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Dubai property prices › Month by month › September 2024

The Dubai property market in September 2024

In September 2024 the Dubai Land Department registered 16,401 residential sales worth AED 35.9bn — 38% more than in September 2023, when it registered 11,926, and 29% more by value. Most were homes not yet built: 11,170 off-plan against 5,231 completed. A completed home changed hands at a median AED 1.40M, AED 1,215 a square foot — 7% more a foot than in September 2023.

Sales registered
16,401
+38% on September 2023 (11,926)
Value
AED 35.9bn
+29% on September 2023 (AED 27.9bn)
Off-plan
11,170
68% of the month · 5,231 completed
Completed homes, median
AED 1,215
per sq ft · AED 1.40M a home · +7% on September 2023

The month in its year

September 2024 against the twelve months before it

Residential sales registered, by monthOff-planResale16,401 in September 2024
11,926
16,401
S2023ONDJ2024FMAMJJAS

16,401 sales in September 2024 — more than any month since January 2009, against 11,926 in September 2023. Off-plan was 68% of the month, against 64% a year earlier.

Completed homes

What a completed home sold for in September 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.

LayoutSalesMedian priceAED/sqft
Studio790AED 494K1,103
1 B/R1,680AED 850K1,076
2 B/R1,014AED 1.72M1,282
3 B/R436AED 2.83M1,391
4 B/R123AED 3.70M1,359
5 B/R10AED 5.85M1,794

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, 2 September to 30 September. The busiest was 25 September: 1,374 sales, AED 3.0bn.
Off-plan
11,170 sales at a median AED 1,691 a square foot — its own line, never blended into the completed-home medians.
Villas
1,971 of the 16,401, as the register files them. A house sold with its plot is filed as land and is not counted here.
Payment plans
1,370 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 communitySalesOff-planCompleted AED/sqft
Jumeirah Village Circle1,5651,0411,070
Damac Hills 21,0735601,172
Dubai South (Dubai World Central)1,012911934
Dubai Hills Estate8487372,129
Bukadra670670—
Dubai Land6384621,279
Dubai Creek Harbour (The Lagoons)6275492,226
Business Bay6113731,734
Dubai Investment Park (DIP)568549612
Jumeirah Lake Towers4683241,300
Damac Lagoons4172661,481
Meydan4132731,650
Dubai Land Residence Complex383297742
Dubai Marina3721551,573
Mohammed Bin Rashid City3652321,938
Dearest communityAED/sqftResales
Dubai Harbour3,61232
Zabeel2,87616
Downtown Dubai2,351144
City Walk2,34216
Dubai Creek Harbour (The Lagoons)2,22678
Palm Jumeirah2,19574
Dubai Hills Estate2,129111
Mohammed Bin Rashid City1,938133
Bur Dubai1,91417
Wadi Al Safa 21,80620

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 2024

The 15 buildings with the most sales registered in September, 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 September 2024

The dearest was an AED 275M completed five-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 31,694 sq ft at AED 8,677 a square foot, registered on 26 September.

RegisteredHomeLayoutSq ftPriceAED/sqftSold
26 Sept 2024One at Palm JumeirahPalm Jumeirah5 B/R31,694AED 275M8,677Completed
30 Sept 2024Eome ResidencesPalm Jumeirah6 B/R25,143AED 203M8,074Off-plan
10 Sept 2024One CanalAl Wasl3 B/R9,694AED 120M12,379Off-plan
19 Sept 2024Six Senses ResidencesDubai Marina5 B/R10,638AED 99M9,312Off-plan
2 Sept 2024Amali IslandThe World Islands6 B/R86,897AED 79M906Off-plan
5 Sept 2024Amali IslandThe World Islands6 B/R38,860AED 68M1,750Off-plan
18 Sept 2024Amali IslandThe World Islands6 B/R35,207AED 68M1,931Off-plan
18 Sept 2024Amali IslandThe World Islands5 B/R37,647AED 64M1,693Off-plan
13 Sept 2024Six Senses ResidencesPalm Jumeirah4 B/R10,769AED 63M5,850Off-plan
12 Sept 2024Luxury Family Residences IIIBusiness Bay6 B/R12,659AED 58M4,582Off-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 2024, answered

How many properties were sold in Dubai in September 2024?

16,401 residential sales were registered at the Dubai Land Department in September 2024, worth AED 35.9bn: 11,170 off-plan and 5,231 completed homes. That is 38% more than in September 2023, when 11,926 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 2024?

The dearest apartment or villa registered was an AED 275M completed five-bedroom home at One at Palm Jumeirah, Palm Jumeirah — 31,694 sq ft at AED 8,677 a square foot, registered on 26 September. Next came AED 203M at Eome Residences, Palm Jumeirah, and AED 120M at One Canal, Al Wasl. 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 2024?

Jumeirah Village Circle, with 1,565 registered sales, 1,041 of them off-plan; then Damac Hills 2 (1,073) and Dubai South (Dubai World Central) (1,012). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 3,612 across 32 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 Sept 2024.

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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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