Master Project · Transactions · 2023

Festival City Property Transactions 2023

49 property sales worth ⃃ 115.49M were registered in Festival City in 2023, 28.9% higher than 2022 by number of sales. The median sale price was ⃃ 2,238,000 and the median price per square foot ⃃ 1,168 (+3.1% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 49 salesUpdated: 19 Oct 2026
Property sales
49
+28.9% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 115.49M
+3.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,238,000
−24.1% vs 2022
49 sales
Median price per sq ft
⃃ 1,168
+3.1% vs 2022
49 sales

What types of property sold in Festival City in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4898%⃃ 108.14M⃃ 2,219,000⃃ 1,162
Villas12%⃃ 7.35M⃃ 7,350,000⃃ 1,369

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)1530.6%⃃ 42.08M⃃ 2,755,000⃃ 1,400
Resale (secondary)3469.4%⃃ 73.41M⃃ 1,825,000⃃ 1,075
Ready49100%⃃ 115.49M⃃ 2,238,000⃃ 1,168

How many rental contracts were registered in Festival City in 2023?

417 rental contracts (new and renewed) were registered in Festival City in 2023, at a median annual rent of ⃃ 160,000 (+10.3% on 2022). Rental yields in Festival City

What were the most expensive property sales in Festival City in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/05/2023Festival City4 beds · Villa3,743 sq ft⃃ 7,350,000Resale · Ready
06/11/2023Al Badia Residences Buildings 104 beds · Apartment3,112 sq ft⃃ 4,100,000Resale · Ready
29/03/2023Marsa Plaza - Core 23 beds · Apartment2,705 sq ft⃃ 3,824,000Primary · Ready
27/03/2023Marsa Plaza - Core 13 beds · Apartment2,431 sq ft⃃ 3,615,000Primary · Ready
08/06/2023Al Badia Residences Buildings 104 beds · Apartment3,112 sq ft⃃ 3,600,000Resale · Ready
11/12/2023Al Badia Hillside 23 beds · Apartment3,538 sq ft⃃ 3,500,000Resale · Ready
13/06/2023Marsa Plaza - Core 13 beds · Apartment2,325 sq ft⃃ 3,378,000Primary · Ready
17/05/2023Marsa Plaza - Core 12 beds · Apartment2,275 sq ft⃃ 3,112,000Primary · Ready
17/08/2023Marsa Plaza - Core 13 beds · Apartment2,397 sq ft⃃ 3,100,000Primary · Ready
17/07/2023Marsa Plaza - Core 13 beds · Apartment2,304 sq ft⃃ 3,027,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
12/12/2023Al Badia Residences Buildings 113 beds · Apartment2,186 sq ft⃃ 2,700,000Resale · Ready
12/12/2023Marsa Plaza - Core 12 beds · Apartment1,651 sq ft⃃ 2,601,000Primary · Ready
11/12/2023Al Badia Hillside 23 beds · Apartment3,538 sq ft⃃ 3,500,000Resale · Ready
05/12/2023Al Badia Residences Buildings 33 beds · Apartment3,269 sq ft⃃ 2,800,000Resale · Ready
01/12/2023Al Badia Hillside 61 bed · Apartment953 sq ft⃃ 1,200,000Resale · Ready
28/11/2023Al Badia Residences Buildings 82 beds · Apartment2,416 sq ft⃃ 2,200,000Resale · Ready
20/11/2023Al Badia Hillside 52 beds · Apartment2,190 sq ft⃃ 800,000Resale · Ready
20/11/2023Al Badia Hillside 53 beds · Apartment3,514 sq ft⃃ 1,200,000Resale · Ready
14/11/2023Marsa Plaza - Core 12 beds · Apartment1,695 sq ft⃃ 2,755,000Primary · Ready
08/11/2023Al Badia Residences Buildings 82 beds · Apartment2,256 sq ft⃃ 2,050,000Resale · 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/festival-city/2023
Festival City Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/festival-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 Festival City in 2023?
49 property sales worth ⃃ 115,488,433 were registered in Festival City in 2023. That is 28.9% higher than 2022.
What was the median property price in Festival City in 2023?
The median sale price was ⃃ 2,238,000 and the median price per square foot ⃃ 1,168 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Festival City were off-plan or from developers?
Developer (primary) sales were 30.6% of the 49 sales and resales 69.4%. Primary/resale and off-plan/ready are different splits.

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