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Dubai property prices › Month by month › December 2021

The Dubai property market in December 2021

In December 2021 the Dubai Land Department registered 4,516 residential sales worth AED 10.3bn — 61% more than in December 2020, when it registered 2,798, and 117% more by value. Most were completed homes: 2,270, against 2,246 off-plan. A completed home changed hands at a median AED 1.47M, AED 947 a square foot — 26% more a foot than in December 2020.

Sales registered
4,516
+61% on December 2020 (2,798)
Value
AED 10.3bn
+117% on December 2020 (AED 4.8bn)
Off-plan
2,246
50% of the month · 2,270 completed
Completed homes, median
AED 947
per sq ft · AED 1.47M a home · +26% on December 2020

The month in its year

December 2021 against the twelve months before it

Residential sales registered, by monthOff-planResale4,516 in December 2021
2,798
4,516
DJ2021FMAMJJASOND

4,516 sales in December 2021, against 2,798 in December 2020. Off-plan was 50% of the month, against 39% a year earlier.

Completed homes

What a completed home sold for in December 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
Studio288AED 364K810
1 B/R656AED 724K889
2 B/R467AED 1.71M1,186
3 B/R353AED 2.60M1,228
4 B/R92AED 4.00M1,335

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, 1 December to 31 December. The busiest was 6 December: 559 sales, AED 1.2bn.
Off-plan
2,246 sales at a median AED 1,415 a square foot — its own line, never blended into the completed-home medians.
Villas
820 of the 4,516, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
783 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 December, 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
Business Bay4232101,365
Jumeirah Village Circle312152810
Mohammed Bin Rashid City2972691,434
Downtown Dubai2651791,616
Dubai Harbour2152052,279
Dubai Marina18491,261
Dubai Creek Harbour (The Lagoons)1781021,934
Jumeirah Lake Towers151591,006
Town Square149121777
Dubai Hills Estate139451,296
Villanova122106823
Tilal Al Ghaf122122—
Palm Jumeirah121391,819
Dubai Sports City11028548
Dubai Media City108962,176
Dearest communityAED/sqftResales
Dubai Harbour2,27910
Dubai Media City2,17612
Dubai Creek Harbour (The Lagoons)1,93476
Palm Jumeirah1,81982
Downtown Dubai1,61686
Mohammed Bin Rashid City1,43428
Business Bay1,365213
Jumeirah Beach Residence1,34448
The Views1,31512
Dubai Hills Estate1,29694

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 December 2021

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

The dearest was an AED 33M off-plan five-bedroom home at Atlantis The Royal Residences, Palm Jumeirah — 6,280 sq ft at AED 5,260 a square foot, registered on 22 December.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
22 Dec 2021Atlantis The Royal ResidencesPalm Jumeirah5 B/R6,280AED 33M5,260Off-plan
13 Dec 2021Five Luxe JBRJumeirah Beach Residence6 B/R9,500AED 32M3,368Off-plan
9 Dec 2021Private ResidencesJumeirah4 B/R7,186AED 31M4,275Off-plan
16 Dec 2021Dorchester Collection DubaiBusiness Bay4 B/R7,712AED 30M3,925Off-plan
20 Dec 2021Banyan Tree Residences Hillside DubaiJumeirah Lake Towers4 B/R11,432AED 30M2,624Completed
9 Dec 2021Private ResidencesJumeirah4 B/R5,816AED 25M4,371Off-plan
29 Dec 2021Private ResidencesJumeirah4 B/R5,813AED 25M4,371Off-plan
16 Dec 2021Dorchester Collection DubaiBusiness Bay4 B/R6,252AED 25M3,999Off-plan
6 Dec 2021One at Palm JumeirahPalm Jumeirah4 B/R5,005AED 25M4,975Completed
9 Dec 2021Private ResidencesJumeirah4 B/R4,736AED 25M5,257Off-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 December 2021, answered

How many properties were sold in Dubai in December 2021?

4,516 residential sales were registered at the Dubai Land Department in December 2021, worth AED 10.3bn: 2,246 off-plan and 2,270 completed homes. That is 61% more than in December 2020, when 2,798 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 December 2021?

The dearest apartment or villa registered was an AED 33M off-plan five-bedroom home at Atlantis The Royal Residences, Palm Jumeirah — 6,280 sq ft at AED 5,260 a square foot, registered on 22 December. Next came AED 32M at Five Luxe JBR, Jumeirah Beach Residence, and AED 31M at Private Residences, 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 December 2021?

Business Bay, with 423 registered sales, 213 of them completed homes; then Jumeirah Village Circle (312) and Mohammed Bin Rashid City (297). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 2,279 across 10 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 Dec 2021.

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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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