Dubai property prices › Month by month › December 2019
The Dubai property market in December 2019
In December 2019 the Dubai Land Department registered 3,548 residential sales worth AED 6.5bn — 82% more than in December 2018, when it registered 1,946, and 116% more by value. Most were homes not yet built: 2,394 off-plan against 1,154 completed. A completed home changed hands at a median AED 1.27M, AED 846 a square foot — 5% more a foot than in December 2018.
The month in its year
December 2019 against the twelve months before it
3,548 sales in December 2019, against 1,946 in December 2018. Off-plan was 67% of the month, against 53% a year earlier.
Completed homes
What a completed home sold for in December 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 | 155 | AED 368K | 795 |
| 1 B/R | 342 | AED 890K | 943 |
| 2 B/R | 258 | AED 1.41M | 940 |
| 3 B/R | 155 | AED 2.18M | 874 |
| 4 B/R | 53 | AED 3.97M | 1,173 |
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
- 20, 4 December to 31 December. The busiest was 9 December: 901 sales, AED 1.7bn.
- Off-plan
- 2,394 sales at a median AED 1,218 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 900 of the 3,548, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 379 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 December, 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 Creek Harbour (The Lagoons) | 338 | 334 | 1,268 |
| Dubai South (Dubai World Central) | 258 | 236 | 760 |
| Jumeirah | 235 | 235 | — |
| Arabian Ranches 3 | 166 | 166 | — |
| Downtown Dubai | 165 | 120 | 1,304 |
| Dubai Hills Estate | 158 | 115 | 868 |
| Dubai Harbour | 131 | 131 | — |
| Motor City | 128 | 0 | 943 |
| Al Barsha | 120 | 119 | 1,210 |
| Business Bay | 114 | 78 | 1,161 |
| Jumeirah Village Circle | 111 | 60 | 795 |
| Villanova | 104 | 103 | 612 |
| Damac Hills | 92 | 36 | 984 |
| Dubai Marina | 83 | 10 | 1,084 |
| Bluewaters | 80 | 1 | 2,136 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Jumeirah Bay Island | 3,336 | 15 |
| Bluewaters | 2,136 | 79 |
| Downtown Dubai | 1,304 | 45 |
| Business Bay | 1,161 | 36 |
| Dubai Marina | 1,084 | 73 |
| Damac Hills | 984 | 56 |
| Motor City | 943 | 128 |
| Damac Hills 2 | 910 | 15 |
| Jumeirah Beach Residence | 895 | 18 |
| Palm Jumeirah | 894 | 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 December 2019
The 15 buildings with the most sales registered in December, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Bella RoseAl Barsha | 119 | all | 1,158 |
| 2 | Eden ApartmentsMotor City | 108 | 0 | 943 |
| 3 | Greenviews 2Dubai South (Dubai World Central) | 89 | all | 704 |
| 4 | SunArabian Ranches 3 | 72 | all | 919 |
| 5 | Parkside 3Dubai South (Dubai World Central) | 70 | all | 695 |
| 6 | Wavez ResidenceLiwan | 57 | all | 870 |
| 7 | SpringArabian Ranches 3 | 51 | all | 920 |
| 8 | Sur La MerJumeirah | 49 | all | 1,461 |
| 9 | Grand Bleu Tower 1Dubai Harbour | 45 | all | 2,240 |
| 10 | Marina Vista Tower 1Dubai Harbour | 44 | all | 2,142 |
| 11 | GrandeDowntown Dubai | 42 | all | 3,231 |
| 12 | JoyArabian Ranches 3 | 42 | all | 920 |
| 13 | Surf at Creek Beach Building 2Dubai Creek Harbour (The Lagoons) | 38 | all | 1,335 |
| 14 | La Rosa 2Villanova | 36 | all | 716 |
| 15 | Navitas ADamac Hills 2 | 32 | all | 971 |
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 December 2019
The dearest was an AED 20M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,718 a square foot, registered on 18 December.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 18 Dec 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 20M | 3,718 | Off-plan |
| 4 Dec 2019 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 18M | 3,322 | Off-plan |
| 10 Dec 2019 | La Rive Building 2Jumeirah | 5 B/R | 9,318 | AED 16M | 1,683 | Off-plan |
| 9 Dec 2019 | Bluewaters Residences Building 3Bluewaters | 4 B/R | 6,771 | AED 15M | 2,267 | Completed |
| 5 Dec 2019 | The One JBRJumeirah Beach Residence | 4 B/R | 3,751 | AED 14M | 3,697 | Off-plan |
| 12 Dec 2019 | The One JBRJumeirah Beach Residence | 4 B/R | 3,781 | AED 14M | 3,666 | Off-plan |
| 19 Dec 2019 | Bluewaters Residences Building 3Bluewaters | 4 B/R | 6,474 | AED 14M | 2,085 | Completed |
| 23 Dec 2019 | Opera GrandDowntown Dubai | 4 B/R | 3,057 | AED 13M | 4,224 | Off-plan |
| 27 Dec 2019 | Palazzo VersaceCulture Village | 4 B/R | 5,032 | AED 13M | 2,484 | Completed |
| 5 Dec 2019 | BV Residences 6Jumeirah Bay Island | 3 B/R | 2,611 | AED 11M | 4,244 | 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 December 2019, answered
How many properties were sold in Dubai in December 2019?
3,548 residential sales were registered at the Dubai Land Department in December 2019, worth AED 6.5bn: 2,394 off-plan and 1,154 completed homes. That is 82% more than in December 2018, when 1,946 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 December 2019?
The dearest apartment or villa registered was an AED 20M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,718 a square foot, registered on 18 December. Next came AED 18M at IL Primo, Downtown Dubai, and AED 16M at La Rive Building 2, Jumeirah. 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 December 2019?
Dubai Creek Harbour (The Lagoons), with 338 registered sales, almost all of them off-plan; then Dubai South (Dubai World Central) (258) and Jumeirah (235). The dearest, by the median price of a square foot of completed home, was Jumeirah Bay Island at AED 3,336 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.