Dubai property prices › Month by month › June 2020
The Dubai property market in June 2020
In June 2020 the Dubai Land Department registered 1,760 residential sales worth AED 2.8bn — 2% more than in June 2019, when it registered 1,718, and 5% less by value. Most were homes not yet built: 919 off-plan against 841 completed. A completed home changed hands at a median AED 1.04M, AED 698 a square foot — 12% less a foot than in June 2019.
The month in its year
June 2020 against the twelve months before it
1,760 sales in June 2020, against 1,718 in June 2019. Off-plan was 52% of the month, against 64% a year earlier.
Completed homes
What a completed home sold for in June 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 | 82 | AED 309K | 595 |
| 1 B/R | 235 | AED 624K | 740 |
| 2 B/R | 197 | AED 900K | 787 |
| 3 B/R | 132 | AED 2.02M | 772 |
| 4 B/R | 34 | AED 2.17M | 631 |
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 June to 30 June. The busiest was 15 June: 189 sales, AED 266m.
- Off-plan
- 919 sales at a median AED 1,105 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 329 of the 1,760, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 258 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 June, 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 |
|---|---|---|---|
| Mohammed Bin Rashid City | 174 | 170 | 1,483 |
| Jumeirah Village Circle | 139 | 96 | 682 |
| Business Bay | 120 | 48 | 1,618 |
| International City | 114 | 82 | 447 |
| Dubai Hills Estate | 99 | 45 | 739 |
| Dubai Land Residence Complex | 81 | 3 | 540 |
| Dubai South (Dubai World Central) | 81 | 76 | 953 |
| Downtown Dubai | 68 | 43 | 1,364 |
| Dubai Marina | 67 | 13 | 977 |
| Town Square | 65 | 3 | 783 |
| Dubai Sports City | 57 | 21 | 550 |
| Damac Hills | 47 | 26 | 823 |
| Palm Jumeirah | 44 | 29 | 1,196 |
| Arjan | 44 | 14 | 941 |
| Jumeirah Beach Residence | 35 | 23 | 834 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Business Bay | 1,618 | 72 |
| Downtown Dubai | 1,364 | 25 |
| Palm Jumeirah | 1,196 | 15 |
| Dubai Marina | 977 | 54 |
| Arjan | 941 | 30 |
| Jumeirah Beach Residence | 834 | 12 |
| Damac Hills | 823 | 21 |
| Town Square | 783 | 62 |
| Jumeirah Lake Towers | 753 | 18 |
| Dubai Hills Estate | 739 | 54 |
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 June 2020
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Pantheon ElyseeJumeirah Village Circle | 58 | all | 1,064 |
| 2 | Noura TowerBusiness Bay | 43 | 0 | 1,696 |
| 3 | Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 13Mohammed Bin Rashid City | 34 | all | 1,705 |
| 4 | Olivz Residence Block 2International City | 32 | all | 882 |
| 5 | Olivz Residence Block 3International City | 30 | all | 802 |
| 6 | Seven PalmPalm Jumeirah | 27 | all | 1,783 |
| 7 | Parkside 2Dubai South (Dubai World Central) | 24 | all | 692 |
| 8 | Parkside 3Dubai South (Dubai World Central) | 23 | all | 690 |
| 9 | Skycourts Tower CDubai Land Residence Complex | 22 | 0 | 540 |
| 10 | Genesis by MerakiArjan | 22 | 0 | 941 |
| 11 | Skycourts Tower EDubai Land Residence Complex | 21 | 0 | 540 |
| 12 | GrandeDowntown Dubai | 20 | all | 2,700 |
| 13 | Jumeirah Gate Tower 1Jumeirah Beach Residence | 19 | all | 2,169 |
| 14 | Merano TowerBusiness Bay | 19 | 1 | — |
| 15 | Olivz Residence Block 1International City | 19 | all | 798 |
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 June 2020
The dearest was an AED 30M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 7,346 sq ft at AED 4,087 a square foot, registered on 25 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 25 Jun 2020 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 7,346 | AED 30M | 4,087 | Off-plan |
| 18 Jun 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 19M | 3,721 | Off-plan |
| 15 Jun 2020 | Bluewaters Residences Building 4Bluewaters | 4 B/R | 6,532 | AED 13M | 2,000 | Completed |
| 22 Jun 2020 | The One JBRJumeirah Beach Residence | 3 B/R | 3,378 | AED 12M | 3,416 | Off-plan |
| 22 Jun 2020 | Sur La MerJumeirah | 5 B/R | 6,168 | AED 9.68M | 1,569 | Off-plan |
| 16 Jun 2020 | GrandeDowntown Dubai | 3 B/R | 2,149 | AED 7.20M | 3,353 | Off-plan |
| 22 Jun 2020 | Opera GrandDowntown Dubai | 2 B/R | 1,647 | AED 6.52M | 3,958 | Off-plan |
| 8 Jun 2020 | The One JBRJumeirah Beach Residence | 3 B/R | 2,603 | AED 6.42M | 2,468 | Off-plan |
| 23 Jun 2020 | Le Pont Building 2Jumeirah | 4 B/R | 2,628 | AED 6.40M | 2,435 | Off-plan |
| 2 Jun 2020 | Kempinski Palm ResidencePalm Jumeirah | 4 B/R | 4,924 | AED 6.40M | 1,300 | 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 June 2020, answered
How many properties were sold in Dubai in June 2020?
1,760 residential sales were registered at the Dubai Land Department in June 2020, worth AED 2.8bn: 919 off-plan and 841 completed homes. That is 2% more than in June 2019, when 1,718 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 June 2020?
The dearest apartment or villa registered was an AED 30M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 7,346 sq ft at AED 4,087 a square foot, registered on 25 June. Next came AED 19M at IL Primo, Downtown Dubai, and AED 13M at Bluewaters Residences Building 4, Bluewaters. 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 June 2020?
Mohammed Bin Rashid City, with 174 registered sales, almost all of them off-plan; then Jumeirah Village Circle (139) and Business Bay (120). The dearest, by the median price of a square foot of completed home, was Business Bay at AED 1,618 across 72 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.