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Dubai property prices › Month by month › January 2019

The Dubai property market in January 2019

In January 2019 the Dubai Land Department registered 1,687 residential sales worth AED 2.9bn — 21% fewer than in January 2018, when it registered 2,147, and 10% less by value. Most were completed homes: 854, against 833 off-plan. A completed home changed hands at a median AED 1.10M, AED 781 a square foot — 14% less a foot than in January 2018.

Sales registered
1,687
−21% on January 2018 (2,147)
Value
AED 2.9bn
−10% on January 2018 (AED 3.3bn)
Off-plan
833
49% of the month · 854 completed
Completed homes, median
AED 781
per sq ft · AED 1.10M a home · −14% on January 2018

The month in its year

January 2019 against the twelve months before it

Residential sales registered, by monthOff-planResale1,687 in January 2019
2,147
1,687
J2018FMAMJJASONDJ2019

1,687 sales in January 2019 — the fewest in a month since August 2018, against 2,147 in January 2018. Off-plan was 49% of the month, against 55% a year earlier.

Completed homes

What a completed home sold for in January 2019

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
Studio136AED 315K724
1 B/R273AED 675K817
2 B/R149AED 1.38M903
3 B/R118AED 2.04M772
4 B/R25AED 2.98M755

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 21 January: 197 sales, AED 402m.
Off-plan
833 sales at a median AED 1,351 a square foot — its own line, never blended into the completed-home medians.
Villas
268 of the 1,687, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
143 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
Dubai Hills Estate212207934
Dubai Marina107331,125
Business Bay101721,206
International City9829483
Jumeirah Village Circle7941662
Arjan7256805
Dubai Sports City7124695
Meydan6557908
Downtown Dubai65231,365
Jumeirah Lake Towers6428864
Mohammed Bin Rashid City45411,561
Palm Jumeirah4471,420
Dubai Silicon Oasis415740
Villanova4141—
Town Square3920644
Dearest communityAED/sqftResales
Palm Jumeirah1,42037
Downtown Dubai1,36542
Business Bay1,20629
Dubai Marina1,12574
Jumeirah Beach Residence1,10626
Al Furjan1,05017
Damac Hills 289317
Jumeirah Lake Towers86436
Dubai Studio City81715
Arjan80516

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 2019

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 2019

The dearest was an AED 30M completed five-bedroom home at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah — 4,443 sq ft at AED 6,689 a square foot, registered on 28 January.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
28 Jan 2019Royal Residences Jumeirah Zabeel SarayPalm Jumeirah5 B/R4,443AED 30M6,689Completed
21 Jan 2019The Crescent W ResidencesPalm Jumeirah4 B/R6,808AED 15M2,130Off-plan
29 Jan 2019Atlantis The Royal ResidencesPalm Jumeirah2 B/R3,077AED 15M4,712Off-plan
31 Jan 2019Serenia Residences Building BPalm Jumeirah3 B/R5,520AED 14M2,584Completed
28 Jan 2019Emerald Palace Kempinski HotelPalm Jumeirah4 B/R7,012AED 14M1,997Completed
10 Jan 2019VolanteBusiness Bay3 B/R5,043AED 14M2,749Completed
21 Jan 2019Marina Gate 2Dubai Marina4 B/R5,845AED 12M2,135Off-plan
17 Jan 2019Atlantis The Royal ResidencesPalm Jumeirah3 B/R3,928AED 12M3,040Off-plan
17 Jan 2019Dubai Creek Residences North Tower 3Dubai Creek Harbour (The Lagoons)6 B/R6,866AED 11M1,569Off-plan
17 Jan 2019Dubai Creek Residences South Tower 1Dubai Creek Harbour (The Lagoons)6 B/R6,898AED 10M1,518Off-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 2019, answered

How many properties were sold in Dubai in January 2019?

1,687 residential sales were registered at the Dubai Land Department in January 2019, worth AED 2.9bn: 833 off-plan and 854 completed homes. That is 21% fewer than in January 2018, when 2,147 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 2019?

The dearest apartment or villa registered was an AED 30M completed five-bedroom home at Royal Residences Jumeirah Zabeel Saray, Palm Jumeirah — 4,443 sq ft at AED 6,689 a square foot, registered on 28 January. Next came AED 15M at The Crescent W Residences, Palm Jumeirah, and AED 15M at Atlantis The Royal Residences, Palm Jumeirah. 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 2019?

Dubai Hills Estate, with 212 registered sales, almost all of them off-plan; then Dubai Marina (107) and Business Bay (101). The dearest, by the median price of a square foot of completed home, was Palm Jumeirah at AED 1,420 across 37 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 2019.

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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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