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Project · Transactions · 2023

Iris Bay Property Transactions 2023

27 property sales worth ⃃ 46.34M were registered in Iris Bay in 2023, 170.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,700,000 and the median price per square foot ⃃ 988 (+22.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 27 salesUpdated: 14 Nov 2026
Property sales
27
+170.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 46.34M
+254.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,700,000
+34.7% vs 2022
27 sales
Median price per sq ft
⃃ 988
+22.5% vs 2022
27 sales

What types of property sold in Iris Bay in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial27100%⃃ 46.34M⃃ 1,700,000⃃ 988

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)13.7%⃃ 1.29M⃃ 1,292,760⃃ 809
Resale (secondary)2696.3%⃃ 45.05M⃃ 1,700,000⃃ 988
Ready27100%⃃ 46.34M⃃ 1,700,000⃃ 988

How many rental contracts were registered in Iris Bay in 2023?

156 rental contracts (new and renewed) were registered in Iris Bay in 2023, at a median annual rent of ⃃ 105,060 (+31.3% on 2022). Rental yields in Iris Bay

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
15/02/2023Iris BayCommercial1,800 sq ft⃃ 3,250,000Resale · Ready
01/08/2023Iris BayCommercial2,710 sq ft⃃ 2,472,940Resale · Ready
14/08/2023Iris BayCommercial2,710 sq ft⃃ 2,472,940Resale · Ready
09/08/2023Iris BayCommercial2,416 sq ft⃃ 2,295,200Resale · Ready
01/02/2023Iris BayCommercial1,301 sq ft⃃ 2,003,540Resale · Ready
07/03/2023Iris BayCommercial2,193 sq ft⃃ 2,000,000Resale · Ready
21/06/2023Iris BayCommercial1,490 sq ft⃃ 2,000,000Resale · Ready
01/08/2023Iris BayCommercial2,105 sq ft⃃ 1,920,414Resale · Ready
21/03/2023Iris BayCommercial1,517 sq ft⃃ 1,831,743Resale · Ready
19/01/2023Iris BayCommercial1,335 sq ft⃃ 1,780,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
25/09/2023Iris BayCommercial1,721 sq ft⃃ 1,700,000Resale · Ready
21/09/2023Iris BayCommercial1,215 sq ft⃃ 1,350,000Resale · Ready
21/09/2023Iris BayCommercial1,314 sq ft⃃ 1,350,000Resale · Ready
21/09/2023Iris BayCommercial1,314 sq ft⃃ 1,350,000Resale · Ready
20/09/2023Iris BayCommercial1,721 sq ft⃃ 1,700,000Resale · Ready
20/09/2023Iris BayCommercial1,837 sq ft⃃ 1,700,000Resale · Ready
20/09/2023Iris BayCommercial1,216 sq ft⃃ 1,350,000Resale · Ready
18/09/2023Iris BayCommercial999 sq ft⃃ 1,330,000Resale · Ready
14/08/2023Iris BayCommercial2,710 sq ft⃃ 2,472,940Resale · Ready
14/08/2023Iris BayCommercial1,527 sq ft⃃ 1,393,117Resale · 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/iris-bay/2023
Iris Bay Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/iris-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 Iris Bay in 2023?
27 property sales worth ⃃ 46,343,127 were registered in Iris Bay in 2023. That is 170.0% higher than 2022.
What was the median property price in Iris Bay in 2023?
The median sale price was ⃃ 1,700,000 and the median price per square foot ⃃ 988 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Iris Bay were off-plan or from developers?
Developer (primary) sales were 3.7% of the 27 sales and resales 96.3%. Primary/resale and off-plan/ready are different splits.

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