Dubai property prices › Month by month › June 2019
The Dubai property market in June 2019
In June 2019 the Dubai Land Department registered 1,718 residential sales worth AED 3.0bn — 1% fewer than in June 2018, when it registered 1,730, and 5% less by value. Most were homes not yet built: 1,100 off-plan against 618 completed. A completed home changed hands at a median AED 1.27M, AED 796 a square foot — 11% less a foot than in June 2018.
The month in its year
June 2019 against the twelve months before it
1,718 sales in June 2019 — the fewest in a month since January 2019, against 1,730 in June 2018. Off-plan was 64% of the month, against 52% a year earlier.
Completed homes
What a completed home sold for in June 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.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 94 | AED 320K | 662 |
| 1 B/R | 160 | AED 694K | 862 |
| 2 B/R | 140 | AED 1.31M | 940 |
| 3 B/R | 85 | AED 2.12M | 876 |
| 4 B/R | 22 | AED 2.56M | 808 |
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
- 12, 10 June to 27 June. The busiest was 17 June: 273 sales, AED 451m.
- Off-plan
- 1,100 sales at a median AED 1,358 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 316 of the 1,718, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 108 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 |
|---|---|---|---|
| Downtown Dubai | 195 | 163 | 1,289 |
| Dubai Creek Harbour (The Lagoons) | 188 | 185 | 1,821 |
| Dubai Hills Estate | 143 | 128 | 880 |
| Dubai South (Dubai World Central) | 125 | 122 | 846 |
| Jumeirah Village Circle | 94 | 43 | 1,010 |
| Jumeirah Lake Towers | 85 | 57 | 863 |
| Business Bay | 84 | 53 | 1,509 |
| Meydan | 64 | 44 | 998 |
| Dubai Marina | 57 | 19 | 1,040 |
| Mohammed Bin Rashid City | 55 | 54 | 727 |
| International City | 52 | 2 | 483 |
| Dubai Harbour | 47 | 47 | — |
| Arabian Ranches 2 | 32 | 27 | 505 |
| Dubai Sports City | 30 | 9 | 679 |
| Palm Jumeirah | 26 | 6 | 1,107 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,200 | 13 |
| Business Bay | 1,509 | 31 |
| Downtown Dubai | 1,289 | 32 |
| Palm Jumeirah | 1,107 | 20 |
| Dubai Marina | 1,040 | 38 |
| Jumeirah Village Circle | 1,010 | 51 |
| Greens | 999 | 17 |
| Meydan | 998 | 20 |
| Dubai Hills Estate | 880 | 15 |
| Jumeirah Lake Towers | 863 | 28 |
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 2019
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Parkside 2Dubai South (Dubai World Central) | 67 | all | 676 |
| 2 | Golf Views Seven CityJumeirah Lake Towers | 55 | all | 984 |
| 3 | Burj RoyaleDowntown Dubai | 48 | all | 1,734 |
| 4 | Breeze at Creek Beach Building 1Dubai Creek Harbour (The Lagoons) | 41 | all | 1,310 |
| 5 | GrandeDowntown Dubai | 40 | all | 2,172 |
| 6 | Palace ResidencesDubai Creek Harbour (The Lagoons) | 34 | all | 1,497 |
| 7 | Executive ResidencesDubai Hills Estate | 33 | all | 1,644 |
| 8 | South ResidencesJumeirah Village Circle | 28 | 0 | 1,071 |
| 9 | Camelia 2Arabian Ranches 2 | 24 | all | 965 |
| 10 | Collective Tower 2Dubai Hills Estate | 22 | all | 1,424 |
| 11 | Forte 2Downtown Dubai | 20 | all | 1,703 |
| 12 | Boulevard PointDowntown Dubai | 20 | all | 2,116 |
| 13 | Collective Tower 1Dubai Hills Estate | 19 | all | 1,422 |
| 14 | Parkside 1Dubai South (Dubai World Central) | 16 | all | 686 |
| 15 | Sunset at Creek Beach Building 3Dubai Creek Harbour (The Lagoons) | 16 | all | 1,261 |
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 2019
The dearest was an AED 58M off-plan six-bedroom home at IL Primo, Downtown Dubai — 15,951 sq ft at AED 3,615 a square foot, registered on 24 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 24 Jun 2019 | IL PrimoDowntown Dubai | 6 B/R | 15,951 | AED 58M | 3,615 | Off-plan |
| 17 Jun 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 19M | 3,650 | Off-plan |
| 20 Jun 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 18M | 3,429 | Off-plan |
| 24 Jun 2019 | Serenia Residences Building BPalm Jumeirah | 3 B/R | 5,520 | AED 15M | 2,699 | Completed |
| 13 Jun 2019 | Atlantis The Royal ResidencesPalm Jumeirah | 2 B/R | 3,125 | AED 12M | 3,773 | Off-plan |
| 13 Jun 2019 | Atlantis The Royal ResidencesPalm Jumeirah | 2 B/R | 2,970 | AED 11M | 3,798 | Off-plan |
| 17 Jun 2019 | Burj KhalifaDowntown Dubai | 3 B/R | 2,663 | AED 11M | 4,108 | Completed |
| 25 Jun 2019 | BV Residences 6Jumeirah Bay Island | 2 B/R | 2,245 | AED 9.18M | 4,090 | Completed |
| 26 Jun 2019 | BV Residences 3Jumeirah Bay Island | 3 B/R | 3,169 | AED 8.75M | 2,761 | Completed |
| 24 Jun 2019 | Muraba ResidencePalm Jumeirah | 3 B/R | 2,430 | AED 7.54M | 3,103 | 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 2019, answered
How many properties were sold in Dubai in June 2019?
1,718 residential sales were registered at the Dubai Land Department in June 2019, worth AED 3.0bn: 1,100 off-plan and 618 completed homes. That is 1% fewer than in June 2018, when 1,730 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 2019?
The dearest apartment or villa registered was an AED 58M off-plan six-bedroom home at IL Primo, Downtown Dubai — 15,951 sq ft at AED 3,615 a square foot, registered on 24 June. Next came AED 19M at IL Primo, Downtown Dubai, and AED 18M 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 June 2019?
Downtown Dubai, with 195 registered sales, 163 of them off-plan; then Dubai Creek Harbour (The Lagoons) (188) and Dubai Hills Estate (143). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,200 across 13 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.