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Building · Transactions · 2023

The Residences 1 Property Transactions 2023

14 property sales worth ⃃ 33.59M were registered in The Residences 1 in 2023, 40.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,962,500 and the median price per square foot ⃃ 1,841 (+15.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 14 salesUpdated: 15 Nov 2026
Property sales
14
+40.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 33.59M
+35.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,962,500
+28.7% vs 2022
14 sales
Median price per sq ft
⃃ 1,841
+15.3% vs 2022
14 sales

What types of property sold in The Residences 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments14100%⃃ 33.59M⃃ 1,962,500⃃ 1,841

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)14100%⃃ 33.59M⃃ 1,962,500⃃ 1,841
Ready14100%⃃ 33.59M⃃ 1,962,500⃃ 1,841

How many rental contracts were registered in The Residences 1 in 2023?

95 rental contracts (new and renewed) were registered in The Residences 1 in 2023, at a median annual rent of ⃃ 125,000 (+11.6% on 2022). Rental yields in The Residences 1

What were the most expensive property sales in The Residences 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/10/2023The Residences 12 beds · Apartment1,629 sq ft⃃ 4,900,000Resale · Ready
21/06/2023The Residences 12 beds · Apartment1,629 sq ft⃃ 4,150,000Resale · Ready
10/04/2023The Residences 12 beds · Apartment1,452 sq ft⃃ 3,250,000Resale · Ready
17/01/2023The Residences 12 beds · Apartment1,452 sq ft⃃ 3,000,000Resale · Ready
15/03/2023The Residences 11 bed · Apartment915 sq ft⃃ 2,100,000Resale · Ready
30/05/2023The Residences 11 bed · Apartment915 sq ft⃃ 2,000,000Resale · Ready
27/02/2023The Residences 11 bed · Apartment1,375 sq ft⃃ 2,000,000Resale · Ready
25/06/2023The Residences 11 bed · Apartment1,121 sq ft⃃ 1,925,000Resale · Ready
14/12/2023The Residences 11 bed · Apartment1,046 sq ft⃃ 1,850,000Resale · Ready
31/07/2023The Residences 11 bed · Apartment1,046 sq ft⃃ 1,840,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
14/12/2023The Residences 11 bed · Apartment1,046 sq ft⃃ 1,850,000Resale · Ready
30/10/2023The Residences 12 beds · Apartment1,629 sq ft⃃ 4,900,000Resale · Ready
31/07/2023The Residences 11 bed · Apartment1,046 sq ft⃃ 1,840,000Resale · Ready
06/07/2023The Residences 11 bed · Apartment1,046 sq ft⃃ 1,700,000Resale · Ready
25/06/2023The Residences 11 bed · Apartment1,121 sq ft⃃ 1,925,000Resale · Ready
21/06/2023The Residences 12 beds · Apartment1,629 sq ft⃃ 4,150,000Resale · Ready
30/05/2023The Residences 11 bed · Apartment915 sq ft⃃ 2,000,000Resale · Ready
18/04/2023The Residences 11 bed · Apartment915 sq ft⃃ 1,750,000Resale · Ready
10/04/2023The Residences 12 beds · Apartment1,452 sq ft⃃ 3,250,000Resale · Ready
15/03/2023The Residences 11 bed · Apartment915 sq ft⃃ 2,100,000Resale · 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-residences-1/2023
The Residences 1 Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/the-residences-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 The Residences 1 in 2023?
14 property sales worth ⃃ 33,590,000 were registered in The Residences 1 in 2023. That is 40.0% higher than 2022.
What was the median property price in The Residences 1 in 2023?
The median sale price was ⃃ 1,962,500 and the median price per square foot ⃃ 1,841 (1 Jan – 31 Dec 2023).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/the-residences-1/2023