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Dubai property prices › Month by month › January 2022

The Dubai property market in January 2022

In January 2022 the Dubai Land Department registered 4,727 residential sales worth AED 10.3bn — 87% more than in January 2021, when it registered 2,529, and 157% more by value. Most were homes not yet built: 2,476 off-plan against 2,251 completed. A completed home changed hands at a median AED 1.67M, AED 1,053 a square foot — 30% more a foot than in January 2021.

Sales registered
4,727
+87% on January 2021 (2,529)
Value
AED 10.3bn
+157% on January 2021 (AED 4.0bn)
Off-plan
2,476
52% of the month · 2,251 completed
Completed homes, median
AED 1,053
per sq ft · AED 1.67M a home · +30% on January 2021

The month in its year

January 2022 against the twelve months before it

Residential sales registered, by monthOff-planResale4,727 in January 2022
2,529
4,727
J2021FMAMJJASONDJ2022

4,727 sales in January 2022, against 2,529 in January 2021. Off-plan was 52% of the month, against 33% a year earlier.

Completed homes

What a completed home sold for in January 2022

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
Studio220AED 390K893
1 B/R485AED 837K1,040
2 B/R455AED 1.71M1,150
3 B/R301AED 2.75M1,188
4 B/R93AED 3.66M1,154
5 B/R14AED 3.85M1,204

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, 3 January to 31 January. The busiest was 18 January: 349 sales, AED 608m.
Off-plan
2,476 sales at a median AED 1,396 a square foot — its own line, never blended into the completed-home medians.
Villas
814 of the 4,727, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
1,001 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 January, 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 Bay4883131,425
Damac Lagoons38301,075
Jumeirah Village Circle310165906
Mohammed Bin Rashid City2622521,798
Arjan238186829
Dubai Harbour2212082,334
Dubai Creek Harbour (The Lagoons)2061431,910
Downtown Dubai202951,601
Villanova165156784
Dubai Hills Estate154631,271
Dubai Marina146341,362
Jumeirah Lake Towers109131,125
Dubai South (Dubai World Central)10089711
Palm Jumeirah97391,272
Al Furjan9563787
Dearest communityAED/sqftResales
Dubai Harbour2,33413
Umm Suqeim2,25110
Dubai Creek Harbour (The Lagoons)1,91063
Mohammed Bin Rashid City1,79810
Jumeirah Beach Residence1,75438
Downtown Dubai1,601107
Business Bay1,425175
Dubai Marina1,362112
Meydan1,28311
Palm Jumeirah1,27258

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 January 2022

The 15 buildings with the most sales registered in January, 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 January 2022

The dearest was an AED 73M completed five-bedroom home at Burj Khalifa, Downtown Dubai — 20,979 sq ft at AED 3,480 a square foot, registered on 20 January.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
20 Jan 2022Burj KhalifaDowntown Dubai5 B/R20,979AED 73M3,480Completed
6 Jan 2022Dorchester Collection DubaiBusiness Bay4 B/R11,075AED 52M4,667Off-plan
4 Jan 2022Palme Couture ResidencesPalm Jumeirah5 B/R10,185AED 48M4,713Completed
12 Jan 2022Dorchester Collection DubaiBusiness Bay1 B/R9,453AED 41M4,331Off-plan
24 Jan 2022Atlantis The Royal ResidencesPalm Jumeirah4 B/R6,282AED 39M6,187Off-plan
6 Jan 2022Atlantis The Royal ResidencesPalm Jumeirah4 B/R6,267AED 39M6,192Off-plan
11 Jan 2022Private ResidencesJumeirah4 B/R5,924AED 33M5,502Off-plan
12 Jan 2022Dorchester Collection DubaiBusiness Bay4 B/R7,729AED 32M4,204Off-plan
12 Jan 2022Dorchester Collection DubaiBusiness Bay4 B/R7,691AED 32M4,212Off-plan
24 Jan 2022Dorchester Collection DubaiBusiness Bay4 B/R7,735AED 31M3,996Off-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 January 2022, answered

How many properties were sold in Dubai in January 2022?

4,727 residential sales were registered at the Dubai Land Department in January 2022, worth AED 10.3bn: 2,476 off-plan and 2,251 completed homes. That is 87% more than in January 2021, when 2,529 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 January 2022?

The dearest apartment or villa registered was an AED 73M completed five-bedroom home at Burj Khalifa, Downtown Dubai — 20,979 sq ft at AED 3,480 a square foot, registered on 20 January. Next came AED 52M at Dorchester Collection Dubai, Business Bay, and AED 48M at Palme Couture Residences, 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 January 2022?

Business Bay, with 488 registered sales, 313 of them off-plan; then Damac Lagoons (383) and Jumeirah Village Circle (310). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 2,334 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.

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 Jan 2022.

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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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