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Dubai property prices › Month by month › November 2022

The Dubai property market in November 2022

In November 2022 the Dubai Land Department registered 9,640 residential sales worth AED 23.6bn — 63% more than in November 2021, when it registered 5,921, and 78% more by value. Most were homes not yet built: 5,255 off-plan against 4,385 completed. A completed home changed hands at a median AED 1.41M, AED 1,101 a square foot — 20% more a foot than in November 2021.

Sales registered
9,640
+63% on November 2021 (5,921)
Value
AED 23.6bn
+78% on November 2021 (AED 13.2bn)
Off-plan
5,255
55% of the month · 4,385 completed
Completed homes, median
AED 1,101
per sq ft · AED 1.41M a home · +20% on November 2021

The month in its year

November 2022 against the twelve months before it

Residential sales registered, by monthOff-planResale9,640 in November 2022
5,921
9,640
NDJ2022FMAMJJASON

9,640 sales in November 2022 — more than any month since January 2009, against 5,921 in November 2021. Off-plan was 55% of the month, against 52% a year earlier.

Completed homes

What a completed home sold for in November 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
Studio584AED 399K917
1 B/R1,251AED 874K1,141
2 B/R955AED 1.57M1,210
3 B/R569AED 2.15M1,025
4 B/R130AED 2.89M1,070
5 B/R13AED 5.50M1,329

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 November to 30 November. The busiest was 3 November: 688 sales, AED 1.6bn.
Off-plan
5,255 sales at a median AED 1,806 a square foot — its own line, never blended into the completed-home medians.
Villas
1,107 of the 9,640, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
1,652 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 November, 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
Mohammed Bin Rashid City8547931,550
Business Bay8515211,611
Palm Jumeirah6375162,186
Jumeirah Village Circle608347924
Dubai Hills Estate4722601,735
Damac Lagoons39701,137
Dubai Marina3891221,345
Dubai Creek Harbour (The Lagoons)3292321,780
Downtown Dubai3051601,794
Jumeirah Lake Towers2481411,011
International City2290461
Dubai Harbour2151773,400
Meydan2061791,293
Al Safa196196—
Damac Hills193361,057
Dearest communityAED/sqftResales
Bluewaters3,77831
Dubai Harbour3,40038
Jumeirah2,62239
Umm Suqeim2,43218
Palm Jumeirah2,186121
City Walk1,84810
Downtown Dubai1,794145
Dubai Creek Harbour (The Lagoons)1,78097
Dubai Hills Estate1,735212
Bur Dubai1,638116

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 November 2022

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

The dearest was an AED 145M completed six-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 20,756 sq ft at AED 6,986 a square foot, registered on 16 November.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
16 Nov 2022Emirates Golf Club VillasEmirates Golf Club6 B/R20,756AED 145M6,986Completed
18 Nov 2022Six Senses ResidencesPalm Jumeirah5 B/R26,514AED 81M3,060Off-plan
3 Nov 2022Dorchester Collection DubaiBusiness Bay4 B/R10,060AED 66M6,541Off-plan
16 Nov 2022One at Palm JumeirahPalm Jumeirah4 B/R7,172AED 62M8,575Completed
7 Nov 2022Atlantis The Royal ResidencesPalm Jumeirah3 B/R7,035AED 58M8,202Off-plan
4 Nov 2022Dorchester Collection DubaiBusiness Bay4 B/R11,409AED 57M5,004Off-plan
28 Nov 2022Jumeirah Second5 B/R10,601AED 52M4,900Off-plan
2 Nov 2022Six Senses ResidencesPalm Jumeirah4 B/R7,230AED 48M6,572Off-plan
7 Nov 2022Damac City Tower AAl Safa5 B/R9,033AED 44M4,917Off-plan
2 Nov 2022Six Senses ResidencesPalm Jumeirah4 B/R6,456AED 39M6,041Off-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 November 2022, answered

How many properties were sold in Dubai in November 2022?

9,640 residential sales were registered at the Dubai Land Department in November 2022, worth AED 23.6bn: 5,255 off-plan and 4,385 completed homes. That is 63% more than in November 2021, when 5,921 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 November 2022?

The dearest apartment or villa registered was an AED 145M completed six-bedroom home at Emirates Golf Club Villas, Emirates Golf Club — 20,756 sq ft at AED 6,986 a square foot, registered on 16 November. Next came AED 81M at Six Senses Residences, Palm Jumeirah, and AED 66M at Dorchester Collection Dubai, Business Bay. 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 November 2022?

Mohammed Bin Rashid City, with 854 registered sales, almost all of them off-plan; then Business Bay (851) and Palm Jumeirah (637). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 3,778 across 31 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 30 Nov 2022.

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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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