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Project · Transactions · 2023

The Matrix Property Transactions 2023

24 property sales worth ⃃ 14.52M were registered in The Matrix in 2023, 50.0% higher than 2022 by number of sales. The median sale price was ⃃ 522,500 and the median price per square foot ⃃ 806 (−5.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 24 salesUpdated: 14 Nov 2026
Property sales
24
+50.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 14.52M
+7.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 522,500
−12.9% vs 2022
24 sales
Median price per sq ft
⃃ 806
−5.3% vs 2022
24 sales

What types of property sold in The Matrix in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments24100%⃃ 14.52M⃃ 522,500⃃ 806

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)28.3%⃃ 2.08M⃃ 1,039,179⃃ 1,735
Resale (secondary)2291.7%⃃ 12.44M⃃ 512,500⃃ 787
Ready24100%⃃ 14.52M⃃ 522,500⃃ 806

How many rental contracts were registered in The Matrix in 2023?

323 rental contracts (new and renewed) were registered in The Matrix in 2023, at a median annual rent of ⃃ 44,100 (+10.3% on 2022). Rental yields in The Matrix

What were the most expensive property sales in The Matrix in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/12/2023The MatrixStudio · Apartment601 sq ft⃃ 1,451,340Primary · Ready
03/10/2023The MatrixStudio · Apartment599 sq ft⃃ 1,000,000Resale · Ready
30/03/2023The Matrix1 bed · Apartment1,131 sq ft⃃ 760,000Resale · Ready
28/09/2023The Matrix1 bed · Apartment860 sq ft⃃ 710,000Resale · Ready
16/10/2023The Matrix1 bed · Apartment860 sq ft⃃ 700,000Resale · Ready
06/07/2023The Matrix1 bed · Apartment1,144 sq ft⃃ 700,000Resale · Ready
07/09/2023The Matrix1 bed · Apartment908 sq ft⃃ 682,267Resale · Ready
16/11/2023The MatrixStudio · Apartment594 sq ft⃃ 627,018Primary · Ready
04/10/2023The MatrixStudio · Apartment609 sq ft⃃ 575,000Resale · Ready
24/08/2023The MatrixStudio · Apartment594 sq ft⃃ 561,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
20/12/2023The MatrixStudio · Apartment601 sq ft⃃ 1,451,340Primary · Ready
07/12/2023The MatrixStudio · Apartment601 sq ft⃃ 510,000Resale · Ready
16/11/2023The MatrixStudio · Apartment594 sq ft⃃ 627,018Primary · Ready
15/11/2023The MatrixStudio · Apartment606 sq ft⃃ 470,000Resale · Ready
24/10/2023The MatrixStudio · Apartment595 sq ft⃃ 475,000Resale · Ready
16/10/2023The Matrix1 bed · Apartment860 sq ft⃃ 700,000Resale · Ready
04/10/2023The MatrixStudio · Apartment609 sq ft⃃ 575,000Resale · Ready
03/10/2023The MatrixStudio · Apartment603 sq ft⃃ 530,000Resale · Ready
03/10/2023The MatrixStudio · Apartment599 sq ft⃃ 1,000,000Resale · Ready
28/09/2023The Matrix1 bed · Apartment860 sq ft⃃ 710,000Resale · 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-matrix/2023
The Matrix Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/the-matrix/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 Matrix in 2023?
24 property sales worth ⃃ 14,522,540 were registered in The Matrix in 2023. That is 50.0% higher than 2022.
What was the median property price in The Matrix in 2023?
The median sale price was ⃃ 522,500 and the median price per square foot ⃃ 806 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Matrix were off-plan or from developers?
Developer (primary) sales were 8.3% of the 24 sales and resales 91.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/the-matrix/2023