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Area · Transactions · 2023

Al Raffa Property Transactions 2023

16 property sales worth ⃃ 248.06M were registered in Al Raffa in 2023, 15.8% lower than 2022 by number of sales. The median sale price was ⃃ 5,100,000 and the median price per square foot ⃃ 1,295 (+13.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 16 salesUpdated: 14 Nov 2026
Property sales
16
−15.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 248.06M
+109.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 5,100,000
+387.7% vs 2022
16 sales
Median price per sq ft
⃃ 1,295
+13.2% vs 2022
16 sales

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)637.5%⃃ 20.36M⃃ 2,700,000⃃ 1,131
Resale (secondary)1062.5%⃃ 227.7M⃃ 10,268,001⃃ 1,370
Ready16100%⃃ 248.06M⃃ 5,100,000⃃ 1,295

How many rental contracts were registered in Al Raffa in 2023?

275 rental contracts (new and renewed) were registered in Al Raffa in 2023, at a median annual rent of ⃃ 65,000 (0.0% on 2022).

What were the most expensive property sales in Al Raffa in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/01/2023Al RaffaPlot46,074 sq ft⃃ 125,000,000Resale · Ready
31/07/2023Al RaffaPlot10,043 sq ft⃃ 27,963,371Resale · Ready
31/07/2023Al RaffaPlot24,568 sq ft⃃ 24,567,956Resale · Ready
09/08/2023Al RaffaPlot12,220 sq ft⃃ 18,000,000Resale · Ready
31/07/2023Al RaffaPlot15,358 sq ft⃃ 12,286,002Resale · Ready
26/09/2023Al RaffaPlot4,106 sq ft⃃ 8,250,000Resale · Ready
16/08/2023Al RaffaPlot5,134 sq ft⃃ 6,800,000Primary · Ready
08/08/2023Al RaffaPlot2,699 sq ft⃃ 5,200,000Primary · Ready
01/11/2023Al RaffaPlot2,750 sq ft⃃ 5,000,000Resale · Ready
09/01/2023Al RaffaPlot2,650 sq ft⃃ 3,700,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
15/11/2023Al RaffaPlot2,581 sq ft⃃ 2,560,000Resale · Ready
08/11/2023Al RaffaPlot15,358 sq ft⃃ 1,075,025Resale · Ready
01/11/2023Al RaffaPlot2,750 sq ft⃃ 5,000,000Resale · Ready
02/10/2023Al RaffaPlot2,581 sq ft⃃ 1,700,000Primary · Ready
26/09/2023Al RaffaPlot4,106 sq ft⃃ 8,250,000Resale · Ready
16/08/2023Al RaffaPlot5,134 sq ft⃃ 6,800,000Primary · Ready
09/08/2023Al RaffaPlot12,220 sq ft⃃ 18,000,000Resale · Ready
08/08/2023Al RaffaPlot2,699 sq ft⃃ 5,200,000Primary · Ready
31/07/2023Al RaffaPlot24,568 sq ft⃃ 24,567,956Resale · Ready
31/07/2023Al RaffaPlot10,043 sq ft⃃ 27,963,371Resale · 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-raffa/2023
Al Raffa Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/al-raffa/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 Raffa in 2023?
16 property sales worth ⃃ 248,057,354 were registered in Al Raffa in 2023. That is 15.8% lower than 2022.
What was the median property price in Al Raffa in 2023?
The median sale price was ⃃ 5,100,000 and the median price per square foot ⃃ 1,295 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Al Raffa were off-plan or from developers?
Developer (primary) sales were 37.5% of the 16 sales and resales 62.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/al-raffa/2023