McCone Properties
WhatsApp
Menu

Dubai property prices › Month by month › July 2019

The Dubai property market in July 2019

In July 2019 the Dubai Land Department registered 3,349 residential sales worth AED 5.8bn — 55% more than in July 2018, when it registered 2,162, and 48% more by value. Most were homes not yet built: 2,108 off-plan against 1,241 completed. A completed home changed hands at a median AED 1.18M, AED 727 a square foot — 15% less a foot than in July 2018.

Sales registered
3,349
+55% on July 2018 (2,162)
Value
AED 5.8bn
+48% on July 2018 (AED 3.9bn)
Off-plan
2,108
63% of the month · 1,241 completed
Completed homes, median
AED 727
per sq ft · AED 1.18M a home · −15% on July 2018

The month in its year

July 2019 against the twelve months before it

Residential sales registered, by monthOff-planResale3,349 in July 2019
2,162
3,349
J2018ASONDJ2019FMAMJJ

3,349 sales in July 2019 — the most in a month since August 2017, against 2,162 in July 2018. Off-plan was 63% of the month, against 53% a year earlier.

Completed homes

What a completed home sold for in July 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
Studio181AED 300K619
1 B/R349AED 660K772
2 B/R274AED 1.30M896
3 B/R173AED 2.10M832
4 B/R27AED 2.85M914

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
19, 1 July to 31 July. The busiest was 22 July: 430 sales, AED 747m.
Off-plan
2,108 sales at a median AED 1,220 a square foot — its own line, never blended into the completed-home medians.
Villas
852 of the 3,349, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
295 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 July, 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 Estate320300810
Downtown Dubai2331811,247
Dubai Creek Harbour (The Lagoons)2292251,360
Dubai South (Dubai World Central)226222656
Jumeirah Village Circle168881,034
Villanova164163562
Arabian Ranches 3148148—
Dubai Harbour137137—
Dubai Marina13617903
International City1244465
Meydan8982998
Jumeirah Lake Towers7932853
Wasl Gate797669
Business Bay7750940
Mohammed Bin Rashid City72701,253
Dearest communityAED/sqftResales
Bluewaters2,13569
City Walk1,66413
Jumeirah Golf Estates1,31924
Downtown Dubai1,24752
Palm Jumeirah1,15638
Jumeirah Village Circle1,03480
Business Bay94027
Greens93830
Dubai Marina903119
Arjan89519

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 July 2019

The 15 buildings with the most sales registered in July, 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 July 2019

The dearest was an AED 23M off-plan three-bedroom home at The Crescent W Residences, Palm Jumeirah — 12,079 sq ft at AED 1,935 a square foot, registered on 9 July.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
9 Jul 2019The Crescent W ResidencesPalm Jumeirah3 B/R12,079AED 23M1,935Off-plan
1 Jul 2019Burj Vista Tower 1Downtown Dubai5 B/R8,528AED 21M2,498Completed
10 Jul 2019Bluewaters Residences Building 7Bluewaters5 B/R9,412AED 19M1,976Completed
17 Jul 2019IL PrimoDowntown Dubai4 B/R5,212AED 19M3,567Off-plan
1 Jul 2019IL PrimoDowntown Dubai4 B/R5,212AED 18M3,493Off-plan
9 Jul 2019The Crescent W ResidencesPalm Jumeirah3 B/R6,586AED 17M2,581Off-plan
9 Jul 2019The Crescent The 8Palm Jumeirah4 B/R5,048AED 13M2,575Off-plan
29 Jul 2019Serenia Residences Building BPalm Jumeirah3 B/R5,520AED 13M2,348Completed
8 Jul 2019One at Palm JumeirahPalm Jumeirah3 B/R2,808AED 12M4,344Off-plan
2 Jul 2019Le ReveDubai Marina5 B/R14,349AED 12M836Completed

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 July 2019, answered

How many properties were sold in Dubai in July 2019?

3,349 residential sales were registered at the Dubai Land Department in July 2019, worth AED 5.8bn: 2,108 off-plan and 1,241 completed homes. That is 55% more than in July 2018, when 2,162 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 July 2019?

The dearest apartment or villa registered was an AED 23M off-plan three-bedroom home at The Crescent W Residences, Palm Jumeirah — 12,079 sq ft at AED 1,935 a square foot, registered on 9 July. Next came AED 21M at Burj Vista Tower 1, Downtown Dubai, and AED 19M at Bluewaters Residences Building 7, Bluewaters. 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 July 2019?

Dubai Hills Estate, with 320 registered sales, almost all of them off-plan; then Downtown Dubai (233) and Dubai Creek Harbour (The Lagoons) (229). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,135 across 69 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 Jul 2019.

Talk to us

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.

WhatsAppCall

No mailing lists. One person calls you back. Privacy policy