McCone Properties
WhatsApp
Menu

Dubai property prices › Month by month › November 2020

The Dubai property market in November 2020

In November 2020 the Dubai Land Department registered 2,853 residential sales worth AED 4.6bn — 13% more than in November 2019, when it registered 2,521, and 7% more by value. Most were completed homes: 1,546, against 1,307 off-plan. A completed home changed hands at a median AED 1.21M, AED 700 a square foot — 9% less a foot than in November 2019.

Sales registered
2,853
+13% on November 2019 (2,521)
Value
AED 4.6bn
+7% on November 2019 (AED 4.3bn)
Off-plan
1,307
46% of the month · 1,546 completed
Completed homes, median
AED 700
per sq ft · AED 1.21M a home · −9% on November 2019

The month in its year

November 2020 against the twelve months before it

Residential sales registered, by monthOff-planResale2,853 in November 2020
2,521
2,853
NDJ2020FMAMJJASON

2,853 sales in November 2020, against 2,521 in November 2019. Off-plan was 46% of the month, against 54% a year earlier.

Completed homes

What a completed home sold for in November 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.

LayoutSalesMedian priceAED/sqft
Studio169AED 315K700
1 B/R400AED 607K671
2 B/R338AED 1.18M765
3 B/R281AED 1.85M778
4 B/R74AED 2.45M764

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, 2 November to 30 November. The busiest was 23 November: 272 sales, AED 421m.
Off-plan
1,307 sales at a median AED 1,037 a square foot — its own line, never blended into the completed-home medians.
Villas
793 of the 2,853, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
329 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 November, 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 communitySalesOff-planCompleted AED/sqft
Tilal Al Ghaf292292—
Business Bay213971,030
Jumeirah Village Circle172102575
Town Square16066656
Downtown Dubai160961,159
Dubai Hills Estate12973878
Dubai Marina1101944
Mohammed Bin Rashid City103891,444
Palm Jumeirah10153925
Jumeirah Lake Towers9948714
International City7916405
Damac Hills678804
Dubai Creek Harbour (The Lagoons)61541,106
Dubai Sports City5620498
Arjan4913778
Dearest communityAED/sqftResales
Mohammed Bin Rashid City1,44414
Downtown Dubai1,15964
Business Bay1,030116
Meydan98916
The Views96015
Dubai Marina944109
Palm Jumeirah92548
Jumeirah Beach Residence88134
Dubai Hills Estate87856
Damac Hills80459

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 November 2020

The 15 buildings with the most sales registered in November, each linking its own recorded history.

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 November 2020

The dearest was an AED 21M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,844 a square foot, registered on 24 November.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
24 Nov 2020IL PrimoDowntown Dubai4 B/R5,333AED 21M3,844Off-plan
16 Nov 2020IL PrimoDowntown Dubai4 B/R5,212AED 20M3,915Off-plan
3 Nov 2020IL PrimoDowntown Dubai4 B/R5,333AED 19M3,543Off-plan
23 Nov 2020Palm Jumeirah3 B/R4,829AED 15M3,003Completed
30 Nov 2020Burj KhalifaDowntown Dubai4 B/R7,161AED 14M1,983Completed
16 Nov 2020Serenia Residences Building BPalm Jumeirah3 B/R4,877AED 14M2,871Completed
23 Nov 2020Bluewaters Residences Building 5Bluewaters4 B/R6,581AED 13M1,990Completed
5 Nov 2020Bluewaters Residences Building 4Bluewaters4 B/R6,464AED 13M1,984Completed
26 Nov 2020Dubai Creek Residences South Tower 3Dubai Creek Harbour (The Lagoons)6 B/R6,866AED 11M1,569Off-plan
30 Nov 2020Le ReveDubai Marina4 B/R6,298AED 10M1,647Completed

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 November 2020, answered

How many properties were sold in Dubai in November 2020?

2,853 residential sales were registered at the Dubai Land Department in November 2020, worth AED 4.6bn: 1,307 off-plan and 1,546 completed homes. That is 13% more than in November 2019, when 2,521 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 November 2020?

The dearest apartment or villa registered was an AED 21M off-plan four-bedroom home at IL Primo, Downtown Dubai — 5,333 sq ft at AED 3,844 a square foot, registered on 24 November. 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 November 2020?

Tilal Al Ghaf, with 292 registered sales, almost all of them off-plan; then Business Bay (213) and Jumeirah Village Circle (172). The dearest, by the median price of a square foot of completed home, was Mohammed Bin Rashid City at AED 1,444 across 14 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.

Where these numbers come from. Every figure on this page is drawn from the Dubai Land Department’s transaction register, read directly from the Dubai Data Exchange. It is what buyers actually paid, recorded at transfer — not asking prices, not valuations, not our own estimates. Mortgage registrations, gift transfers, rent-to-own contracts and developers’ own filings are all excluded; none of them is a price a buyer paid. Medians are used rather than averages so one unusual sale cannot move the number. Data through 30 Nov 2020.

Talk to us

What is yours worth this month?

We read this register every day. Tell us the building and the unit and we will tell you what the last comparable sold for, and what this month's sales say about yours.

WhatsAppCall

No mailing lists. One person calls you back. Privacy policy