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Building · Transactions · 2023

Park Terrace Property Transactions 2023

8 property sales worth ⃃ 4.67M were registered in Park Terrace in 2023, 300.0% higher than 2022 by number of sales. The median sale price was ⃃ 460,000 and the median price per square foot ⃃ 524 (+3.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 8 salesUpdated: 14 Nov 2026
Property sales
8
+300.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.67M
+286.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 460,000
−24.0% vs 2022
8 sales
Median price per sq ft
⃃ 524
+3.9% vs 2022
8 sales

What types of property sold in Park Terrace in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments8100%⃃ 4.67M⃃ 460,000⃃ 524

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
Resale (secondary)8100%⃃ 4.67M⃃ 460,000⃃ 524
Ready8100%⃃ 4.67M⃃ 460,000⃃ 524

How many rental contracts were registered in Park Terrace in 2023?

60 rental contracts (new and renewed) were registered in Park Terrace in 2023, at a median annual rent of ⃃ 55,000 (+35.8% on 2022). Rental yields in Park Terrace

What were the most expensive property sales in Park Terrace in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/03/2023Park Terrace3 beds · Apartment2,169 sq ft⃃ 1,300,000Resale · Ready
19/09/2023Park Terrace2 beds · Apartment1,449 sq ft⃃ 840,000Resale · Ready
31/05/2023Park Terrace1 bed · Apartment971 sq ft⃃ 590,000Resale · Ready
10/10/2023Park Terrace1 bed · Apartment906 sq ft⃃ 470,000Resale · Ready
12/07/2023Park Terrace1 bed · Apartment906 sq ft⃃ 450,000Resale · Ready
17/05/2023Park Terrace1 bed · Apartment804 sq ft⃃ 425,000Resale · Ready
19/07/2023Park Terrace1 bed · Apartment805 sq ft⃃ 400,000Resale · Ready
04/09/2023Park Terrace1 bed · Apartment906 sq ft⃃ 200,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
10/10/2023Park Terrace1 bed · Apartment906 sq ft⃃ 470,000Resale · Ready
19/09/2023Park Terrace2 beds · Apartment1,449 sq ft⃃ 840,000Resale · Ready
04/09/2023Park Terrace1 bed · Apartment906 sq ft⃃ 200,000Resale · Ready
19/07/2023Park Terrace1 bed · Apartment805 sq ft⃃ 400,000Resale · Ready
12/07/2023Park Terrace1 bed · Apartment906 sq ft⃃ 450,000Resale · Ready
31/05/2023Park Terrace1 bed · Apartment971 sq ft⃃ 590,000Resale · Ready
17/05/2023Park Terrace1 bed · Apartment804 sq ft⃃ 425,000Resale · Ready
17/03/2023Park Terrace3 beds · Apartment2,169 sq ft⃃ 1,300,000Resale · 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/park-terrace/2023
Park Terrace Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/park-terrace/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 Terrace in 2023?
8 property sales worth ⃃ 4,675,000 were registered in Park Terrace in 2023. That is 300.0% higher than 2022.
What was the median property price in Park Terrace in 2023?
The median sale price was ⃃ 460,000 and the median price per square foot ⃃ 524 (1 Jan – 31 Dec 2023).

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