Dubai property prices › Month by month › April 2020
The Dubai property market in April 2020
In April 2020 the Dubai Land Department registered 1,328 residential sales worth AED 2.5bn — 46% fewer than in April 2019, when it registered 2,470, and 34% less by value. Most were homes not yet built: 1,062 off-plan against 266 completed. A completed home changed hands at a median AED 1.53M, AED 883 a square foot — 17% more a foot than in April 2019.
The month in its year
April 2020 against the twelve months before it
1,328 sales in April 2020 — the fewest in a month since August 2018, against 2,470 in April 2019. Off-plan was 80% of the month, against 60% a year earlier.
Completed homes
What a completed home sold for in April 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.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 23 | AED 372K | 804 |
| 1 B/R | 57 | AED 745K | 937 |
| 2 B/R | 63 | AED 1.22M | 991 |
| 3 B/R | 37 | AED 1.99M | 961 |
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, 1 April to 30 April. The busiest was 20 April: 162 sales, AED 295m.
- Off-plan
- 1,062 sales at a median AED 1,382 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 220 of the 1,328, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 131 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 April, 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 |
|---|---|---|---|
| Umm Suqeim | 101 | 101 | — |
| Dubai Creek Harbour (The Lagoons) | 100 | 100 | — |
| Villanova | 99 | 98 | 649 |
| Jumeirah Village Circle | 84 | 72 | 860 |
| Jumeirah Beach Residence | 81 | 78 | 831 |
| Arjan | 67 | 62 | 951 |
| Downtown Dubai | 65 | 59 | 1,622 |
| Mohammed Bin Rashid City | 56 | 54 | 1,291 |
| Dubai Hills Estate | 49 | 34 | 995 |
| Dubai Harbour | 49 | 49 | — |
| International City | 42 | 35 | 444 |
| Jumeirah | 41 | 41 | — |
| Palm Jumeirah | 40 | 21 | 1,226 |
| Business Bay | 37 | 28 | 882 |
| Dubai South (Dubai World Central) | 30 | 23 | 797 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,029 | 12 |
| Dubai Marina | 1,264 | 10 |
| Palm Jumeirah | 1,226 | 19 |
| Town Square | 995 | 13 |
| Dubai Hills Estate | 995 | 15 |
| Damac Hills | 951 | 11 |
| Jumeirah Village Circle | 860 | 12 |
| Mudon | 716 | 19 |
| Dubai Land | 654 | 16 |
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 April 2020
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | La VieJumeirah Beach Residence | 74 | all | 1,803 |
| 2 | La Rosa 2Villanova | 51 | all | 700 |
| 3 | Vincitore Benessere 2Arjan | 49 | all | 1,307 |
| 4 | Rahaal 2Umm Suqeim | 38 | all | 1,609 |
| 5 | Marina Vista Tower 1Dubai Harbour | 33 | all | 2,137 |
| 6 | Blue Waves TowerDubai Land Residence Complex | 29 | all | 860 |
| 7 | Rahaal 1Umm Suqeim | 25 | all | 1,628 |
| 8 | Signature Livings NorthJumeirah Village Circle | 24 | all | 1,153 |
| 9 | Casa VivaSerena | 21 | all | 643 |
| 10 | Creek Edge Tower 2Dubai Creek Harbour (The Lagoons) | 20 | all | 1,458 |
| 11 | Olivz Residence Block 2International City | 19 | all | 883 |
| 12 | GrandeDowntown Dubai | 18 | all | 3,202 |
| 13 | Seven PalmPalm Jumeirah | 18 | all | 1,738 |
| 14 | AmarantaVillanova | 17 | 16 | — |
| 15 | Lamtara 3Umm Suqeim | 17 | all | 1,641 |
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 April 2020
The dearest was an AED 40M completed four-bedroom home at Serenia Residences Building A, Palm Jumeirah — 15,127 sq ft at AED 2,644 a square foot, registered on 21 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 21 Apr 2020 | Serenia Residences Building APalm Jumeirah | 4 B/R | 15,127 | AED 40M | 2,644 | Completed |
| 30 Apr 2020 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 17,520 | AED 29M | 1,676 | Completed |
| 16 Apr 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 21M | 3,879 | Off-plan |
| 16 Apr 2020 | Bluewaters Residences Building 6Bluewaters | 5 B/R | 9,232 | AED 19M | 2,015 | Completed |
| 16 Apr 2020 | Bluewaters Residences Building 4Bluewaters | 4 B/R | 6,885 | AED 15M | 2,176 | Completed |
| 16 Apr 2020 | Bluewaters Residences Building 1Bluewaters | 4 B/R | 6,354 | AED 13M | 2,045 | Completed |
| 30 Apr 2020 | Opera GrandDowntown Dubai | 4 B/R | 3,057 | AED 13M | 4,237 | Off-plan |
| 6 Apr 2020 | The One JBRJumeirah Beach Residence | 4 B/R | 3,780 | AED 13M | 3,418 | Off-plan |
| 8 Apr 2020 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,762 | AED 12M | 3,293 | Off-plan |
| 7 Apr 2020 | Serenia Residences Building BPalm Jumeirah | 3 B/R | 5,773 | AED 12M | 2,079 | 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 April 2020, answered
How many properties were sold in Dubai in April 2020?
1,328 residential sales were registered at the Dubai Land Department in April 2020, worth AED 2.5bn: 1,062 off-plan and 266 completed homes. That is 46% fewer than in April 2019, when 2,470 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 April 2020?
The dearest apartment or villa registered was an AED 40M completed four-bedroom home at Serenia Residences Building A, Palm Jumeirah — 15,127 sq ft at AED 2,644 a square foot, registered on 21 April. Next came AED 29M at Emirates Golf Club Villas, Emirates Golf Club, and AED 21M at IL Primo, 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 April 2020?
Umm Suqeim, with 101 registered sales, almost all of them off-plan; then Dubai Creek Harbour (The Lagoons) (100) and Villanova (99). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,029 across 12 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.