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Dubai property prices › Month by month › January 2017

The Dubai property market in January 2017

In January 2017 the Dubai Land Department registered 3,493 residential sales worth AED 7.4bn — 67% more than in January 2016, when it registered 2,095, and 84% more by value. Most were completed homes: 1,779, against 1,714 off-plan. A completed home changed hands at a median AED 1.20M, AED 828 a square foot — 10% less a foot than in January 2016.

Sales registered
3,493
+67% on January 2016 (2,095)
Value
AED 7.4bn
+84% on January 2016 (AED 4.0bn)
Off-plan
1,714
49% of the month · 1,779 completed
Completed homes, median
AED 828
per sq ft · AED 1.20M a home · −10% on January 2016

The month in its year

January 2017 against the twelve months before it

Residential sales registered, by monthOff-planResale3,493 in January 2017
2,095
3,493
J2016FMAMJJASONDJ2017

3,493 sales in January 2017 — the most in a month since November 2015, against 2,095 in January 2016. Off-plan was 49% of the month, against 37% a year earlier.

Completed homes

What a completed home sold for in January 2017

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
Studio241AED 472K991
1 B/R411AED 795K984
2 B/R255AED 1.77M1,147
3 B/R183AED 2.10M1,041
4 B/R37AED 2.60M759

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, 2 January to 31 January. The busiest was 16 January: 383 sales, AED 749m.
Off-plan
1,714 sales at a median AED 1,210 a square foot — its own line, never blended into the completed-home medians.
Villas
561 of the 3,493, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
492 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 January, 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
Damac Hills 23420828
City Walk2302091,930
Arjan2261311,041
Dubai Marina196971,409
Downtown Dubai1891281,982
Town Square152152—
Dubai Sports City151731,008
Jumeirah Village Circle13997931
International City13017672
Liwan130114679
Business Bay112651,269
Jumeirah Beach Residence104851,347
Jumeirah Lake Towers9361,205
Dubai Hills Estate81671,014
Al Furjan7363955
Dearest communityAED/sqftResales
Downtown Dubai1,98261
City Walk1,93021
The Views1,62217
Culture Village1,54811
Dubai Marina1,40999
Jumeirah Beach Residence1,34719
Palm Jumeirah1,34638
Business Bay1,26947
Jumeirah Lake Towers1,20587
Greens1,16329

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 January 2017

The 15 buildings with the most sales registered in January, 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 January 2017

The dearest was an AED 61M off-plan seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 23,346 sq ft at AED 2,633 a square foot, registered on 23 January.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
23 Jan 2017Emirates Golf Club VillasEmirates Golf Club7 B/R23,346AED 61M2,633Off-plan
23 Jan 2017IL PrimoDowntown Dubai4 B/R5,253AED 18M3,453Off-plan
3 Jan 2017Burj KhalifaDowntown Dubai2 B/R2,008AED 13M6,246Completed
17 Jan 2017Burj KhalifaDowntown Dubai3 B/R2,923AED 12M4,064Completed
11 Jan 2017Marina Residences 5Palm Jumeirah4 B/R6,820AED 11M1,539Completed
5 Jan 2017Citywalk Residential Building 18BCity Walk4 B/R7,364AED 10M1,405Off-plan
4 Jan 2017Yansoon 5Downtown Dubai3 B/R3,050AED 9.45M3,098Completed
25 Jan 2017Opera GrandDowntown Dubai5 B/R4,531AED 8.83M1,949Off-plan
25 Jan 2017Opera GrandDowntown Dubai5 B/R4,531AED 8.83M1,949Off-plan
16 Jan 2017Opera GrandDowntown Dubai5 B/R4,040AED 8.57M2,122Off-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 January 2017, answered

How many properties were sold in Dubai in January 2017?

3,493 residential sales were registered at the Dubai Land Department in January 2017, worth AED 7.4bn: 1,714 off-plan and 1,779 completed homes. That is 67% more than in January 2016, when 2,095 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 January 2017?

The dearest apartment or villa registered was an AED 61M off-plan seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 23,346 sq ft at AED 2,633 a square foot, registered on 23 January. Next came AED 18M at IL Primo, Downtown Dubai, and AED 13M at Burj Khalifa, 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 January 2017?

Damac Hills 2, with 342 registered sales, 342 of them completed homes; then City Walk (230) and Arjan (226). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,982 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.

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 31 Jan 2017.

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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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