Dubai property prices › Month by month › November 2024
The Dubai property market in November 2024
In November 2024 the Dubai Land Department registered 13,071 residential sales worth AED 29.8bn — 34% more than in November 2023, when it registered 9,777, and 17% more by value. Most were homes not yet built: 8,229 off-plan against 4,842 completed. A completed home changed hands at a median AED 1.37M, AED 1,273 a square foot — 10% more a foot than in November 2023.
The month in its year
November 2024 against the twelve months before it
13,071 sales in November 2024 — the fewest in a month since June 2024, against 9,777 in November 2023. Off-plan was 63% of the month, against 56% a year earlier.
Completed homes
What a completed home sold for in November 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 | 805 | AED 520K | 1,215 |
| 1 B/R | 1,562 | AED 900K | 1,152 |
| 2 B/R | 1,052 | AED 1.86M | 1,352 |
| 3 B/R | 475 | AED 3.10M | 1,521 |
| 4 B/R | 149 | AED 4.00M | 1,391 |
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, 1 November to 29 November. The busiest was 11 November: 943 sales, AED 1.9bn.
- Off-plan
- 8,229 sales at a median AED 1,619 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,505 of the 13,071, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 851 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 community | Sales | Off-plan | Completed AED/sqft |
|---|---|---|---|
| Jumeirah Village Circle | 1,432 | 998 | 1,207 |
| Dubai Land Residence Complex | 681 | 498 | 616 |
| Business Bay | 666 | 435 | 1,807 |
| Jumeirah Village Triangle | 665 | 636 | 1,008 |
| Dubai Marina | 499 | 241 | 1,640 |
| Dubai Hills Estate | 455 | 342 | 2,136 |
| Dubai South (Dubai World Central) | 450 | 385 | 1,047 |
| Dubai Land | 405 | 287 | 1,295 |
| Motor City | 404 | 209 | 703 |
| Jumeirah Lake Towers | 399 | 265 | 1,399 |
| Mohammed Bin Rashid City | 363 | 206 | 1,964 |
| Bukadra | 342 | 342 | — |
| Downtown Dubai | 328 | 122 | 2,531 |
| Damac Hills 2 | 318 | 119 | 1,107 |
| Arjan | 269 | 183 | 1,155 |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Dubai Harbour | 3,539 | 26 |
| Zabeel | 2,675 | 32 |
| Jumeirah | 2,604 | 18 |
| Downtown Dubai | 2,531 | 206 |
| Palm Jumeirah | 2,463 | 85 |
| City Walk | 2,458 | 17 |
| Dubai Creek Harbour (The Lagoons) | 2,199 | 82 |
| Dubai Hills Estate | 2,136 | 113 |
| Bur Dubai | 2,056 | 24 |
| Mohammed Bin Rashid City | 1,964 | 157 |
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 2024
The 15 buildings with the most sales registered in November, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Vida Residences Club Point ADubai Hills Estate | 128 | all | 2,270 |
| 2 | Binghatti ApexJumeirah Village Circle | 125 | all | 1,264 |
| 3 | Marina CoveDubai Marina | 122 | all | 2,606 |
| 4 | Skyscape AvenueBukadra | 117 | all | 2,415 |
| 5 | Seslia TowerJumeirah Village Triangle | 115 | all | 1,167 |
| 6 | GreenridgeDubai South (Dubai World Central) | 113 | all | 1,459 |
| 7 | LushDubai Investment Park (DIP) | 106 | all | 1,505 |
| 8 | Maya 3Dubai Land Residence Complex | 102 | 0 | 570 |
| 9 | Vida Residences Club Point BDubai Hills Estate | 100 | all | 2,290 |
| 10 | Binghatti RoyaleJumeirah Village Circle | 99 | all | 1,457 |
| 11 | Haven By Aldar 2Dubai Land | 93 | all | 1,501 |
| 12 | Sobha Orbis Tower EMotor City | 91 | all | 1,890 |
| 13 | Hammock ParkWasl Gate | 88 | all | 1,507 |
| 14 | Sobha Skyscape AuraMohammed Bin Rashid City | 82 | all | 2,348 |
| 15 | Park Views Residences ABur Dubai | 81 | all | 2,077 |
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 2024
The dearest was an AED 130M off-plan five-bedroom home at Six Senses Residences, Palm Jumeirah — 26,514 sq ft at AED 4,903 a square foot, registered on 14 November.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 14 Nov 2024 | Six Senses ResidencesPalm Jumeirah | 5 B/R | 26,514 | AED 130M | 4,903 | Off-plan |
| 14 Nov 2024 | Bugatti Residences By BinghattiBusiness Bay | 4 B/R | 15,267 | AED 110M | 7,212 | Off-plan |
| 8 Nov 2024 | Six Senses ResidencesDubai Marina | 5 B/R | 12,144 | AED 109M | 8,962 | Off-plan |
| 21 Nov 2024 | Dorchester Collection DubaiBusiness Bay | 4 B/R | 10,057 | AED 91M | 9,083 | Completed |
| 27 Nov 2024 | AVA at Palm Jumeirah By OmniyatPalm Jumeirah | 4 B/R | 7,582 | AED 79M | 10,372 | Off-plan |
| 21 Nov 2024 | Como ResidencesPalm Jumeirah | 4 B/R | 10,817 | AED 62M | 5,742 | Off-plan |
| 20 Nov 2024 | Baccarat Residence T2Downtown Dubai | 4 B/R | 9,657 | AED 59M | 6,080 | Off-plan |
| 5 Nov 2024 | BV Residences 1Jumeirah Bay Island | 3 B/R | 7,289 | AED 54M | 7,409 | Completed |
| 14 Nov 2024 | Como ResidencesPalm Jumeirah | 4 B/R | 9,344 | AED 54M | 5,744 | Off-plan |
| 21 Nov 2024 | Como ResidencesPalm Jumeirah | 3 B/R | 9,352 | AED 52M | 5,598 | 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 November 2024, answered
How many properties were sold in Dubai in November 2024?
13,071 residential sales were registered at the Dubai Land Department in November 2024, worth AED 29.8bn: 8,229 off-plan and 4,842 completed homes. That is 34% more than in November 2023, when 9,777 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 2024?
The dearest apartment or villa registered was an AED 130M off-plan five-bedroom home at Six Senses Residences, Palm Jumeirah — 26,514 sq ft at AED 4,903 a square foot, registered on 14 November. Next came AED 110M at Bugatti Residences By Binghatti, Business Bay, and AED 109M at Six Senses Residences, Dubai Marina. 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 2024?
Jumeirah Village Circle, with 1,432 registered sales, 998 of them off-plan; then Dubai Land Residence Complex (681) and Business Bay (666). The dearest, by the median price of a square foot of completed home, was Dubai Harbour at AED 3,539 across 26 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.