Skip to content

Building · Transactions · 2023

Bay Square - 03 Property Transactions 2023

11 property sales worth ⃃ 27.45M were registered in Bay Square - 03 in 2023, 56.0% lower than 2022 by number of sales. The median sale price was ⃃ 2,140,337 and the median price per square foot ⃃ 1,364 (+10.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 11 salesUpdated: 14 Nov 2026
Property sales
11
−56.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 27.45M
−50.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,140,337
−1.6% vs 2022
11 sales
Median price per sq ft
⃃ 1,364
+10.9% vs 2022
11 sales

What types of property sold in Bay Square - 03 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments327.3%⃃ 3.02M⃃ 900,000⃃ 1,187
Commercial872.7%⃃ 24.43M⃃ 3,106,723⃃ 1,364

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)11100%⃃ 27.45M⃃ 2,140,337⃃ 1,364
Ready11100%⃃ 27.45M⃃ 2,140,337⃃ 1,364

How many rental contracts were registered in Bay Square - 03 in 2023?

53 rental contracts (new and renewed) were registered in Bay Square - 03 in 2023, at a median annual rent of ⃃ 103,518 (+38.4% on 2022). Rental yields in Bay Square - 03

What were the most expensive property sales in Bay Square - 03 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
26/01/2023Bay Square - 03Commercial3,823 sq ft⃃ 5,149,549Resale · Ready
17/07/2023Bay Square - 03Commercial2,553 sq ft⃃ 3,770,000Resale · Ready
26/01/2023Bay Square - 03Commercial2,625 sq ft⃃ 3,512,214Resale · Ready
07/07/2023Bay Square - 03Commercial1,956 sq ft⃃ 3,370,000Resale · Ready
18/04/2023Bay Square - 03Commercial1,896 sq ft⃃ 2,843,445Resale · Ready
26/01/2023Bay Square - 03Commercial1,569 sq ft⃃ 2,140,337Resale · Ready
26/01/2023Bay Square - 03Commercial1,569 sq ft⃃ 2,140,337Resale · Ready
04/04/2023Bay Square - 03Commercial1,573 sq ft⃃ 1,500,000Resale · Ready
13/04/2023Bay Square - 031 bed · Apartment1,224 sq ft⃃ 1,300,000Resale · Ready
17/10/2023Bay Square - 03Studio · Apartment563 sq ft⃃ 900,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
17/10/2023Bay Square - 03Studio · Apartment563 sq ft⃃ 900,000Resale · Ready
19/09/2023Bay Square - 03Studio · Apartment691 sq ft⃃ 820,000Resale · Ready
17/07/2023Bay Square - 03Commercial2,553 sq ft⃃ 3,770,000Resale · Ready
07/07/2023Bay Square - 03Commercial1,956 sq ft⃃ 3,370,000Resale · Ready
18/04/2023Bay Square - 03Commercial1,896 sq ft⃃ 2,843,445Resale · Ready
13/04/2023Bay Square - 031 bed · Apartment1,224 sq ft⃃ 1,300,000Resale · Ready
04/04/2023Bay Square - 03Commercial1,573 sq ft⃃ 1,500,000Resale · Ready
26/01/2023Bay Square - 03Commercial3,823 sq ft⃃ 5,149,549Resale · Ready
26/01/2023Bay Square - 03Commercial1,569 sq ft⃃ 2,140,337Resale · Ready
26/01/2023Bay Square - 03Commercial1,569 sq ft⃃ 2,140,337Resale · 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-03/2023
Bay Square - 03 Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/bay-square-03/2023

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 - 03 in 2023?
11 property sales worth ⃃ 27,445,882 were registered in Bay Square - 03 in 2023. That is 56.0% lower than 2022.
What was the median property price in Bay Square - 03 in 2023?
The median sale price was ⃃ 2,140,337 and the median price per square foot ⃃ 1,364 (1 Jan – 31 Dec 2023).

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/bay-square-03/2023