Dubai property prices › Month by month › August 2021
The Dubai property market in August 2021
In August 2021 the Dubai Land Department registered 4,557 residential sales worth AED 10.4bn — 163% more than in August 2020, when it registered 1,732, and 289% more by value. Most were homes not yet built: 2,291 off-plan against 2,266 completed. A completed home changed hands at a median AED 1.54M, AED 925 a square foot — 27% more a foot than in August 2020.
The month in its year
August 2021 against the twelve months before it
4,557 sales in August 2021, against 1,732 in August 2020. Off-plan was 50% of the month, against 29% a year earlier.
Completed homes
What a completed home sold for in August 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 | 253 | AED 415K | 959 |
| 1 B/R | 559 | AED 770K | 955 |
| 2 B/R | 508 | AED 1.56M | 1,050 |
| 3 B/R | 356 | AED 2.06M | 867 |
| 4 B/R | 106 | AED 2.64M | 882 |
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 August to 31 August. The busiest was 9 August: 571 sales, AED 1.2bn.
- Off-plan
- 2,291 sales at a median AED 1,381 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 984 of the 4,557, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 739 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 August, 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 | 374 | 188 | 939 |
| Business Bay | 373 | 188 | 1,300 |
| Mohammed Bin Rashid City | 259 | 238 | 1,547 |
| Dubai Harbour | 254 | 254 | — |
| Jumeirah Lake Towers | 221 | 139 | 846 |
| Dubai Hills Estate | 208 | 59 | 1,209 |
| Dubai Marina | 200 | 43 | 1,368 |
| Downtown Dubai | 192 | 60 | 1,180 |
| Arabian Ranches 3 | 178 | 178 | — |
| Villanova | 170 | 158 | 810 |
| Dubai Sports City | 166 | 90 | 591 |
| Damac Hills | 120 | 21 | 1,023 |
| Motor City | 115 | 0 | 867 |
| Umm Suqeim | 114 | 111 | 1,645 |
| International City | 88 | 14 | 430 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Dubai Creek Harbour (The Lagoons) | 1,622 | 29 |
| Mohammed Bin Rashid City | 1,547 | 21 |
| Dubai Marina | 1,368 | 157 |
| Bur Dubai | 1,319 | 16 |
| Jumeirah Beach Residence | 1,314 | 51 |
| Business Bay | 1,300 | 185 |
| Meydan | 1,256 | 43 |
| Palm Jumeirah | 1,218 | 43 |
| Dubai Hills Estate | 1,209 | 149 |
| Downtown Dubai | 1,180 | 132 |
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 August 2021
The 15 buildings with the most sales registered in August, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Golf Views Seven CityJumeirah Lake Towers | 139 | all | 1,011 |
| 2 | BlissArabian Ranches 3 | 115 | all | 1,386 |
| 3 | Sobha Hartland WavesMohammed Bin Rashid City | 94 | all | 1,883 |
| 4 | Oasis Tower 2Dubai Sports City | 79 | all | 1,089 |
| 5 | Palace Beach Residence Tower 2Dubai Harbour | 76 | all | 2,484 |
| 6 | Oia ResidenceMotor City | 75 | 0 | 867 |
| 7 | Aura GardensTilal Al Ghaf | 74 | all | 1,067 |
| 8 | AmnaBusiness Bay | 68 | 0 | 1,350 |
| 9 | La Rosa 3Villanova | 67 | all | 715 |
| 10 | 15 Northside Tower 1Business Bay | 63 | all | 1,763 |
| 11 | Grand Bleu Tower 2Dubai Harbour | 55 | all | 2,735 |
| 12 | La Rosa 4Villanova | 50 | all | 713 |
| 13 | Park View TowerJumeirah Village Circle | 49 | all | 749 |
| 14 | The Pulse VillasDubai South (Dubai World Central) | 46 | all | 689 |
| 15 | 15 Northside Tower 2Business Bay | 45 | all | 1,754 |
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 August 2021
The dearest was an AED 44M off-plan five-bedroom home at IL Primo, Downtown Dubai — 11,407 sq ft at AED 3,885 a square foot, registered on 2 August.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 2 Aug 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 44M | 3,885 | Off-plan |
| 19 Aug 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 9,576 | AED 36M | 3,802 | Off-plan |
| 10 Aug 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 7,990 | AED 36M | 4,456 | Off-plan |
| 9 Aug 2021 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 21,213 | AED 34M | 1,600 | Completed |
| 5 Aug 2021 | AmnaBusiness Bay | 6 B/R | 9,439 | AED 29M | 3,047 | Completed |
| 16 Aug 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 6,592 | AED 29M | 4,360 | Off-plan |
| 2 Aug 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 6,304 | AED 29M | 4,521 | Off-plan |
| 2 Aug 2021 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 7,959 | AED 24M | 3,068 | Off-plan |
| 2 Aug 2021 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 22M | 4,175 | Off-plan |
| 2 Aug 2021 | IL PrimoDowntown Dubai | 4 B/R | 5,212 | AED 21M | 3,971 | 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 August 2021, answered
How many properties were sold in Dubai in August 2021?
4,557 residential sales were registered at the Dubai Land Department in August 2021, worth AED 10.4bn: 2,291 off-plan and 2,266 completed homes. That is 163% more than in August 2020, when 1,732 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 August 2021?
The dearest apartment or villa registered was an AED 44M off-plan five-bedroom home at IL Primo, Downtown Dubai — 11,407 sq ft at AED 3,885 a square foot, registered on 2 August. Next came AED 36M at One at Palm Jumeirah, Palm Jumeirah, and AED 36M 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 August 2021?
Jumeirah Village Circle, with 374 registered sales, 188 of them off-plan; then Business Bay (373) and Mohammed Bin Rashid City (259). The dearest, by the median price of a square foot of completed home, was Dubai Creek Harbour (The Lagoons) at AED 1,622 across 29 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.