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Building · Transactions · 2023

Rimal 5 Property Transactions 2023

22 property sales worth ⃃ 68.49M were registered in Rimal 5 in 2023, 83.3% higher than 2022 by number of sales. The median sale price was ⃃ 3,035,000 and the median price per square foot ⃃ 1,363 (+5.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 22 salesUpdated: 15 Nov 2026
Property sales
22
+83.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 68.49M
+105.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 3,035,000
+16.2% vs 2022
22 sales
Median price per sq ft
⃃ 1,363
+5.4% vs 2022
22 sales

What types of property sold in Rimal 5 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments22100%⃃ 68.49M⃃ 3,035,000⃃ 1,363

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)313.6%⃃ 11.25M⃃ 3,600,000⃃ 1,869
Resale (secondary)1986.4%⃃ 57.24M⃃ 2,950,000⃃ 1,247
Ready22100%⃃ 68.49M⃃ 3,035,000⃃ 1,363

How many rental contracts were registered in Rimal 5 in 2023?

89 rental contracts (new and renewed) were registered in Rimal 5 in 2023, at a median annual rent of ⃃ 165,000 (+13.8% on 2022). Rental yields in Rimal 5

What were the most expensive property sales in Rimal 5 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
23/05/2023Rimal 54 beds · Apartment2,679 sq ft⃃ 4,900,000Resale · Ready
10/03/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 4,400,000Primary · Ready
18/12/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 4,000,000Resale · Ready
16/06/2023Rimal 54 beds · Apartment2,679 sq ft⃃ 3,850,000Resale · Ready
20/02/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 3,600,000Primary · Ready
24/07/2023Rimal 54 beds · Apartment2,714 sq ft⃃ 3,300,000Resale · Ready
27/10/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 3,250,000Primary · Ready
28/12/2023Rimal 53 beds · Apartment1,924 sq ft⃃ 3,200,000Resale · Ready
21/12/2023Rimal 54 beds · Apartment2,674 sq ft⃃ 3,100,000Resale · Ready
02/03/2023Rimal 53 beds · Apartment1,924 sq ft⃃ 3,075,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Rimal 53 beds · Apartment1,924 sq ft⃃ 3,200,000Resale · Ready
21/12/2023Rimal 54 beds · Apartment2,674 sq ft⃃ 3,100,000Resale · Ready
18/12/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 4,000,000Resale · Ready
09/11/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 2,300,000Resale · Ready
02/11/2023Rimal 53 beds · Apartment1,928 sq ft⃃ 2,300,000Resale · Ready
27/10/2023Rimal 53 beds · Apartment1,926 sq ft⃃ 3,250,000Primary · Ready
24/10/2023Rimal 53 beds · Apartment2,045 sq ft⃃ 2,550,000Resale · Ready
20/09/2023Rimal 53 beds · Apartment2,418 sq ft⃃ 2,900,000Resale · Ready
30/08/2023Rimal 53 beds · Apartment1,925 sq ft⃃ 2,550,000Resale · Ready
11/08/2023Rimal 53 beds · Apartment1,928 sq ft⃃ 2,700,000Resale · 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/rimal-5/2023
Rimal 5 Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/rimal-5/2023

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 Rimal 5 in 2023?
22 property sales worth ⃃ 68,488,000 were registered in Rimal 5 in 2023. That is 83.3% higher than 2022.
What was the median property price in Rimal 5 in 2023?
The median sale price was ⃃ 3,035,000 and the median price per square foot ⃃ 1,363 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Rimal 5 were off-plan or from developers?
Developer (primary) sales were 13.6% of the 22 sales and resales 86.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/rimal-5/2023