Dubai property prices › Month by month › June 2024
The Dubai property market in June 2024
In June 2024 the Dubai Land Department registered 12,639 residential sales worth AED 31.9bn — 39% more than in June 2023, when it registered 9,105, and 44% more by value. Most were homes not yet built: 7,672 off-plan against 4,967 completed. A completed home changed hands at a median AED 1.89M, AED 1,224 a square foot — 8% more a foot than in June 2023.
The month in its year
June 2024 against the twelve months before it
12,639 sales in June 2024, against 9,105 in June 2023. Off-plan was 61% of the month, against 54% a year earlier.
Completed homes
What a completed home sold for in June 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 | 662 | AED 480K | 1,100 |
| 1 B/R | 1,225 | AED 900K | 1,164 |
| 2 B/R | 931 | AED 1.90M | 1,384 |
| 3 B/R | 480 | AED 2.80M | 1,404 |
| 4 B/R | 154 | AED 3.44M | 1,252 |
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
- 19, 3 June to 28 June. The busiest was 3 June: 1,325 sales, AED 4.1bn.
- Off-plan
- 7,672 sales at a median AED 1,638 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,210 of the 12,639, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 1,693 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 June, 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 | 1,101 | 799 | 1,060 |
| Business Bay | 1,056 | 788 | 1,751 |
| Dubai Land | 833 | 131 | 1,262 |
| Meydan | 740 | 644 | 1,655 |
| Arjan | 493 | 385 | 1,151 |
| Damac Hills 2 | 386 | 29 | 1,137 |
| Dubai Hills Estate | 378 | 267 | 2,091 |
| Dubai Land Residence Complex | 366 | 311 | 744 |
| Mohammed Bin Rashid City | 365 | 230 | 1,925 |
| Dubai Marina | 341 | 107 | 1,576 |
| Dubai Creek Harbour (The Lagoons) | 336 | 247 | 2,168 |
| Dubai South (Dubai World Central) | 334 | 247 | 906 |
| Dubai Sports City | 316 | 204 | 791 |
| Town Square | 267 | 200 | 1,038 |
| Jumeirah Lake Towers | 255 | 116 | 1,374 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 5,354 | 16 |
| Dubai Harbour | 3,525 | 11 |
| Umm Suqeim | 3,134 | 11 |
| Zabeel | 2,762 | 44 |
| Jumeirah | 2,694 | 12 |
| Downtown Dubai | 2,488 | 163 |
| Dubai Creek Harbour (The Lagoons) | 2,168 | 89 |
| City Walk | 2,112 | 17 |
| Dubai Hills Estate | 2,091 | 111 |
| Wadi Al Safa 2 | 2,062 | 28 |
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 June 2024
The 15 buildings with the most sales registered in June, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | The AcresDubai Land | 513 | 0 | 1,384 |
| 2 | Bayz 101 by DanubeBusiness Bay | 297 | all | 3,179 |
| 3 | Cove Living Residence by ImtiazDubai Land Residence Complex | 231 | all | 1,194 |
| 4 | ValoDubai Creek Harbour (The Lagoons) | 202 | all | 2,427 |
| 5 | OasisDubai Land | 192 | 115 | — |
| 6 | MAG 330City of Arabia | 177 | all | 1,283 |
| 7 | Lana On The ParkTown Square | 129 | all | 1,289 |
| 8 | NaturaDamac Hills 2 | 122 | 0 | 1,326 |
| 9 | Skyhills Residences 1Dubai Science Park | 113 | all | 1,475 |
| 10 | GreenwayDubai South (Dubai World Central) | 111 | all | 1,329 |
| 11 | Azizi Riviera 44Meydan | 108 | all | 2,074 |
| 12 | Skyhills Residences 2Jumeirah Village Circle | 106 | all | 1,347 |
| 13 | Park GreensDamac Hills 2 | 104 | 0 | 1,172 |
| 14 | Celia HeightsMajan | 102 | all | 1,172 |
| 15 | Azizi Riviera 41Meydan | 94 | all | 1,807 |
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 June 2024
The dearest was an AED 148M off-plan five-bedroom home at Bulgari Lighthouse, Jumeirah — 11,655 sq ft at AED 12,712 a square foot, registered on 10 June.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 10 Jun 2024 | Bulgari LighthouseJumeirah | 5 B/R | 11,655 | AED 148M | 12,712 | Off-plan |
| 10 Jun 2024 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 122M | 4,601 | Off-plan |
| 3 Jun 2024 | Serenia Living Tower 3Palm Jumeirah | 5 B/R | 18,818 | AED 110M | 5,845 | Off-plan |
| 20 Jun 2024 | Orla InfinityPalm Jumeirah | 4 B/R | 8,360 | AED 75M | 8,940 | Off-plan |
| 12 Jun 2024 | Casa CanalAl Wasl | 6 B/R | 12,136 | AED 56M | 4,643 | Off-plan |
| 6 Jun 2024 | Five Luxe JBRJumeirah Beach Residence | 6 B/R | 14,094 | AED 54M | 3,832 | Completed |
| 7 Jun 2024 | Six Senses ResidencesPalm Jumeirah | 4 B/R | 7,361 | AED 49M | 6,657 | Off-plan |
| 12 Jun 2024 | VolanteBusiness Bay | 5 B/R | 13,165 | AED 46M | 3,469 | Completed |
| 12 Jun 2024 | Casa CanalAl Wasl | 5 B/R | 9,185 | AED 45M | 4,899 | Off-plan |
| 12 Jun 2024 | Bugatti Residences By BinghattiBusiness Bay | 4 B/R | 7,753 | AED 40M | 5,113 | 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 June 2024, answered
How many properties were sold in Dubai in June 2024?
12,639 residential sales were registered at the Dubai Land Department in June 2024, worth AED 31.9bn: 7,672 off-plan and 4,967 completed homes. That is 39% more than in June 2023, when 9,105 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 June 2024?
The dearest apartment or villa registered was an AED 148M off-plan five-bedroom home at Bulgari Lighthouse, Jumeirah — 11,655 sq ft at AED 12,712 a square foot, registered on 10 June. Next came AED 122M at Six Senses Residences, Palm Jumeirah, and AED 110M at Serenia Living Tower 3, 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 June 2024?
Jumeirah Village Circle, with 1,101 registered sales, 799 of them off-plan; then Business Bay (1,056) and Dubai Land (833). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 5,354 across 16 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.