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Dubai property prices › Month by month › July 2022

The Dubai property market in July 2022

In July 2022 the Dubai Land Department registered 6,020 residential sales worth AED 13.3bn — 67% more than in July 2021, when it registered 3,612, and 71% more by value. Most were completed homes: 3,198, against 2,822 off-plan. A completed home changed hands at a median AED 1.60M, AED 1,061 a square foot — 19% more a foot than in July 2021.

Sales registered
6,020
+67% on July 2021 (3,612)
Value
AED 13.3bn
+71% on July 2021 (AED 7.8bn)
Off-plan
2,822
47% of the month · 3,198 completed
Completed homes, median
AED 1,061
per sq ft · AED 1.60M a home · +19% on July 2021

The month in its year

July 2022 against the twelve months before it

Residential sales registered, by monthOff-planResale6,020 in July 2022
3,612
6,020
J2021ASONDJ2022FMAMJJ

6,020 sales in July 2022, against 3,612 in July 2021. Off-plan was 47% of the month, against 45% a year earlier.

Completed homes

What a completed home sold for in July 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
Studio407AED 390K903
1 B/R804AED 800K1,037
2 B/R579AED 1.60M1,116
3 B/R399AED 2.65M1,115
4 B/R110AED 3.33M1,063

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 July to 29 July. The busiest was 14 July: 608 sales, AED 1.3bn.
Off-plan
2,822 sales at a median AED 1,620 a square foot — its own line, never blended into the completed-home medians.
Villas
810 of the 6,020, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
1,175 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 July, 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
Downtown Dubai5784651,750
Business Bay5503031,370
Damac Lagoons46601,137
Dubai Creek Harbour (The Lagoons)3042381,786
Jumeirah Village Circle26676922
Dubai Hills Estate2481311,461
Dubai Marina243411,352
Mohammed Bin Rashid City2091701,370
Al Furjan189125817
Arjan174117886
Town Square154115803
Umm Suqeim1471402,456
International City1420454
Dubai Harbour1401182,855
Al Safa138138—
Dearest communityAED/sqftResales
Bluewaters4,01511
Dubai Harbour2,85522
Jumeirah2,34610
Dubai Creek Harbour (The Lagoons)1,78666
Palm Jumeirah1,78595
Downtown Dubai1,750113
Bur Dubai1,51131
Dubai Hills Estate1,461117
Business Bay1,370247
Mohammed Bin Rashid City1,37039

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 July 2022

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

The dearest was an AED 56M completed four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 8,291 sq ft at AED 6,755 a square foot, registered on 27 July.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
27 Jul 2022One at Palm JumeirahPalm Jumeirah4 B/R8,291AED 56M6,755Completed
6 Jul 2022Dorchester Collection DubaiBusiness Bay4 B/R7,923AED 45M5,680Off-plan
13 Jul 2022AVA at Palm Jumeirah By OmniyatPalm Jumeirah4 B/R7,320AED 44M5,970Off-plan
15 Jul 2022One at Palm JumeirahPalm Jumeirah4 B/R6,268AED 44M6,940Completed
14 Jul 2022Royal Residences Jumeirah Zabeel SarayPalm Jumeirah5 B/R4,443AED 43M9,757Completed
18 Jul 2022Six Senses ResidencesPalm Jumeirah4 B/R6,459AED 39M5,976Off-plan
15 Jul 2022AVA at Palm Jumeirah By OmniyatPalm Jumeirah3 B/R6,294AED 38M6,098Off-plan
28 Jul 2022One at Palm JumeirahPalm Jumeirah4 B/R7,066AED 37M5,236Completed
21 Jul 2022Palme Couture ResidencesPalm Jumeirah3 B/R4,937AED 35M7,090Completed
14 Jul 2022Le Ciel - Building 3Jumeirah5 B/R7,248AED 33M4,500Off-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 July 2022, answered

How many properties were sold in Dubai in July 2022?

6,020 residential sales were registered at the Dubai Land Department in July 2022, worth AED 13.3bn: 2,822 off-plan and 3,198 completed homes. That is 67% more than in July 2021, when 3,612 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 July 2022?

The dearest apartment or villa registered was an AED 56M completed four-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 8,291 sq ft at AED 6,755 a square foot, registered on 27 July. Next came AED 45M at Dorchester Collection Dubai, Business Bay, and AED 44M 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 July 2022?

Downtown Dubai, with 578 registered sales, 465 of them off-plan; then Business Bay (550) and Damac Lagoons (466). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 4,015 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.

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 Jul 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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