Dubai property prices › Month by month › February 2022
The Dubai property market in February 2022
In February 2022 the Dubai Land Department registered 5,142 residential sales worth AED 10.7bn — 99% more than in February 2021, when it registered 2,586, and 159% more by value. Most were completed homes: 2,842, against 2,300 off-plan. A completed home changed hands at a median AED 1.65M, AED 1,002 a square foot — 35% more a foot than in February 2021.
The month in its year
February 2022 against the twelve months before it
5,142 sales in February 2022, against 2,586 in February 2021. Off-plan was 45% of the month, against 32% a year earlier.
Completed homes
What a completed home sold for in February 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.
| Layout | Sales | Median price | AED/sqft |
|---|---|---|---|
| Studio | 335 | AED 350K | 800 |
| 1 B/R | 671 | AED 779K | 978 |
| 2 B/R | 551 | AED 1.64M | 1,124 |
| 3 B/R | 339 | AED 2.53M | 1,110 |
| 4 B/R | 108 | AED 3.29M | 981 |
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 February to 28 February. The busiest was 14 February: 359 sales, AED 615m.
- Off-plan
- 2,300 sales at a median AED 1,409 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 886 of the 5,142, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 1,203 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 February, 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 | 482 | 249 | 1,365 |
| Jumeirah Village Circle | 381 | 154 | 877 |
| Damac Lagoons | 348 | 0 | 1,075 |
| Meydan | 343 | 323 | 1,283 |
| Mohammed Bin Rashid City | 259 | 204 | 1,422 |
| Dubai Creek Harbour (The Lagoons) | 207 | 160 | 2,017 |
| Dubai Hills Estate | 182 | 71 | 1,233 |
| Villanova | 177 | 152 | 791 |
| Downtown Dubai | 166 | 77 | 1,624 |
| Dubai Marina | 156 | 21 | 1,347 |
| Arjan | 144 | 107 | 816 |
| The Valley | 133 | 133 | — |
| Jumeirah Lake Towers | 111 | 21 | 1,009 |
| Damac Hills 2 | 108 | 4 | 704 |
| International City | 107 | 4 | 434 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 2,662 | 13 |
| Dubai Harbour | 2,375 | 22 |
| Umm Suqeim | 2,137 | 20 |
| Dubai Creek Harbour (The Lagoons) | 2,017 | 47 |
| Jumeirah | 2,009 | 13 |
| Downtown Dubai | 1,624 | 89 |
| Jumeirah Beach Residence | 1,574 | 42 |
| Palm Jumeirah | 1,474 | 50 |
| Mohammed Bin Rashid City | 1,422 | 55 |
| Business Bay | 1,365 | 233 |
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 February 2022
The 15 buildings with the most sales registered in February, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | SantoriniDamac Lagoons | 222 | 0 | 1,075 |
| 2 | TaliaThe Valley | 125 | all | 800 |
| 3 | Peninsula OneBusiness Bay | 118 | 117 | — |
| 4 | AmarantaVillanova | 112 | 104 | — |
| 5 | Cavalli Casa TowerDubai Media City | 76 | all | 2,331 |
| 6 | Skyz by DanubeArjan | 71 | all | 1,218 |
| 7 | Rosewater at Creek Beach Building 1Dubai Creek Harbour (The Lagoons) | 66 | all | 2,007 |
| 8 | Costa Brava 2Damac Lagoons | 65 | 0 | 1,103 |
| 9 | Azizi Riviera 26Meydan | 63 | all | 1,393 |
| 10 | Binghatti RoseJumeirah Village Circle | 62 | all | 752 |
| 11 | Azizi Riviera 35Meydan | 59 | all | 1,462 |
| 12 | Costa Brava 1Damac Lagoons | 56 | 0 | 1,102 |
| 13 | Regalia By DeyaarBusiness Bay | 48 | all | 1,416 |
| 14 | Five Luxe JBRJumeirah Beach Residence | 48 | all | 3,887 |
| 15 | Jebel Ali Village VillasJebel Ali | 42 | 0 | 675 |
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 February 2022
The dearest was an AED 69M off-plan one-bedroom home at Dorchester Collection Dubai, Business Bay — 17,712 sq ft at AED 3,890 a square foot, registered on 1 February.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 1 Feb 2022 | Dorchester Collection DubaiBusiness Bay | 1 B/R | 17,712 | AED 69M | 3,890 | Off-plan |
| 7 Feb 2022 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 7,115 | AED 63M | 8,844 | Off-plan |
| 7 Feb 2022 | One at Palm JumeirahPalm Jumeirah | 5 B/R | 9,958 | AED 48M | 4,820 | Completed |
| 22 Feb 2022 | Serenia Residences Building CPalm Jumeirah | 4 B/R | 12,800 | AED 45M | 3,516 | Completed |
| 23 Feb 2022 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 6,957 | AED 41M | 5,937 | Off-plan |
| 10 Feb 2022 | The Address Residences Dubai Opera Tower 1Downtown Dubai | 5 B/R | 9,968 | AED 40M | 3,976 | Off-plan |
| 10 Feb 2022 | The Address Residences Dubai Opera Tower 2Downtown Dubai | 5 B/R | 10,629 | AED 39M | 3,705 | Off-plan |
| 4 Feb 2022 | Dorchester Collection DubaiBusiness Bay | 4 B/R | 7,797 | AED 35M | 4,502 | Off-plan |
| 23 Feb 2022 | Villa AmalfiJumeirah | 5 B/R | 7,012 | AED 30M | 4,279 | Completed |
| 1 Feb 2022 | Opera GrandDowntown Dubai | 5 B/R | 7,454 | AED 29M | 3,930 | 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 February 2022, answered
How many properties were sold in Dubai in February 2022?
5,142 residential sales were registered at the Dubai Land Department in February 2022, worth AED 10.7bn: 2,300 off-plan and 2,842 completed homes. That is 99% more than in February 2021, when 2,586 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 February 2022?
The dearest apartment or villa registered was an AED 69M off-plan one-bedroom home at Dorchester Collection Dubai, Business Bay — 17,712 sq ft at AED 3,890 a square foot, registered on 1 February. Next came AED 63M at Atlantis The Royal Residences, Palm Jumeirah, and AED 48M 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 February 2022?
Business Bay, with 482 registered sales, 249 of them off-plan; then Jumeirah Village Circle (381) and Damac Lagoons (348). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 2,662 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.