Dubai property prices › Month by month › September 2019
The Dubai property market in September 2019
In September 2019 the Dubai Land Department registered 2,572 residential sales worth AED 3.6bn — 52% more than in September 2018, when it registered 1,696, and 44% more by value. Most were homes not yet built: 1,664 off-plan against 908 completed. A completed home changed hands at a median AED 1.04M, AED 716 a square foot — 13% less a foot than in September 2018.
The month in its year
September 2019 against the twelve months before it
2,572 sales in September 2019, against 1,696 in September 2018. Off-plan was 65% of the month, against 57% a year earlier.
Completed homes
What a completed home sold for in September 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 | 168 | AED 300K | 676 |
| 1 B/R | 263 | AED 575K | 661 |
| 2 B/R | 162 | AED 1.29M | 883 |
| 3 B/R | 112 | AED 1.85M | 832 |
| 4 B/R | 18 | AED 2.70M | 522 |
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
- 21, 2 September to 30 September. The busiest was 23 September: 362 sales, AED 542m.
- Off-plan
- 1,664 sales at a median AED 1,007 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 522 of the 2,572, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 212 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 September, 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 South (Dubai World Central) | 173 | 166 | 698 |
| Wadi Al Safa 2 | 170 | 170 | — |
| Meydan | 150 | 140 | 972 |
| Business Bay | 146 | 120 | 1,046 |
| Dubai Hills Estate | 107 | 77 | 896 |
| Jumeirah Village Circle | 104 | 60 | 646 |
| Dubai Creek Harbour (The Lagoons) | 103 | 98 | 1,226 |
| International City | 92 | 1 | 458 |
| Dubai Sports City | 91 | 30 | 771 |
| Dubai Marina | 85 | 11 | 997 |
| Dubai Harbour | 85 | 85 | — |
| Downtown Dubai | 78 | 41 | 1,287 |
| Villanova | 77 | 76 | 648 |
| Arabian Ranches 3 | 72 | 72 | — |
| Damac Hills | 68 | 45 | 600 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,079 | 15 |
| Downtown Dubai | 1,287 | 37 |
| Palm Jumeirah | 1,156 | 31 |
| Business Bay | 1,046 | 26 |
| Dubai Marina | 997 | 74 |
| Meydan | 972 | 10 |
| Damac Hills 2 | 903 | 12 |
| Greens | 900 | 21 |
| Dubai Hills Estate | 896 | 30 |
| Jumeirah Beach Residence | 893 | 22 |
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 September 2019
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Gate ZoneWadi Al Safa 2 | 170 | all | 400 |
| 2 | Azizi Riviera 27Meydan | 87 | all | 1,448 |
| 3 | JoyArabian Ranches 3 | 42 | all | 939 |
| 4 | Gardenia TownhomesWasl Gate | 39 | 0 | 670 |
| 5 | Farhad Azizi ResidenceAl Jaddaf | 31 | all | 1,634 |
| 6 | Beach Vista Tower 2Dubai Harbour | 31 | all | 1,085 |
| 7 | Carson CDamac Hills | 30 | all | 1,274 |
| 8 | SunArabian Ranches 3 | 30 | all | 879 |
| 9 | Azizi Riviera 28Meydan | 29 | all | 1,501 |
| 10 | MAG 520Dubai South (Dubai World Central) | 28 | all | 878 |
| 11 | Celestia BDubai South (Dubai World Central) | 27 | all | 667 |
| 12 | Golf Views Seven CityJumeirah Lake Towers | 27 | all | 973 |
| 13 | Beach Vista Tower 1Dubai Harbour | 26 | all | 982 |
| 14 | GreenviewDubai South (Dubai World Central) | 25 | all | 712 |
| 15 | Giovanni Boutique SuitesDubai Sports City | 25 | 0 | 908 |
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 September 2019
The dearest was an AED 21M off-plan three-bedroom home at Atlantis The Royal Residences, Palm Jumeirah — 3,586 sq ft at AED 5,855 a square foot, registered on 16 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 16 Sept 2019 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,586 | AED 21M | 5,855 | Off-plan |
| 2 Sept 2019 | Boulevard PointDowntown Dubai | 6 B/R | 6,726 | AED 14M | 2,085 | Off-plan |
| 19 Sept 2019 | The One JBRJumeirah Beach Residence | 4 B/R | 3,753 | AED 14M | 3,629 | Off-plan |
| 26 Sept 2019 | Wadi Al Safa 3 | 4 B/R | 6,876 | AED 11M | 1,546 | Completed |
| 16 Sept 2019 | BV Residences 4Jumeirah Bay Island | 3 B/R | 2,630 | AED 8.63M | 3,281 | Completed |
| 10 Sept 2019 | BV Residences 2Jumeirah Bay Island | 3 B/R | 2,630 | AED 8.63M | 3,281 | Completed |
| 10 Sept 2019 | BV Residences 5Jumeirah Bay Island | 2 B/R | 2,088 | AED 8.43M | 4,037 | Completed |
| 10 Sept 2019 | Cayan TowerDubai Marina | PENTHOUSE | 5,475 | AED 8.30M | 1,516 | Completed |
| 11 Sept 2019 | Villa AmalfiJumeirah | 4 B/R | 4,480 | AED 7.59M | 1,694 | Off-plan |
| 24 Sept 2019 | The One JBRJumeirah Beach Residence | 3 B/R | 2,605 | AED 7.30M | 2,802 | 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 September 2019, answered
How many properties were sold in Dubai in September 2019?
2,572 residential sales were registered at the Dubai Land Department in September 2019, worth AED 3.6bn: 1,664 off-plan and 908 completed homes. That is 52% more than in September 2018, when 1,696 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 September 2019?
The dearest apartment or villa registered was an AED 21M off-plan three-bedroom home at Atlantis The Royal Residences, Palm Jumeirah — 3,586 sq ft at AED 5,855 a square foot, registered on 16 September. Next came AED 14M at Boulevard Point, Downtown Dubai, and AED 14M at The One JBR, Jumeirah Beach Residence. 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 September 2019?
Dubai South (Dubai World Central), with 173 registered sales, almost all of them off-plan; then Wadi Al Safa 2 (170) and Meydan (150). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,079 across 15 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.