Project · Transactions · 2023

1 Residences Property Transactions 2023

449 property sales worth ⃃ 1B were registered in 1 Residences in 2023, 140.1% higher than 2022 by number of sales. The median sale price was ⃃ 2,274,587 and the median price per square foot ⃃ 1,752 (+3.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 449 salesUpdated: 12 Nov 2026
Property sales
449
+140.1% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 1B
+168.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,274,587
+10.8% vs 2022
449 sales
Median price per sq ft
⃃ 1,752
+3.8% vs 2022
449 sales

What types of property sold in 1 Residences in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments449100%⃃ 1B⃃ 2,274,587⃃ 1,752

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
Primary (developer sales)42394.2%⃃ 966.66M⃃ 2,266,299⃃ 1,743
Resale (secondary)265.8%⃃ 55.9M⃃ 2,325,000⃃ 1,833
Ready449100%⃃ 1B⃃ 2,274,587⃃ 1,752

How many rental contracts were registered in 1 Residences in 2023?

281 rental contracts (new and renewed) were registered in 1 Residences in 2023, at a median annual rent of ⃃ 125,000 (−10.7% on 2022). Rental yields in 1 Residences

What were the most expensive property sales in 1 Residences in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
01/05/20231 Residences - 23 beds · Apartment1,932 sq ft⃃ 5,458,370Primary · Ready
18/01/20231 Residences - 13 beds · Apartment2,022 sq ft⃃ 5,244,012Primary · Ready
15/04/20231 Residences - 13 beds · Apartment1,951 sq ft⃃ 5,210,394Primary · Ready
18/01/20231 Residences - 13 beds · Apartment2,015 sq ft⃃ 5,196,608Primary · Ready
02/05/20231 Residences - 23 beds · Apartment1,956 sq ft⃃ 5,171,775Primary · Ready
06/01/20231 Residences - 13 beds · Apartment1,951 sq ft⃃ 4,975,916Primary · Ready
19/01/20231 Residences - 13 beds · Apartment1,915 sq ft⃃ 4,880,722Primary · Ready
23/01/20231 Residences - 13 beds · Apartment1,956 sq ft⃃ 4,866,969Primary · Ready
25/01/20231 Residences - 13 beds · Apartment1,932 sq ft⃃ 4,835,836Primary · Ready
03/04/20231 Residences - 13 beds · Apartment1,951 sq ft⃃ 4,706,770Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/20231 Residences - 22 beds · Apartment1,330 sq ft⃃ 2,578,751Primary · Ready
28/12/20231 Residences - 12 beds · Apartment1,425 sq ft⃃ 2,427,754Primary · Ready
27/12/20231 Residences - 12 beds · Apartment1,267 sq ft⃃ 2,098,368Primary · Ready
18/12/20231 Residences - 22 beds · Apartment1,429 sq ft⃃ 3,001,582Resale · Ready
18/12/20231 Residences - 22 beds · Apartment1,273 sq ft⃃ 3,026,778Resale · Ready
18/12/20231 Residences - 22 beds · Apartment1,502 sq ft⃃ 3,065,677Resale · Ready
13/12/20231 Residences - 12 beds · Apartment1,273 sq ft⃃ 2,580,000Resale · Ready
01/12/20231 Residences - 11 bed · Apartment934 sq ft⃃ 1,650,000Resale · Ready
17/11/20231 Residences - 22 beds · Apartment1,273 sq ft⃃ 2,580,000Resale · Ready
14/11/20231 Residences - 22 beds · Apartment1,273 sq ft⃃ 2,400,000Resale · 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-residences/2023
1 Residences Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/1-residences/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 Residences in 2023?
449 property sales worth ⃃ 1,022,559,593 were registered in 1 Residences in 2023. That is 140.1% higher than 2022.
What was the median property price in 1 Residences in 2023?
The median sale price was ⃃ 2,274,587 and the median price per square foot ⃃ 1,752 (1 Jan – 31 Dec 2023).
What share of 2023 sales in 1 Residences were off-plan or from developers?
Developer (primary) sales were 94.2% of the 449 sales and resales 5.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/1-residences/2023