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Building · Transactions · 2024

May Residence Tower 1 Property Transactions 2024

55 property sales worth ⃃ 36M were registered in May Residence Tower 1 in 2024, 358.3% higher than 2023 by number of sales. The median sale price was ⃃ 611,540 and the median price per square foot ⃃ 707 (−1.7% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 55 salesUpdated: 15 Nov 2026
Property sales
55
+358.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 36M
+416.2% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 611,540
−2.3% vs 2023
55 sales
Median price per sq ft
⃃ 707
−1.7% vs 2023
55 sales

What types of property sold in May Residence Tower 1 in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5396.4%⃃ 32.08M⃃ 611,538⃃ 701
Commercial23.6%⃃ 3.92M⃃ 1,961,875⃃ 1,383

How were 2024 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)4989.1%⃃ 32.05M⃃ 611,538⃃ 695
Resale (secondary)610.9%⃃ 3.95M⃃ 645,000⃃ 838
Ready55100%⃃ 36M⃃ 611,540⃃ 707

How many rental contracts were registered in May Residence Tower 1 in 2024?

58 rental contracts (new and renewed) were registered in May Residence Tower 1 in 2024, at a median annual rent of ⃃ 55,000 (+30.6% on 2023). Rental yields in May Residence Tower 1

What were the most expensive property sales in May Residence Tower 1 in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
13/03/2024May Residence Tower 1Commercial1,419 sq ft⃃ 2,150,000Primary · Ready
01/04/2024May Residence Tower 1Commercial1,419 sq ft⃃ 1,773,750Primary · Ready
20/05/2024May Residence Tower 12 beds · Apartment1,733 sq ft⃃ 1,092,054Primary · Ready
01/08/2024May Residence Tower 12 beds · Apartment1,733 sq ft⃃ 1,092,054Resale · Ready
16/05/2024May Residence Tower 12 beds · Apartment1,847 sq ft⃃ 1,070,280Primary · Ready
30/01/2024May Residence Tower 11 bed · Apartment928 sq ft⃃ 900,000Primary · Ready
28/03/2024May Residence Tower 11 bed · Apartment927 sq ft⃃ 850,000Primary · Ready
22/10/2024May Residence Tower 11 bed · Apartment1,341 sq ft⃃ 844,741Primary · Ready
02/07/2024May Residence Tower 11 bed · Apartment927 sq ft⃃ 750,000Primary · Ready
04/03/2024May Residence Tower 11 bed · Apartment928 sq ft⃃ 750,000Primary · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
13/12/2024May Residence Tower 1Studio · Apartment397 sq ft⃃ 395,000Resale · Ready
10/12/2024May Residence Tower 1Studio · Apartment397 sq ft⃃ 440,000Resale · Ready
22/11/2024May Residence Tower 11 bed · Apartment1,076 sq ft⃃ 700,000Primary · Ready
19/11/2024May Residence Tower 11 bed · Apartment770 sq ft⃃ 650,000Resale · Ready
22/10/2024May Residence Tower 11 bed · Apartment1,341 sq ft⃃ 844,741Primary · Ready
24/09/2024May Residence Tower 11 bed · Apartment770 sq ft⃃ 640,000Resale · Ready
10/09/2024May Residence Tower 11 bed · Apartment899 sq ft⃃ 730,000Resale · Ready
01/08/2024May Residence Tower 12 beds · Apartment1,733 sq ft⃃ 1,092,054Resale · Ready
03/07/2024May Residence Tower 11 bed · Apartment903 sq ft⃃ 650,000Primary · Ready
02/07/2024May Residence Tower 11 bed · Apartment927 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 2024 with the whole of 2023.
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-1/2024
May Residence Tower 1 Property Transactions 2024. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/may-residence-tower-1/2024

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 2024?
55 property sales worth ⃃ 36,000,777 were registered in May Residence Tower 1 in 2024. That is 358.3% higher than 2023.
What was the median property price in May Residence Tower 1 in 2024?
The median sale price was ⃃ 611,540 and the median price per square foot ⃃ 707 (1 Jan – 31 Dec 2024).
What share of 2024 sales in May Residence Tower 1 were off-plan or from developers?
Developer (primary) sales were 89.1% of the 55 sales and resales 10.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/may-residence-tower-1/2024