 | The Residences II - Tower 3Downtown Dubai | 4 B/R | 3,745 | AED 18M | 4,673 | 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 2015, answered
How many properties were sold in Dubai in September 2015?
2,707 residential sales were registered at the Dubai Land Department in September 2015, worth AED 5.2bn: 923 off-plan and 1,784 completed homes. That is 2% more than in September 2014, when 2,652 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 2015?
The dearest apartment or villa registered was an AED 39M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,501 sq ft at AED 3,120 a square foot, registered on 29 September. Next came AED 25M in the Land Department's Palm Jumeirah area, and AED 21M at 118 Downtown, Downtown Dubai. 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 2015?
Dubai Marina, with 221 registered sales, 114 of them off-plan; then Dubai Sports City (203) and Damac Hills 2 (178). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 2,112 across 80 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.