Area · Transactions · 2023

Al Safouh First Property Transactions 2023

194 property sales worth ⃃ 673.52M were registered in Al Safouh First in 2023, 870.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,674,840 and the median price per square foot ⃃ 1,953 (+90.0% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 194 salesUpdated: 17 Oct 2026
Property sales
194
+870.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 673.52M
+78.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,674,840
−11.9% vs 2022
194 sales
Median price per sq ft
⃃ 1,953
+90.0% vs 2022
194 sales

What types of property sold in Al Safouh First in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments19198.5%⃃ 541.47M⃃ 1,671,780⃃ 1,880

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)9951%⃃ 485.81M⃃ 2,178,442⃃ 2,572
Resale (secondary)9549%⃃ 187.71M⃃ 1,150,000⃃ 1,056
Off-plan9649.5%⃃ 407.85M⃃ 2,180,784⃃ 2,579
Ready9850.5%⃃ 265.67M⃃ 1,150,000⃃ 1,059

How many rental contracts were registered in Al Safouh First in 2023?

1,640 rental contracts (new and renewed) were registered in Al Safouh First in 2023, at a median annual rent of ⃃ 76,335 (+3.2% on 2022). Rental yields in Al Safouh First

What were the most expensive property sales in Al Safouh First in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/05/2023Tecom Site BPlot30,354 sq ft⃃ 74,500,000Primary · Ready
28/03/2023Tecom Site BPlot58,160 sq ft⃃ 38,550,000Resale · Ready
09/10/2023Al Safouh FirstPlot13,333 sq ft⃃ 19,000,000Resale · Ready
11/10/2023Sabah Dubai Skyline3 beds · Apartment2,339 sq ft⃃ 13,322,088Primary · Off-plan
27/10/2023Sabah Dubai Skyline3 beds · Apartment2,359 sq ft⃃ 13,322,088Primary · Off-plan
27/10/2023Sabah Dubai Skyline3 beds · Apartment2,347 sq ft⃃ 13,156,544Primary · Off-plan
01/12/2023Sabah Dubai Skyline3 beds · Apartment2,353 sq ft⃃ 13,089,763Primary · Off-plan
15/12/2023Sabah Dubai Skyline3 beds · Apartment2,195 sq ft⃃ 12,772,973Primary · Off-plan
23/11/2023Sabah Dubai Skyline3 beds · Apartment2,312 sq ft⃃ 12,770,587Primary · Off-plan
23/06/2023Sabah Dubai Skyline3 beds · Apartment2,224 sq ft⃃ 10,675,000Primary · Off-plan

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
25/12/2023J82 beds · Apartment1,317 sq ft⃃ 1,367,624Resale · Ready
24/12/2023Sabah Dubai Skyline2 beds · Apartment1,811 sq ft⃃ 9,095,820Primary · Off-plan
20/12/2023Biltmore Sufouh1 bed · Apartment786 sq ft⃃ 1,914,763Primary · Off-plan
20/12/2023Biltmore Sufouh2 beds · Apartment1,128 sq ft⃃ 2,350,070Primary · Off-plan
20/12/2023Biltmore Sufouh1 bed · Apartment780 sq ft⃃ 1,702,533Primary · Off-plan
20/12/2023Biltmore Sufouh1 bed · Apartment786 sq ft⃃ 1,892,363Primary · Off-plan
20/12/2023Biltmore Sufouh2 beds · Apartment1,322 sq ft⃃ 2,709,018Primary · Off-plan
20/12/2023Hilliana Tower2 beds · Apartment1,407 sq ft⃃ 1,350,000Resale · Ready
15/12/2023Sabah Dubai Skyline3 beds · Apartment2,195 sq ft⃃ 12,772,973Primary · Off-plan
15/12/2023Bahia 22 beds · Apartment1,341 sq ft⃃ 1,600,000Resale · 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/al-safouh-first/2023
Al Safouh First Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/al-safouh-first/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 Al Safouh First in 2023?
194 property sales worth ⃃ 673,516,565 were registered in Al Safouh First in 2023. That is 870.0% higher than 2022.
What was the median property price in Al Safouh First in 2023?
The median sale price was ⃃ 1,674,840 and the median price per square foot ⃃ 1,953 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Al Safouh First were off-plan or from developers?
Developer (primary) sales were 51% of the 194 sales and resales 49%. Off-plan units made up 49.5% and ready units 50.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/al-safouh-first/2023