Dubai Property Report - September 2020


Outstanding performance for The Dubai property market in September 2020 featuring over 3,843 transactions with an increase of 56.5% MoM. The total value of the sales transactions reached AED 8.9B. The breakdown of the transactions in September 2020 vs. September 2019 was as follows:

  • 2,339 (-14.3%) Apartments for AED 2.8B

  • 804 (+22%) Villas for AED 1.4B

  • 125 (+11.6%)  Commercial for AED 149.4M

  • 575 (+62.4%) Plots for AED 4.6B

Median Prices

The prices on the ready property market are what matters most because even if you are going to buy off-plan property, chances are that once it is ready, you can sell. The median property prices in Dubai, in general, are shown below - 

  • Ready apartment at 740K AED  (-7.5% MoM)

  • Ready villa at AED at 1.5M AED (-13.7% MoM)

  • Off-plan apartment at AED 1.1M (+44.2% MoM)

  • Off-plan villa at AED 1.4M (-14.8% MoM)

Sales Value Proportions

Regarding apartments, 55% of the cash transactions fall within the below AED 1M category, and 34% in the range of AED 1-2M.

For villas, 88% of the cash transactions fall in the range of AED 1-2M and 5% in the range of AED 2-3M.

Off-plan vs. Ready Transactions

Off-plan sales grew high where the transactions of off-plan villas produced 63% vs. 37% for the ready. In terms of apartments, the off-plan transactions made up 55% vs. 45% for the ready apartment transactions.

Types of Property

The highest-grossing property type was the apartments at 61%, with Villas scaling at 21%, followed by Plots at 15% and the least grossing were Commercial properties at 3%.

Top Performing Areas

The top 5 performing areas for the off-plan apartments were:

Area Volume
MBR City (Al Merkadh) 195
Dubai Creek Harbour 122
Business Bay 122
Jumeirah Village Circle (JVC) 109
Downtown Dubai 90


For ready apartments, Dubai Marina came first with a transaction of 178 apartments.  The top 5 performing areas for the ready apartments were:

Area Volume
Dubai Marina 178
Jumeirah Village Circle (JVC) 113
Downtown Dubai 95
Town Square 92
Al Hebiah Fourth 82


Regarding the off-plan villas, the top-performing areas were:

Area Volume
Al Hebiah Fourth 428
Wadi Al Safa 5 71
Dubai South 45
Town Square 16
Wadi Al Safa 7 11


For the ready villas, the top-performing areas were:

Area Volume
Town Square 34
Al Thanayah Fourth 24
Mira 23
Wadi Al Safa 7 23
Dubai Hills Estates 22

And, finally, for the plots, the top-performing areas were:

Area Volume
Nad Al Sheba Third 84
Mudon, Damac Hills 51
JLT, Jumeirah Park, Jumeirah Islands 32
Dubai Hills Estate 32
Jabal Ali First 28


Most Expensive Properties

Top projects with the most expensive sold apartments

  1. AED 59M IL Primo in Downtown Dubai

  2. AED 35M Volante in Business Bay

  3. AED 19M Address Residences Sky View  in Downtown Dubai

  4. AED 12M One at Palm Jumeirah in Palm Jumeirah

  5. AED 11M Opera Grand in Downtown Dubai

Top areas with the most expensive sold villas

  1. AED 19M World Islands

  2. AED 18M Palm Jumeirah

  3. AED 7M Island 2

  4. AED 6M MBR City

  5. AED 5M Dubai Hills Estate

We expect market conditions to start improving further by the beginning of 2021, providing flights are back to normal and project launches remain idle. 

For more insights, visit:


  1. The data source is the Dubai Land Department

  2. Some villa transactions are registered in the Dubai Land Department as plots.

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