Dubai property prices › Month by month › October 2019
The Dubai property market in October 2019
In October 2019 the Dubai Land Department registered 4,019 residential sales worth AED 6.2bn — 55% more than in October 2018, when it registered 2,591, and 57% more by value. Most were homes not yet built: 2,716 off-plan against 1,303 completed. A completed home changed hands at a median AED 1.05M, AED 673 a square foot — 17% less a foot than in October 2018.
The month in its year
October 2019 against the twelve months before it
4,019 sales in October 2019 — the most in a month since April 2014, against 2,591 in October 2018. Off-plan was 68% of the month, against 57% a year earlier.
Completed homes
What a completed home sold for in October 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 | 240 | AED 255K | 543 |
| 1 B/R | 387 | AED 518K | 628 |
| 2 B/R | 251 | AED 1.30M | 868 |
| 3 B/R | 141 | AED 2.00M | 881 |
| 4 B/R | 32 | AED 3.33M | 843 |
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
- 23, 1 October to 31 October. The busiest was 7 October: 492 sales, AED 778m.
- Off-plan
- 2,716 sales at a median AED 981 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,190 of the 4,019, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 432 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 October, 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) | 341 | 336 | 783 |
| Dubai Creek Harbour (The Lagoons) | 242 | 233 | 1,507 |
| Villanova | 234 | 233 | 659 |
| Business Bay | 229 | 191 | 1,027 |
| Dubai Hills Estate | 176 | 133 | 886 |
| International City | 153 | 4 | 465 |
| Downtown Dubai | 151 | 101 | 1,141 |
| Arabian Ranches 3 | 146 | 146 | — |
| Dubai Marina | 135 | 29 | 1,144 |
| Meydan | 132 | 125 | 922 |
| Jumeirah | 131 | 131 | — |
| Wasl Gate | 107 | 84 | 674 |
| Al Quoz | 95 | 0 | 350 |
| Jumeirah Village Circle | 87 | 52 | 628 |
| Jumeirah Lake Towers | 86 | 42 | 811 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,186 | 64 |
| Palm Jumeirah | 1,161 | 36 |
| Dubai Marina | 1,144 | 106 |
| Downtown Dubai | 1,141 | 50 |
| The Views | 1,052 | 10 |
| Business Bay | 1,027 | 38 |
| Jumeirah Beach Residence | 980 | 31 |
| Greens | 929 | 14 |
| Damac Hills 2 | 910 | 16 |
| Dubai Hills Estate | 886 | 43 |
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 October 2019
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | GreenviewDubai South (Dubai World Central) | 104 | all | 701 |
| 2 | Al Khail Heights 9A-9BAl Quoz | 92 | 0 | 350 |
| 3 | JoyArabian Ranches 3 | 90 | all | 939 |
| 4 | Parkside 2Dubai South (Dubai World Central) | 88 | all | 676 |
| 5 | The Nook 2Wasl Gate | 84 | all | 932 |
| 6 | Amaranta BVillanova | 83 | all | 738 |
| 7 | Azizi Riviera 28Meydan | 74 | all | 1,515 |
| 8 | Gate ZoneWadi Al Safa 2 | 69 | all | 400 |
| 9 | Casa VivaSerena | 60 | all | 745 |
| 10 | Bella RoseAl Barsha | 60 | all | 1,085 |
| 11 | Amaranta 2Villanova | 56 | all | 739 |
| 12 | Zada TowerBusiness Bay | 53 | all | 1,551 |
| 13 | Parkside 3Dubai South (Dubai World Central) | 51 | all | 701 |
| 14 | SunArabian Ranches 3 | 51 | all | 904 |
| 15 | Golf Views Seven CityJumeirah Lake Towers | 42 | all | 949 |
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 October 2019
The dearest was an AED 19M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,531 a square foot, registered on 8 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 8 Oct 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 19M | 3,531 | Off-plan |
| 8 Oct 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 18M | 3,348 | Off-plan |
| 9 Oct 2019 | Burj Vista Tower 2Downtown Dubai | 5 B/R | 6,922 | AED 15M | 2,158 | Completed |
| 10 Oct 2019 | Bluewaters Residences Building 3Bluewaters | 4 B/R | 6,527 | AED 13M | 2,013 | Completed |
| 10 Oct 2019 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,945 | AED 12M | 3,083 | Off-plan |
| 28 Oct 2019 | Jumeirah Gate Tower 1Jumeirah Beach Residence | 5 B/R | 4,300 | AED 11M | 2,528 | Off-plan |
| 7 Oct 2019 | Villa AmalfiJumeirah | 5 B/R | 4,554 | AED 10M | 2,272 | Off-plan |
| 15 Oct 2019 | Villa AmalfiJumeirah | 5 B/R | 5,192 | AED 9.99M | 1,924 | Off-plan |
| 15 Oct 2019 | Villa AmalfiJumeirah | 5 B/R | 5,146 | AED 9.98M | 1,940 | Off-plan |
| 23 Oct 2019 | Villa AmalfiJumeirah | 5 B/R | 5,004 | AED 9.92M | 1,983 | 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 October 2019, answered
How many properties were sold in Dubai in October 2019?
4,019 residential sales were registered at the Dubai Land Department in October 2019, worth AED 6.2bn: 2,716 off-plan and 1,303 completed homes. That is 55% more than in October 2018, when 2,591 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 October 2019?
The dearest apartment or villa registered was an AED 19M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,531 a square foot, registered on 8 October. Next came AED 18M at IL Primo, Downtown Dubai, and AED 15M at Burj Vista Tower 2, 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 October 2019?
Dubai South (Dubai World Central), with 341 registered sales, almost all of them off-plan; then Dubai Creek Harbour (The Lagoons) (242) and Villanova (234). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,186 across 64 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.