Dubai property prices › Month by month › April 2022
The Dubai property market in April 2022
In April 2022 the Dubai Land Department registered 5,834 residential sales worth AED 13.0bn — 48% more than in April 2021, when it registered 3,955, and 74% more by value. Most were completed homes: 3,391, against 2,443 off-plan. A completed home changed hands at a median AED 1.67M, AED 1,071 a square foot — 29% more a foot than in April 2021.
The month in its year
April 2022 against the twelve months before it
5,834 sales in April 2022, against 3,955 in April 2021. Off-plan was 42% of the month, against 46% a year earlier.
Completed homes
What a completed home sold for in April 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 | 387 | AED 440K | 1,000 |
| 1 B/R | 913 | AED 785K | 970 |
| 2 B/R | 643 | AED 1.72M | 1,160 |
| 3 B/R | 378 | AED 2.59M | 1,187 |
| 4 B/R | 101 | AED 3.50M | 1,134 |
| 5 B/R | 12 | AED 4.92M | 1,192 |
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 April to 29 April. The busiest was 25 April: 467 sales, AED 954m.
- Off-plan
- 2,443 sales at a median AED 1,477 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,040 of the 5,834, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 1,357 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 April, 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 |
|---|---|---|---|
| Damac Lagoons | 482 | 0 | 1,101 |
| Business Bay | 481 | 310 | 1,492 |
| Jumeirah Village Circle | 428 | 171 | 902 |
| Downtown Dubai | 354 | 192 | 1,756 |
| Mohammed Bin Rashid City | 323 | 234 | 1,286 |
| Dubai Creek Harbour (The Lagoons) | 277 | 213 | 1,878 |
| Dubai Marina | 270 | 40 | 1,212 |
| Arabian Ranches 3 | 196 | 159 | 983 |
| Arjan | 190 | 148 | 857 |
| Dubai Hills Estate | 166 | 46 | 1,333 |
| Dubai South (Dubai World Central) | 157 | 140 | 617 |
| Palm Jumeirah | 148 | 18 | 2,141 |
| Dubai Harbour | 129 | 83 | 2,536 |
| Jumeirah Lake Towers | 122 | 15 | 956 |
| International City | 108 | 5 | 433 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 3,179 | 11 |
| Dubai Harbour | 2,536 | 46 |
| Umm Suqeim | 2,197 | 17 |
| Jumeirah | 2,179 | 16 |
| Palm Jumeirah | 2,141 | 130 |
| Dubai Creek Harbour (The Lagoons) | 1,878 | 64 |
| Downtown Dubai | 1,756 | 162 |
| Bur Dubai | 1,588 | 65 |
| Business Bay | 1,492 | 171 |
| Jumeirah Beach Residence | 1,380 | 58 |
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 April 2022
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | NiceDamac Lagoons | 157 | 0 | 1,101 |
| 2 | Peninsula TwoBusiness Bay | 155 | all | 1,779 |
| 3 | Bliss 2Arabian Ranches 3 | 125 | all | 1,442 |
| 4 | Costa Brava 1Damac Lagoons | 109 | 0 | 1,105 |
| 5 | Skyz by DanubeArjan | 108 | all | 1,230 |
| 6 | The St. Regis Residences - Tower 2Downtown Dubai | 106 | all | 2,670 |
| 7 | The Pulse BeachfrontDubai South (Dubai World Central) | 102 | all | 527 |
| 8 | PortofinoDamac Lagoons | 89 | 0 | 1,090 |
| 9 | TaliaThe Valley | 80 | all | 798 |
| 10 | La Violeta 1Villanova | 74 | all | 828 |
| 11 | Waves GrandeMohammed Bin Rashid City | 72 | all | 1,700 |
| 12 | SantoriniDamac Lagoons | 65 | 0 | 1,075 |
| 13 | Costa Brava 2Damac Lagoons | 62 | 0 | 1,154 |
| 14 | Reem TownhousesTown Square | 56 | all | 791 |
| 15 | Elite Downtown ResidenceDowntown Dubai | 56 | 1 | — |
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 April 2022
The dearest was an AED 49M off-plan four-bedroom home at Private Residences, Jumeirah — 8,219 sq ft at AED 6,000 a square foot, registered on 15 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 15 Apr 2022 | Private ResidencesJumeirah | 4 B/R | 8,219 | AED 49M | 6,000 | Off-plan |
| 4 Apr 2022 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 45M | 3,985 | Off-plan |
| 11 Apr 2022 | BV Residences 4Jumeirah Bay Island | 4 B/R | 9,439 | AED 40M | 4,238 | Completed |
| 25 Apr 2022 | BV Residences 1Jumeirah Bay Island | 3 B/R | 3,169 | AED 40M | 12,624 | Completed |
| 20 Apr 2022 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 8,875 | AED 39M | 4,394 | Completed |
| 5 Apr 2022 | The Address Residences Dubai Opera Tower 2Downtown Dubai | 5 B/R | 9,973 | AED 38M | 3,771 | Off-plan |
| 6 Apr 2022 | BV Residences 5Jumeirah Bay Island | 3 B/R | 6,835 | AED 33M | 4,828 | Off-plan |
| 27 Apr 2022 | One at Palm JumeirahPalm Jumeirah | 3 B/R | 4,160 | AED 30M | 7,212 | Completed |
| 20 Apr 2022 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 12,208 | AED 30M | 2,425 | Completed |
| 5 Apr 2022 | The Crescent W ResidencesPalm Jumeirah | 4 B/R | 8,493 | AED 29M | 3,364 | 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 April 2022, answered
How many properties were sold in Dubai in April 2022?
5,834 residential sales were registered at the Dubai Land Department in April 2022, worth AED 13.0bn: 2,443 off-plan and 3,391 completed homes. That is 48% more than in April 2021, when 3,955 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 April 2022?
The dearest apartment or villa registered was an AED 49M off-plan four-bedroom home at Private Residences, Jumeirah — 8,219 sq ft at AED 6,000 a square foot, registered on 15 April. Next came AED 45M at IL Primo, Downtown Dubai, and AED 40M at BV Residences 4, 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 April 2022?
Damac Lagoons, with 482 registered sales, 482 of them completed homes; then Business Bay (481) and Jumeirah Village Circle (428). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 3,179 across 11 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.