Dubai property prices › Month by month › October 2022
The Dubai property market in October 2022
In October 2022 the Dubai Land Department registered 7,323 residential sales worth AED 18.5bn — 79% more than in October 2021, when it registered 4,091, and 99% more by value. Most were homes not yet built: 4,246 off-plan against 3,077 completed. A completed home changed hands at a median AED 1.34M, AED 993 a square foot — 6% more a foot than in October 2021.
The month in its year
October 2022 against the twelve months before it
7,323 sales in October 2022, against 4,091 in October 2021. Off-plan was 58% of the month, against 45% a year earlier.
Completed homes
What a completed home sold for in October 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 | 461 | AED 380K | 861 |
| 1 B/R | 920 | AED 818K | 1,032 |
| 2 B/R | 746 | AED 1.55M | 1,111 |
| 3 B/R | 380 | AED 2.50M | 947 |
| 4 B/R | 109 | AED 2.92M | 837 |
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, 3 October to 31 October. The busiest was 19 October: 501 sales, AED 1.5bn.
- Off-plan
- 4,246 sales at a median AED 1,862 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,045 of the 7,323, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 616 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 October, 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 | 972 | 799 | 1,379 |
| Jumeirah Village Circle | 626 | 411 | 890 |
| Dubai Hills Estate | 523 | 326 | 1,724 |
| Palm Jumeirah | 461 | 360 | 1,631 |
| Mohammed Bin Rashid City | 432 | 331 | 1,485 |
| Dubai Marina | 334 | 88 | 1,228 |
| Mudon | 273 | 258 | 943 |
| Dubai Creek Harbour (The Lagoons) | 243 | 190 | 1,689 |
| Downtown Dubai | 223 | 81 | 1,986 |
| Umm Suqeim | 209 | 197 | 2,603 |
| Dubai Harbour | 201 | 176 | 3,434 |
| Arjan | 200 | 150 | 884 |
| City Walk | 153 | 144 | 1,730 |
| International City | 131 | 0 | 475 |
| Jumeirah Lake Towers | 125 | 15 | 1,012 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Dubai Harbour | 3,434 | 25 |
| Bluewaters | 3,257 | 12 |
| Umm Suqeim | 2,603 | 12 |
| Jumeirah | 2,487 | 28 |
| Dubai Media City | 2,181 | 16 |
| Downtown Dubai | 1,986 | 142 |
| Dubai Hills Estate | 1,724 | 197 |
| Dubai Creek Harbour (The Lagoons) | 1,689 | 53 |
| Palm Jumeirah | 1,631 | 101 |
| Maritime City | 1,620 | 10 |
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 October 2022
The 15 buildings with the most sales registered in October, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Peninsula ThreeBusiness Bay | 284 | all | 2,178 |
| 2 | Aykon City Tower DBusiness Bay | 205 | all | 2,381 |
| 3 | Palm Beach Towers 1Palm Jumeirah | 178 | all | 3,235 |
| 4 | Hills ParkDubai Hills Estate | 168 | all | 1,784 |
| 5 | Binghatti HeightsJumeirah Village Circle | 159 | all | 777 |
| 6 | Aykon City Tower ABusiness Bay | 149 | all | 2,304 |
| 7 | Mudon Al Ranim 1Mudon | 136 | all | 1,068 |
| 8 | CastletonCity Walk | 128 | all | 2,166 |
| 9 | Beachgate by AddressDubai Harbour | 124 | all | 3,918 |
| 10 | Mudon Al Ranim 2Mudon | 121 | all | 1,096 |
| 11 | Binghatti LUNAJumeirah Village Circle | 119 | all | 805 |
| 12 | Serenia Living Tower 1Palm Jumeirah | 85 | all | 3,002 |
| 13 | Serenia Living Tower 2Palm Jumeirah | 73 | all | 2,916 |
| 14 | Address HillcrestDubai Hills Estate | 70 | 0 | 3,340 |
| 15 | Lime GardensDubai Hills Estate | 70 | all | 1,797 |
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 October 2022
The dearest was an AED 60M off-plan four-bedroom home at AVA at Palm Jumeirah By Omniyat, Palm Jumeirah — 7,240 sq ft at AED 8,267 a square foot, registered on 24 October.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 24 Oct 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 7,240 | AED 60M | 8,267 | Off-plan |
| 6 Oct 2022 | Serenia Living Tower 3Palm Jumeirah | 5 B/R | 13,383 | AED 55M | 4,110 | Off-plan |
| 20 Oct 2022 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 4,935 | AED 50M | 10,131 | Off-plan |
| 19 Oct 2022 | Dorchester Collection DubaiBusiness Bay | 4 B/R | 10,058 | AED 45M | 4,474 | Off-plan |
| 3 Oct 2022 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 7,320 | AED 42M | 5,738 | Off-plan |
| 6 Oct 2022 | Serenia Residences Building BPalm Jumeirah | 5 B/R | 12,090 | AED 36M | 2,978 | Completed |
| 10 Oct 2022 | Palm Jumeirah | 4 B/R | 6,537 | AED 35M | 5,331 | Off-plan |
| 5 Oct 2022 | Palm Jumeirah | 4 B/R | 6,537 | AED 34M | 5,235 | Off-plan |
| 10 Oct 2022 | Palm Jumeirah | 4 B/R | 6,537 | AED 33M | 5,062 | Off-plan |
| 26 Oct 2022 | Le ReveDubai Marina | 4 B/R | 14,349 | AED 32M | 2,230 | 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 October 2022, answered
How many properties were sold in Dubai in October 2022?
7,323 residential sales were registered at the Dubai Land Department in October 2022, worth AED 18.5bn: 4,246 off-plan and 3,077 completed homes. That is 79% more than in October 2021, when 4,091 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 October 2022?
The dearest apartment or villa registered was an AED 60M off-plan four-bedroom home at AVA at Palm Jumeirah By Omniyat, Palm Jumeirah — 7,240 sq ft at AED 8,267 a square foot, registered on 24 October. Next came AED 55M at Serenia Living Tower 3, Palm Jumeirah, and AED 50M at Atlantis The Royal 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 October 2022?
Business Bay, with 972 registered sales, 799 of them off-plan; then Jumeirah Village Circle (626) and Dubai Hills Estate (523). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 3,434 across 25 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.