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Building · Transactions · 2023

Bay Square - 01 Property Transactions 2023

15 property sales worth ⃃ 34.14M were registered in Bay Square - 01 in 2023, 275.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,950,000 and the median price per square foot ⃃ 1,202 (+14.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 15 salesUpdated: 14 Nov 2026
Property sales
15
+275.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 34.14M
+170.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,950,000
−37.6% vs 2022
15 sales
Median price per sq ft
⃃ 1,202
+14.8% vs 2022
15 sales

What types of property sold in Bay Square - 01 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments213.3%⃃ 3.54M⃃ 1,772,500⃃ 1,134
Commercial1386.7%⃃ 30.59M⃃ 2,243,712⃃ 1,250

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)15100%⃃ 34.14M⃃ 1,950,000⃃ 1,202

How many rental contracts were registered in Bay Square - 01 in 2023?

61 rental contracts (new and renewed) were registered in Bay Square - 01 in 2023, at a median annual rent of ⃃ 189,180 (+19.7% on 2022). Rental yields in Bay Square - 01

What were the most expensive property sales in Bay Square - 01 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/02/2023Bay Square - 01Commercial6,283 sq ft⃃ 4,818,078Resale · Ready
31/05/2023Bay Square - 01Commercial2,634 sq ft⃃ 3,160,000Resale · Ready
21/09/2023Bay Square - 01Commercial1,720 sq ft⃃ 3,000,000Resale · Ready
01/06/2023Bay Square - 01Commercial1,704 sq ft⃃ 2,556,540Resale · Ready
26/01/2023Bay Square - 01Commercial1,573 sq ft⃃ 2,377,257Resale · Ready
21/03/2023Bay Square - 01Commercial1,704 sq ft⃃ 2,368,888Resale · Ready
09/01/2023Bay Square - 01Commercial1,402 sq ft⃃ 2,243,712Resale · Ready
31/05/2023Bay Square - 01Commercial1,628 sq ft⃃ 1,950,000Resale · Ready
17/07/2023Bay Square - 01Commercial1,402 sq ft⃃ 1,950,000Resale · Ready
31/05/2023Bay Square - 01Commercial1,573 sq ft⃃ 1,890,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
23/10/2023Bay Square - 014 beds · Apartment1,563 sq ft⃃ 1,820,000Resale · Ready
21/09/2023Bay Square - 01Commercial1,720 sq ft⃃ 3,000,000Resale · Ready
17/07/2023Bay Square - 01Commercial1,402 sq ft⃃ 1,950,000Resale · Ready
01/06/2023Bay Square - 01Commercial1,704 sq ft⃃ 2,556,540Resale · Ready
31/05/2023Bay Square - 01Commercial1,628 sq ft⃃ 1,950,000Resale · Ready
31/05/2023Bay Square - 01Commercial2,634 sq ft⃃ 3,160,000Resale · Ready
31/05/2023Bay Square - 01Commercial1,573 sq ft⃃ 1,890,000Resale · Ready
09/05/2023Bay Square - 01Commercial1,720 sq ft⃃ 1,085,000Resale · Ready
14/04/2023Bay Square - 014 beds · Apartment1,563 sq ft⃃ 1,725,000Resale · Ready
21/03/2023Bay Square - 01Commercial1,704 sq ft⃃ 2,368,888Resale · 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/bay-square-01/2023
Bay Square - 01 Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/bay-square-01/2023

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 Bay Square - 01 in 2023?
15 property sales worth ⃃ 34,138,439 were registered in Bay Square - 01 in 2023. That is 275.0% higher than 2022.
What was the median property price in Bay Square - 01 in 2023?
The median sale price was ⃃ 1,950,000 and the median price per square foot ⃃ 1,202 (1 Jan – 31 Dec 2023).

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/bay-square-01/2023