Dubai property prices › Month by month › June 2016
The Dubai property market in June 2016
In June 2016 the Dubai Land Department registered 2,557 residential sales worth AED 4.9bn — 5% more than in June 2015, when it registered 2,445, and 1% less by value. Most were completed homes: 1,518, against 1,039 off-plan. A completed home changed hands at a median AED 1.40M, AED 911 a square foot — 2% less a foot than in June 2015.
The month in its year
June 2016 against the twelve months before it
2,557 sales in June 2016, against 2,445 in June 2015. Off-plan was 41% of the month, against 24% a year earlier.
Completed homes
What a completed home sold for in June 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.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 291 | AED 440K | 958 |
| 1 B/R | 429 | AED 803K | 930 |
| 2 B/R | 262 | AED 1.70M | 1,157 |
| 3 B/R | 142 | AED 2.60M | 1,082 |
| 4 B/R | 32 | AED 3.01M | 1,174 |
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 June to 30 June. The busiest was 6 June: 322 sales, AED 533m.
- Off-plan
- 1,039 sales at a median AED 1,146 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 364 of the 2,557, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 266 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 |
|---|---|---|---|
| Dubai Marina | 284 | 156 | 1,339 |
| Dubai Hills Estate | 197 | 55 | 757 |
| International City | 152 | 8 | 702 |
| Business Bay | 123 | 83 | 1,348 |
| Dubai Sports City | 123 | 58 | 953 |
| Jumeirah Village Circle | 114 | 42 | 886 |
| Town Square | 112 | 112 | — |
| Dubai Creek Harbour (The Lagoons) | 107 | 107 | — |
| Jumeirah Lake Towers | 101 | 12 | 1,204 |
| City Walk | 97 | 97 | — |
| Downtown Dubai | 84 | 23 | 1,956 |
| Palm Jumeirah | 69 | 15 | 1,488 |
| Al Furjan | 57 | 45 | 849 |
| Damac Hills 2 | 56 | 1 | 850 |
| Dubai Silicon Oasis | 55 | 10 | 850 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,956 | 61 |
| Culture Village | 1,557 | 25 |
| The Views | 1,505 | 23 |
| Palm Jumeirah | 1,488 | 54 |
| Business Bay | 1,348 | 40 |
| Dubai Marina | 1,339 | 128 |
| Jumeirah Beach Residence | 1,315 | 41 |
| Jumeirah Lake Towers | 1,204 | 89 |
| Greens | 1,163 | 38 |
| Damac Hills | 1,057 | 12 |
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 2016
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Sidra Villas IDubai Hills Estate | 95 | 0 | 792 |
| 2 | Harbour Views 2Dubai Creek Harbour (The Lagoons) | 77 | all | 1,397 |
| 3 | 5242 Tower 1Dubai Marina | 68 | all | 1,920 |
| 4 | Citywalk Residential Building 2ACity Walk | 58 | all | 1,366 |
| 5 | 5242 Tower 2Dubai Marina | 53 | all | 1,875 |
| 6 | Parkway VistasDubai Hills Estate | 44 | 0 | 483 |
| 7 | Maple at Dubai Hills Estate 2Dubai Hills Estate | 39 | all | 1,004 |
| 8 | Citywalk Residential Building 20City Walk | 37 | all | 1,708 |
| 9 | Merano TowerBusiness Bay | 31 | all | 1,229 |
| 10 | MAG 540Dubai South (Dubai World Central) | 30 | all | 861 |
| 11 | Harbour Views 1Dubai Creek Harbour (The Lagoons) | 25 | all | 1,379 |
| 12 | Zahra Apartments 2BTown Square | 25 | all | 858 |
| 13 | D1 TowerCulture Village | 22 | 0 | 1,492 |
| 14 | Desert SunDubai Land Residence Complex | 22 | 0 | 958 |
| 15 | Elite ResidenceDubai Marina | 19 | 0 | 1,225 |
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 2016
The dearest was an AED 30M off-plan five-bedroom home at The One JBR, Jumeirah Beach Residence — 3,361 sq ft at AED 8,829 a square foot, registered on 6 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 6 Jun 2016 | The One JBRJumeirah Beach Residence | 5 B/R | 3,361 | AED 30M | 8,829 | Off-plan |
| 23 Jun 2016 | Palazzo VersaceCulture Village | 5 B/R | 12,993 | AED 29M | 2,228 | Completed |
| 29 Jun 2016 | Palm Jumeirah | 4 B/R | 9,747 | AED 22M | 2,260 | Off-plan |
| 8 Jun 2016 | Al Bateen ResidencesJumeirah Beach Residence | PENTHOUSE | 6,100 | AED 14M | 2,213 | Completed |
| 9 Jun 2016 | Palm Jumeirah | 4 B/R | 6,077 | AED 13M | 2,193 | Completed |
| 23 Jun 2016 | Palazzo VersaceCulture Village | 3 B/R | 3,934 | AED 13M | 3,264 | Completed |
| 9 Jun 2016 | RubyPalm Jumeirah | 4 B/R | 5,217 | AED 13M | 2,434 | Completed |
| 23 Jun 2016 | Palazzo VersaceCulture Village | 2 B/R | 3,720 | AED 12M | 3,170 | Completed |
| 13 Jun 2016 | Al Mass TowerDubai Marina | 5 B/R | 6,339 | AED 10M | 1,609 | Completed |
| 2 Jun 2016 | D1 TowerCulture Village | 4 B/R | 6,423 | AED 9.50M | 1,479 | 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 2016, answered
How many properties were sold in Dubai in June 2016?
2,557 residential sales were registered at the Dubai Land Department in June 2016, worth AED 4.9bn: 1,039 off-plan and 1,518 completed homes. That is 5% more than in June 2015, when 2,445 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 2016?
The dearest apartment or villa registered was an AED 30M off-plan five-bedroom home at The One JBR, Jumeirah Beach Residence — 3,361 sq ft at AED 8,829 a square foot, registered on 6 June. Next came AED 29M at Palazzo Versace, Culture Village, and AED 22M in the Land Department's Palm Jumeirah area. 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 2016?
Dubai Marina, with 284 registered sales, 156 of them off-plan; then Dubai Hills Estate (197) and International City (152). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,956 across 61 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.