Dubai property prices › Month by month › July 2020
The Dubai property market in July 2020
In July 2020 the Dubai Land Department registered 1,925 residential sales worth AED 3.1bn — 43% fewer than in July 2019, when it registered 3,349, and 46% less by value. Most were completed homes: 1,204, against 721 off-plan. A completed home changed hands at a median AED 1.00M, AED 728 a square foot — level with July 2019.
The month in its year
July 2020 against the twelve months before it
1,925 sales in July 2020 — the most in a month since March 2020, against 3,349 in July 2019. Off-plan was 37% of the month, against 63% a year earlier.
Completed homes
What a completed home sold for in July 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 | 121 | AED 330K | 703 |
| 1 B/R | 332 | AED 600K | 755 |
| 2 B/R | 273 | AED 947K | 826 |
| 3 B/R | 192 | AED 1.57M | 727 |
| 4 B/R | 50 | AED 2.20M | 687 |
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 July to 30 July. The busiest was 6 July: 231 sales, AED 335m.
- Off-plan
- 721 sales at a median AED 1,130 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 443 of the 1,925, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 411 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 July, 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 |
|---|---|---|---|
| Town Square | 199 | 12 | 822 |
| Jumeirah Village Circle | 161 | 109 | 612 |
| International City | 120 | 68 | 410 |
| Dubai Marina | 99 | 20 | 863 |
| Downtown Dubai | 90 | 50 | 1,136 |
| Dubai Creek Harbour (The Lagoons) | 89 | 89 | — |
| Business Bay | 81 | 32 | 971 |
| Dubai Hills Estate | 78 | 26 | 798 |
| Dubai Sports City | 71 | 10 | 657 |
| Mohammed Bin Rashid City | 51 | 45 | 1,298 |
| Palm Jumeirah | 49 | 20 | 1,027 |
| Meydan | 45 | 24 | 1,153 |
| Jumeirah Lake Towers | 39 | 7 | 758 |
| Dubai Silicon Oasis | 39 | 12 | 500 |
| Damac Hills | 38 | 18 | 686 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Motor City | 1,451 | 27 |
| Meydan | 1,153 | 21 |
| Downtown Dubai | 1,136 | 40 |
| Jumeirah Village Triangle | 1,130 | 15 |
| Palm Jumeirah | 1,027 | 29 |
| Business Bay | 971 | 49 |
| Al Furjan | 909 | 21 |
| Arjan | 866 | 19 |
| Dubai Marina | 863 | 79 |
| Greens | 858 | 11 |
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 July 2020
The 15 buildings with the most sales registered in July, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Palace ResidencesDubai Creek Harbour (The Lagoons) | 45 | all | 1,557 |
| 2 | Bloom Towers BJumeirah Village Circle | 36 | all | 1,025 |
| 3 | ParkviewsTown Square | 28 | 0 | 995 |
| 4 | Sur La MerJumeirah | 27 | all | 1,556 |
| 5 | Olivz Residence Block 1International City | 26 | all | 809 |
| 6 | Burj RoyaleDowntown Dubai | 26 | all | 1,731 |
| 7 | Sahara Meadows 2Dubai Industrial City | 24 | 0 | 331 |
| 8 | Olivz Residence Block 2International City | 24 | all | 881 |
| 9 | Summer at Creek Beach Building 2Dubai Creek Harbour (The Lagoons) | 23 | all | 1,246 |
| 10 | Noor TownhousesTown Square | 21 | 5 | — |
| 11 | Zahra Breeze Apartments 4ATown Square | 20 | 0 | 744 |
| 12 | Casa FloresMotor City | 20 | 0 | 1,458 |
| 13 | Warda Apartments 1Town Square | 19 | 0 | 800 |
| 14 | Olivz Residence Block 3International City | 17 | all | 792 |
| 15 | Hayat Boulevard 2ATown Square | 17 | 0 | 910 |
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 July 2020
The dearest was an AED 21M completed four-bedroom home in the Land Department's Palm Jumeirah area — 9,341 sq ft at AED 2,248 a square foot, registered on 7 July.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 7 Jul 2020 | Palm Jumeirah | 4 B/R | 9,341 | AED 21M | 2,248 | Completed |
| 8 Jul 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 20M | 3,739 | Off-plan |
| 1 Jul 2020 | Balqis Residences-Beach VillasPalm Jumeirah | 5 B/R | 13,913 | AED 18M | 1,294 | Off-plan |
| 6 Jul 2020 | Balqis Residence 1Palm Jumeirah | 5 B/R | 11,606 | AED 12M | 1,038 | Off-plan |
| 8 Jul 2020 | Opera GrandDowntown Dubai | 3 B/R | 2,696 | AED 11M | 4,184 | Off-plan |
| 21 Jul 2020 | Banyan Tree Residences Hillside DubaiJumeirah Lake Towers | 4 B/R | 11,371 | AED 11M | 945 | Off-plan |
| 22 Jul 2020 | Banyan Tree Residences Hillside DubaiJumeirah Lake Towers | 4 B/R | 11,324 | AED 11M | 949 | Off-plan |
| 16 Jul 2020 | Balqis Residences-Garden VillasPalm Jumeirah | 4 B/R | 8,492 | AED 11M | 1,254 | Off-plan |
| 3 Jul 2020 | Sur La MerJumeirah | 5 B/R | 7,383 | AED 9.94M | 1,346 | Off-plan |
| 3 Jul 2020 | Sur La MerJumeirah | 5 B/R | 6,354 | AED 9.89M | 1,556 | 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 July 2020, answered
How many properties were sold in Dubai in July 2020?
1,925 residential sales were registered at the Dubai Land Department in July 2020, worth AED 3.1bn: 721 off-plan and 1,204 completed homes. That is 43% fewer than in July 2019, when 3,349 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 July 2020?
The dearest apartment or villa registered was an AED 21M completed four-bedroom home in the Land Department's Palm Jumeirah area — 9,341 sq ft at AED 2,248 a square foot, registered on 7 July. Next came AED 20M at IL Primo, Downtown Dubai, and AED 18M at Balqis Residences-Beach Villas, 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 July 2020?
Town Square, with 199 registered sales, 187 of them completed homes; then Jumeirah Village Circle (161) and International City (120). The dearest, by the median price of a square foot of completed home, was Motor City at AED 1,451 across 27 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.