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Building · Transactions · 2022

MAG 555 Property Transactions 2022

7 property sales worth ⃃ 2.63M were registered in MAG 555 in 2022, 133.3% higher than 2021 by number of sales. The median sale price was ⃃ 365,000 and the median price per square foot ⃃ 701 (+0.3% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 7 salesUpdated: 15 Nov 2026
Property sales
7
+133.3% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 2.63M
+98.9% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 365,000
−16.9% vs 2021
7 sales
Median price per sq ft
⃃ 701
+0.3% vs 2021
7 sales

What types of property sold in MAG 555 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments7100%⃃ 2.63M⃃ 365,000⃃ 701

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)457.1%⃃ 1.7M⃃ 431,317⃃ 713
Resale (secondary)342.9%⃃ 932K⃃ 325,000⃃ 700
Ready7100%⃃ 2.63M⃃ 365,000⃃ 701

How many rental contracts were registered in MAG 555 in 2022?

73 rental contracts (new and renewed) were registered in MAG 555 in 2022, at a median annual rent of ⃃ 24,000 (+20.0% on 2021). Rental yields in MAG 555

What were the most expensive property sales in MAG 555 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
07/12/2022MAG 5551 bed · Apartment656 sq ft⃃ 469,300Primary · Ready
10/10/2022MAG 5551 bed · Apartment628 sq ft⃃ 449,173Primary · Ready
28/12/2022MAG 5552 beds · Apartment665 sq ft⃃ 413,460Primary · Ready
08/02/2022MAG 5551 bed · Apartment514 sq ft⃃ 365,000Primary · Ready
21/12/2022MAG 5551 bed · Apartment478 sq ft⃃ 335,000Resale · Ready
14/12/2022MAG 5551 bed · Apartment483 sq ft⃃ 325,000Resale · Ready
22/12/2022MAG 555Studio · Apartment389 sq ft⃃ 272,462Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
28/12/2022MAG 5552 beds · Apartment665 sq ft⃃ 413,460Primary · Ready
22/12/2022MAG 555Studio · Apartment389 sq ft⃃ 272,462Resale · Ready
21/12/2022MAG 5551 bed · Apartment478 sq ft⃃ 335,000Resale · Ready
14/12/2022MAG 5551 bed · Apartment483 sq ft⃃ 325,000Resale · Ready
07/12/2022MAG 5551 bed · Apartment656 sq ft⃃ 469,300Primary · Ready
10/10/2022MAG 5551 bed · Apartment628 sq ft⃃ 449,173Primary · Ready
08/02/2022MAG 5551 bed · Apartment514 sq ft⃃ 365,000Primary · 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-555/2022
MAG 555 Property Transactions 2022. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/mag-555/2022

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 555 in 2022?
7 property sales worth ⃃ 2,629,395 were registered in MAG 555 in 2022. That is 133.3% higher than 2021.
What was the median property price in MAG 555 in 2022?
The median sale price was ⃃ 365,000 and the median price per square foot ⃃ 701 (1 Jan – 31 Dec 2022).
What share of 2022 sales in MAG 555 were off-plan or from developers?
Developer (primary) sales were 57.1% of the 7 sales and resales 42.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/mag-555/2022