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Dubai property prices › Month by month › March 2019

The Dubai property market in March 2019

In March 2019 the Dubai Land Department registered 2,185 residential sales worth AED 3.4bn — 13% more than in March 2018, when it registered 1,934, and 8% more by value. Most were homes not yet built: 1,286 off-plan against 899 completed. A completed home changed hands at a median AED 985K, AED 784 a square foot — 14% less a foot than in March 2018.

Sales registered
2,185
+13% on March 2018 (1,934)
Value
AED 3.4bn
+8% on March 2018 (AED 3.1bn)
Off-plan
1,286
59% of the month · 899 completed
Completed homes, median
AED 784
per sq ft · AED 985K a home · −14% on March 2018

The month in its year

March 2019 against the twelve months before it

Residential sales registered, by monthOff-planResale2,185 in March 2019
1,934
2,185
M2018AMJJASONDJ2019FM

2,185 sales in March 2019, against 1,934 in March 2018. Off-plan was 59% of the month, against 47% a year earlier.

Completed homes

What a completed home sold for in March 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
Studio183AED 330K758
1 B/R300AED 679K776
2 B/R162AED 1.34M895
3 B/R113AED 1.95M926
4 B/R21AED 2.40M669

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
20, 1 March to 29 March. The busiest was 25 March: 260 sales, AED 357m.
Off-plan
1,286 sales at a median AED 1,380 a square foot — its own line, never blended into the completed-home medians.
Villas
388 of the 2,185, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
144 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 March, 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 Estate276264710
Downtown Dubai1501001,641
Business Bay1441071,123
Jumeirah Lake Towers11472897
Dubai Marina109281,254
Dubai Harbour9797—
International City9511456
Dubai South (Dubai World Central)8584722
Arjan7972878
Jumeirah Village Circle6922711
Dubai Sports City6815650
Damac Hills60271,125
Arabian Ranches 26050804
Meydan5445925
Dubai Creek Harbour (The Lagoons)45441,669
Dearest communityAED/sqftResales
Downtown Dubai1,64150
Palm Jumeirah1,27526
Dubai Marina1,25481
Damac Hills1,12533
Business Bay1,12337
Greens1,07722
Al Furjan99715
Jumeirah Beach Residence94630
Jumeirah Village Triangle91014
Jumeirah Lake Towers89742

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 March 2019

The 15 buildings with the most sales registered in March, 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. All 15 sold only off-plan in March.

The record sales

The dearest homes registered in March 2019

The dearest was an AED 22M off-plan four-bedroom home at The Crescent W Residences, Palm Jumeirah — 7,887 sq ft at AED 2,790 a square foot, registered on 18 March.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
18 Mar 2019The Crescent W ResidencesPalm Jumeirah4 B/R7,887AED 22M2,790Off-plan
7 Mar 2019Emirates Golf Club VillasEmirates Golf Club7 B/R15,994AED 20M1,267Off-plan
26 Mar 2019IL PrimoDowntown Dubai4 B/R5,319AED 19M3,513Off-plan
4 Mar 2019Royal Residences Jumeirah Zabeel SarayPalm Jumeirah5 B/R4,443AED 19M4,164Completed
26 Mar 2019IL PrimoDowntown Dubai4 B/R5,196AED 18M3,484Off-plan
18 Mar 2019IL PrimoDowntown Dubai4 B/R5,333AED 16M3,044Off-plan
19 Mar 2019Le ReveDubai Marina4 B/R6,298AED 10M1,596Completed
26 Mar 2019Le ReveDubai Marina2 B/R4,629AED 9.26M2,000Completed
11 Mar 201923 MarinaDubai Marina4 B/R5,645AED 8.50M1,506Completed
20 Mar 2019The One JBRJumeirah Beach Residence3 B/R2,569AED 8.37M3,258Off-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 March 2019, answered

How many properties were sold in Dubai in March 2019?

2,185 residential sales were registered at the Dubai Land Department in March 2019, worth AED 3.4bn: 1,286 off-plan and 899 completed homes. That is 13% more than in March 2018, when 1,934 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 March 2019?

The dearest apartment or villa registered was an AED 22M off-plan four-bedroom home at The Crescent W Residences, Palm Jumeirah — 7,887 sq ft at AED 2,790 a square foot, registered on 18 March. Next came AED 20M at Emirates Golf Club Villas, Emirates Golf Club, and AED 19M 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 March 2019?

Dubai Hills Estate, with 276 registered sales, almost all of them off-plan; then Downtown Dubai (150) and Business Bay (144). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,641 across 50 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 Mar 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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