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Dubai property prices › Month by month › July 2021

The Dubai property market in July 2021

In July 2021 the Dubai Land Department registered 3,612 residential sales worth AED 7.8bn — 88% more than in July 2020, when it registered 1,925, and 150% more by value. Most were completed homes: 1,980, against 1,632 off-plan. A completed home changed hands at a median AED 1.43M, AED 893 a square foot — 23% more a foot than in July 2020.

Sales registered
3,612
+88% on July 2020 (1,925)
Value
AED 7.8bn
+150% on July 2020 (AED 3.1bn)
Off-plan
1,632
45% of the month · 1,980 completed
Completed homes, median
AED 893
per sq ft · AED 1.43M a home · +23% on July 2020

The month in its year

July 2021 against the twelve months before it

Residential sales registered, by monthOff-planResale3,612 in July 2021
1,925
3,612
J2020ASONDJ2021FMAMJJ

3,612 sales in July 2021, against 1,925 in July 2020. Off-plan was 45% of the month, against 37% a year earlier.

Completed homes

What a completed home sold for in July 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.

LayoutSalesMedian priceAED/sqft
Studio198AED 390K865
1 B/R500AED 755K959
2 B/R465AED 1.45M987
3 B/R318AED 2.25M877
4 B/R100AED 2.87M903

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
20, 1 July to 30 July. The busiest was 12 July: 384 sales, AED 772m.
Off-plan
1,632 sales at a median AED 1,434 a square foot — its own line, never blended into the completed-home medians.
Villas
654 of the 3,612, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
558 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 July, 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
Dubai Harbour299299—
Mohammed Bin Rashid City2962701,536
Business Bay279881,338
Jumeirah Village Circle270155791
Jumeirah Lake Towers245159907
Dubai Marina174121,242
Dubai Hills Estate146191,024
Downtown Dubai133601,537
Palm Jumeirah113361,238
International City10422419
Arjan9739848
Meydan97751,169
Damac Hills8221889
Tilal Al Ghaf7878—
Damac Hills 2681640
Dearest communityAED/sqftResales
Downtown Dubai1,53773
Mohammed Bin Rashid City1,53626
Dubai Creek Harbour (The Lagoons)1,37720
Business Bay1,338191
Dubai Marina1,242162
Palm Jumeirah1,23877
Jumeirah Beach Residence1,19952
Meydan1,16922
Dubai Hills Estate1,024127
Jumeirah Golf Estates99922

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 July 2021

The 15 buildings with the most sales registered in July, 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 July 2021

The dearest was an AED 72M completed four-bedroom home at Palme Couture Residences, Palm Jumeirah — 13,584 sq ft at AED 5,300 a square foot, registered on 29 July.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
29 Jul 2021Palme Couture ResidencesPalm Jumeirah4 B/R13,584AED 72M5,300Completed
28 Jul 2021Dorchester Collection DubaiBusiness Bay4 B/R10,072AED 37M3,668Off-plan
28 Jul 2021Dorchester Collection DubaiBusiness Bay4 B/R10,058AED 34M3,400Off-plan
12 Jul 2021One at Palm JumeirahPalm Jumeirah4 B/R6,269AED 34M5,344Off-plan
14 Jul 2021One at Palm JumeirahPalm Jumeirah4 B/R6,301AED 32M5,121Off-plan
28 Jul 2021One at Palm JumeirahPalm Jumeirah4 B/R6,249AED 30M4,769Off-plan
6 Jul 2021One at Palm JumeirahPalm Jumeirah4 B/R5,722AED 26M4,563Off-plan
19 Jul 2021Burj KhalifaDowntown Dubai4 B/R6,457AED 24M3,639Completed
29 Jul 2021Dorchester Collection DubaiBusiness Bay3 B/R6,256AED 23M3,748Off-plan
8 Jul 2021One at Palm JumeirahPalm Jumeirah4 B/R4,954AED 23M4,643Off-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 July 2021, answered

How many properties were sold in Dubai in July 2021?

3,612 residential sales were registered at the Dubai Land Department in July 2021, worth AED 7.8bn: 1,632 off-plan and 1,980 completed homes. That is 88% more than in July 2020, when 1,925 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 July 2021?

The dearest apartment or villa registered was an AED 72M completed four-bedroom home at Palme Couture Residences, Palm Jumeirah — 13,584 sq ft at AED 5,300 a square foot, registered on 29 July. Next came AED 37M at Dorchester Collection Dubai, Business Bay, and AED 34M at Dorchester Collection Dubai, Business Bay. 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 July 2021?

Dubai Harbour, with 299 registered sales, almost all of them off-plan; then Mohammed Bin Rashid City (296) and Business Bay (279). The dearest, by the median price of a square foot of completed home, was Downtown Dubai at AED 1,537 across 73 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 Jul 2021.

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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.

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