Dubai property prices › Month by month › April 2024
The Dubai property market in April 2024
In April 2024 the Dubai Land Department registered 10,366 residential sales worth AED 23.3bn — 49% more than in April 2023, when it registered 6,937, and 48% more by value. Most were homes not yet built: 6,771 off-plan against 3,595 completed. A completed home changed hands at a median AED 1.59M, AED 1,214 a square foot — 6% more a foot than in April 2023.
The month in its year
April 2024 against the twelve months before it
10,366 sales in April 2024, against 6,937 in April 2023. Off-plan was 65% of the month, against 53% a year earlier.
Completed homes
What a completed home sold for in April 2024
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 | 513 | AED 480K | 1,100 |
| 1 B/R | 1,145 | AED 990K | 1,210 |
| 2 B/R | 749 | AED 1.89M | 1,352 |
| 3 B/R | 439 | AED 3.02M | 1,356 |
| 4 B/R | 132 | AED 3.56M | 1,371 |
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 April to 30 April. The busiest was 29 April: 963 sales, AED 2.3bn.
- Off-plan
- 6,771 sales at a median AED 1,709 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 763 of the 10,366, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 911 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 April, 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 |
|---|---|---|---|
| Jumeirah Village Circle | 1,571 | 1,299 | 1,100 |
| Zabeel | 1,120 | 1,088 | 2,640 |
| Business Bay | 617 | 388 | 1,685 |
| Dubai Hills Estate | 432 | 357 | 2,169 |
| Damac Lagoons | 370 | 249 | 1,521 |
| Dubai Sports City | 323 | 244 | 767 |
| Dubai Marina | 299 | 85 | 1,662 |
| Town Square | 294 | 234 | 1,007 |
| Arjan | 290 | 239 | 971 |
| Meydan | 274 | 206 | 1,608 |
| Downtown Dubai | 233 | 69 | 2,512 |
| Dubai Creek Harbour (The Lagoons) | 217 | 123 | 2,185 |
| Majan | 200 | 191 | 851 |
| Al Furjan | 196 | 146 | 1,054 |
| Mohammed Bin Rashid City | 185 | 65 | 1,961 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 5,231 | 14 |
| Dubai Harbour | 3,725 | 13 |
| Zabeel | 2,640 | 32 |
| Downtown Dubai | 2,512 | 164 |
| Palm Jumeirah | 2,186 | 84 |
| Dubai Creek Harbour (The Lagoons) | 2,185 | 94 |
| City Walk | 2,174 | 20 |
| Dubai Hills Estate | 2,169 | 75 |
| Mohammed Bin Rashid City | 1,961 | 120 |
| Bur Dubai | 1,899 | 12 |
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 April 2024
The 15 buildings with the most sales registered in April, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Address Residences Zabeel 3Zabeel | 400 | all | 2,477 |
| 2 | Address Residences Zabeel 4Zabeel | 392 | all | 2,644 |
| 3 | Binghatti AzureJumeirah Village Circle | 303 | all | 1,424 |
| 4 | Parkside HillsDubai Hills Estate | 275 | all | 2,149 |
| 5 | Address Residences Zabeel 2Zabeel | 214 | all | 2,788 |
| 6 | Binghatti TulipJumeirah Village Circle | 114 | all | 1,411 |
| 7 | Binghatti LavenderJumeirah Village Circle | 108 | all | 1,043 |
| 8 | Samana Barari Views 2Majan | 97 | all | 1,564 |
| 9 | Binghatti AmberJumeirah Village Circle | 94 | all | 1,072 |
| 10 | ElayaTown Square | 92 | all | 1,129 |
| 11 | Sportz By Danube Tower 1Dubai Sports City | 88 | all | 1,470 |
| 12 | Address Residences Zabeel 1Zabeel | 82 | all | 2,648 |
| 13 | OriaDubai Creek Harbour (The Lagoons) | 81 | all | 2,344 |
| 14 | Samana Barari ViewsMajan | 77 | all | 1,553 |
| 15 | Serene Gardens 2Al Furjan | 76 | all | 1,311 |
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. All 15 sold only off-plan in April.
The record sales
The dearest homes registered in April 2024
The dearest was an AED 81M off-plan four-bedroom home at Orla by Omniyat, Palm Jumeirah — 11,381 sq ft at AED 7,118 a square foot, registered on 29 April.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 29 Apr 2024 | Orla by OmniyatPalm Jumeirah | 4 B/R | 11,381 | AED 81M | 7,118 | Off-plan |
| 30 Apr 2024 | Burj Khalifa | 4 B/R | 7,466 | AED 80M | 10,716 | Completed |
| 25 Apr 2024 | Private ResidencesJumeirah | 4 B/R | 8,220 | AED 72M | 8,760 | Completed |
| 5 Apr 2024 | Jumeirah Second | 6 B/R | 11,302 | AED 69M | 6,105 | Off-plan |
| 22 Apr 2024 | Atlantis The Royal ResidencesPalm Jumeirah | 4 B/R | 5,476 | AED 61M | 11,139 | Completed |
| 17 Apr 2024 | One CanalAl Wasl | 4 B/R | 5,108 | AED 59M | 11,453 | Off-plan |
| 29 Apr 2024 | Al Jadaf | 4 B/R | 9,482 | AED 43M | 4,508 | Off-plan |
| 29 Apr 2024 | The Beachfront Villas by EllingtonMohammed Bin Rashid City | 6 B/R | 13,902 | AED 39M | 2,834 | Off-plan |
| 1 Apr 2024 | The Address Residences Dubai Opera Tower 1Downtown Dubai | 4 B/R | 6,973 | AED 38M | 5,378 | Completed |
| 3 Apr 2024 | SLS Residences the PalmPalm Jumeirah | 4 B/R | 6,398 | AED 37M | 5,800 | 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 April 2024, answered
How many properties were sold in Dubai in April 2024?
10,366 residential sales were registered at the Dubai Land Department in April 2024, worth AED 23.3bn: 6,771 off-plan and 3,595 completed homes. That is 49% more than in April 2023, when 6,937 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 April 2024?
The dearest apartment or villa registered was an AED 81M off-plan four-bedroom home at Orla by Omniyat, Palm Jumeirah — 11,381 sq ft at AED 7,118 a square foot, registered on 29 April. Next came AED 80M in the Land Department's Burj Khalifa area, and AED 72M at Private Residences, 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 April 2024?
Jumeirah Village Circle, with 1,571 registered sales, 1,299 of them off-plan; then Zabeel (1,120) and Business Bay (617). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 5,231 across 14 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.