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Building · Transactions · 2022

Elite Residence 1 Property Transactions 2022

9 property sales worth ⃃ 2.97M were registered in Elite Residence 1 in 2022, 18.2% lower than 2021 by number of sales. The median sale price was ⃃ 350,000 and the median price per square foot ⃃ 547 (+6.2% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 9 salesUpdated: 15 Nov 2026
Property sales
9
−18.2% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 2.97M
−7.7% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 350,000
+32.1% vs 2021
9 sales
Median price per sq ft
⃃ 547
+6.2% vs 2021
9 sales

What types of property sold in Elite Residence 1 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments9100%⃃ 2.97M⃃ 350,000⃃ 547

How were 2022 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)9100%⃃ 2.97M⃃ 350,000⃃ 547
Ready9100%⃃ 2.97M⃃ 350,000⃃ 547

How many rental contracts were registered in Elite Residence 1 in 2022?

198 rental contracts (new and renewed) were registered in Elite Residence 1 in 2022, at a median annual rent of ⃃ 28,000 (+6.7% on 2021). Rental yields in Elite Residence 1

What were the most expensive property sales in Elite Residence 1 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
26/01/2022Elite Residence 11 bed · Apartment823 sq ft⃃ 380,000Resale · Ready
14/02/2022Elite Residence 11 bed · Apartment795 sq ft⃃ 370,000Resale · Ready
30/03/2022Elite Residence 11 bed · Apartment781 sq ft⃃ 360,600Resale · Ready
10/08/2022Elite Residence 11 bed · Apartment823 sq ft⃃ 360,000Resale · Ready
27/04/2022Elite Residence 1Studio · Apartment452 sq ft⃃ 350,000Resale · Ready
26/12/2022Elite Residence 1Studio · Apartment442 sq ft⃃ 330,000Resale · Ready
22/11/2022Elite Residence 1Studio · Apartment478 sq ft⃃ 280,000Resale · Ready
16/12/2022Elite Residence 1Studio · Apartment425 sq ft⃃ 280,000Resale · Ready
15/06/2022Elite Residence 1Studio · Apartment475 sq ft⃃ 260,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
26/12/2022Elite Residence 1Studio · Apartment442 sq ft⃃ 330,000Resale · Ready
16/12/2022Elite Residence 1Studio · Apartment425 sq ft⃃ 280,000Resale · Ready
22/11/2022Elite Residence 1Studio · Apartment478 sq ft⃃ 280,000Resale · Ready
10/08/2022Elite Residence 11 bed · Apartment823 sq ft⃃ 360,000Resale · Ready
15/06/2022Elite Residence 1Studio · Apartment475 sq ft⃃ 260,000Resale · Ready
27/04/2022Elite Residence 1Studio · Apartment452 sq ft⃃ 350,000Resale · Ready
30/03/2022Elite Residence 11 bed · Apartment781 sq ft⃃ 360,600Resale · Ready
14/02/2022Elite Residence 11 bed · Apartment795 sq ft⃃ 370,000Resale · Ready
26/01/2022Elite Residence 11 bed · Apartment823 sq ft⃃ 380,000Resale · 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 2022 with the whole of 2021.
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/elite-residence-1/2022
Elite Residence 1 Property Transactions 2022. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/elite-residence-1/2022

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 Elite Residence 1 in 2022?
9 property sales worth ⃃ 2,970,600 were registered in Elite Residence 1 in 2022. That is 18.2% lower than 2021.
What was the median property price in Elite Residence 1 in 2022?
The median sale price was ⃃ 350,000 and the median price per square foot ⃃ 547 (1 Jan – 31 Dec 2022).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/elite-residence-1/2022