Skip to content

Project · Transactions · 2023

I - Rise Tower Property Transactions 2023

71 property sales worth ⃃ 106.63M were registered in I - Rise Tower in 2023, 35.5% lower than 2022 by number of sales. The median sale price was ⃃ 850,928 and the median price per square foot ⃃ 900 (+25.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 71 salesUpdated: 15 Nov 2026
Property sales
71
−35.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 106.63M
−12.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 850,928
+12.1% vs 2022
71 sales
Median price per sq ft
⃃ 900
+25.2% vs 2022
71 sales

What types of property sold in I - Rise Tower in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial71100%⃃ 106.63M⃃ 850,928⃃ 900

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)45.6%⃃ 27.25M⃃ 4,944,663⃃ 1,048
Resale (secondary)6794.4%⃃ 79.38M⃃ 831,483⃃ 900
Ready71100%⃃ 106.63M⃃ 850,928⃃ 900

How many rental contracts were registered in I - Rise Tower in 2023?

273 rental contracts (new and renewed) were registered in I - Rise Tower in 2023, at a median annual rent of ⃃ 90,000 (+23.1% on 2022). Rental yields in I - Rise Tower

What were the most expensive property sales in I - Rise Tower in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/10/2023I - Rise TowerCommercial14,718 sq ft⃃ 16,509,543Primary · Ready
21/08/2023I - Rise TowerCommercial6,878 sq ft⃃ 9,000,000Primary · Ready
11/09/2023I - Rise TowerCommercial3,432 sq ft⃃ 4,805,395Resale · Ready
30/11/2023I - Rise TowerCommercial3,460 sq ft⃃ 4,200,000Resale · Ready
27/07/2023I - Rise TowerCommercial3,460 sq ft⃃ 4,000,000Resale · Ready
15/06/2023I - Rise TowerCommercial2,410 sq ft⃃ 3,133,468Resale · Ready
16/08/2023I - Rise TowerCommercial3,460 sq ft⃃ 3,113,766Resale · Ready
16/08/2023I - Rise TowerCommercial3,389 sq ft⃃ 3,050,019Resale · Ready
20/01/2023I - Rise TowerCommercial3,471 sq ft⃃ 2,900,000Resale · Ready
16/08/2023I - Rise TowerCommercial2,398 sq ft⃃ 2,158,092Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
14/12/2023I - Rise TowerCommercial776 sq ft⃃ 1,060,000Resale · Ready
07/12/2023I - Rise TowerCommercial807 sq ft⃃ 1,125,000Resale · Ready
30/11/2023I - Rise TowerCommercial3,460 sq ft⃃ 4,200,000Resale · Ready
18/10/2023I - Rise TowerCommercial862 sq ft⃃ 1,350,000Resale · Ready
17/10/2023I - Rise TowerCommercial14,718 sq ft⃃ 16,509,543Primary · Ready
04/10/2023I - Rise TowerCommercial672 sq ft⃃ 739,200Resale · Ready
11/09/2023I - Rise TowerCommercial3,432 sq ft⃃ 4,805,395Resale · Ready
24/08/2023I - Rise TowerCommercial747 sq ft⃃ 710,500Resale · Ready
21/08/2023I - Rise TowerCommercial6,878 sq ft⃃ 9,000,000Primary · Ready
18/08/2023I - Rise TowerCommercial1,035 sq ft⃃ 1,477,447Resale · 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/i-rise-tower/2023
I - Rise Tower Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/i-rise-tower/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 I - Rise Tower in 2023?
71 property sales worth ⃃ 106,626,134 were registered in I - Rise Tower in 2023. That is 35.5% lower than 2022.
What was the median property price in I - Rise Tower in 2023?
The median sale price was ⃃ 850,928 and the median price per square foot ⃃ 900 (1 Jan – 31 Dec 2023).
What share of 2023 sales in I - Rise Tower were off-plan or from developers?
Developer (primary) sales were 5.6% of the 71 sales and resales 94.4%. Primary/resale and off-plan/ready are different splits.

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