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Dubai property prices › Month by month › April 2016

The Dubai property market in April 2016

In April 2016 the Dubai Land Department registered 2,679 residential sales worth AED 4.3bn — 30% more than in April 2015, when it registered 2,065, and 23% less by value. Most were completed homes: 1,370, against 1,309 off-plan. A completed home changed hands at a median AED 1.34M, AED 910 a square foot — 3% less a foot than in April 2015.

Sales registered
2,679
+30% on April 2015 (2,065)
Value
AED 4.3bn
−23% on April 2015 (AED 5.6bn)
Off-plan
1,309
49% of the month · 1,370 completed
Completed homes, median
AED 910
per sq ft · AED 1.34M a home · −3% on April 2015

The month in its year

April 2016 against the twelve months before it

Residential sales registered, by monthOff-planResale2,679 in April 2016
2,065
2,679
A2015MJJASONDJ2016FMA

2,679 sales in April 2016, against 2,065 in April 2015. Off-plan was 49% of the month, against 33% a year earlier.

Completed homes

What a completed home sold for in April 2016

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.

LayoutSalesMedian priceAED/sqft
Studio244AED 420K910
1 B/R399AED 760K930
2 B/R219AED 1.59M1,040
3 B/R117AED 2.27M900
4 B/R12AED 4.53M1,052

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, 4 April to 28 April. The busiest was 18 April: 349 sales, AED 542m.
Off-plan
1,309 sales at a median AED 1,100 a square foot — its own line, never blended into the completed-home medians.
Villas
366 of the 2,679, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
358 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 communitySalesOff-planCompleted AED/sqft
Al Furjan339326760
Damac Hills 222636916
Dubai Marina165551,347
Jumeirah Village Circle159106840
International City1543702
Dubai Sports City15190956
Downtown Dubai125741,903
Dubai Hills Estate114104430
Business Bay109591,267
Jumeirah Lake Towers108211,092
Dubai Silicon Oasis10362806
Al Quoz6161—
Palm Jumeirah61321,386
Damac Hills5725939
Town Square5454—
Dearest communityAED/sqftResales
Downtown Dubai1,90351
The Views1,49711
Palm Jumeirah1,38629
Jumeirah Beach Residence1,38223
Dubai Marina1,347110
Business Bay1,26750
Greens1,26017
Jumeirah Lake Towers1,09287
Jebel Ali1,00029
Dubai Sports City95661

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 2016

The 15 buildings with the most sales registered in April, each linking its own recorded history.

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 2016

The dearest was an AED 39M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,520 sq ft at AED 3,115 a square foot, registered on 14 April.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
14 Apr 2016Palm Jumeirah5 B/R12,520AED 39M3,115Off-plan
25 Apr 2016Palm Jumeirah4 B/R5,469AED 15M2,761Off-plan
27 Apr 2016Opera GrandDowntown Dubai3 B/R2,555AED 11M4,127Off-plan
19 Apr 2016One at Palm JumeirahPalm Jumeirah3 B/R3,192AED 9.95M3,118Off-plan
6 Apr 2016East Heights 3Business Bay4 B/R7,378AED 9.85M1,335Completed
4 Apr 2016D1 TowerCulture Village4 B/R4,349AED 8.50M1,954Completed
20 Apr 2016Al Fairooz TowerDubai Marina4 B/R4,006AED 8.50M2,122Completed
27 Apr 2016Opera GrandDowntown Dubai3 B/R2,042AED 8.32M4,074Off-plan
28 Apr 2016Marina Gate 1Dubai Marina3 B/R3,774AED 7.77M2,059Off-plan
14 Apr 2016The One JBRJumeirah Beach Residence3 B/R2,578AED 7.71M2,991Off-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 April 2016, answered

How many properties were sold in Dubai in April 2016?

2,679 residential sales were registered at the Dubai Land Department in April 2016, worth AED 4.3bn: 1,309 off-plan and 1,370 completed homes. That is 30% more than in April 2015, when 2,065 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 2016?

The dearest apartment or villa registered was an AED 39M off-plan five-bedroom home in the Land Department's Palm Jumeirah area — 12,520 sq ft at AED 3,115 a square foot, registered on 14 April. Next came AED 15M in the Land Department's Palm Jumeirah area, and AED 11M at Opera Grand, 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 April 2016?

Al Furjan, with 339 registered sales, almost all of them off-plan; then Damac Hills 2 (226) and Dubai Marina (165). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,903 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.

Where these numbers come from. Every figure on this page is drawn from the Dubai Land Department’s transaction register, read directly from the Dubai Data Exchange. It is what buyers actually paid, recorded at transfer — not asking prices, not valuations, not our own estimates. Mortgage registrations, gift transfers, rent-to-own contracts and developers’ own filings are all excluded; none of them is a price a buyer paid. Medians are used rather than averages so one unusual sale cannot move the number. Data through 30 Apr 2016.

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What is yours worth this month?

We read this register every day. Tell us the building and the unit and we will tell you what the last comparable sold for, and what this month's sales say about yours.

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