Project · Transactions · 2023

V2 Property Transactions 2023

96 property sales worth ⃃ 55.79M were registered in V2 in 2023, 284.0% higher than 2022 by number of sales. The median sale price was ⃃ 534,785 and the median price per square foot ⃃ 896 (+6.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 96 salesUpdated: 13 Nov 2026
Property sales
96
+284.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 55.79M
+311.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 534,785
−1.9% vs 2022
96 sales
Median price per sq ft
⃃ 896
+6.7% vs 2022
96 sales

What types of property sold in V2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments96100%⃃ 55.79M⃃ 534,785⃃ 896

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)8588.5%⃃ 48.09M⃃ 534,570⃃ 885
Resale (secondary)1111.5%⃃ 7.7M⃃ 650,000⃃ 951
Off-plan11%⃃ 600K⃃ 600,000⃃ 852
Ready9599%⃃ 55.19M⃃ 534,570⃃ 898

How many rental contracts were registered in V2 in 2023?

85 rental contracts (new and renewed) were registered in V2 in 2023, at a median annual rent of ⃃ 48,000 (−70.0% on 2022). Rental yields in V2

What were the most expensive property sales in V2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/12/2023V22 beds · Apartment1,209 sq ft⃃ 1,150,000Resale · Ready
09/07/2023V22 beds · Apartment1,213 sq ft⃃ 1,100,000Primary · Ready
15/09/2023V22 beds · Apartment1,207 sq ft⃃ 1,080,000Resale · Ready
16/08/2023V22 beds · Apartment1,211 sq ft⃃ 1,014,000Primary · Ready
14/08/2023V22 beds · Apartment1,211 sq ft⃃ 1,010,000Primary · Ready
02/08/2023V22 beds · Apartment1,213 sq ft⃃ 1,010,000Primary · Ready
01/08/2023V22 beds · Apartment1,209 sq ft⃃ 1,010,000Primary · Ready
17/09/2023V22 beds · Apartment1,211 sq ft⃃ 1,000,000Primary · Ready
12/07/2023V22 beds · Apartment1,211 sq ft⃃ 975,000Resale · Ready
18/07/2023V22 beds · Apartment1,211 sq ft⃃ 967,200Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
18/12/2023V21 bed · Apartment724 sq ft⃃ 650,000Resale · Ready
18/12/2023V2Studio · Apartment481 sq ft⃃ 450,000Resale · Ready
12/12/2023V2Studio · Apartment426 sq ft⃃ 457,500Primary · Ready
12/12/2023V21 bed · Apartment710 sq ft⃃ 680,000Primary · Ready
12/12/2023V2Studio · Apartment430 sq ft⃃ 492,000Primary · Ready
11/12/2023V22 beds · Apartment1,209 sq ft⃃ 1,150,000Resale · Ready
07/12/2023V2Studio · Apartment429 sq ft⃃ 450,000Primary · Ready
07/12/2023V2Studio · Apartment429 sq ft⃃ 460,000Primary · Ready
28/11/2023V21 bed · Apartment721 sq ft⃃ 616,970Primary · Ready
23/11/2023V21 bed · Apartment667 sq ft⃃ 535,000Primary · 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/v2-x/2023
V2 Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/v2-x/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 V2 in 2023?
96 property sales worth ⃃ 55,793,061 were registered in V2 in 2023. That is 284.0% higher than 2022.
What was the median property price in V2 in 2023?
The median sale price was ⃃ 534,785 and the median price per square foot ⃃ 896 (1 Jan – 31 Dec 2023).
What share of 2023 sales in V2 were off-plan or from developers?
Developer (primary) sales were 88.5% of the 96 sales and resales 11.5%. Off-plan units made up 1% and ready units 99%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/v2-x/2023