Dubai property prices › Month by month › June 2022
The Dubai property market in June 2022
In June 2022 the Dubai Land Department registered 7,350 residential sales worth AED 16.2bn — 49% more than in June 2021, when it registered 4,945, and 69% more by value. Most were completed homes: 4,169, against 3,181 off-plan. A completed home changed hands at a median AED 1.61M, AED 1,052 a square foot — 18% more a foot than in June 2021.
The month in its year
June 2022 against the twelve months before it
7,350 sales in June 2022 — more than any month since January 2009, against 4,945 in June 2021. Off-plan was 43% of the month, against 40% a year earlier.
Completed homes
What a completed home sold for in June 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 | 514 | AED 400K | 920 |
| 1 B/R | 1,028 | AED 800K | 1,018 |
| 2 B/R | 791 | AED 1.64M | 1,097 |
| 3 B/R | 481 | AED 2.41M | 1,039 |
| 4 B/R | 135 | AED 3.44M | 1,054 |
| 5 B/R | 12 | AED 4.50M | 1,269 |
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 June to 30 June. The busiest was 27 June: 534 sales, AED 1.1bn.
- Off-plan
- 3,181 sales at a median AED 1,671 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,055 of the 7,350, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 1,493 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 June, 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 |
|---|---|---|---|
| Downtown Dubai | 737 | 558 | 1,744 |
| Damac Lagoons | 675 | 0 | 1,101 |
| Business Bay | 448 | 253 | 1,369 |
| Jumeirah Village Circle | 421 | 189 | 915 |
| Dubai Creek Harbour (The Lagoons) | 363 | 283 | 1,928 |
| Dubai Marina | 357 | 71 | 1,275 |
| Al Jaddaf | 270 | 243 | 921 |
| Dubai South (Dubai World Central) | 256 | 222 | 655 |
| Dubai Hills Estate | 250 | 84 | 1,346 |
| Mohammed Bin Rashid City | 201 | 133 | 1,318 |
| Al Furjan | 184 | 94 | 796 |
| Palm Jumeirah | 168 | 24 | 1,711 |
| Dubai Harbour | 160 | 137 | 2,803 |
| Jumeirah Lake Towers | 151 | 12 | 979 |
| Al Safa | 150 | 150 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 3,136 | 30 |
| Dubai Harbour | 2,803 | 23 |
| Jumeirah | 2,368 | 11 |
| Umm Suqeim | 2,268 | 21 |
| Dubai Creek Harbour (The Lagoons) | 1,928 | 80 |
| Zabeel | 1,925 | 12 |
| City Walk | 1,748 | 15 |
| Downtown Dubai | 1,744 | 179 |
| Palm Jumeirah | 1,711 | 144 |
| Bur Dubai | 1,490 | 43 |
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 June 2022
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | PortofinoDamac Lagoons | 307 | 0 | 1,126 |
| 2 | City Center ResidencesDowntown Dubai | 298 | all | 2,501 |
| 3 | Farhad Azizi ResidenceAl Jaddaf | 187 | all | 1,290 |
| 4 | NiceDamac Lagoons | 184 | 0 | 1,101 |
| 5 | Creek PalaceDubai Creek Harbour (The Lagoons) | 158 | all | 1,838 |
| 6 | The Pulse Beachfront 2Dubai South (Dubai World Central) | 138 | all | 502 |
| 7 | The St. Regis Residences - Tower 1Downtown Dubai | 120 | all | 2,989 |
| 8 | Peninsula Five - 3Business Bay | 94 | all | 1,968 |
| 9 | Costa Brava 1Damac Lagoons | 84 | 0 | 1,104 |
| 10 | Pearlz by DanubeAl Furjan | 63 | all | 1,079 |
| 11 | Elite Downtown ResidenceDowntown Dubai | 58 | 0 | 1,873 |
| 12 | SantoriniDamac Lagoons | 58 | 0 | 1,083 |
| 13 | Binghatti CreekAl Jaddaf | 56 | all | 1,016 |
| 14 | Damac City Tower BAl Safa | 55 | all | 2,204 |
| 15 | Beach Isle Tower 2Dubai Harbour | 52 | all | 2,500 |
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 June 2022
The dearest was an AED 73M completed seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 18,883 sq ft at AED 3,866 a square foot, registered on 29 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 29 Jun 2022 | Emirates Golf Club VillasEmirates Golf Club | 7 B/R | 18,883 | AED 73M | 3,866 | Completed |
| 14 Jun 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 8,108 | AED 60M | 7,430 | Off-plan |
| 14 Jun 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 7,818 | AED 57M | 7,332 | Off-plan |
| 30 Jun 2022 | BV Residences 4Jumeirah Bay Island | 4 B/R | 9,439 | AED 50M | 5,297 | Completed |
| 9 Jun 2022 | IL PrimoDowntown Dubai | 5 B/R | 11,407 | AED 50M | 4,383 | Off-plan |
| 14 Jun 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 6,876 | AED 49M | 7,065 | Off-plan |
| 7 Jun 2022 | Five Luxe JBRJumeirah Beach Residence | 6 B/R | 9,935 | AED 48M | 4,806 | Off-plan |
| 23 Jun 2022 | One at Palm JumeirahPalm Jumeirah | 4 B/R | 5,791 | AED 46M | 7,944 | Completed |
| 14 Jun 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 3 B/R | 6,448 | AED 44M | 6,782 | Off-plan |
| 7 Jun 2022 | Dorchester Collection DubaiBusiness Bay | 4 B/R | 7,783 | AED 41M | 5,206 | Off-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 June 2022, answered
How many properties were sold in Dubai in June 2022?
7,350 residential sales were registered at the Dubai Land Department in June 2022, worth AED 16.2bn: 3,181 off-plan and 4,169 completed homes. That is 49% more than in June 2021, when 4,945 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 June 2022?
The dearest apartment or villa registered was an AED 73M completed seven-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 18,883 sq ft at AED 3,866 a square foot, registered on 29 June. Next came AED 60M at AVA at Palm Jumeirah By Omniyat, Palm Jumeirah, and AED 57M at AVA at Palm Jumeirah By Omniyat, 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 June 2022?
Downtown Dubai, with 737 registered sales, 558 of them off-plan; then Damac Lagoons (675) and Business Bay (448). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 3,136 across 30 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.