Dubai property prices › Month by month › December 2020

The Dubai property market in December 2020

In December 2020 the Dubai Land Department registered 2,798 residential sales worth AED 4.8bn — 21% fewer than in December 2019, when it registered 3,548, and 27% less by value. Most were completed homes: 1,711, against 1,087 off-plan. A completed home changed hands at a median AED 1.25M, AED 753 a square foot — 11% less a foot than in December 2019.

Sales registered

2,798

−21% on December 2019 (3,548)

Value

AED 4.8bn

−27% on December 2019 (AED 6.5bn)

Off-plan

1,087

39% of the month · 1,711 completed

Completed homes, median

AED 753

per sq ft · AED 1.25M a home · −11% on December 2019

The month in its year

December 2020 against the twelve months before it

Residential sales registered, by monthOff-planResale2,798 in December 2020

3,548

2,050

3,108

2,479

1,328

1,057

1,760

1,925

1,732

2,426

3,008

2,853

2,798

DDec2019JJan2020FFeb2020MMar2020AApr2020MMay2020JJun2020JJul2020AAug2020SSep2020OOct2020NNov2020DDec2020

2,798 sales in December 2020, against 3,548 in December 2019. Off-plan was 39% of the month, against 67% a year earlier.

Completed homes

What a completed home sold for in December 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	159	AED 350K	776
1 B/R	479	AED 635K	710
2 B/R	390	AED 1.17M	808
3 B/R	319	AED 2.25M	833
4 B/R	85	AED 2.42M	775

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 December to 31 December. The busiest was 21 December: 331 sales, AED 463m.
Off-plan: 1,087 sales at a median AED 1,087 a square foot — its own line, never blended into the completed-home medians.
Villas: 602 of the 2,798, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans: 419 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 December, 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	242	144	671
Business Bay	234	113	1,150
Town Square	163	81	656
Arjan	159	33	697
Dubai Marina	153	8	1,020
Mohammed Bin Rashid City	145	138	1,536
Downtown Dubai	93	33	1,333
Jumeirah Lake Towers	89	30	716
Dubai Sports City	77	5	570
Al Jaddaf	75	72	726
Damac Hills	71	6	794
Al Barsha	71	70	588
Palm Jumeirah	71	22	1,070
Dubai Hills Estate	61	9	829
International City	60	17	416

Dearest community	AED/sqft	Resales
Bluewaters	2,068	20
Downtown Dubai	1,333	60
Business Bay	1,150	121
Palm Jumeirah	1,070	49
Dubai Marina	1,020	145
Meydan	1,000	24
Jumeirah Beach Residence	902	32
Dubai Land Residence Complex	847	12
Dubai Hills Estate	829	52
Damac Hills	794	65

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 December 2020

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

	Building	Sales	Off-plan	AED/sqft
1	MAG 318Business Bay	71	69	—
2	Bella RoseAl Barsha	70	all	1,150
3	Una Apartments BTown Square	70	all	1,287
4	The Wings Block CArjan	60	0	679
5	Samana Golf AvenueDubai Studio City	55	all	1,069
6	The Wings Block BArjan	50	0	716
7	Binghatti AvenueAl Jaddaf	43	all	798
8	Camelia 2Arabian Ranches 2	37	all	733
9	Elite Business Bay ResidenceBusiness Bay	35	1	—
10	ElanTilal Al Ghaf	33	all	840
11	Pantheon ElyseeJumeirah Village Circle	32	all	971
12	Samana HillsArjan	30	all	1,179
13	Binghatti GatewayAl Jaddaf	27	all	779
14	MAG 980Mohammed Bin Rashid City	25	all	1,271
15	Grand Bleu Tower 1Dubai Harbour	25	all	2,205

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 December 2020

The dearest was an AED 16M completed five-bedroom home at Emirates Crown, Dubai Marina — 7,686 sq ft at AED 2,082 a square foot, registered on 14 December.

Registered	Home	Layout	Sq ft	Price	AED/sqft	Sold
14 Dec 2020	Emirates CrownDubai Marina	5 B/R	7,686	AED 16M	2,082	Completed
22 Dec 2020	Bluewaters Residences Building 5Bluewaters	4 B/R	6,927	AED 14M	2,067	Completed
24 Dec 2020	Jumeirah Living Marina GateDubai Marina	4 B/R	6,399	AED 14M	2,208	Completed
24 Dec 2020	Jumeirah Living Marina GateDubai Marina	4 B/R	6,396	AED 14M	2,191	Completed
22 Dec 2020	Bluewaters Residences Building 5Bluewaters	4 B/R	6,312	AED 14M	2,188	Completed
28 Dec 2020	Bluewaters Residences Building 4Bluewaters	4 B/R	6,312	AED 13M	2,090	Completed
28 Dec 2020	Bluewaters Residences Building 1Bluewaters	4 B/R	6,455	AED 13M	1,991	Completed
28 Dec 2020	Bluewaters Residences Building 3Bluewaters	4 B/R	6,300	AED 13M	1,998	Completed
29 Dec 2020	The One JBRJumeirah Beach Residence	3 B/R	2,731	AED 9.70M	3,552	Completed
29 Dec 2020	Le Pont Building 2Jumeirah	4 B/R	4,678	AED 9.44M	2,019	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 December 2020, answered

How many properties were sold in Dubai in December 2020?

2,798 residential sales were registered at the Dubai Land Department in December 2020, worth AED 4.8bn: 1,087 off-plan and 1,711 completed homes. That is 21% fewer than in December 2019, when 3,548 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 December 2020?

The dearest apartment or villa registered was an AED 16M completed five-bedroom home at Emirates Crown, Dubai Marina — 7,686 sq ft at AED 2,082 a square foot, registered on 14 December. Next came AED 14M at Bluewaters Residences Building 5, Bluewaters, and AED 14M at Jumeirah Living Marina Gate, Dubai Marina. 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 December 2020?

Jumeirah Village Circle, with 242 registered sales, 144 of them off-plan; then Business Bay (234) and Town Square (163). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,068 across 20 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 31 Dec 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.

WhatsApp Call