Area · Transactions · 2020

Business Bay Property Transactions 2020

2,551 property sales worth ⃃ 3.5B were registered in Business Bay in 2020, 3.6% lower than 2019 by number of sales. The median sale price was ⃃ 1,110,000 and the median price per square foot ⃃ 1,402 (−7.5% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 2,551 salesUpdated: 19 Oct 2026
Property sales
2,551
−3.6% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 3.5B
−4.2% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 1,110,000
+12.9% vs 2019
2,551 sales
Median price per sq ft
⃃ 1,402
−7.5% vs 2019
2,551 sales

What types of property sold in Business Bay in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments2,07481.3%⃃ 2.8B⃃ 1,199,000⃃ 1,520
Commercial47518.6%⃃ 571.61M⃃ 675,000⃃ 735

How were 2020 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)1,81371.1%⃃ 2.7B⃃ 1,295,000⃃ 1,562
Resale (secondary)73828.9%⃃ 783.96M⃃ 758,242⃃ 796
Off-plan1,28950.5%⃃ 1.7B⃃ 1,280,000⃃ 1,564
Ready1,26249.5%⃃ 1.7B⃃ 1,000,000⃃ 997

How many rental contracts were registered in Business Bay in 2020?

15,552 rental contracts (new and renewed) were registered in Business Bay in 2020, at a median annual rent of ⃃ 68,135 (−11.5% on 2019). Rental yields in Business Bay

What were the most expensive property sales in Business Bay in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/08/2020Luxury Family Residences 3Plot33,920 sq ft⃃ 61,650,000Primary · Ready
08/09/2020Volante5 beds · Apartment10,805 sq ft⃃ 35,000,000Primary · Ready
16/01/2020Burj PacificCommercial16,910 sq ft⃃ 16,910,250Resale · Off-plan
18/05/2020Volante2 beds · Apartment5,040 sq ft⃃ 15,600,000Primary · Ready
13/10/2020Volante2 beds · Apartment5,049 sq ft⃃ 15,600,000Primary · Ready
12/08/2020Volante2 beds · Apartment5,043 sq ft⃃ 15,000,000Primary · Ready
24/11/2020Vision TowerCommercial10,839 sq ft⃃ 13,007,364Resale · Ready
20/07/2020Vision TowerCommercial11,130 sq ft⃃ 11,129,780Resale · Ready
23/07/2020Vision TowerCommercial10,912 sq ft⃃ 10,912,020Resale · Ready
30/12/2020West WharfCommercial3,059 sq ft⃃ 6,800,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
31/12/2020Bayz Tower1 bed · Apartment786 sq ft⃃ 1,087,900Primary · Off-plan
31/12/2020Elite Business Bay ResidenceStudio · Apartment501 sq ft⃃ 594,900Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 594,900Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 597,600Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 592,200Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment501 sq ft⃃ 592,200Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 608,400Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 605,700Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment501 sq ft⃃ 600,300Primary · Ready
31/12/2020Elite Business Bay ResidenceStudio · Apartment506 sq ft⃃ 600,300Primary · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2020 with the whole of 2019.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/business-bay/2020
Business Bay Property Transactions 2020. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/business-bay/2020

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Business Bay in 2020?
2,551 property sales worth ⃃ 3,456,241,649 were registered in Business Bay in 2020. That is 3.6% lower than 2019.
What was the median property price in Business Bay in 2020?
The median sale price was ⃃ 1,110,000 and the median price per square foot ⃃ 1,402 (1 Jan – 31 Dec 2020).
What share of 2020 sales in Business Bay were off-plan or from developers?
Developer (primary) sales were 71.1% of the 2,551 sales and resales 28.9%. Off-plan units made up 50.5% and ready units 49.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/business-bay/2020