Dubai property prices › Month by month › November 2021
The Dubai property market in November 2021
In November 2021 the Dubai Land Department registered 5,921 residential sales worth AED 13.2bn — 108% more than in November 2020, when it registered 2,853, and 187% more by value. Most were homes not yet built: 3,095 off-plan against 2,826 completed. A completed home changed hands at a median AED 1.45M, AED 916 a square foot — 31% more a foot than in November 2020.
The month in its year
November 2021 against the twelve months before it
5,921 sales in November 2021 — the most in a month since December 2013, against 2,853 in November 2020. Off-plan was 52% of the month, against 46% a year earlier.
Completed homes
What a completed home sold for in November 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 | 359 | AED 354K | 761 |
| 1 B/R | 728 | AED 726K | 912 |
| 2 B/R | 594 | AED 1.64M | 1,128 |
| 3 B/R | 414 | AED 2.44M | 1,103 |
| 4 B/R | 106 | AED 3.28M | 1,030 |
| 5 B/R | 13 | AED 4.43M | 1,132 |
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
- 22, 1 November to 30 November. The busiest was 22 November: 620 sales, AED 1.4bn.
- Off-plan
- 3,095 sales at a median AED 1,376 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,317 of the 5,921, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 1,028 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 November, 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 | 773 | 562 | 1,350 |
| Dubai Harbour | 368 | 348 | 2,220 |
| Tilal Al Ghaf | 359 | 359 | — |
| Jumeirah Village Circle | 337 | 100 | 845 |
| Downtown Dubai | 253 | 123 | 1,577 |
| Dubai Hills Estate | 249 | 113 | 1,301 |
| Dubai Marina | 232 | 19 | 1,276 |
| Dubai Creek Harbour (The Lagoons) | 207 | 128 | 1,750 |
| Jumeirah Lake Towers | 169 | 54 | 1,041 |
| Damac Hills 2 | 169 | 6 | 719 |
| Damac Hills | 155 | 38 | 1,046 |
| Arabian Ranches 3 | 152 | 152 | — |
| Palm Jumeirah | 152 | 80 | 1,339 |
| Al Barari | 134 | 126 | 1,031 |
| The Valley | 119 | 119 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,467 | 13 |
| Dubai Harbour | 2,220 | 20 |
| Dubai Creek Harbour (The Lagoons) | 1,750 | 79 |
| Downtown Dubai | 1,577 | 130 |
| Mohammed Bin Rashid City | 1,561 | 25 |
| Business Bay | 1,350 | 211 |
| Palm Jumeirah | 1,339 | 72 |
| Jumeirah Beach Residence | 1,312 | 59 |
| Dubai Hills Estate | 1,301 | 136 |
| Dubai Marina | 1,276 | 213 |
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 November 2021
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Regalia By DeyaarBusiness Bay | 361 | all | 1,397 |
| 2 | Aura GardensTilal Al Ghaf | 349 | all | 1,215 |
| 3 | Beach Mansion Tower 1Dubai Harbour | 110 | all | 2,834 |
| 4 | NaraThe Valley | 105 | all | 746 |
| 5 | J One - 2Business Bay | 92 | all | 1,673 |
| 6 | Cavalli Casa TowerDubai Media City | 85 | all | 2,185 |
| 7 | BlissArabian Ranches 3 | 85 | all | 1,368 |
| 8 | Palace Beach Residence Tower 2Dubai Harbour | 78 | all | 2,421 |
| 9 | Executive Residences 2Dubai Hills Estate | 61 | all | 1,578 |
| 10 | AmnaBusiness Bay | 59 | 0 | 1,350 |
| 11 | La Rosa 5Villanova | 57 | all | 832 |
| 12 | Palace Beach Residence Tower 1Dubai Harbour | 56 | all | 2,544 |
| 13 | Golf Views Seven CityJumeirah Lake Towers | 53 | all | 1,012 |
| 14 | The Pulse VillasDubai South (Dubai World Central) | 48 | all | 722 |
| 15 | The Palm TowerPalm Jumeirah | 47 | all | 2,908 |
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 November 2021
The dearest was an AED 75M off-plan three-bedroom home at Five Luxe JBR, Jumeirah Beach Residence — 14,646 sq ft at AED 5,121 a square foot, registered on 30 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 30 Nov 2021 | Five Luxe JBRJumeirah Beach Residence | 3 B/R | 14,646 | AED 75M | 5,121 | Off-plan |
| 18 Nov 2021 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 15,073 | AED 42M | 2,776 | Completed |
| 11 Nov 2021 | BV Residences 2Jumeirah Bay Island | 4 B/R | 6,550 | AED 40M | 6,106 | Completed |
| 4 Nov 2021 | Palm Jumeirah | 4 B/R | 14,186 | AED 37M | 2,608 | Completed |
| 22 Nov 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 8,694 | AED 37M | 4,207 | Completed |
| 19 Nov 2021 | Banyan Tree Residences Hillside DubaiJumeirah Lake Towers | 4 B/R | 11,331 | AED 30M | 2,648 | Completed |
| 23 Nov 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 5,791 | AED 28M | 4,916 | Off-plan |
| 30 Nov 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 5,775 | AED 28M | 4,849 | Completed |
| 16 Nov 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 5,487 | AED 27M | 4,875 | Completed |
| 23 Nov 2021 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 5,013 | AED 25M | 5,045 | Completed |
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 November 2021, answered
How many properties were sold in Dubai in November 2021?
5,921 residential sales were registered at the Dubai Land Department in November 2021, worth AED 13.2bn: 3,095 off-plan and 2,826 completed homes. That is 108% more than in November 2020, when 2,853 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 November 2021?
The dearest apartment or villa registered was an AED 75M off-plan three-bedroom home at Five Luxe JBR, Jumeirah Beach Residence — 14,646 sq ft at AED 5,121 a square foot, registered on 30 November. Next came AED 42M at Emirates Golf Club Villas, Emirates Golf Club, and AED 40M at BV Residences 2, Jumeirah Bay Island. 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 November 2021?
Business Bay, with 773 registered sales, 562 of them off-plan; then Dubai Harbour (368) and Tilal Al Ghaf (359). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,467 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.