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Dubai property prices › Month by month › January 2020

The Dubai property market in January 2020

In January 2020 the Dubai Land Department registered 2,050 residential sales worth AED 3.5bn — 22% more than in January 2019, when it registered 1,687, and 18% more by value. Most were completed homes: 1,067, against 983 off-plan. A completed home changed hands at a median AED 817K, AED 724 a square foot — 7% less a foot than in January 2019.

Sales registered
2,050
+22% on January 2019 (1,687)
Value
AED 3.5bn
+18% on January 2019 (AED 2.9bn)
Off-plan
983
48% of the month · 1,067 completed
Completed homes, median
AED 724
per sq ft · AED 817K a home · −7% on January 2019

The month in its year

January 2020 against the twelve months before it

Residential sales registered, by monthOff-planResale2,050 in January 2020
1,687
2,050
J2019FMAMJJASONDJ2020

2,050 sales in January 2020 — the fewest in a month since August 2019, against 1,687 in January 2019. Off-plan was 48% of the month, against 49% a year earlier.

Completed homes

What a completed home sold for in January 2020

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
Studio296AED 450K888
1 B/R279AED 600K731
2 B/R204AED 1.20M784
3 B/R106AED 1.85M709
4 B/R22AED 2.06M692

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
22, 2 January to 31 January. The busiest was 13 January: 223 sales, AED 337m.
Off-plan
983 sales at a median AED 1,220 a square foot — its own line, never blended into the completed-home medians.
Villas
408 of the 2,050, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
167 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 January, 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
Arjan1416961
Villanova110110—
Downtown Dubai109621,383
Dubai Marina10111,040
Dubai Creek Harbour (The Lagoons)100951,510
Business Bay91591,100
Jumeirah Beach Residence8766888
International City810451
Jumeirah Lake Towers7736754
Dubai Hills Estate7545873
Jumeirah Village Circle6520640
Umm Suqeim6060—
Dubai Sports City6019590
Dubai South (Dubai World Central)5550732
Mohammed Bin Rashid City52511,246
Dearest communityAED/sqftResales
Bluewaters2,09515
Downtown Dubai1,38347
Palm Jumeirah1,11620
Business Bay1,10032
Dubai Marina1,040100
Arjan961135
Jumeirah Beach Residence88821
Dubai Hills Estate87330
Greens82520
Jumeirah Lake Towers75441

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 January 2020

The 15 buildings with the most sales registered in January, 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 January 2020

The dearest was an AED 25M completed five-bedroom home in the Land Department's Palm Jumeirah area — 12,306 sq ft at AED 2,032 a square foot, registered on 17 January.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
17 Jan 2020Palm Jumeirah5 B/R12,306AED 25M2,032Completed
21 Jan 2020Emirates Golf Club VillasEmirates Golf Club7 B/R18,539AED 18M990Completed
6 Jan 2020Royal Residences Jumeirah Zabeel SarayPalm Jumeirah5 B/R4,443AED 15M3,376Completed
20 Jan 2020Atlantis The Royal ResidencesPalm Jumeirah3 B/R3,430AED 14M4,082Off-plan
22 Jan 2020The One JBRJumeirah Beach Residence4 B/R3,747AED 14M3,702Off-plan
14 Jan 2020The One JBRJumeirah Beach Residence4 B/R3,761AED 14M3,667Off-plan
15 Jan 2020Bluewaters Residences Building 1Bluewaters4 B/R5,440AED 11M2,000Completed
27 Jan 2020The One JBRJumeirah Beach Residence3 B/R2,680AED 10M3,742Off-plan
22 Jan 2020Sur La MerJumeirah5 B/R6,600AED 9.91M1,501Off-plan
7 Jan 2020Sur La MerJumeirah5 B/R7,048AED 9.76M1,385Off-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 January 2020, answered

How many properties were sold in Dubai in January 2020?

2,050 residential sales were registered at the Dubai Land Department in January 2020, worth AED 3.5bn: 983 off-plan and 1,067 completed homes. That is 22% more than in January 2019, when 1,687 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 January 2020?

The dearest apartment or villa registered was an AED 25M completed five-bedroom home in the Land Department's Palm Jumeirah area — 12,306 sq ft at AED 2,032 a square foot, registered on 17 January. Next came AED 18M at Emirates Golf Club Villas, Emirates Golf Club, and AED 15M at Royal Residences Jumeirah Zabeel Saray, Palm 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 January 2020?

Arjan, with 141 registered sales, 135 of them completed homes; then Villanova (110) and Downtown Dubai (109). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,095 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.

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 Jan 2020.

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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.

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