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Building · Transactions · 2022

May Residence Tower 1 Property Transactions 2022

1 property sales worth ⃃ 2.8M were registered in May Residence Tower 1 in 2022, with no comparable figure for 2021 by number of sales. The median sale price was ⃃ 2,800,000 and the median price per square foot ⃃ 5,333.

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 1 salesUpdated: 15 Nov 2026
Property sales
1
1 Jan – 31 Dec 2022
Total value
⃃ 2.8M
1 Jan – 31 Dec 2022
Median sale price
⃃ 2,800,000
1 sales
Median price per sq ft
⃃ 5,333
1 sales

What types of property sold in May Residence Tower 1 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial1100%⃃ 2.8M⃃ 2,800,000⃃ 5,333

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)1100%⃃ 2.8M⃃ 2,800,000⃃ 5,333
Ready1100%⃃ 2.8M⃃ 2,800,000⃃ 5,333

How many rental contracts were registered in May Residence Tower 1 in 2022?

67 rental contracts (new and renewed) were registered in May Residence Tower 1 in 2022, at a median annual rent of ⃃ 42,000 (−60.0% on 2021). Rental yields in May Residence Tower 1

What were the most expensive property sales in May Residence Tower 1 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/05/2022May Residence Tower 1Commercial525 sq ft⃃ 2,800,000Primary · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
19/05/2022May Residence Tower 1Commercial525 sq ft⃃ 2,800,000Primary · 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/may-residence-tower-1/2022
May Residence Tower 1 Property Transactions 2022. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/may-residence-tower-1/2022

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 May Residence Tower 1 in 2022?
1 property sales worth ⃃ 2,800,000 were registered in May Residence Tower 1 in 2022. That is with no comparable figure for 2021.
What was the median property price in May Residence Tower 1 in 2022?
The median sale price was ⃃ 2,800,000 and the median price per square foot ⃃ 5,333 (1 Jan – 31 Dec 2022).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/may-residence-tower-1/2022