Master Project · Transactions · 2023

District 11, Mohammed Bin Rashid City Property Transactions 2023

691 property sales worth ⃃ 3.8B were registered in District 11, Mohammed Bin Rashid City in 2023, 160.8% higher than 2022 by number of sales. The median sale price was ⃃ 3,640,106 and the median price per square foot ⃃ 1,687 (+1.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 691 salesUpdated: 17 Oct 2026
Property sales
691
+160.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 3.8B
+332.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 3,640,106
+3.5% vs 2022
691 sales
Median price per sq ft
⃃ 1,687
+1.4% vs 2022
691 sales

What types of property sold in District 11, Mohammed Bin Rashid City in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments314.5%⃃ 46.18M⃃ 1,250,000⃃ 849
Villas40.6%⃃ 130.74M⃃ 34,331,328⃃ 2,595

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)46767.6%⃃ 2.8B⃃ 3,600,000⃃ 1,707
Resale (secondary)22432.4%⃃ 994.43M⃃ 3,703,201⃃ 1,560
Off-plan61288.6%⃃ 2.4B⃃ 3,598,341⃃ 1,707
Ready7911.4%⃃ 1.4B⃃ 11,000,000⃃ 680

How many rental contracts were registered in District 11, Mohammed Bin Rashid City in 2023?

1,086 rental contracts (new and renewed) were registered in District 11, Mohammed Bin Rashid City in 2023, at a median annual rent of ⃃ 130,000 (+62.5% on 2022). Rental yields in District 11, Mohammed Bin Rashid City

What were the most expensive property sales in District 11, Mohammed Bin Rashid City in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
12/06/2023District 11, Mohammed Bin Rashid CityPlot262,367 sq ft⃃ 82,775,696Primary · Ready
12/06/2023District 11, Mohammed Bin Rashid CityPlot257,886 sq ft⃃ 81,361,920Primary · Ready
09/06/2023District 11, Mohammed Bin Rashid CityPlot361,646 sq ft⃃ 78,179,000Primary · Ready
18/09/2023District 11, Mohammed Bin Rashid CityPlot218,930 sq ft⃃ 69,074,000Primary · Ready
23/05/2023District 11, Mohammed Bin Rashid CityPlot217,381 sq ft⃃ 68,585,000Primary · Ready
28/11/2023District 11, Mohammed Bin Rashid CityPlot216,001 sq ft⃃ 68,500,000Resale · Ready
25/05/2023The Waterside Villas By EllingtonPlot205,062 sq ft⃃ 64,697,000Primary · Ready
12/10/2023Wellington Grand VillasPlot207,901 sq ft⃃ 64,500,000Resale · Ready
18/09/2023District 11, Mohammed Bin Rashid CityPlot241,414 sq ft⃃ 56,421,000Primary · Ready
12/06/2023District 11, Mohammed Bin Rashid CityPlot241,050 sq ft⃃ 56,336,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Jade At The Fields3 beds · Townhouse2,015 sq ft⃃ 3,317,777Resale · Off-plan
28/12/2023Viridian At The Fields4 beds · Townhouse3,100 sq ft⃃ 2,920,000Resale · Off-plan
28/12/2023District 11, Mohammed Bin Rashid CityPlot15,069 sq ft⃃ 12,772,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot60,278 sq ft⃃ 13,410,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot16,577 sq ft⃃ 11,277,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot15,070 sq ft⃃ 12,772,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot16,611 sq ft⃃ 11,865,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot15,069 sq ft⃃ 12,772,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot15,070 sq ft⃃ 12,772,800Primary · Ready
28/12/2023District 11, Mohammed Bin Rashid CityPlot33,153 sq ft⃃ 11,277,800Primary · 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/district-11-mohammed-bin-rashid-city/2023
District 11, Mohammed Bin Rashid City Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/district-11-mohammed-bin-rashid-city/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 District 11, Mohammed Bin Rashid City in 2023?
691 property sales worth ⃃ 3,787,344,613 were registered in District 11, Mohammed Bin Rashid City in 2023. That is 160.8% higher than 2022.
What was the median property price in District 11, Mohammed Bin Rashid City in 2023?
The median sale price was ⃃ 3,640,106 and the median price per square foot ⃃ 1,687 (1 Jan – 31 Dec 2023).
What share of 2023 sales in District 11, Mohammed Bin Rashid City were off-plan or from developers?
Developer (primary) sales were 67.6% of the 691 sales and resales 32.4%. Off-plan units made up 88.6% and ready units 11.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/district-11-mohammed-bin-rashid-city/2023