Dubai property prices › Month by month › August 2019
The Dubai property market in August 2019
In August 2019 the Dubai Land Department registered 1,818 residential sales worth AED 2.7bn — 59% more than in August 2018, when it registered 1,147, and 40% more by value. Most were homes not yet built: 956 off-plan against 862 completed. A completed home changed hands at a median AED 1.20M, AED 703 a square foot — 12% less a foot than in August 2018.
The month in its year
August 2019 against the twelve months before it
1,818 sales in August 2019, against 1,147 in August 2018. Off-plan was 53% of the month, against 49% a year earlier.
Completed homes
What a completed home sold for in August 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 | 107 | AED 320K | 674 |
| 1 B/R | 266 | AED 573K | 715 |
| 2 B/R | 198 | AED 1.34M | 879 |
| 3 B/R | 92 | AED 2.00M | 879 |
| 4 B/R | 19 | AED 2.35M | 683 |
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 August to 30 August. The busiest was 21 August: 213 sales, AED 338m.
- Off-plan
- 956 sales at a median AED 1,056 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 398 of the 1,818, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 227 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 August, 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 Marina | 152 | 13 | 902 |
| Dubai Hills Estate | 121 | 102 | 1,002 |
| Downtown Dubai | 116 | 89 | 1,312 |
| Villanova | 104 | 102 | 648 |
| Wasl Gate | 101 | 4 | 659 |
| Wadi Al Safa 2 | 89 | 89 | — |
| Jumeirah Village Circle | 80 | 32 | 726 |
| Dubai Harbour | 80 | 80 | — |
| International City | 66 | 0 | 458 |
| Dubai South (Dubai World Central) | 66 | 60 | 797 |
| Business Bay | 57 | 28 | 1,253 |
| Dubai Sports City | 57 | 27 | 681 |
| Dubai Creek Harbour (The Lagoons) | 53 | 48 | 1,492 |
| Jumeirah Lake Towers | 51 | 10 | 867 |
| Palm Jumeirah | 37 | 14 | 1,295 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,157 | 35 |
| Downtown Dubai | 1,312 | 27 |
| Palm Jumeirah | 1,295 | 23 |
| Business Bay | 1,253 | 29 |
| Dubai Hills Estate | 1,002 | 19 |
| Jumeirah Beach Residence | 983 | 16 |
| Greens | 919 | 12 |
| Dubai Marina | 902 | 139 |
| Jumeirah Lake Towers | 867 | 41 |
| Arjan | 797 | 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 August 2019
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Gardenia TownhomesWasl Gate | 97 | 0 | 659 |
| 2 | Gate ZoneWadi Al Safa 2 | 89 | all | 400 |
| 3 | Amaranta BVillanova | 58 | all | 754 |
| 4 | GrandeDowntown Dubai | 51 | all | 2,012 |
| 5 | Marina SuitesDubai Marina | 42 | 0 | 600 |
| 6 | Beach Vista Tower 1Dubai Harbour | 26 | all | 1,035 |
| 7 | Beach Vista Tower 2Dubai Harbour | 21 | all | 1,050 |
| 8 | Collective 2.0 Tower BDubai Hills Estate | 20 | all | 1,495 |
| 9 | Amaranta 2Villanova | 20 | all | 748 |
| 10 | Farhad Azizi ResidenceAl Jaddaf | 19 | all | 1,596 |
| 11 | Camelia 1Arabian Ranches 2 | 16 | all | 774 |
| 12 | Marina Gate 2Dubai Marina | 16 | 1 | — |
| 13 | Lamtara 2Umm Suqeim | 16 | all | 1,598 |
| 14 | Celestia BDubai South (Dubai World Central) | 15 | all | 667 |
| 15 | Casa DoraSerena | 13 | all | 626 |
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 August 2019
The dearest was an AED 17M off-plan three-bedroom home at The Crescent W Residences, Palm Jumeirah — 6,589 sq ft at AED 2,626 a square foot, registered on 29 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 29 Aug 2019 | The Crescent W ResidencesPalm Jumeirah | 3 B/R | 6,589 | AED 17M | 2,626 | Off-plan |
| 7 Aug 2019 | The One JBRJumeirah Beach Residence | 4 B/R | 3,786 | AED 13M | 3,410 | Off-plan |
| 29 Aug 2019 | Grand Bleu Tower 1Dubai Harbour | 4 B/R | 2,783 | AED 12M | 4,435 | Off-plan |
| 7 Aug 2019 | BV Residences 4Jumeirah Bay Island | 3 B/R | 2,611 | AED 9.05M | 3,466 | Completed |
| 5 Aug 2019 | Palazzo VersaceCulture Village | 4 B/R | 5,016 | AED 9.00M | 1,794 | Completed |
| 20 Aug 2019 | The One JBRJumeirah Beach Residence | 3 B/R | 2,594 | AED 8.49M | 3,273 | Off-plan |
| 21 Aug 2019 | Opera GrandDowntown Dubai | 3 B/R | 2,044 | AED 8.40M | 4,107 | Off-plan |
| 5 Aug 2019 | The One JBRJumeirah Beach Residence | 3 B/R | 2,600 | AED 7.65M | 2,943 | Off-plan |
| 1 Aug 2019 | Emirates CrownDubai Marina | 5 B/R | 7,690 | AED 7.50M | 975 | Completed |
| 5 Aug 2019 | La Rive Building 2Jumeirah | 4 B/R | 2,969 | AED 7.03M | 2,368 | Off-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 August 2019, answered
How many properties were sold in Dubai in August 2019?
1,818 residential sales were registered at the Dubai Land Department in August 2019, worth AED 2.7bn: 956 off-plan and 862 completed homes. That is 59% more than in August 2018, when 1,147 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 August 2019?
The dearest apartment or villa registered was an AED 17M off-plan three-bedroom home at The Crescent W Residences, Palm Jumeirah — 6,589 sq ft at AED 2,626 a square foot, registered on 29 August. Next came AED 13M at The One JBR, Jumeirah Beach Residence, and AED 12M at Grand Bleu Tower 1, Dubai Harbour. 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 August 2019?
Dubai Marina, with 152 registered sales, 139 of them completed homes; then Dubai Hills Estate (121) and Downtown Dubai (116). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,157 across 35 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.