Area · Transactions · 2023

Business Bay Property Transactions 2023

10,195 property sales worth ⃃ 22.5B were registered in Business Bay in 2023, 1.0% lower than 2022 by number of sales. The median sale price was ⃃ 1,400,000 and the median price per square foot ⃃ 2,050 (+14.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 10,195 salesUpdated: 12 Nov 2026
Property sales
10,195
−1.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 22.5B
+27.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,400,000
+15.1% vs 2022
10,195 sales
Median price per sq ft
⃃ 2,050
+14.6% vs 2022
10,195 sales

What types of property sold in Business Bay in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial1,36113.3%⃃ 2.4B⃃ 1,134,000⃃ 1,185

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
Off-plan5,20651.1%⃃ 11.4B⃃ 1,633,500⃃ 2,316

What were the most expensive property sales in Business Bay in 2023?

The ten highest registered sale prices in the year.

No transactions on record for this selection.

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Peninsula Five Tower 31 bed · Apartment932 sq ft⃃ 1,760,793Resale · Off-plan
28/12/2023Peninsula Five Tower 32 beds · Apartment1,595 sq ft⃃ 2,906,148Resale · Off-plan
28/12/2023Nobles2 beds · Apartment1,475 sq ft⃃ 1,904,803Primary · Off-plan
28/12/2023Westburry Tower 1Commercial1,489 sq ft⃃ 1,563,303Resale · Ready
28/12/2023Millennium Binghatti Residences Business BayStudio · Apartment454 sq ft⃃ 920,000Resale · Ready
28/12/2023Westburry Tower 1Commercial1,456 sq ft⃃ 1,528,380Resale · Ready
28/12/2023Westburry Tower 1Commercial1,454 sq ft⃃ 1,526,805Resale · Ready
28/12/2023Damac Maison Canal Views1 bed · Apartment979 sq ft⃃ 1,450,000Resale · Ready
28/12/2023The Bay, Business Bay1 bed · Apartment796 sq ft⃃ 1,090,000Primary · Ready
28/12/2023The Bay, Business Bay1 bed · Apartment796 sq ft⃃ 1,372,000Primary · 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/business-bay/2023
Business Bay Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/business-bay/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 Business Bay in 2023?
10,195 property sales worth ⃃ 22,473,428,805 were registered in Business Bay in 2023. That is 1.0% lower than 2022.
What was the median property price in Business Bay in 2023?
The median sale price was ⃃ 1,400,000 and the median price per square foot ⃃ 2,050 (1 Jan – 31 Dec 2023).

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