Project · Transactions · 2023

Binghatti Canal Property Transactions 2023

55 property sales worth ⃃ 82.3M were registered in Binghatti Canal in 2023, 80.4% lower than 2022 by number of sales. The median sale price was ⃃ 1,300,000 and the median price per square foot ⃃ 1,868 (+12.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 55 salesUpdated: 18 Oct 2026
Property sales
55
−80.4% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 82.3M
−76.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,300,000
+9.4% vs 2022
55 sales
Median price per sq ft
⃃ 1,868
+12.6% vs 2022
55 sales

What types of property sold in Binghatti Canal in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5090.9%⃃ 65.77M⃃ 1,200,000⃃ 1,851
Commercial59.1%⃃ 16.53M⃃ 3,340,000⃃ 2,398

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)1934.5%⃃ 34.06M⃃ 1,400,000⃃ 1,902
Resale (secondary)3665.5%⃃ 48.24M⃃ 1,185,909⃃ 1,861
Off-plan2952.7%⃃ 42.49M⃃ 1,300,000⃃ 1,844
Ready2647.3%⃃ 39.81M⃃ 1,311,250⃃ 1,971

How many rental contracts were registered in Binghatti Canal in 2023?

94 rental contracts (new and renewed) were registered in Binghatti Canal in 2023, at a median annual rent of ⃃ 95,000. Rental yields in Binghatti Canal

What were the most expensive property sales in Binghatti Canal in 2023?

The ten highest registered sale prices in the year.

No transactions on record for this selection.

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
21/12/2023Binghatti Canal1 bed · Apartment703 sq ft⃃ 1,680,000Resale · Ready
18/12/2023Binghatti CanalStudio · Apartment450 sq ft⃃ 820,000Resale · Ready
18/12/2023Binghatti Canal2 beds · Apartment1,326 sq ft⃃ 2,500,000Resale · Ready
12/12/2023Binghatti CanalStudio · Apartment488 sq ft⃃ 1,360,000Resale · Ready
03/11/2023Binghatti Canal1 bed · Apartment706 sq ft⃃ 1,420,000Resale · Ready
26/10/2023Binghatti CanalStudio · Apartment491 sq ft⃃ 1,200,000Resale · Ready
25/10/2023Binghatti Canal1 bed · Apartment704 sq ft⃃ 1,650,000Resale · Ready
28/09/2023Binghatti CanalStudio · Apartment448 sq ft⃃ 831,000Resale · Ready
26/09/2023Binghatti Canal1 bed · Apartment706 sq ft⃃ 1,660,000Resale · Ready
19/09/2023Binghatti CanalStudio · Apartment447 sq ft⃃ 835,000Resale · 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/binghatti-canal/2023
Binghatti Canal Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/binghatti-canal/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 Binghatti Canal in 2023?
55 property sales worth ⃃ 82,300,417 were registered in Binghatti Canal in 2023. That is 80.4% lower than 2022.
What was the median property price in Binghatti Canal in 2023?
The median sale price was ⃃ 1,300,000 and the median price per square foot ⃃ 1,868 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Binghatti Canal were off-plan or from developers?
Developer (primary) sales were 34.5% of the 55 sales and resales 65.5%. Off-plan units made up 52.7% and ready units 47.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/binghatti-canal/2023