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Building · Transactions · 2023

Park Residences 1 Property Transactions 2023

104 property sales worth ⃃ 263.46M were registered in Park Residences 1 in 2023, 60.0% higher than 2022 by number of sales. The median sale price was ⃃ 2,400,000 and the median price per square foot ⃃ 1,265 (+14.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 104 salesUpdated: 15 Nov 2026
Property sales
104
+60.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 263.46M
+69.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,400,000
+15.3% vs 2022
104 sales
Median price per sq ft
⃃ 1,265
+14.4% vs 2022
104 sales

What types of property sold in Park Residences 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Villas104100%⃃ 263.46M⃃ 2,400,000⃃ 1,265

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)109.6%⃃ 28.54M⃃ 2,771,360⃃ 1,071
Resale (secondary)9490.4%⃃ 234.92M⃃ 2,355,000⃃ 1,294
Off-plan104100%⃃ 263.46M⃃ 2,400,000⃃ 1,265

How many rental contracts were registered in Park Residences 1 in 2023?

89 rental contracts (new and renewed) were registered in Park Residences 1 in 2023, at a median annual rent of ⃃ 177,000. Rental yields in Park Residences 1

What were the most expensive property sales in Park Residences 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
01/03/2023Park Residences 15 beds · Villa6,508 sq ft⃃ 4,990,000Resale · Off-plan
16/10/2023Park Residences 15 beds · Villa6,402 sq ft⃃ 4,800,000Resale · Off-plan
14/02/2023Park Residences 15 beds · Villa3,241 sq ft⃃ 4,152,060Primary · Off-plan
03/02/2023Park Residences 14 beds · Villa3,056 sq ft⃃ 3,849,000Primary · Off-plan
28/12/2023Park Residences 14 beds · Villa4,950 sq ft⃃ 3,650,000Resale · Off-plan
22/06/2023Park Residences 14 beds · Villa2,462 sq ft⃃ 3,600,000Resale · Off-plan
23/05/2023Park Residences 14 beds · Villa3,488 sq ft⃃ 3,500,000Resale · Off-plan
14/03/2023Park Residences 13 beds · Villa4,211 sq ft⃃ 3,350,000Resale · Off-plan
13/11/2023Park Residences 14 beds · Villa2,943 sq ft⃃ 3,350,000Resale · Off-plan
14/03/2023Park Residences 14 beds · Villa3,967 sq ft⃃ 3,300,000Resale · Off-plan

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Park Residences 13 beds · Villa1,485 sq ft⃃ 2,000,000Resale · Off-plan
28/12/2023Park Residences 14 beds · Villa4,950 sq ft⃃ 3,650,000Resale · Off-plan
11/12/2023Park Residences 13 beds · Villa1,705 sq ft⃃ 2,430,000Resale · Off-plan
28/11/2023Park Residences 13 beds · Villa1,616 sq ft⃃ 2,300,000Resale · Off-plan
23/11/2023Park Residences 14 beds · Villa1,615 sq ft⃃ 2,650,000Resale · Off-plan
23/11/2023Park Residences 14 beds · Villa1,615 sq ft⃃ 2,650,000Resale · Off-plan
20/11/2023Park Residences 13 beds · Villa1,615 sq ft⃃ 2,400,000Resale · Off-plan
15/11/2023Park Residences 14 beds · Villa1,932 sq ft⃃ 2,350,000Resale · Off-plan
14/11/2023Park Residences 13 beds · Villa1,633 sq ft⃃ 2,400,000Resale · Off-plan
13/11/2023Park Residences 14 beds · Villa2,943 sq ft⃃ 3,350,000Resale · Off-plan

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/park-residences-1/2023
Park Residences 1 Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/park-residences-1/2023

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 Park Residences 1 in 2023?
104 property sales worth ⃃ 263,461,320 were registered in Park Residences 1 in 2023. That is 60.0% higher than 2022.
What was the median property price in Park Residences 1 in 2023?
The median sale price was ⃃ 2,400,000 and the median price per square foot ⃃ 1,265 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Park Residences 1 were off-plan or from developers?
Developer (primary) sales were 9.6% of the 104 sales and resales 90.4%. Off-plan units made up 100% and ready units —. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/park-residences-1/2023