Project · Transactions · 2023

Reef Residence Property Transactions 2023

48 property sales worth ⃃ 34.45M were registered in Reef Residence in 2023, 108.7% higher than 2022 by number of sales. The median sale price was ⃃ 589,586 and the median price per square foot ⃃ 801 (+11.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 48 salesUpdated: 12 Nov 2026
Property sales
48
+108.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 34.45M
+188.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 589,586
+50.4% vs 2022
48 sales
Median price per sq ft
⃃ 801
+11.3% vs 2022
48 sales

What types of property sold in Reef Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4491.7%⃃ 27.37M⃃ 520,000⃃ 779
Commercial48.3%⃃ 7.08M⃃ 1,836,400⃃ 1,598

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)48100%⃃ 34.45M⃃ 589,586⃃ 801
Ready48100%⃃ 34.45M⃃ 589,586⃃ 801

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/09/2023Reef ResidenceCommercial1,205 sq ft⃃ 1,886,200Resale · Ready
20/09/2023Reef ResidenceCommercial1,144 sq ft⃃ 1,865,500Resale · Ready
20/09/2023Reef ResidenceCommercial1,168 sq ft⃃ 1,807,300Resale · Ready
20/09/2023Reef ResidenceCommercial930 sq ft⃃ 1,522,625Resale · Ready
27/12/2023Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,350,000Resale · Ready
21/12/2023Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,285,000Resale · Ready
23/01/2023Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,250,000Resale · Ready
30/08/2023Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,250,000Resale · Ready
01/08/2023Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,200,000Resale · Ready
07/06/2023Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,060,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,350,000Resale · Ready
21/12/2023Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,285,000Resale · Ready
12/12/2023Reef Residence1 bed · Apartment960 sq ft⃃ 615,000Resale · Ready
12/12/2023Reef ResidenceStudio · Apartment514 sq ft⃃ 450,000Resale · Ready
07/12/2023Reef ResidenceStudio · Apartment515 sq ft⃃ 520,000Resale · Ready
01/12/2023Reef ResidenceStudio · Apartment515 sq ft⃃ 400,000Resale · Ready
28/11/2023Reef ResidenceStudio · Apartment515 sq ft⃃ 399,000Resale · Ready
27/11/2023Reef ResidenceStudio · Apartment529 sq ft⃃ 410,000Resale · Ready
16/11/2023Reef ResidenceStudio · Apartment467 sq ft⃃ 450,000Resale · Ready
01/11/2023Reef Residence1 bed · Apartment925 sq ft⃃ 700,000Resale · 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/reef-residence/2023
Reef Residence Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/reef-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 Reef Residence in 2023?
48 property sales worth ⃃ 34,448,196 were registered in Reef Residence in 2023. That is 108.7% higher than 2022.
What was the median property price in Reef Residence in 2023?
The median sale price was ⃃ 589,586 and the median price per square foot ⃃ 801 (1 Jan – 31 Dec 2023).

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