Area · Transactions · 2023

Dubai South Property Transactions 2023

2,988 property sales worth ⃃ 8.2B were registered in Dubai South in 2023, 43.2% higher than 2022 by number of sales. The median sale price was ⃃ 2,003,888 and the median price per square foot ⃃ 972 (+48.1% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 2,988 salesUpdated: 12 Nov 2026
Property sales
2,988
+43.2% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 8.2B
+91.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,003,888
+33.6% vs 2022
2,988 sales
Median price per sq ft
⃃ 972
+48.1% vs 2022
2,988 sales

What types of property sold in Dubai South in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1,20140.2%⃃ 1.5B⃃ 1,100,000⃃ 964
Villas50216.8%⃃ 2.3B⃃ 3,408,388⃃ 1,101
Commercial10%⃃ 946K⃃ 946,000⃃ 1,451

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)1,85061.9%⃃ 6.7B⃃ 3,150,000⃃ 1,132
Resale (secondary)1,13838.1%⃃ 1.5B⃃ 1,320,000⃃ 758
Off-plan1,82561.1%⃃ 6.1B⃃ 3,150,000⃃ 1,097
Ready1,16338.9%⃃ 2.1B⃃ 1,100,000⃃ 795

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

6,032 rental contracts (new and renewed) were registered in Dubai South in 2023, at a median annual rent of ⃃ 40,000 (+17.8% on 2022). Rental yields in Dubai South

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
23/05/2023Dubai World CentralPlot13,673,523 sq ft⃃ 659,538,246Primary · Ready
18/10/2023The O A KBuilding—⃃ 38,500,000Primary · Ready
07/09/2023Dubai South Residential DistrictBuilding128,607 sq ft⃃ 28,500,000Primary · Ready
18/10/2023Dubai South Residential DistrictBuilding116,253 sq ft⃃ 28,000,000Primary · Ready
24/07/2023Dubai World CentralPlot53,820 sq ft⃃ 17,857,476Primary · Ready
25/12/2023Expo City Valley5 beds · Villa11,883 sq ft⃃ 17,311,000Primary · Off-plan
30/09/2023The LAXBuilding—⃃ 17,000,000Primary · Ready
06/06/2023Dubai South Residential DistrictPlot30,006 sq ft⃃ 16,000,000Primary · Ready
23/11/2023South Bay 36 beds · Townhouse8,611 sq ft⃃ 16,000,000Primary · Off-plan
12/09/2023South Bay 27 beds · Villa11,675 sq ft⃃ 16,000,000Primary · Off-plan

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Azizi Venice 4 Building B1 bed · Apartment643 sq ft⃃ 1,013,000Primary · Off-plan
28/12/2023Azizi Venice 4 Building A2 beds · Apartment1,013 sq ft⃃ 1,497,000Primary · Off-plan
28/12/2023Azizi Venice 4 Building B1 bed · Apartment643 sq ft⃃ 1,004,000Primary · Off-plan
28/12/2023Azizi Venice 4 Building AStudio · Apartment359 sq ft⃃ 596,000Primary · Off-plan
28/12/2023Azizi Venice 4 Building B1 bed · Apartment643 sq ft⃃ 1,009,000Primary · Off-plan
28/12/2023South Bay 13 beds · Townhouse2,099 sq ft⃃ 2,043,000Resale · Off-plan
28/12/2023South Bay 15 beds · Townhouse4,569 sq ft⃃ 4,090,000Resale · Off-plan
28/12/2023The Pulse Townhouses Cluster 183 beds · Apartment2,375 sq ft⃃ 1,850,000Resale · Ready
28/12/2023Dubai South Residential DistrictPlot5,569 sq ft⃃ 1,197,365Resale · Ready
28/12/2023Dubai South Residential DistrictPlot8,378 sq ft⃃ 1,801,290Resale · 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/madinat-al-mataar/2023
Dubai South Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/madinat-al-mataar/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 Dubai South in 2023?
2,988 property sales worth ⃃ 8,200,781,860 were registered in Dubai South in 2023. That is 43.2% higher than 2022.
What was the median property price in Dubai South in 2023?
The median sale price was ⃃ 2,003,888 and the median price per square foot ⃃ 972 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Dubai South were off-plan or from developers?
Developer (primary) sales were 61.9% of the 2,988 sales and resales 38.1%. Off-plan units made up 61.1% and ready units 38.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/madinat-al-mataar/2023