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Building · Transactions · 2023

MAG 565 Property Transactions 2023

11 property sales worth ⃃ 4.27M were registered in MAG 565 in 2023, 8.3% lower than 2022 by number of sales. The median sale price was ⃃ 360,000 and the median price per square foot ⃃ 715 (−0.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 11 salesUpdated: 14 Nov 2026
Property sales
11
−8.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.27M
−15.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 360,000
−8.7% vs 2022
11 sales
Median price per sq ft
⃃ 715
−0.2% vs 2022
11 sales

What types of property sold in MAG 565 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments11100%⃃ 4.27M⃃ 360,000⃃ 715

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)218.2%⃃ 1.13M⃃ 564,677⃃ 714
Resale (secondary)981.8%⃃ 3.14M⃃ 330,000⃃ 778
Ready11100%⃃ 4.27M⃃ 360,000⃃ 715

How many rental contracts were registered in MAG 565 in 2023?

83 rental contracts (new and renewed) were registered in MAG 565 in 2023, at a median annual rent of ⃃ 29,000 (+20.8% on 2022). Rental yields in MAG 565

What were the most expensive property sales in MAG 565 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
04/04/2023MAG 5652 beds · Apartment913 sq ft⃃ 650,054Primary · Ready
20/06/2023MAG 5652 beds · Apartment670 sq ft⃃ 530,000Resale · Ready
04/04/2023MAG 5652 beds · Apartment670 sq ft⃃ 479,300Primary · Ready
19/10/2023MAG 5651 bed · Apartment514 sq ft⃃ 400,000Resale · Ready
15/08/2023MAG 5651 bed · Apartment628 sq ft⃃ 400,000Resale · Ready
11/10/2023MAG 565Studio · Apartment437 sq ft⃃ 360,000Resale · Ready
08/11/2023MAG 565Studio · Apartment365 sq ft⃃ 330,000Resale · Ready
29/05/2023MAG 565Studio · Apartment347 sq ft⃃ 300,000Resale · Ready
18/07/2023MAG 565Studio · Apartment437 sq ft⃃ 290,000Resale · Ready
14/03/2023MAG 565Studio · Apartment383 sq ft⃃ 265,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
08/11/2023MAG 565Studio · Apartment365 sq ft⃃ 330,000Resale · Ready
19/10/2023MAG 5651 bed · Apartment514 sq ft⃃ 400,000Resale · Ready
11/10/2023MAG 565Studio · Apartment437 sq ft⃃ 360,000Resale · Ready
15/08/2023MAG 5651 bed · Apartment628 sq ft⃃ 400,000Resale · Ready
18/07/2023MAG 565Studio · Apartment437 sq ft⃃ 290,000Resale · Ready
20/06/2023MAG 5652 beds · Apartment670 sq ft⃃ 530,000Resale · Ready
29/05/2023MAG 565Studio · Apartment347 sq ft⃃ 300,000Resale · Ready
03/05/2023MAG 565Studio · Apartment410 sq ft⃃ 265,000Resale · Ready
04/04/2023MAG 5652 beds · Apartment913 sq ft⃃ 650,054Primary · Ready
04/04/2023MAG 5652 beds · Apartment670 sq ft⃃ 479,300Primary · 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/mag-565/2023
MAG 565 Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/mag-565/2023

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 MAG 565 in 2023?
11 property sales worth ⃃ 4,269,354 were registered in MAG 565 in 2023. That is 8.3% lower than 2022.
What was the median property price in MAG 565 in 2023?
The median sale price was ⃃ 360,000 and the median price per square foot ⃃ 715 (1 Jan – 31 Dec 2023).
What share of 2023 sales in MAG 565 were off-plan or from developers?
Developer (primary) sales were 18.2% of the 11 sales and resales 81.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/mag-565/2023