Project · Transactions · 2023

Red Residence Property Transactions 2023

45 property sales worth ⃃ 22.11M were registered in Red Residence in 2023, 114.3% higher than 2022 by number of sales. The median sale price was ⃃ 480,000 and the median price per square foot ⃃ 577 (+15.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 45 salesUpdated: 13 Nov 2026
Property sales
45
+114.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 22.11M
+221.6% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 480,000
+29.7% vs 2022
45 sales
Median price per sq ft
⃃ 577
+15.2% vs 2022
45 sales

What types of property sold in Red Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments45100%⃃ 22.11M⃃ 480,000⃃ 577

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)511.1%⃃ 2.53M⃃ 505,000⃃ 624
Resale (secondary)4088.9%⃃ 19.58M⃃ 460,000⃃ 573
Ready45100%⃃ 22.11M⃃ 480,000⃃ 577

How many rental contracts were registered in Red Residence in 2023?

160 rental contracts (new and renewed) were registered in Red Residence in 2023, at a median annual rent of ⃃ 42,000 (+16.7% on 2022). Rental yields in Red Residence

What were the most expensive property sales in Red Residence in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/11/2023Red Residence2 beds · Apartment1,117 sq ft⃃ 710,000Resale · Ready
24/11/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 690,000Resale · Ready
05/09/2023Red Residence2 beds · Apartment1,117 sq ft⃃ 660,000Resale · Ready
26/12/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 650,000Resale · Ready
24/11/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 640,000Resale · Ready
18/10/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 630,000Resale · Ready
11/09/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 630,000Resale · Ready
23/10/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 600,000Resale · Ready
03/05/2023Red Residence2 beds · Apartment1,130 sq ft⃃ 600,000Resale · Ready
06/03/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 570,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023Red Residence1 bed · Apartment828 sq ft⃃ 520,000Primary · Ready
26/12/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 650,000Resale · Ready
07/12/2023Red Residence1 bed · Apartment828 sq ft⃃ 524,000Resale · Ready
07/12/2023Red Residence1 bed · Apartment761 sq ft⃃ 481,000Primary · Ready
24/11/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 640,000Resale · Ready
24/11/2023Red Residence2 beds · Apartment1,113 sq ft⃃ 690,000Resale · Ready
23/11/2023Red Residence1 bed · Apartment825 sq ft⃃ 515,000Primary · Ready
20/11/2023Red Residence1 bed · Apartment828 sq ft⃃ 505,000Primary · Ready
20/11/2023Red Residence2 beds · Apartment1,117 sq ft⃃ 710,000Resale · Ready
15/11/2023Red Residence1 bed · Apartment788 sq ft⃃ 400,000Resale · 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/red-residence/2023
Red Residence Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/red-residence/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 Red Residence in 2023?
45 property sales worth ⃃ 22,105,000 were registered in Red Residence in 2023. That is 114.3% higher than 2022.
What was the median property price in Red Residence in 2023?
The median sale price was ⃃ 480,000 and the median price per square foot ⃃ 577 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Red Residence were off-plan or from developers?
Developer (primary) sales were 11.1% of the 45 sales and resales 88.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/red-residence/2023