Dubai property prices › Month by month › May 2021
The Dubai property market in May 2021
In May 2021 the Dubai Land Department registered 3,589 residential sales worth AED 7.3bn — 240% more than in May 2020, when it registered 1,057, and 367% more by value. Most were completed homes: 2,070, against 1,519 off-plan. A completed home changed hands at a median AED 1.50M, AED 894 a square foot — 18% more a foot than in May 2020.
The month in its year
May 2021 against the twelve months before it
3,589 sales in May 2021, against 1,057 in May 2020. Off-plan was 42% of the month, against 66% a year earlier.
Completed homes
What a completed home sold for in May 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 | 223 | AED 400K | 860 |
| 1 B/R | 491 | AED 800K | 944 |
| 2 B/R | 486 | AED 1.39M | 985 |
| 3 B/R | 322 | AED 1.98M | 825 |
| 4 B/R | 108 | AED 2.71M | 845 |
| 5 B/R | 15 | AED 3.25M | 1,004 |
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
- 18, 3 May to 31 May. The busiest was 24 May: 407 sales, AED 1.0bn.
- Off-plan
- 1,519 sales at a median AED 1,025 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 658 of the 3,589, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 622 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 May, 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 | 337 | 259 | 707 |
| Jumeirah Lake Towers | 287 | 211 | 880 |
| Dubai Marina | 244 | 10 | 1,207 |
| Dubai Hills Estate | 212 | 54 | 1,015 |
| Mohammed Bin Rashid City | 192 | 151 | 1,536 |
| Downtown Dubai | 156 | 69 | 1,513 |
| Damac Hills | 153 | 38 | 1,028 |
| Business Bay | 131 | 40 | 1,150 |
| Arjan | 127 | 94 | 828 |
| Dubai Harbour | 123 | 123 | — |
| Town Square | 112 | 8 | 791 |
| Palm Jumeirah | 101 | 26 | 1,168 |
| Al Jaddaf | 92 | 89 | 773 |
| Jumeirah Beach Residence | 81 | 8 | 1,122 |
| Dubai Sports City | 74 | 18 | 567 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,355 | 13 |
| Mohammed Bin Rashid City | 1,536 | 41 |
| Downtown Dubai | 1,513 | 87 |
| Bur Dubai | 1,359 | 17 |
| Dubai Creek Harbour (The Lagoons) | 1,305 | 20 |
| Dubai Marina | 1,207 | 234 |
| Palm Jumeirah | 1,168 | 75 |
| The Views | 1,151 | 10 |
| Business Bay | 1,150 | 91 |
| Jumeirah Beach Residence | 1,122 | 73 |
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 May 2021
The 15 buildings with the most sales registered in May, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Golf Views Seven CityJumeirah Lake Towers | 211 | all | 1,014 |
| 2 | Binghatti GateJumeirah Village Circle | 87 | all | 742 |
| 3 | Binghatti AvenueAl Jaddaf | 80 | all | 833 |
| 4 | Joya Blanca ResidencesArjan | 78 | all | 806 |
| 5 | MAG 980Mohammed Bin Rashid City | 70 | all | 1,051 |
| 6 | O2 TowerJumeirah Village Circle | 58 | all | 254 |
| 7 | Jumeirah Living Marina GateDubai Marina | 52 | 0 | 2,245 |
| 8 | Grand Bleu Tower 2Dubai Harbour | 39 | all | 2,667 |
| 9 | Golf Place 2Dubai Hills Estate | 38 | 0 | 1,051 |
| 10 | The Haven ResidencesJumeirah Village Circle | 36 | all | 870 |
| 11 | La Rosa 4Villanova | 36 | all | 738 |
| 12 | Park Residence 1Damac Hills | 35 | 0 | 1,028 |
| 13 | Park Residences 4Damac Hills | 33 | 0 | 1,052 |
| 14 | The Square TowerJumeirah Village Circle | 32 | all | 276 |
| 15 | Naseem TownhousesTown Square | 29 | 0 | 750 |
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 May 2021
The dearest was an AED 28M off-plan four-bedroom home at The Crescent W Residences, Palm Jumeirah — 15,070 sq ft at AED 1,868 a square foot, registered on 5 May.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 5 May 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 15,070 | AED 28M | 1,868 | Off-plan |
| 21 May 2021 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 4,314 | AED 28M | 6,491 | Off-plan |
| 18 May 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 6,542 | AED 28M | 4,280 | Off-plan |
| 6 May 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 13,007 | AED 27M | 2,087 | Off-plan |
| 6 May 2021 | The Crescent W ResidencesPalm Jumeirah | 3 B/R | 10,546 | AED 27M | 2,554 | Off-plan |
| 10 May 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 8,271 | AED 26M | 3,092 | Off-plan |
| 5 May 2021 | The Crescent W ResidencesPalm Jumeirah | 3 B/R | 11,430 | AED 25M | 2,171 | Off-plan |
| 31 May 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 8,592 | AED 25M | 2,858 | Off-plan |
| 17 May 2021 | Bahar 6Jumeirah Beach Residence | PENTHOUSE | 6,407 | AED 23M | 3,607 | Completed |
| 4 May 2021 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 5,470 | AED 22M | 3,946 | 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 May 2021, answered
How many properties were sold in Dubai in May 2021?
3,589 residential sales were registered at the Dubai Land Department in May 2021, worth AED 7.3bn: 1,519 off-plan and 2,070 completed homes. That is 240% more than in May 2020, when 1,057 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 May 2021?
The dearest apartment or villa registered was an AED 28M off-plan four-bedroom home at The Crescent W Residences, Palm Jumeirah — 15,070 sq ft at AED 1,868 a square foot, registered on 5 May. Next came AED 28M at Atlantis The Royal Residences, Palm Jumeirah, and AED 28M at One at Palm Jumeirah, 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 May 2021?
Jumeirah Village Circle, with 337 registered sales, 259 of them off-plan; then Jumeirah Lake Towers (287) and Dubai Marina (244). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,355 across 13 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.