Dubai property prices › Month by month › October 2021
The Dubai property market in October 2021
In October 2021 the Dubai Land Department registered 4,091 residential sales worth AED 9.3bn — 36% more than in October 2020, when it registered 3,008, and 85% more by value. Most were completed homes: 2,269, against 1,822 off-plan. A completed home changed hands at a median AED 1.44M, AED 939 a square foot — 39% more a foot than in October 2020.
The month in its year
October 2021 against the twelve months before it
4,091 sales in October 2021, against 3,008 in October 2020. Off-plan was 45% of the month, against 47% a year earlier.
Completed homes
What a completed home sold for in October 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 | 303 | AED 380K | 864 |
| 1 B/R | 574 | AED 756K | 928 |
| 2 B/R | 454 | AED 1.60M | 1,082 |
| 3 B/R | 317 | AED 2.60M | 1,096 |
| 4 B/R | 83 | AED 3.98M | 1,337 |
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 October to 29 October. The busiest was 4 October: 582 sales, AED 1.4bn.
- Off-plan
- 1,822 sales at a median AED 1,245 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,001 of the 4,091, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 816 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 October, 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 |
|---|---|---|---|
| Business Bay | 385 | 210 | 1,300 |
| The Valley | 284 | 284 | — |
| Damac Hills | 213 | 33 | 1,228 |
| Jumeirah Village Circle | 200 | 59 | 843 |
| Mohammed Bin Rashid City | 195 | 144 | 1,480 |
| Downtown Dubai | 192 | 97 | 1,575 |
| Dubai Harbour | 187 | 167 | 2,689 |
| Dubai Marina | 182 | 15 | 1,245 |
| Dubai Creek Harbour (The Lagoons) | 165 | 79 | 1,729 |
| Damac Hills 2 | 159 | 8 | 703 |
| Arabian Ranches 3 | 143 | 143 | — |
| Jumeirah Lake Towers | 139 | 35 | 928 |
| Dubai Hills Estate | 138 | 44 | 1,150 |
| International City | 117 | 31 | 432 |
| Villanova | 81 | 72 | 747 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Dubai Harbour | 2,689 | 20 |
| Dubai Creek Harbour (The Lagoons) | 1,729 | 86 |
| Downtown Dubai | 1,575 | 95 |
| City Walk | 1,574 | 10 |
| Mohammed Bin Rashid City | 1,480 | 51 |
| Jumeirah Golf Estates | 1,365 | 20 |
| Culture Village | 1,310 | 10 |
| Business Bay | 1,300 | 175 |
| Dubai Marina | 1,245 | 167 |
| Damac Hills | 1,228 | 180 |
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 October 2021
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | NaraThe Valley | 224 | all | 728 |
| 2 | Regalia By DeyaarBusiness Bay | 102 | all | 1,392 |
| 3 | RubaArabian Ranches 3 | 69 | all | 1,148 |
| 4 | EdenThe Valley | 60 | all | 642 |
| 5 | Silver Springs 3Damac Hills | 57 | 0 | 1,367 |
| 6 | Aura GardensTilal Al Ghaf | 57 | all | 1,202 |
| 7 | BlissArabian Ranches 3 | 49 | all | 1,369 |
| 8 | AmnaBusiness Bay | 46 | 0 | 1,354 |
| 9 | Grand Bleu Tower 2Dubai Harbour | 42 | all | 2,701 |
| 10 | Bel AirDamac Hills | 36 | 0 | 1,259 |
| 11 | La Rosa 5Villanova | 35 | all | 807 |
| 12 | Golf Views Seven CityJumeirah Lake Towers | 35 | all | 1,000 |
| 13 | Grand Bleu Tower 1Dubai Harbour | 33 | all | 2,697 |
| 14 | One Park AvenueMohammed Bin Rashid City | 29 | all | 1,415 |
| 15 | Palace Beach Residence Tower 2Dubai Harbour | 29 | all | 2,533 |
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 October 2021
The dearest was an AED 54M completed seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 16,576 sq ft at AED 3,270 a square foot, registered on 7 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 7 Oct 2021 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 16,576 | AED 54M | 3,270 | Completed |
| 26 Oct 2021 | 118 DowntownDowntown Dubai | 6 B/R | 11,598 | AED 50M | 4,302 | Completed |
| 19 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 47M | 4,130 | Off-plan |
| 25 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 44M | 3,885 | Off-plan |
| 11 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 44M | 3,837 | Off-plan |
| 6 Oct 2021 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 7,450 | AED 43M | 5,822 | Off-plan |
| 11 Oct 2021 | Dorchester Collection DubaiBusiness Bay | 3 B/R | 10,989 | AED 43M | 3,913 | Off-plan |
| 5 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 41M | 3,564 | Off-plan |
| 5 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 41M | 3,552 | Off-plan |
| 11 Oct 2021 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 40M | 3,545 | 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 October 2021, answered
How many properties were sold in Dubai in October 2021?
4,091 residential sales were registered at the Dubai Land Department in October 2021, worth AED 9.3bn: 1,822 off-plan and 2,269 completed homes. That is 36% more than in October 2020, when 3,008 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 October 2021?
The dearest apartment or villa registered was an AED 54M completed seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 16,576 sq ft at AED 3,270 a square foot, registered on 7 October. Next came AED 50M at 118 Downtown, Downtown Dubai, and AED 47M at IL Primo, Downtown Dubai. 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 October 2021?
Business Bay, with 385 registered sales, 210 of them off-plan; then The Valley (284) and Damac Hills (213). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 2,689 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.