Roots Land report details the number of transactions and sales prices of apartments in Dubai in the first half of 2016. The report categorizes the properties into studios and one-, two- and three-bedroom homes and provides a breakdown of the number of apartments sold every month, sales prices and the most expensive apartment sold in any given area – Dubai Marina or Business Bay, for example. Here are some of the highlights and the full report is available on the Property Watch website.
Figure 1: Two maps of Dubai showing the number of transactions per location and total value of sales since the start of 2016.
Apartments Sales Transactions 2016
Total Apartments Selling Prices 2016
In the first half of the year, the highest number of transactions (830) was recorded in Dubai Marina followed by Business Bay (555). JLT and Palm Jumeirah also made the top four, with a total of 429 and 199 transactions respectively.
The research suggests that the most preferred type of apartment to buy in Dubai is a one-bedroom property. In the past two quarters, owners in Dubai Marina have seen a greater return on their investment than owners in other areas of Dubai. The apartments sold there had the highest combined value, followed by Business Bay, Palm Jumeirah and Jumeirah Lake Towers (JLT).
Prices in [AED] by Area & number of Bedrooms
Transactions by Area & number of Bedrooms
Business Bay Transactions and Price
by Area & number of Bedrooms
Dubai Marina Transactions & Price
by Area and number of Bedrooms
Palm Jumeirah Transactions & Price
by Area and number of Bedrooms
Jumeirah Lake Towers Transactions & Price
by Area and number of Bedrooms
Apartment Transactions
by Month and Area
Apartment Prices by Month & Area
At Dubai Marina and Palm Jumeirah, the highest number of monthly sales occurred in June. In Business Bay, March had the highest number of transactions, but June had the highest value of transactions at AED 213,564,081. Palm Jumeirah had a high of AED 147,044,041 in May, and Dubai Marina had its best month in June with total sales fetching AED 290,990,141.
The three most expensive apartments sold in the first half of 2016.
The most expensive property sold for AED 15,600,000 in May in Business Bay – this was a three-bedroom apartment in Armani Residences, Burj Khalifa.
The second most expensive apartment – a three-bedroom property within the Fairmont Palm Residences on Palm Jumeirah – sold for AED 9,245,000 in February.
The third most expensive apartment sold for AED 6,000,000 in May and was located in Emirates Crown Tower at Dubai Marina.
Palm Jumeirah Transactions & Price
by Area & number of Bedrooms
Dubai Marina Transactions & Price
by Area & number of Bedrooms
Business Bay Transactions & Price
by Area & number of Bedrooms
Elena Bratu
Research Analyst, Roots Land Real Estate
