Dubai property prices › Month by month › September 2020
The Dubai property market in September 2020
In September 2020 the Dubai Land Department registered 2,426 residential sales worth AED 3.8bn — 6% fewer than in September 2019, when it registered 2,572, and 6% more by value. Most were completed homes: 1,481, against 945 off-plan. A completed home changed hands at a median AED 1.00M, AED 673 a square foot — 6% less a foot than in September 2019.
The month in its year
September 2020 against the twelve months before it
2,426 sales in September 2020 — the most in a month since March 2020, against 2,572 in September 2019. Off-plan was 39% of the month, against 65% a year earlier.
Completed homes
What a completed home sold for in September 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 | 171 | AED 300K | 628 |
| 1 B/R | 441 | AED 622K | 726 |
| 2 B/R | 311 | AED 1.05M | 771 |
| 3 B/R | 229 | AED 1.52M | 674 |
| 4 B/R | 60 | AED 2.12M | 682 |
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 September to 30 September. The busiest was 28 September: 323 sales, AED 680m.
- Off-plan
- 945 sales at a median AED 1,219 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 546 of the 2,426, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 375 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 September, 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 |
|---|---|---|---|
| Jumeirah Village Circle | 225 | 112 | 555 |
| Mohammed Bin Rashid City | 163 | 154 | 1,498 |
| Town Square | 133 | 19 | 853 |
| Business Bay | 127 | 49 | 1,201 |
| Dubai Marina | 120 | 7 | 955 |
| International City | 113 | 42 | 422 |
| Downtown Dubai | 104 | 40 | 1,178 |
| Dubai Creek Harbour (The Lagoons) | 93 | 83 | 1,202 |
| Palm Jumeirah | 92 | 58 | 815 |
| Dubai Sports City | 87 | 11 | 456 |
| Jumeirah Lake Towers | 84 | 35 | 687 |
| Dubai Hills Estate | 72 | 31 | 789 |
| Damac Hills | 68 | 11 | 639 |
| Arjan | 64 | 29 | 884 |
| Arabian Ranches 3 | 58 | 58 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Dubai Creek Harbour (The Lagoons) | 1,202 | 10 |
| Business Bay | 1,201 | 78 |
| Downtown Dubai | 1,178 | 64 |
| Dubai Marina | 955 | 113 |
| The Views | 913 | 17 |
| Meydan | 911 | 24 |
| Arjan | 884 | 35 |
| Town Square | 853 | 114 |
| Palm Jumeirah | 815 | 34 |
| Jumeirah Beach Residence | 800 | 28 |
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 September 2020
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Sobha Hartland Greens - Phase III - 2Mohammed Bin Rashid City | 73 | all | 1,544 |
| 2 | Seven PalmPalm Jumeirah | 57 | all | 1,761 |
| 3 | Plaza Residences 2Jumeirah Village Circle | 39 | 0 | 555 |
| 4 | Signature Livings SouthJumeirah Village Circle | 36 | all | 1,111 |
| 5 | ParksideTown Square | 35 | 0 | 989 |
| 6 | Golf Views Seven CityJumeirah Lake Towers | 34 | all | 966 |
| 7 | Signature Livings NorthJumeirah Village Circle | 34 | all | 1,118 |
| 8 | Sobha Hartland Greens - Phase III - 1Mohammed Bin Rashid City | 31 | all | 1,505 |
| 9 | SunArabian Ranches 3 | 30 | all | 895 |
| 10 | Noor TownhousesTown Square | 25 | 3 | — |
| 11 | ElanTilal Al Ghaf | 25 | all | 891 |
| 12 | JoyArabian Ranches 3 | 24 | all | 937 |
| 13 | Palace ResidencesDubai Creek Harbour (The Lagoons) | 21 | all | 1,685 |
| 14 | Olivz Residence Block 3International City | 21 | all | 819 |
| 15 | MAG 318Business Bay | 19 | all | 1,815 |
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 September 2020
The dearest was an AED 59M off-plan six-bedroom home at IL Primo, Downtown Dubai — 16,885 sq ft at AED 3,474 a square foot, registered on 14 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 14 Sept 2020 | IL PrimoDowntown Dubai | 6 B/R | 16,885 | AED 59M | 3,474 | Off-plan |
| 8 Sept 2020 | VolanteBusiness Bay | 5 B/R | 10,805 | AED 35M | 3,239 | Completed |
| 24 Sept 2020 | World Islands | 5 B/R | 14,070 | AED 19M | 1,350 | Off-plan |
| 1 Sept 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 18M | 3,455 | Off-plan |
| 3 Sept 2020 | Royal Residences Jumeirah Zabeel SarayPalm Jumeirah | 4 B/R | 4,694 | AED 17M | 3,622 | Completed |
| 28 Sept 2020 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 3,541 | AED 12M | 3,299 | Off-plan |
| 24 Sept 2020 | Opera GrandDowntown Dubai | 3 B/R | 2,696 | AED 11M | 4,204 | Off-plan |
| 7 Sept 2020 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 11M | 2,025 | Off-plan |
| 14 Sept 2020 | BV Residences 3Jumeirah Bay Island | 3 B/R | 2,698 | AED 9.05M | 3,354 | Completed |
| 14 Sept 2020 | Burj KhalifaDowntown Dubai | 3 B/R | 2,923 | AED 8.73M | 2,985 | 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 September 2020, answered
How many properties were sold in Dubai in September 2020?
2,426 residential sales were registered at the Dubai Land Department in September 2020, worth AED 3.8bn: 945 off-plan and 1,481 completed homes. That is 6% fewer than in September 2019, when 2,572 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 September 2020?
The dearest apartment or villa registered was an AED 59M off-plan six-bedroom home at IL Primo, Downtown Dubai — 16,885 sq ft at AED 3,474 a square foot, registered on 14 September. Next came AED 35M at Volante, Business Bay, and AED 19M in the Land Department's World Islands area. 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 September 2020?
Jumeirah Village Circle, with 225 registered sales, 113 of them completed homes; then Mohammed Bin Rashid City (163) and Town Square (133). The dearest, by the median price of a square foot of completed home, was Dubai Creek Harbour (The Lagoons) at AED 1,202 across 10 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.