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Area · Transactions · 2023

Um Suqaim Third Property Transactions 2023

944 property sales worth ⃃ 4.1B were registered in Um Suqaim Third in 2023, 7.6% lower than 2022 by number of sales. The median sale price was ⃃ 2,581,000 and the median price per square foot ⃃ 2,375 (+13.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 944 salesUpdated: 14 Nov 2026
Property sales
944
−7.6% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.1B
+27.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,581,000
+18.9% vs 2022
944 sales
Median price per sq ft
⃃ 2,375
+13.4% vs 2022
944 sales

What types of property sold in Um Suqaim Third in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments93198.6%⃃ 3.8B⃃ 2,578,000⃃ 2,380

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)65269.1%⃃ 3.2B⃃ 2,661,500⃃ 2,368
Resale (secondary)29230.9%⃃ 949.42M⃃ 2,200,000⃃ 2,386
Off-plan9710.3%⃃ 477.82M⃃ 2,630,000⃃ 2,490
Ready84789.7%⃃ 3.6B⃃ 2,579,000⃃ 2,363

How many rental contracts were registered in Um Suqaim Third in 2023?

718 rental contracts (new and renewed) were registered in Um Suqaim Third in 2023, at a median annual rent of ⃃ 181,000 (+1.4% on 2022). Rental yields in Um Suqaim Third

What were the most expensive property sales in Um Suqaim Third in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/07/2023Jumeirah Marsa Al Arab5 beds · Apartment27,992 sq ft⃃ 420,000,000Primary · Ready
09/09/2023Jumeirah Marsa Al Arab5 beds · Apartment19,304 sq ft⃃ 286,000,000Primary · Ready
20/06/2023Jumeirah Living Marsa Al Arab4 beds · Apartment4,786 sq ft⃃ 76,500,000Resale · Off-plan
01/08/2023Jumeirah Living Marsa Al Arab3 beds · Apartment5,331 sq ft⃃ 64,500,000Resale · Off-plan
17/04/2023Um Suqaim ThirdPlot57,856 sq ft⃃ 44,000,000Primary · Ready
20/07/2023Jumeirah Living Marsa Al Arab2 beds · Apartment2,120 sq ft⃃ 41,000,000Resale · Off-plan
16/06/2023Um Suqaim ThirdPlot37,900 sq ft⃃ 33,000,000Primary · Ready
26/01/2023Um Suqaim ThirdPlot50,546 sq ft⃃ 32,000,000Primary · Ready
01/02/2023Um Suqaim ThirdPlot50,546 sq ft⃃ 32,000,000Resale · Ready
12/07/2023Um Suqaim ThirdPlot39,755 sq ft⃃ 31,804,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Jadeel 21 bed · Apartment759 sq ft⃃ 1,700,000Resale · Ready
28/12/2023Asayel 21 bed · Apartment978 sq ft⃃ 2,225,000Resale · Ready
28/12/2023Rahaal 12 beds · Apartment1,997 sq ft⃃ 3,550,000Resale · Ready
27/12/2023Jadeel 31 bed · Apartment759 sq ft⃃ 1,740,000Resale · Ready
27/12/2023Rahaal 21 bed · Apartment806 sq ft⃃ 2,250,000Resale · Ready
26/12/2023Al Jazi 31 bed · Apartment740 sq ft⃃ 1,735,000Resale · Off-plan
22/12/2023Lamtara 21 bed · Apartment772 sq ft⃃ 2,500,000Resale · Ready
21/12/2023Asayel 32 beds · Apartment1,186 sq ft⃃ 3,375,000Resale · Ready
19/12/2023Elara 21 bed · Apartment852 sq ft⃃ 2,827,000Primary · Ready
19/12/2023Elara 22 beds · Apartment1,574 sq ft⃃ 3,604,000Primary · 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/um-suqaim-third/2023
Um Suqaim Third Property Transactions 2023. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/um-suqaim-third/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 Um Suqaim Third in 2023?
944 property sales worth ⃃ 4,111,774,548 were registered in Um Suqaim Third in 2023. That is 7.6% lower than 2022.
What was the median property price in Um Suqaim Third in 2023?
The median sale price was ⃃ 2,581,000 and the median price per square foot ⃃ 2,375 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Um Suqaim Third were off-plan or from developers?
Developer (primary) sales were 69.1% of the 944 sales and resales 30.9%. Off-plan units made up 10.3% and ready units 89.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/um-suqaim-third/2023