Dubai property prices › Month by month › March 2021
The Dubai property market in March 2021
In March 2021 the Dubai Land Department registered 3,815 residential sales worth AED 7.0bn — 54% more than in March 2020, when it registered 2,479, and 69% more by value. Most were completed homes: 2,242, against 1,573 off-plan. A completed home changed hands at a median AED 1.33M, AED 820 a square foot — 6% more a foot than in March 2020.
The month in its year
March 2021 against the twelve months before it
3,815 sales in March 2021 — the most in a month since October 2019, against 2,479 in March 2020. Off-plan was 41% of the month, against 54% a year earlier.
Completed homes
What a completed home sold for in March 2021
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 | 258 | AED 345K | 741 |
| 1 B/R | 541 | AED 685K | 871 |
| 2 B/R | 522 | AED 1.32M | 876 |
| 3 B/R | 399 | AED 2.05M | 825 |
| 4 B/R | 112 | AED 2.86M | 947 |
| 5 B/R | 16 | AED 3.50M | 1,064 |
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
- 23, 1 March to 31 March. The busiest was 29 March: 433 sales, AED 739m.
- Off-plan
- 1,573 sales at a median AED 1,075 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 821 of the 3,815, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 667 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 March, 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 | 286 | 137 | 699 |
| Mohammed Bin Rashid City | 265 | 254 | 1,387 |
| Business Bay | 256 | 95 | 1,090 |
| Jumeirah Lake Towers | 241 | 179 | 824 |
| Dubai Marina | 237 | 11 | 1,085 |
| Dubai Hills Estate | 225 | 59 | 995 |
| Palm Jumeirah | 172 | 95 | 1,148 |
| Downtown Dubai | 149 | 48 | 1,271 |
| Town Square | 129 | 6 | 775 |
| Damac Hills | 110 | 11 | 910 |
| Jumeirah Beach Residence | 93 | 51 | 969 |
| International City | 90 | 25 | 407 |
| Dubai Harbour | 81 | 81 | — |
| Al Jaddaf | 81 | 73 | 714 |
| Arjan | 79 | 60 | 807 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,218 | 11 |
| Dubai Creek Harbour (The Lagoons) | 1,999 | 10 |
| Mohammed Bin Rashid City | 1,387 | 11 |
| Jumeirah Golf Estates | 1,308 | 23 |
| Downtown Dubai | 1,271 | 101 |
| Meydan | 1,214 | 29 |
| Palm Jumeirah | 1,148 | 77 |
| Al Barsha | 1,102 | 21 |
| Business Bay | 1,090 | 161 |
| Dubai Marina | 1,085 | 226 |
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 March 2021
The 15 buildings with the most sales registered in March, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Golf Views Seven CityJumeirah Lake Towers | 148 | all | 1,006 |
| 2 | MAG 980Mohammed Bin Rashid City | 108 | all | 1,052 |
| 3 | Seven PalmPalm Jumeirah | 70 | all | 1,662 |
| 4 | Binghatti AvenueAl Jaddaf | 67 | all | 828 |
| 5 | Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 8Mohammed Bin Rashid City | 66 | all | 1,553 |
| 6 | Elite Business Bay ResidenceBusiness Bay | 54 | 0 | 1,053 |
| 7 | Jumeirah Gate Tower 1Jumeirah Beach Residence | 50 | all | 2,266 |
| 8 | Azizi Shaista ResidencesAl Furjan | 49 | all | 869 |
| 9 | Joya Blanca ResidencesArjan | 47 | all | 805 |
| 10 | Parkside 3Dubai South (Dubai World Central) | 39 | all | 704 |
| 11 | BLOOM TOWERS AJumeirah Village Circle | 36 | 35 | — |
| 12 | Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 11Mohammed Bin Rashid City | 33 | all | 1,804 |
| 13 | Noura TowerBusiness Bay | 33 | 0 | 1,219 |
| 14 | Park Residence 1Damac Hills | 33 | 0 | 964 |
| 15 | MBL ResidenceJumeirah Lake Towers | 31 | all | 1,030 |
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 March 2021
The dearest was an AED 43M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 8,291 sq ft at AED 5,186 a square foot, registered on 16 March.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 16 Mar 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 8,291 | AED 43M | 5,186 | Off-plan |
| 18 Mar 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 9,880 | AED 40M | 4,049 | Off-plan |
| 31 Mar 2021 | The Crescent W ResidencesPalm Jumeirah | 3 B/R | 7,028 | AED 23M | 3,304 | Off-plan |
| 12 Mar 2021 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 3,830 | AED 22M | 5,744 | Off-plan |
| 18 Mar 2021 | Atlantis The Royal ResidencesPalm Jumeirah | 3 B/R | 4,326 | AED 22M | 4,970 | Off-plan |
| 29 Mar 2021 | Palme Couture ResidencesPalm Jumeirah | 4 B/R | 7,448 | AED 21M | 2,873 | Completed |
| 29 Mar 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 6,974 | AED 20M | 2,916 | Off-plan |
| 4 Mar 2021 | Palme Couture ResidencesPalm Jumeirah | 3 B/R | 4,917 | AED 20M | 4,067 | Completed |
| 4 Mar 2021 | Palme Couture ResidencesPalm Jumeirah | 3 B/R | 4,936 | AED 18M | 3,647 | Completed |
| 29 Mar 2021 | The Crescent W ResidencesPalm Jumeirah | 3 B/R | 6,264 | AED 18M | 2,826 | 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 March 2021, answered
How many properties were sold in Dubai in March 2021?
3,815 residential sales were registered at the Dubai Land Department in March 2021, worth AED 7.0bn: 1,573 off-plan and 2,242 completed homes. That is 54% more than in March 2020, when 2,479 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 March 2021?
The dearest apartment or villa registered was an AED 43M off-plan four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 8,291 sq ft at AED 5,186 a square foot, registered on 16 March. Next came AED 40M at One at Palm Jumeirah, Palm Jumeirah, and AED 23M at The Crescent W Residences, 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 March 2021?
Jumeirah Village Circle, with 286 registered sales, 149 of them completed homes; then Mohammed Bin Rashid City (265) and Business Bay (256). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,218 across 11 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.