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Area · Transactions · 2023

Downtown Dubai Property Transactions 2023

5,079 property sales worth ⃃ 19.2B were registered in Downtown Dubai in 2023, 0.6% lower than 2022 by number of sales. The median sale price was ⃃ 2,500,000 and the median price per square foot ⃃ 2,571 (+4.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 5,079 salesUpdated: 15 Nov 2026
Property sales
5,079
−0.6% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 19.2B
+14.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,500,000
+5.1% vs 2022
5,079 sales
Median price per sq ft
⃃ 2,571
+4.9% vs 2022
5,079 sales

What types of property sold in Downtown Dubai in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5,03499.1%⃃ 17.6B⃃ 2,500,000⃃ 2,564
Commercial380.7%⃃ 573.82M⃃ 13,542,253⃃ 3,690

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)1,47129%⃃ 5B⃃ 2,194,000⃃ 2,690
Resale (secondary)3,60871%⃃ 14.2B⃃ 2,750,000⃃ 2,471
Off-plan2,00639.5%⃃ 7.7B⃃ 2,528,444⃃ 2,718
Ready3,07360.5%⃃ 11.5B⃃ 2,500,000⃃ 2,295

How many rental contracts were registered in Downtown Dubai in 2023?

10,175 rental contracts (new and renewed) were registered in Downtown Dubai in 2023, at a median annual rent of ⃃ 125,000 (+13.6% on 2022). Rental yields in Downtown Dubai

What were the most expensive property sales in Downtown Dubai in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/04/2023One ResidencePlot55,483 sq ft⃃ 185,000,000Resale · Ready
03/11/2023Burj KhalifaPlot10,000 sq ft⃃ 180,000,000Primary · Ready
15/08/2023Burj KhalifaPlot51,439 sq ft⃃ 174,561,600Resale · Ready
10/05/2023Volta TowerPlot10,000 sq ft⃃ 150,000,000Resale · Ready
02/03/2023Burj KhalifaPlot76,844 sq ft⃃ 150,000,000Resale · Ready
02/06/2023Burj KhalifaPlot42,938 sq ft⃃ 120,000,000Resale · Ready
01/05/2023Rove Home Residences By IrthPlot40,131 sq ft⃃ 97,000,000Resale · Ready
08/05/2023Il Primo6 beds · Apartment18,889 sq ft⃃ 66,500,000Resale · Off-plan
21/06/2023Il Primo5 beds · Apartment11,333 sq ft⃃ 60,000,000Resale · Off-plan
15/12/2023Il Primo5 beds · Apartment11,331 sq ft⃃ 58,000,000Resale · Off-plan

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Rove Home Residences By IrthStudio · Apartment403 sq ft⃃ 1,324,888Primary · Off-plan
28/12/2023Burj Crown2 beds · Apartment1,072 sq ft⃃ 2,155,888Primary · Ready
28/12/2023Rove Home Residences By IrthStudio · Apartment416 sq ft⃃ 1,378,888Primary · Off-plan
28/12/2023The St. Regis Residences - Tower 22 beds · Apartment1,459 sq ft⃃ 3,520,000Resale · Off-plan
28/12/2023Grande2 beds · Apartment1,127 sq ft⃃ 5,400,000Resale · Off-plan
28/12/2023Imperial Avenue2 beds · Apartment1,473 sq ft⃃ 4,067,000Resale · Off-plan
28/12/2023Burj Royale3 beds · Apartment1,345 sq ft⃃ 2,831,888Primary · Ready
28/12/2023Forte T12 beds · Apartment1,097 sq ft⃃ 2,700,000Resale · Ready
28/12/2023Mada Residences Tower1 bed · Apartment1,101 sq ft⃃ 1,744,000Resale · Ready
28/12/2023The Address Residences Dubai Opera T13 beds · Apartment1,677 sq ft⃃ 9,500,000Resale · 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/downtown-dubai/2023
Downtown Dubai Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/downtown-dubai/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 Downtown Dubai in 2023?
5,079 property sales worth ⃃ 19,207,476,616 were registered in Downtown Dubai in 2023. That is 0.6% lower than 2022.
What was the median property price in Downtown Dubai in 2023?
The median sale price was ⃃ 2,500,000 and the median price per square foot ⃃ 2,571 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Downtown Dubai were off-plan or from developers?
Developer (primary) sales were 29% of the 5,079 sales and resales 71%. Off-plan units made up 39.5% and ready units 60.5%. Primary/resale and off-plan/ready are different splits.

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