Dubai property prices › Month by month › September 2022
The Dubai property market in September 2022
In September 2022 the Dubai Land Department registered 7,550 residential sales worth AED 16.4bn — 57% more than in September 2021, when it registered 4,818, and 54% more by value. Most were homes not yet built: 4,333 off-plan against 3,217 completed. A completed home changed hands at a median AED 1.35M, AED 987 a square foot — 10% more a foot than in September 2021.
The month in its year
September 2022 against the twelve months before it
7,550 sales in September 2022, against 4,818 in September 2021. Off-plan was 57% of the month, against 48% a year earlier.
Completed homes
What a completed home sold for in September 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 | 563 | AED 350K | 774 |
| 1 B/R | 888 | AED 773K | 957 |
| 2 B/R | 590 | AED 1.55M | 1,078 |
| 3 B/R | 326 | AED 2.52M | 1,062 |
| 4 B/R | 93 | AED 3.45M | 1,142 |
| 5 B/R | 18 | AED 4.00M | 1,188 |
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 September to 30 September. The busiest was 7 September: 504 sales, AED 1.1bn.
- Off-plan
- 4,333 sales at a median AED 1,713 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 947 of the 7,550, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 939 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 September, 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 | 985 | 783 | 1,395 |
| Dubai Hills Estate | 581 | 482 | 1,421 |
| Arjan | 577 | 513 | 871 |
| Jumeirah Village Circle | 413 | 196 | 857 |
| Al Safa | 306 | 306 | — |
| Damac Lagoons | 288 | 0 | 1,138 |
| Dubai Marina | 277 | 73 | 1,203 |
| Dubai Creek Harbour (The Lagoons) | 267 | 215 | 1,825 |
| Mohammed Bin Rashid City | 245 | 167 | 1,455 |
| Downtown Dubai | 237 | 122 | 1,736 |
| The Valley | 230 | 230 | — |
| Al Furjan | 201 | 166 | 794 |
| International City | 170 | 5 | 454 |
| Palm Jumeirah | 163 | 78 | 1,856 |
| Dubai Harbour | 142 | 115 | 2,745 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 3,293 | 17 |
| Dubai Harbour | 2,745 | 27 |
| Umm Suqeim | 2,455 | 14 |
| Jumeirah | 2,122 | 34 |
| Palm Jumeirah | 1,856 | 85 |
| Dubai Creek Harbour (The Lagoons) | 1,825 | 52 |
| Downtown Dubai | 1,736 | 115 |
| City Walk | 1,532 | 12 |
| Mohammed Bin Rashid City | 1,455 | 78 |
| Meydan | 1,426 | 16 |
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 September 2022
The 15 buildings with the most sales registered in September, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Peninsula ThreeBusiness Bay | 355 | all | 2,133 |
| 2 | OraniaThe Valley | 219 | all | 831 |
| 3 | Skyz by DanubeArjan | 187 | all | 1,245 |
| 4 | MaltaDamac Lagoons | 186 | 0 | 1,134 |
| 5 | Lime GardensDubai Hills Estate | 183 | all | 1,791 |
| 6 | Creek CrescentDubai Creek Harbour (The Lagoons) | 165 | all | 1,961 |
| 7 | Park Field Tower 2Dubai Hills Estate | 142 | all | 1,879 |
| 8 | Gemz by DanubeAl Furjan | 133 | all | 1,079 |
| 9 | Aykon City Tower ABusiness Bay | 118 | all | 2,337 |
| 10 | Binghatti CreekAl Jaddaf | 84 | all | 1,013 |
| 11 | Address The BayDubai Harbour | 83 | all | 2,999 |
| 12 | CF9 - BAl Safa | 82 | all | 2,163 |
| 13 | CF9 - AAl Safa | 82 | all | 2,163 |
| 14 | Torino by ORO24 - 6Arjan | 76 | all | 1,160 |
| 15 | Binghatti CanalBusiness Bay | 74 | all | 1,649 |
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 September 2022
The dearest was an AED 145M off-plan five-bedroom home in the Land Department's Um Suqaim Third area — 15,213 sq ft at AED 9,531 a square foot, registered on 22 September.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 22 Sept 2022 | Um Suqaim Third | 5 B/R | 15,213 | AED 145M | 9,531 | Off-plan |
| 22 Sept 2022 | Um Suqaim Third | 4 B/R | 12,283 | AED 120M | 9,769 | Off-plan |
| 7 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 92M | 3,473 | Off-plan |
| 28 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 90M | 3,376 | Off-plan |
| 7 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 87M | 3,285 | Off-plan |
| 14 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 83M | 3,112 | Off-plan |
| 21 Sept 2022 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 6,898 | AED 45M | 6,523 | Off-plan |
| 14 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 4 B/R | 6,467 | AED 39M | 5,986 | Off-plan |
| 29 Sept 2022 | Marina Gate 2Dubai Marina | 4 B/R | 11,663 | AED 38M | 3,258 | Completed |
| 28 Sept 2022 | Six Senses ResidencesPalm Jumeirah | 4 B/R | 6,477 | AED 38M | 5,821 | 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 September 2022, answered
How many properties were sold in Dubai in September 2022?
7,550 residential sales were registered at the Dubai Land Department in September 2022, worth AED 16.4bn: 4,333 off-plan and 3,217 completed homes. That is 57% more than in September 2021, when 4,818 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 September 2022?
The dearest apartment or villa registered was an AED 145M off-plan five-bedroom home in the Land Department's Um Suqaim Third area — 15,213 sq ft at AED 9,531 a square foot, registered on 22 September. Next came AED 120M in the Land Department's Um Suqaim Third area, and AED 92M at Six Senses 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 September 2022?
Business Bay, with 985 registered sales, 783 of them off-plan; then Dubai Hills Estate (581) and Arjan (577). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 3,293 across 17 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.