Dubai property prices › Month by month › December 2024
The Dubai property market in December 2024
In December 2024 the Dubai Land Department registered 13,658 residential sales worth AED 29.6bn — 43% more than in December 2023, when it registered 9,537, and 19% more by value. Most were homes not yet built: 9,279 off-plan against 4,379 completed. A completed home changed hands at a median AED 1.51M, AED 1,344 a square foot — 13% more a foot than in December 2023.
The month in its year
December 2024 against the twelve months before it
13,658 sales in December 2024, against 9,537 in December 2023. Off-plan was 68% of the month, against 57% a year earlier.
Completed homes
What a completed home sold for in December 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 | 715 | AED 550K | 1,282 |
| 1 B/R | 1,287 | AED 955K | 1,273 |
| 2 B/R | 924 | AED 1.89M | 1,398 |
| 3 B/R | 469 | AED 3.07M | 1,481 |
| 4 B/R | 136 | AED 4.00M | 1,539 |
| 5 B/R | 16 | AED 6.40M | 1,935 |
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, 2 December to 31 December. The busiest was 30 December: 1,508 sales, AED 2.5bn.
- Off-plan
- 9,279 sales at a median AED 1,685 a square foot — its own line, never blended into the completed-home medians.
- Villas
- 1,336 of the 13,658, as the register files them. A house sold with its plot is filed as land and is not counted here.
- Payment plans
- 916 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 December, 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 | 1,541 | 1,179 | 1,221 |
| Business Bay | 1,273 | 1,017 | 1,759 |
| Dubai Land Residence Complex | 812 | 689 | 797 |
| Dubai South (Dubai World Central) | 728 | 651 | 984 |
| Dubai Marina | 541 | 280 | 1,597 |
| Damac Hills 2 | 428 | 55 | 1,273 |
| Dubai Hills Estate | 393 | 277 | 2,160 |
| Dubai Science Park | 374 | 363 | 1,488 |
| Meydan | 331 | 176 | 1,798 |
| The Valley | 321 | 314 | 1,142 |
| Jumeirah Lake Towers | 319 | 194 | 1,378 |
| Jumeirah Village Triangle | 315 | 298 | 1,026 |
| Downtown Dubai | 293 | 100 | 2,356 |
| Mohammed Bin Rashid City | 280 | 160 | 1,903 |
| Bukadra | 275 | 275 | — |
| Dearest community | AED/sqft | Resales |
|---|---|---|
| Bluewaters | 5,533 | 12 |
| Dubai Harbour | 3,737 | 17 |
| Jumeirah | 2,885 | 17 |
| Zabeel | 2,770 | 24 |
| Palm Jumeirah | 2,623 | 94 |
| City Walk | 2,534 | 17 |
| Downtown Dubai | 2,356 | 193 |
| Dubai Creek Harbour (The Lagoons) | 2,245 | 93 |
| Dubai Hills Estate | 2,160 | 116 |
| Tilal Al Ghaf | 2,150 | 13 |
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 December 2024
The 15 buildings with the most sales registered in December, each linking its own recorded history.
| Building | Sales | Off-plan | AED/sqft | |
|---|---|---|---|---|
| 1 | Binghatti Skyrise Tower ABusiness Bay | 228 | all | 2,309 |
| 2 | Binghatti GhostAl Jaddaf | 185 | all | 1,601 |
| 3 | Binghatti Skyrise Tower BBusiness Bay | 174 | all | 2,270 |
| 4 | Velora 2The Valley | 150 | all | 1,161 |
| 5 | Neva ResidencesJumeirah Village Circle | 149 | all | 988 |
| 6 | Reportage Village 1Reportage Village | 147 | all | 1,292 |
| 7 | Violet 3Damac Hills 2 | 142 | 0 | 1,607 |
| 8 | Franck Muller VanguardDubai Marina | 131 | all | 2,649 |
| 9 | Binghatti Skyrise Tower CBusiness Bay | 130 | all | 2,291 |
| 10 | Binghatti Hills Tower 2Dubai Science Park | 127 | all | 1,342 |
| 11 | One By BinghattiBusiness Bay | 118 | all | 2,044 |
| 12 | Binghatti ApexJumeirah Village Circle | 114 | all | 1,149 |
| 13 | Al Habtoor TowerBusiness Bay | 111 | all | 2,572 |
| 14 | Samana IbizaDubai Land Residence Complex | 111 | all | 1,496 |
| 15 | GreenvilleDubai South (Dubai World Central) | 100 | all | 1,413 |
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 December 2024
The dearest was an AED 84M completed five-bedroom home at Bluewaters Residences Building 9, Bluewaters — 9,405 sq ft at AED 8,931 a square foot, registered on 4 December.
| Registered | Home | Layout | Sq ft | Price | AED/sqft | Sold |
|---|---|---|---|---|---|---|
| 4 Dec 2024 | Bluewaters Residences Building 9Bluewaters | 5 B/R | 9,405 | AED 84M | 8,931 | Completed |
| 2 Dec 2024 | The Alba Residences by OmniyatPalm Jumeirah | 4 B/R | 7,465 | AED 69M | 9,245 | Off-plan |
| 27 Dec 2024 | Atlantis The Royal ResidencesPalm Jumeirah | 2 B/R | 3,621 | AED 58M | 16,018 | Completed |
| 12 Dec 2024 | Dorchester Collection DubaiBusiness Bay | 1 B/R | 9,251 | AED 58M | 6,216 | Completed |
| 2 Dec 2024 | The Alba Residences by OmniyatPalm Jumeirah | 3 B/R | 5,642 | AED 50M | 8,950 | Off-plan |
| 18 Dec 2024 | The Alba Residences by OmniyatPalm Jumeirah | 3 B/R | 4,640 | AED 43M | 9,320 | Off-plan |
| 11 Dec 2024 | The Alba Residences by OmniyatPalm Jumeirah | 3 B/R | 4,638 | AED 41M | 8,755 | Off-plan |
| 12 Dec 2024 | Me'Aisem First | 6 B/R | 8,431 | AED 40M | 4,715 | Off-plan |
| 19 Dec 2024 | Royal Residences Jumeirah Zabeel SarayPalm Jumeirah | 5 B/R | 4,443 | AED 39M | 8,849 | Completed |
| 16 Dec 2024 | The Beachfront Villas by EllingtonMohammed Bin Rashid City | 6 B/R | 9,370 | AED 39M | 4,150 | 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 December 2024, answered
How many properties were sold in Dubai in December 2024?
13,658 residential sales were registered at the Dubai Land Department in December 2024, worth AED 29.6bn: 9,279 off-plan and 4,379 completed homes. That is 43% more than in December 2023, when 9,537 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 December 2024?
The dearest apartment or villa registered was an AED 84M completed five-bedroom home at Bluewaters Residences Building 9, Bluewaters — 9,405 sq ft at AED 8,931 a square foot, registered on 4 December. Next came AED 69M at The Alba Residences by Omniyat, Palm Jumeirah, and AED 58M at Atlantis The Royal Residences, 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 December 2024?
Jumeirah Village Circle, with 1,541 registered sales, 1,179 of them off-plan; then Business Bay (1,273) and Dubai Land Residence Complex (812). The dearest, by the median price of a square foot of completed home, was Bluewaters at AED 5,533 across 12 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.