Dubai property prices › Month by month › August 2020
The Dubai property market in August 2020
In August 2020 the Dubai Land Department registered 1,732 residential sales worth AED 2.7bn — 5% fewer than in August 2019, when it registered 1,818, and 2% less by value. Most were completed homes: 1,231, against 501 off-plan. A completed home changed hands at a median AED 1.04M, AED 729 a square foot — 4% more a foot than in August 2019.
The month in its year
August 2020 against the twelve months before it
1,732 sales in August 2020, against 1,818 in August 2019. Off-plan was 29% of the month, against 53% a year earlier.
Completed homes
What a completed home sold for in August 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 | 152 | AED 325K | 696 |
| 1 B/R | 348 | AED 672K | 834 |
| 2 B/R | 288 | AED 1.07M | 836 |
| 3 B/R | 181 | AED 1.60M | 705 |
| 4 B/R | 54 | AED 2.17M | 827 |
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
- 21, 3 August to 31 August. The busiest was 31 August: 223 sales, AED 355m.
- Off-plan
- 501 sales at a median AED 1,178 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 365 of the 1,732, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 393 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 August, 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 | 189 | 23 | 944 |
| Jumeirah Village Circle | 118 | 60 | 749 |
| Dubai Marina | 96 | 11 | 990 |
| Dubai Hills Estate | 82 | 34 | 789 |
| Palm Jumeirah | 75 | 40 | 1,085 |
| Downtown Dubai | 72 | 16 | 1,219 |
| International City | 72 | 10 | 420 |
| Dubai Sports City | 68 | 7 | 460 |
| Jumeirah Lake Towers | 64 | 19 | 688 |
| Arjan | 56 | 38 | 848 |
| Business Bay | 55 | 16 | 922 |
| Dubai Land Residence Complex | 54 | 3 | 1,003 |
| Meydan | 43 | 26 | 1,129 |
| Dubai Silicon Oasis | 39 | 14 | 505 |
| Jumeirah Beach Residence | 35 | 4 | 789 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Downtown Dubai | 1,219 | 56 |
| Motor City | 1,199 | 25 |
| Meydan | 1,129 | 17 |
| Palm Jumeirah | 1,085 | 35 |
| Dubai Land Residence Complex | 1,003 | 51 |
| Dubai Marina | 990 | 85 |
| Town Square | 944 | 166 |
| Business Bay | 922 | 39 |
| Arjan | 848 | 18 |
| Greens | 793 | 20 |
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 August 2020
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | ParksideTown Square | 50 | 0 | 1,022 |
| 2 | ParkviewsTown Square | 36 | 0 | 981 |
| 3 | Seven PalmPalm Jumeirah | 35 | all | 1,838 |
| 4 | Samana HillsArjan | 31 | all | 1,172 |
| 5 | Living Garden 2Jumeirah Village Circle | 26 | all | 718 |
| 6 | Noor TownhousesTown Square | 21 | 6 | — |
| 7 | Skycourts Tower CDubai Land Residence Complex | 17 | 0 | 1,030 |
| 8 | Casa FamiliaMotor City | 15 | 0 | 1,433 |
| 9 | MBL ResidenceJumeirah Lake Towers | 14 | all | 1,248 |
| 10 | Arabian GateDubai Silicon Oasis | 14 | all | 698 |
| 11 | Collective Tower 2Dubai Hills Estate | 12 | all | 1,706 |
| 12 | Laya MansionJumeirah Village Circle | 12 | 0 | 945 |
| 13 | Stadium PointDubai Sports City | 12 | 0 | 402 |
| 14 | Casa DoraSerena | 12 | 0 | 565 |
| 15 | Pantheon ElyseeJumeirah Village Circle | 11 | all | 1,059 |
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 August 2020
The dearest was an AED 23M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 7,517 sq ft at AED 3,060 a square foot, registered on 26 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 26 Aug 2020 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 7,517 | AED 23M | 3,060 | Off-plan |
| 12 Aug 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 20M | 3,924 | Off-plan |
| 25 Aug 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,333 | AED 19M | 3,586 | Off-plan |
| 31 Aug 2020 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 18,793 | AED 17M | 918 | Completed |
| 12 Aug 2020 | VolanteBusiness Bay | 2 B/R | 5,043 | AED 15M | 2,974 | Completed |
| 12 Aug 2020 | Palme Couture ResidencesPalm Jumeirah | 3 B/R | 4,937 | AED 15M | 2,937 | Completed |
| 31 Aug 2020 | Serenia Residences Building BPalm Jumeirah | 3 B/R | 5,520 | AED 13M | 2,355 | Completed |
| 13 Aug 2020 | BV Residences 5Jumeirah Bay Island | 3 B/R | 2,698 | AED 11M | 4,029 | Completed |
| 21 Aug 2020 | Sur La MerJumeirah | 5 B/R | 8,361 | AED 9.85M | 1,178 | Off-plan |
| 31 Aug 2020 | Oceana PacificPalm Jumeirah | 4 B/R | 5,304 | AED 9.50M | 1,791 | 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 August 2020, answered
How many properties were sold in Dubai in August 2020?
1,732 residential sales were registered at the Dubai Land Department in August 2020, worth AED 2.7bn: 501 off-plan and 1,231 completed homes. That is 5% fewer than in August 2019, when 1,818 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 August 2020?
The dearest apartment or villa registered was an AED 23M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 7,517 sq ft at AED 3,060 a square foot, registered on 26 August. Next came AED 20M at IL Primo, Downtown Dubai, and AED 19M 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 August 2020?
Town Square, with 189 registered sales, 166 of them completed homes; then Jumeirah Village Circle (118) and Dubai Marina (96). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,219 across 56 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.