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Building · Transactions · 2023

Al Alka 1 Property Transactions 2023

6 property sales worth ⃃ 6.02M were registered in Al Alka 1 in 2023, 60.0% lower than 2022 by number of sales. The median sale price was ⃃ 940,000 and the median price per square foot ⃃ 1,200 (+20.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 6 salesUpdated: 14 Nov 2026
Property sales
6
−60.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 6.02M
−60.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 940,000
−6.0% vs 2022
6 sales
Median price per sq ft
⃃ 1,200
+20.7% vs 2022
6 sales

What types of property sold in Al Alka 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments6100%⃃ 6.02M⃃ 940,000⃃ 1,200

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)6100%⃃ 6.02M⃃ 940,000⃃ 1,200
Ready6100%⃃ 6.02M⃃ 940,000⃃ 1,200

How many rental contracts were registered in Al Alka 1 in 2023?

72 rental contracts (new and renewed) were registered in Al Alka 1 in 2023, at a median annual rent of ⃃ 70,000 (+16.7% on 2022). Rental yields in Al Alka 1

What were the most expensive property sales in Al Alka 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/05/2023Al Alka 12 beds · Apartment1,970 sq ft⃃ 1,800,000Resale · Ready
09/11/2023Al Alka 11 bed · Apartment720 sq ft⃃ 1,035,000Resale · Ready
21/09/2023Al Alka 11 bed · Apartment720 sq ft⃃ 970,000Resale · Ready
16/10/2023Al Alka 11 bed · Apartment728 sq ft⃃ 910,000Resale · Ready
06/11/2023Al Alka 11 bed · Apartment788 sq ft⃃ 905,504Resale · Ready
23/05/2023Al Alka 11 bed · Apartment729 sq ft⃃ 400,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
09/11/2023Al Alka 11 bed · Apartment720 sq ft⃃ 1,035,000Resale · Ready
06/11/2023Al Alka 11 bed · Apartment788 sq ft⃃ 905,504Resale · Ready
16/10/2023Al Alka 11 bed · Apartment728 sq ft⃃ 910,000Resale · Ready
21/09/2023Al Alka 11 bed · Apartment720 sq ft⃃ 970,000Resale · Ready
23/05/2023Al Alka 11 bed · Apartment729 sq ft⃃ 400,000Resale · Ready
18/05/2023Al Alka 12 beds · Apartment1,970 sq ft⃃ 1,800,000Resale · 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/al-alka-1/2023
Al Alka 1 Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/al-alka-1/2023

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 Al Alka 1 in 2023?
6 property sales worth ⃃ 6,020,504 were registered in Al Alka 1 in 2023. That is 60.0% lower than 2022.
What was the median property price in Al Alka 1 in 2023?
The median sale price was ⃃ 940,000 and the median price per square foot ⃃ 1,200 (1 Jan – 31 Dec 2023).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/al-alka-1/2023