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Building · Transactions · 2022

MAG 540 Property Transactions 2022

14 property sales worth ⃃ 6.55M were registered in MAG 540 in 2022, 600.0% higher than 2021 by number of sales. The median sale price was ⃃ 423,742 and the median price per square foot ⃃ 586 (−1.3% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 14 salesUpdated: 15 Nov 2026
Property sales
14
+600.0% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 6.55M
+728.8% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 423,742
+7.3% vs 2021
14 sales
Median price per sq ft
⃃ 586
−1.3% vs 2021
14 sales

What types of property sold in MAG 540 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments14100%⃃ 6.55M⃃ 423,742⃃ 586

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
Primary (developer sales)750%⃃ 4.41M⃃ 685,000⃃ 715
Resale (secondary)750%⃃ 2.14M⃃ 275,000⃃ 578
Ready14100%⃃ 6.55M⃃ 423,742⃃ 586

How many rental contracts were registered in MAG 540 in 2022?

61 rental contracts (new and renewed) were registered in MAG 540 in 2022, at a median annual rent of ⃃ 35,000 (+14.8% on 2021). Rental yields in MAG 540

What were the most expensive property sales in MAG 540 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
25/08/2022MAG 5402 beds · Apartment1,004 sq ft⃃ 750,000Primary · Ready
06/07/2022MAG 5402 beds · Apartment1,007 sq ft⃃ 750,000Primary · Ready
15/09/2022MAG 5402 beds · Apartment1,004 sq ft⃃ 698,608Primary · Ready
15/09/2022MAG 5402 beds · Apartment963 sq ft⃃ 685,000Primary · Ready
23/02/2022MAG 5402 beds · Apartment1,039 sq ft⃃ 600,000Primary · Ready
29/12/2022MAG 5401 bed · Apartment640 sq ft⃃ 466,820Primary · Ready
16/11/2022MAG 5401 bed · Apartment640 sq ft⃃ 457,483Primary · Ready
10/03/2022MAG 5401 bed · Apartment665 sq ft⃃ 390,000Resale · Ready
27/05/2022MAG 5401 bed · Apartment665 sq ft⃃ 390,000Resale · Ready
07/09/2022MAG 540Studio · Apartment476 sq ft⃃ 275,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
29/12/2022MAG 5401 bed · Apartment640 sq ft⃃ 466,820Primary · Ready
28/12/2022MAG 540Studio · Apartment476 sq ft⃃ 275,000Resale · Ready
21/12/2022MAG 540Studio · Apartment476 sq ft⃃ 270,000Resale · Ready
16/11/2022MAG 5401 bed · Apartment640 sq ft⃃ 457,483Primary · Ready
15/09/2022MAG 5402 beds · Apartment1,004 sq ft⃃ 698,608Primary · Ready
15/09/2022MAG 5402 beds · Apartment963 sq ft⃃ 685,000Primary · Ready
07/09/2022MAG 540Studio · Apartment476 sq ft⃃ 275,000Resale · Ready
06/09/2022MAG 540Studio · Apartment476 sq ft⃃ 270,000Resale · Ready
01/09/2022MAG 540Studio · Apartment476 sq ft⃃ 270,000Resale · Ready
25/08/2022MAG 5402 beds · Apartment1,004 sq ft⃃ 750,000Primary · 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/mag-540/2022
MAG 540 Property Transactions 2022. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/mag-540/2022

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 MAG 540 in 2022?
14 property sales worth ⃃ 6,547,911 were registered in MAG 540 in 2022. That is 600.0% higher than 2021.
What was the median property price in MAG 540 in 2022?
The median sale price was ⃃ 423,742 and the median price per square foot ⃃ 586 (1 Jan – 31 Dec 2022).
What share of 2022 sales in MAG 540 were off-plan or from developers?
Developer (primary) sales were 50% of the 14 sales and resales 50%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/mag-540/2022