Master Project · Transactions · 2023

La Mer Property Transactions 2023

44 property sales worth ⃃ 743.98M were registered in La Mer in 2023, 15.8% higher than 2022 by number of sales. The median sale price was ⃃ 12,310,600 and the median price per square foot ⃃ 1,895 (+8.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 44 salesUpdated: 12 Nov 2026
Property sales
44
+15.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 743.98M
+86.6% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 12,310,600
+31.8% vs 2022
44 sales
Median price per sq ft
⃃ 1,895
+8.7% vs 2022
44 sales

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)12.3%⃃ 7.12M⃃ 7,122,710⃃ 2,051
Resale (secondary)4397.7%⃃ 736.85M⃃ 12,371,200⃃ 1,865
Off-plan1227.3%⃃ 136.79M⃃ 10,175,000⃃ 2,108
Ready3272.7%⃃ 607.18M⃃ 12,702,240⃃ 1,600

How many rental contracts were registered in La Mer in 2023?

3 rental contracts (new and renewed) were registered in La Mer in 2023, at a median annual rent of ⃃ 145,500 (−31.4% on 2022). Rental yields in La Mer

What were the most expensive property sales in La Mer in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
27/10/2023La Mer SouthPlot22,357 sq ft⃃ 58,500,000Resale · Ready
26/04/2023La Mer SouthPlot26,307 sq ft⃃ 56,560,000Resale · Ready
24/05/2023La Mer SouthPlot26,133 sq ft⃃ 53,000,000Resale · Ready
10/10/2023La Mer SouthPlot26,867 sq ft⃃ 41,645,400Resale · Ready
10/04/2023La Mer SouthPlot41,165 sq ft⃃ 39,000,000Resale · Ready
10/04/2023La Mer SouthPlot19,858 sq ft⃃ 36,000,000Resale · Ready
29/05/2023La Mer SouthPlot23,149 sq ft⃃ 33,566,630Resale · Ready
12/09/2023Sur La Mer5 beds · Villa6,210 sq ft⃃ 19,500,000Resale · Off-plan
04/05/2023Sur La Mer5 beds · Villa7,240 sq ft⃃ 18,180,000Resale · Off-plan
27/11/2023La Mer SouthPlot8,092 sq ft⃃ 17,398,230Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
08/12/2023Sur La Mer3 beds · Villa2,727 sq ft⃃ 9,000,000Resale · Ready
27/11/2023La Mer SouthPlot8,092 sq ft⃃ 17,398,230Resale · Ready
23/11/2023Sur La Mer 24 beds · Townhouse4,922 sq ft⃃ 13,700,000Resale · Ready
23/11/2023Sur La Mer3 beds · Villa2,800 sq ft⃃ 8,250,000Resale · Ready
03/11/2023La Mer SouthPlot8,124 sq ft⃃ 17,060,400Resale · Ready
27/10/2023La Mer SouthPlot22,357 sq ft⃃ 58,500,000Resale · Ready
10/10/2023La Mer SouthPlot26,867 sq ft⃃ 41,645,400Resale · Ready
06/10/2023La Mer SouthPlot9,477 sq ft⃃ 1,184,800Resale · Ready
28/09/2023Sur La Mer4 beds · Villa4,277 sq ft⃃ 9,300,000Resale · Off-plan
21/09/2023Sur La Mer4 beds · Villa4,313 sq ft⃃ 11,014,500Resale · Off-plan

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/la-mer/2023
La Mer Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/la-mer/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 La Mer in 2023?
44 property sales worth ⃃ 743,976,570 were registered in La Mer in 2023. That is 15.8% higher than 2022.
What was the median property price in La Mer in 2023?
The median sale price was ⃃ 12,310,600 and the median price per square foot ⃃ 1,895 (1 Jan – 31 Dec 2023).
What share of 2023 sales in La Mer were off-plan or from developers?
Developer (primary) sales were 2.3% of the 44 sales and resales 97.7%. Off-plan units made up 27.3% and ready units 72.7%. Primary/resale and off-plan/ready are different splits.

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