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Building · Transactions · 2023

The Jewels T1 Property Transactions 2023

11 property sales worth ⃃ 29.6M were registered in The Jewels T1 in 2023, 83.3% higher than 2022 by number of sales. The median sale price was ⃃ 2,300,000 and the median price per square foot ⃃ 1,091 (+28.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 11 salesUpdated: 16 Nov 2026
Property sales
11
+83.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 29.6M
+72.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,300,000
−15.4% vs 2022
11 sales
Median price per sq ft
⃃ 1,091
+28.9% vs 2022
11 sales

What types of property sold in The Jewels T1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments872.7%⃃ 21.47M⃃ 2,060,000⃃ 1,105
Commercial327.3%⃃ 8.13M⃃ 2,300,000⃃ 1,091

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)11100%⃃ 29.6M⃃ 2,300,000⃃ 1,091
Ready11100%⃃ 29.6M⃃ 2,300,000⃃ 1,091

How many rental contracts were registered in The Jewels T1 in 2023?

29 rental contracts (new and renewed) were registered in The Jewels T1 in 2023, at a median annual rent of ⃃ 160,000 (+15.3% on 2022). Rental yields in The Jewels T1

What were the most expensive property sales in The Jewels T1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/07/2023The Jewels T13 beds · Apartment4,529 sq ft⃃ 5,500,000Resale · Ready
14/06/2023The Jewels T14 beds · Apartment4,113 sq ft⃃ 3,900,000Resale · Ready
29/08/2023The Jewels T13 beds · Apartment3,619 sq ft⃃ 3,900,000Resale · Ready
11/10/2023The Jewels T1Commercial3,550 sq ft⃃ 3,834,648Resale · Ready
22/02/2023The Jewels T12 beds · Apartment2,151 sq ft⃃ 2,330,000Resale · Ready
12/10/2023The Jewels T1Commercial1,606 sq ft⃃ 2,300,000Resale · Ready
06/01/2023The Jewels T1Commercial1,834 sq ft⃃ 2,000,000Resale · Ready
03/08/2023The Jewels T12 beds · Apartment2,141 sq ft⃃ 1,790,000Resale · Ready
28/03/2023The Jewels T11 bed · Apartment1,023 sq ft⃃ 1,500,000Resale · Ready
07/02/2023The Jewels T11 bed · Apartment1,026 sq ft⃃ 1,300,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
12/10/2023The Jewels T1Commercial1,606 sq ft⃃ 2,300,000Resale · Ready
11/10/2023The Jewels T1Commercial3,550 sq ft⃃ 3,834,648Resale · Ready
29/08/2023The Jewels T13 beds · Apartment3,619 sq ft⃃ 3,900,000Resale · Ready
03/08/2023The Jewels T12 beds · Apartment2,141 sq ft⃃ 1,790,000Resale · Ready
11/07/2023The Jewels T13 beds · Apartment4,529 sq ft⃃ 5,500,000Resale · Ready
19/06/2023The Jewels T11 bed · Apartment1,110 sq ft⃃ 1,250,000Resale · Ready
14/06/2023The Jewels T14 beds · Apartment4,113 sq ft⃃ 3,900,000Resale · Ready
28/03/2023The Jewels T11 bed · Apartment1,023 sq ft⃃ 1,500,000Resale · Ready
22/02/2023The Jewels T12 beds · Apartment2,151 sq ft⃃ 2,330,000Resale · Ready
07/02/2023The Jewels T11 bed · Apartment1,026 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/the-jewels-t1/2023
The Jewels T1 Property Transactions 2023. DXBinteract, data to 15 Nov 2026. https://dxbinteract.com/dubai-property-transactions/the-jewels-t1/2023

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 The Jewels T1 in 2023?
11 property sales worth ⃃ 29,604,648 were registered in The Jewels T1 in 2023. That is 83.3% higher than 2022.
What was the median property price in The Jewels T1 in 2023?
The median sale price was ⃃ 2,300,000 and the median price per square foot ⃃ 1,091 (1 Jan – 31 Dec 2023).

Last updated · data to 15 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/the-jewels-t1/2023