Area · Transactions · 2021

Business Bay Property Transactions 2021

5,165 property sales worth ⃃ 7.8B were registered in Business Bay in 2021, 102.5% higher than 2020 by number of sales. The median sale price was ⃃ 1,124,000 and the median price per square foot ⃃ 1,387 (−1.0% on 2020).

Period: 1 Jan – 31 Dec 2021Compared with: 2020Sample: 5,165 salesUpdated: 17 Oct 2026
Property sales
5,165
+102.5% vs 2020
1 Jan – 31 Dec 2021
Total value
⃃ 7.8B
+125.7% vs 2020
1 Jan – 31 Dec 2021
Median sale price
⃃ 1,124,000
+1.3% vs 2020
5,165 sales
Median price per sq ft
⃃ 1,387
−1.0% vs 2020
5,165 sales

What types of property sold in Business Bay in 2021?

1 Jan – 31 Dec 2021

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4,39885.2%⃃ 6.7B⃃ 1,157,279⃃ 1,431
Commercial76214.8%⃃ 935.35M⃃ 750,000⃃ 795

How were 2021 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)3,80473.6%⃃ 6.1B⃃ 1,204,627⃃ 1,475
Resale (secondary)1,36126.4%⃃ 1.7B⃃ 820,000⃃ 911
Off-plan2,55549.5%⃃ 4.2B⃃ 1,190,000⃃ 1,450
Ready2,61050.5%⃃ 3.6B⃃ 1,000,000⃃ 1,158

How many rental contracts were registered in Business Bay in 2021?

20,993 rental contracts (new and renewed) were registered in Business Bay in 2021, at a median annual rent of ⃃ 65,000 (−4.6% on 2020). Rental yields in Business Bay

What were the most expensive property sales in Business Bay in 2021?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
25/10/2021Binghatti CanalPlot39,139 sq ft⃃ 68,700,000Resale · Ready
11/03/2021Business BayPlot37,283 sq ft⃃ 59,692,150Resale · Ready
05/10/2021Dorchester Collection Dubai3 beds · Apartment10,977 sq ft⃃ 43,000,000Primary · Off-plan
26/09/2021Volante5 beds · Apartment10,805 sq ft⃃ 39,520,000Primary · Ready
28/07/2021Dorchester Collection Dubai4 beds · Apartment10,058 sq ft⃃ 36,950,000Primary · Off-plan
12/04/2021Tiger Sky TowerPlot58,926 sq ft⃃ 35,000,000Resale · Ready
28/07/2021Dorchester Collection Dubai4 beds · Apartment10,057 sq ft⃃ 34,195,500Primary · Off-plan
16/12/2021Dorchester Collection Dubai4 beds · Apartment7,697 sq ft⃃ 30,266,618Primary · Off-plan
03/10/2021Volante5 beds · Apartment10,788 sq ft⃃ 30,000,000Resale · Ready
08/09/2021Dorchester Collection Dubai4 beds · Apartment7,912 sq ft⃃ 29,394,000Primary · Off-plan

What were the last registered sales of 2021?

DatePropertyTypeSizePriceMarket
30/12/2021Regalia3 beds · Apartment1,820 sq ft⃃ 2,509,689Primary · Off-plan
30/12/2021Regalia2 beds · Apartment1,179 sq ft⃃ 1,717,142Primary · Off-plan
30/12/2021Regalia1 bed · Apartment719 sq ft⃃ 1,043,900Primary · Off-plan
30/12/2021Regalia1 bed · Apartment713 sq ft⃃ 974,914Primary · Off-plan
30/12/2021Regalia2 beds · Apartment1,179 sq ft⃃ 1,725,685Primary · Off-plan
30/12/2021Regalia1 bed · Apartment810 sq ft⃃ 1,053,340Primary · Off-plan
30/12/2021Regalia1 bed · Apartment721 sq ft⃃ 993,214Primary · Off-plan
30/12/2021Regalia2 beds · Apartment1,179 sq ft⃃ 1,710,023Primary · Off-plan
30/12/2021Regalia1 bed · Apartment726 sq ft⃃ 1,057,328Primary · Off-plan
30/12/2021Regalia1 bed · Apartment710 sq ft⃃ 965,763Primary · Off-plan

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 2021 with the whole of 2020.
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/2021
Business Bay Property Transactions 2021. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/business-bay/2021

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 2021?
5,165 property sales worth ⃃ 7,799,323,709 were registered in Business Bay in 2021. That is 102.5% higher than 2020.
What was the median property price in Business Bay in 2021?
The median sale price was ⃃ 1,124,000 and the median price per square foot ⃃ 1,387 (1 Jan – 31 Dec 2021).
What share of 2021 sales in Business Bay were off-plan or from developers?
Developer (primary) sales were 73.6% of the 5,165 sales and resales 26.4%. Off-plan units made up 49.5% and ready units 50.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/business-bay/2021