City · Transactions · 2023

Dubai Property Transactions 2023

133,638 property sales worth ⃃ 412.3B were registered in Dubai in 2023, 38.5% higher than 2022 by number of sales. The median sale price was ⃃ 1,530,000 and the median price per square foot ⃃ 1,378 (+13.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 133,638 salesUpdated: 17 Oct 2026
Property sales
133,638
+38.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 412.3B
+56.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,530,000
−2.5% vs 2022
133,638 sales
Median price per sq ft
⃃ 1,378
+13.9% vs 2022
133,638 sales

What types of property sold in Dubai in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments99,83874.7%⃃ 199.4B⃃ 1,237,020⃃ 1,527
Villas15,01811.2%⃃ 98.6B⃃ 3,400,888⃃ 1,208
Commercial3,9062.9%⃃ 6.9B⃃ 1,050,000⃃ 1,087

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)79,56459.5%⃃ 256.3B⃃ 1,530,000⃃ 1,456
Resale (secondary)54,07440.5%⃃ 156B⃃ 1,530,000⃃ 1,227
Off-plan73,36854.9%⃃ 210.2B⃃ 1,674,695⃃ 1,588
Ready60,27045.1%⃃ 202.1B⃃ 1,330,000⃃ 1,141

How many rental contracts were registered in Dubai in 2023?

841,884 rental contracts (new and renewed) were registered in Dubai in 2023, at a median annual rent of ⃃ 49,500 (+7.6% on 2022). Rental yields in Dubai

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
12/04/2023MugatrahPlot64,977,113 sq ft⃃ 3,869,204,024Primary · Ready
19/12/2023Al Yelayiss 5Plot66,538,624 sq ft⃃ 2,427,140,685Primary · Ready
09/10/2023Al Safouh SecondPlot2,753,160 sq ft⃃ 1,834,286,000Primary · Ready
27/03/2023Dubai Creek HarbourPlot35,096,590 sq ft⃃ 1,570,838,790Primary · Ready
27/03/2023Creekside 18Plot7,206,396 sq ft⃃ 1,570,838,790Primary · Ready
09/10/2023Palm JumeirahPlot584,346 sq ft⃃ 1,000,000,000Resale · Ready
08/12/2023The Royal Amwaj (Anantara Residences)Plot858,638 sq ft⃃ 940,000,000Primary · Ready
18/12/2023Palm JumeirahPlot507,475 sq ft⃃ 720,000,000Resale · Ready
23/05/2023Dubai World CentralPlot13,673,523 sq ft⃃ 659,538,246Primary · Ready
12/04/2023Al Layan1Plot33,108,127 sq ft⃃ 630,795,976Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
31/12/2023Mar Casa1 bed · Apartment763 sq ft⃃ 1,381,560Primary · Off-plan
30/12/2023The Haven - Tower BStudio · Apartment463 sq ft⃃ 490,700Primary · Off-plan
30/12/2023Concept 7 Residences1 bed · Apartment735 sq ft⃃ 926,494Primary · Off-plan
30/12/2023The Haven - Tower BStudio · Apartment463 sq ft⃃ 538,048Primary · Off-plan
30/12/2023Serene Gardens By Prescott2 beds · Apartment1,223 sq ft⃃ 1,490,000Primary · Off-plan
30/12/2023Amal TowerStudio · Apartment398 sq ft⃃ 493,591Resale · Off-plan
30/12/2023Rise ResidencesStudio · Apartment417 sq ft⃃ 541,411Primary · Off-plan
30/12/2023Concept 7 Residences1 bed · Apartment690 sq ft⃃ 1,101,753Primary · Off-plan
30/12/2023The Haven - Tower A2 beds · Apartment1,002 sq ft⃃ 1,104,344Primary · Off-plan
30/12/2023Samana Skyros1 bed · Apartment831 sq ft⃃ 1,211,198Primary · Off-plan

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/dubai/2023
Dubai Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/dubai/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 Dubai in 2023?
133,638 property sales worth ⃃ 412,287,064,311 were registered in Dubai in 2023. That is 38.5% higher than 2022.
What was the median property price in Dubai in 2023?
The median sale price was ⃃ 1,530,000 and the median price per square foot ⃃ 1,378 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Dubai were off-plan or from developers?
Developer (primary) sales were 59.5% of the 133,638 sales and resales 40.5%. Off-plan units made up 54.9% and ready units 45.1%. Primary/resale and off-plan/ready are different splits.

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