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Project · Transactions · 2023

1 Lake Plaza Property Transactions 2023

29 property sales worth ⃃ 25.9M were registered in 1 Lake Plaza in 2023, 3.3% lower than 2022 by number of sales. The median sale price was ⃃ 867,000 and the median price per square foot ⃃ 740 (+26.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 29 salesUpdated: 15 Nov 2026
Property sales
29
−3.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 25.9M
+22.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 867,000
+24.0% vs 2022
29 sales
Median price per sq ft
⃃ 740
+26.3% vs 2022
29 sales

What types of property sold in 1 Lake Plaza in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial29100%⃃ 25.9M⃃ 867,000⃃ 740

How were 2023 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
Resale (secondary)29100%⃃ 25.9M⃃ 867,000⃃ 740
Ready29100%⃃ 25.9M⃃ 867,000⃃ 740

How many rental contracts were registered in 1 Lake Plaza in 2023?

281 rental contracts (new and renewed) were registered in 1 Lake Plaza in 2023, at a median annual rent of ⃃ 78,000 (+3.9% on 2022). Rental yields in 1 Lake Plaza

What were the most expensive property sales in 1 Lake Plaza in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
23/05/20231 Lake PlazaCommercial1,910 sq ft⃃ 1,919,840Resale · Ready
23/05/20231 Lake PlazaCommercial1,373 sq ft⃃ 1,380,160Resale · Ready
12/10/20231 Lake PlazaCommercial1,570 sq ft⃃ 1,340,000Resale · Ready
10/03/20231 Lake PlazaCommercial1,619 sq ft⃃ 1,230,524Resale · Ready
22/03/20231 Lake PlazaCommercial1,675 sq ft⃃ 1,190,000Resale · Ready
26/07/20231 Lake PlazaCommercial1,910 sq ft⃃ 1,081,000Resale · Ready
27/02/20231 Lake PlazaCommercial1,619 sq ft⃃ 1,075,000Resale · Ready
26/01/20231 Lake PlazaCommercial1,605 sq ft⃃ 1,071,883Resale · Ready
27/02/20231 Lake PlazaCommercial1,345 sq ft⃃ 995,000Resale · Ready
25/07/20231 Lake PlazaCommercial1,910 sq ft⃃ 915,795Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
26/12/20231 Lake PlazaCommercial608 sq ft⃃ 760,000Resale · Ready
09/11/20231 Lake PlazaCommercial916 sq ft⃃ 725,000Resale · Ready
06/11/20231 Lake PlazaCommercial1,021 sq ft⃃ 825,000Resale · Ready
12/10/20231 Lake PlazaCommercial1,570 sq ft⃃ 1,340,000Resale · Ready
06/09/20231 Lake PlazaCommercial1,021 sq ft⃃ 822,000Resale · Ready
23/08/20231 Lake PlazaCommercial550 sq ft⃃ 723,000Resale · Ready
26/07/20231 Lake PlazaCommercial1,910 sq ft⃃ 1,081,000Resale · Ready
26/07/20231 Lake PlazaCommercial1,605 sq ft⃃ 820,000Resale · Ready
25/07/20231 Lake PlazaCommercial1,910 sq ft⃃ 915,795Resale · Ready
25/07/20231 Lake PlazaCommercial1,605 sq ft⃃ 259,245Resale · 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 2023 with the whole of 2022.
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/1-lake-plaza/2023
1 Lake Plaza Property Transactions 2023. DXBinteract, data to 15 Nov 2026. https://dxbinteract.com/dubai-property-transactions/1-lake-plaza/2023

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 1 Lake Plaza in 2023?
29 property sales worth ⃃ 25,904,246 were registered in 1 Lake Plaza in 2023. That is 3.3% lower than 2022.
What was the median property price in 1 Lake Plaza in 2023?
The median sale price was ⃃ 867,000 and the median price per square foot ⃃ 740 (1 Jan – 31 Dec 2023).

Last updated · data to 15 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/1-lake-plaza/2023