Project · Transactions · 2023

South Residence 1 Property Transactions 2023

7 property sales worth ⃃ 2.51M were registered in South Residence 1 in 2023, with no comparable figure for 2022 by number of sales. The median sale price was ⃃ 359,516 and the median price per square foot ⃃ 783.

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 7 salesUpdated: 13 Nov 2026
Property sales
7
1 Jan – 31 Dec 2023
Total value
⃃ 2.51M
1 Jan – 31 Dec 2023
Median sale price
⃃ 359,516
7 sales
Median price per sq ft
⃃ 783
7 sales

What types of property sold in South Residence 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments7100%⃃ 2.51M⃃ 359,516⃃ 783

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)7100%⃃ 2.51M⃃ 359,516⃃ 783
Ready7100%⃃ 2.51M⃃ 359,516⃃ 783

How many rental contracts were registered in South Residence 1 in 2023?

20 rental contracts (new and renewed) were registered in South Residence 1 in 2023, at a median annual rent of ⃃ 46,500 (+3.0% on 2022). Rental yields in South Residence 1

What were the most expensive property sales in South Residence 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 367,687Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 367,687Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 359,516Primary · Ready
28/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 359,516Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 355,431Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 355,431Primary · Ready
20/12/2023South Residence 1Studio · Apartment455 sq ft⃃ 347,260Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 359,516Primary · Ready
20/12/2023South Residence 1Studio · Apartment455 sq ft⃃ 347,260Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 359,516Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 355,431Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 367,687Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 355,431Primary · Ready
20/12/2023South Residence 1Studio · Apartment459 sq ft⃃ 367,687Primary · 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/south-residence-1/2023
South Residence 1 Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/south-residence-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 South Residence 1 in 2023?
7 property sales worth ⃃ 2,512,528 were registered in South Residence 1 in 2023. That is with no comparable figure for 2022.
What was the median property price in South Residence 1 in 2023?
The median sale price was ⃃ 359,516 and the median price per square foot ⃃ 783 (1 Jan – 31 Dec 2023).

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/south-residence-1/2023