Dubai property prices › Month by month › September 2017
The Dubai property market in September 2017
In September 2017 the Dubai Land Department registered 2,187 residential sales worth AED 3.9bn — 31% more than in September 2016, when it registered 1,664, and 28% more by value. Most were homes not yet built: 1,313 off-plan against 874 completed. A completed home changed hands at a median AED 1.44M, AED 896 a square foot — 6% less a foot than in September 2016.
The month in its year
September 2017 against the twelve months before it
2,187 sales in September 2017, against 1,664 in September 2016. Off-plan was 60% of the month, against 46% a year earlier.
Completed homes
What a completed home sold for in September 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.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 119 | AED 450K | 942 |
| 1 B/R | 258 | AED 825K | 902 |
| 2 B/R | 172 | AED 1.62M | 1,092 |
| 4 B/R | 14 | AED 2.40M | 808 |
| 3 B/R | 77 | AED 2.75M | 992 |
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, 4 September to 29 September. The busiest was 25 September: 348 sales, AED 497m.
- Off-plan
- 1,313 sales at a median AED 1,142 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 301 of the 2,187, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 191 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 Hills Estate | 291 | 235 | 813 |
| Dubai South (Dubai World Central) | 148 | 147 | 1,162 |
| Dubai Marina | 138 | 57 | 1,451 |
| Downtown Dubai | 129 | 99 | 1,650 |
| Jumeirah Village Circle | 109 | 66 | 898 |
| Dubai Sports City | 99 | 67 | 916 |
| Business Bay | 86 | 65 | 1,331 |
| Dubai Creek Harbour (The Lagoons) | 86 | 86 | — |
| International City | 82 | 5 | 661 |
| Town Square | 81 | 81 | — |
| Arjan | 80 | 74 | 833 |
| Damac Hills 2 | 76 | 0 | 850 |
| Zabeel | 50 | 50 | — |
| Jumeirah Lake Towers | 47 | 0 | 1,123 |
| Jumeirah Village Triangle | 46 | 44 | 920 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| City Walk | 1,839 | 10 |
| Downtown Dubai | 1,650 | 30 |
| Palm Jumeirah | 1,459 | 24 |
| Dubai Marina | 1,451 | 81 |
| The Views | 1,402 | 10 |
| Greens | 1,365 | 18 |
| Jumeirah Beach Residence | 1,331 | 19 |
| Business Bay | 1,331 | 21 |
| Jumeirah Lake Towers | 1,123 | 47 |
| Dubai Festival City | 1,099 | 10 |
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 2017
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Park Heights 2 Tower 2Dubai Hills Estate | 92 | all | 1,320 |
| 2 | Maple at Dubai Hills Estate 3Dubai Hills Estate | 83 | all | 995 |
| 3 | Vida Dubai Mall Tower 2Downtown Dubai | 64 | all | 2,029 |
| 4 | Sidra Villas IIIDubai Hills Estate | 44 | 0 | 804 |
| 5 | Bayz by DanubeBusiness Bay | 31 | all | 1,620 |
| 6 | Vida Residences Dubai MarinaDubai Marina | 30 | all | 1,628 |
| 7 | Creek Rise Tower 1Dubai Creek Harbour (The Lagoons) | 26 | all | 1,641 |
| 8 | Downtown Views II Tower 2Zabeel | 26 | all | 1,773 |
| 9 | Golf Views ADubai South (Dubai World Central) | 26 | all | 1,057 |
| 10 | Elite Sports Residence 10 Tower 1Dubai Sports City | 24 | all | 1,083 |
| 11 | Elite Sports Residence 10 Tower 2Dubai Sports City | 24 | all | 1,009 |
| 12 | VictoriaDamac Hills 2 | 21 | 0 | 828 |
| 13 | The Pulse Residence Park B3Dubai South (Dubai World Central) | 19 | all | 740 |
| 14 | Resortz Residence Block 2Arjan | 19 | all | 1,053 |
| 15 | Paradise OneJumeirah Village Triangle | 18 | all | 630 |
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 2017
The dearest was an AED 102M off-plan five-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 29,994 sq ft at AED 3,401 a square foot, registered on 11 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 11 Sept 2017 | One at Palm JumeirahPalm Jumeirah | 5 B/R | 29,994 | AED 102M | 3,401 | Off-plan |
| 27 Sept 2017 | The Crescent W ResidencesPalm Jumeirah | 6 B/R | 13,777 | AED 25M | 1,815 | Off-plan |
| 13 Sept 2017 | IL PrimoDowntown Dubai | 4 B/R | 5,383 | AED 20M | 3,676 | Off-plan |
| 27 Sept 2017 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,838 | AED 18M | 4,625 | Off-plan |
| 27 Sept 2017 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,762 | AED 14M | 3,841 | Off-plan |
| 27 Sept 2017 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,419 | AED 14M | 4,022 | Off-plan |
| 19 Sept 2017 | Opera GrandDowntown Dubai | 4 B/R | 3,059 | AED 13M | 4,266 | Off-plan |
| 27 Sept 2017 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,036 | AED 13M | 4,117 | Off-plan |
| 13 Sept 2017 | Citywalk Residential Building 22City Walk | 4 B/R | 3,967 | AED 7.01M | 1,766 | Completed |
| 28 Sept 2017 | Burj KhalifaDowntown Dubai | 2 B/R | 2,053 | AED 7.00M | 3,410 | 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 2017, answered
How many properties were sold in Dubai in September 2017?
2,187 residential sales were registered at the Dubai Land Department in September 2017, worth AED 3.9bn: 1,313 off-plan and 874 completed homes. That is 31% more than in September 2016, when 1,664 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 2017?
The dearest apartment or villa registered was an AED 102M off-plan five-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 29,994 sq ft at AED 3,401 a square foot, registered on 11 September. Next came AED 25M at The Crescent W Residences, Palm Jumeirah, and AED 20M at IL Primo, 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 2017?
Dubai Hills Estate, with 291 registered sales, 235 of them off-plan; then Dubai South (Dubai World Central) (148) and Dubai Marina (138). The dearest, by the median price of a square foot of completed home, was City Walk at AED 1,839 across 10 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.