Area · Transactions · 2023

Hadaeq Sheikh Mohammed Bin Rashid Property Transactions 2023

5,490 property sales worth ⃃ 17B were registered in Hadaeq Sheikh Mohammed Bin Rashid in 2023, 49.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,900,000 and the median price per square foot ⃃ 1,974 (+19.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 5,490 salesUpdated: 17 Oct 2026
Property sales
5,490
+49.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 17B
+18.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,900,000
+11.7% vs 2022
5,490 sales
Median price per sq ft
⃃ 1,974
+19.9% vs 2022
5,490 sales

What types of property sold in Hadaeq Sheikh Mohammed Bin Rashid in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4,77987%⃃ 9.4B⃃ 1,671,888⃃ 1,991
Villas3145.7%⃃ 5B⃃ 11,073,388⃃ 2,249
Commercial160.3%⃃ 49.77M⃃ 2,397,810⃃ 3,001

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)3,54864.6%⃃ 8.7B⃃ 1,964,888⃃ 2,023
Resale (secondary)1,94235.4%⃃ 8.3B⃃ 1,690,114⃃ 1,857
Off-plan3,96872.3%⃃ 9.8B⃃ 1,931,040⃃ 2,014
Ready1,52227.7%⃃ 7.2B⃃ 1,777,500⃃ 1,843

How many rental contracts were registered in Hadaeq Sheikh Mohammed Bin Rashid in 2023?

4,225 rental contracts (new and renewed) were registered in Hadaeq Sheikh Mohammed Bin Rashid in 2023, at a median annual rent of ⃃ 105,000 (+23.5% on 2022). Rental yields in Hadaeq Sheikh Mohammed Bin Rashid

What were the most expensive property sales in Hadaeq Sheikh Mohammed Bin Rashid in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
13/11/2023City View Dubai Hills ResidencesPlot88,102 sq ft⃃ 201,820,873Primary · Ready
29/11/2023Dubai Hills - Hills View CommunityVilla35,600 sq ft⃃ 125,000,000Resale · Ready
08/05/2023Dubai Hills - Hills View Community5 beds · Villa27,449 sq ft⃃ 120,000,000Resale · Ready
31/07/2023Dubai Hills - Hills View CommunityVilla28,089 sq ft⃃ 111,000,000Resale · Ready
12/06/2023Dubai Hills - Hills View CommunityVilla35,587 sq ft⃃ 81,500,000Primary · Ready
09/05/2023Dubai Hills - Hills View CommunityVilla36,695 sq ft⃃ 78,750,000Resale · Ready
01/11/2023Dubai Hills - Hills Grove CommunityVilla39,526 sq ft⃃ 65,000,000Primary · Ready
05/10/2023The Parkway At Dubai Hills5 beds · Villa12,148 sq ft⃃ 65,000,000Resale · Ready
01/12/2023The Fairway At Dubai HillsPlot13,506 sq ft⃃ 57,000,000Resale · Ready
03/02/2023Dubai Hills - Hills View Community10 beds · Villa41,418 sq ft⃃ 54,000,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Club Drive Tower B1 bed · Apartment729 sq ft⃃ 1,626,888Primary · Off-plan
28/12/2023Club Drive Tower B1 bed · Apartment747 sq ft⃃ 1,639,888Primary · Off-plan
28/12/2023Club Drive Tower B2 beds · Apartment1,084 sq ft⃃ 2,754,888Primary · Off-plan
28/12/2023Club Drive Tower B2 beds · Apartment1,185 sq ft⃃ 2,984,739Primary · Off-plan
28/12/2023Club Drive Tower B1 bed · Apartment729 sq ft⃃ 1,620,888Primary · Off-plan
28/12/2023Club Drive Tower B1 bed · Apartment729 sq ft⃃ 1,613,888Primary · Off-plan
28/12/2023Club Drive Tower B3 beds · Apartment1,561 sq ft⃃ 3,858,888Primary · Off-plan
28/12/2023Club Drive Tower B2 beds · Apartment1,159 sq ft⃃ 2,270,888Primary · Off-plan
28/12/2023Club Drive Tower B1 bed · Apartment789 sq ft⃃ 1,676,888Primary · Off-plan
28/12/2023Club Drive Tower B1 bed · Apartment747 sq ft⃃ 1,594,888Primary · 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/hadaeq-sheikh-mohammed-bin-rashid/2023
Hadaeq Sheikh Mohammed Bin Rashid Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/hadaeq-sheikh-mohammed-bin-rashid/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 Hadaeq Sheikh Mohammed Bin Rashid in 2023?
5,490 property sales worth ⃃ 16,983,442,753 were registered in Hadaeq Sheikh Mohammed Bin Rashid in 2023. That is 49.0% higher than 2022.
What was the median property price in Hadaeq Sheikh Mohammed Bin Rashid in 2023?
The median sale price was ⃃ 1,900,000 and the median price per square foot ⃃ 1,974 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Hadaeq Sheikh Mohammed Bin Rashid were off-plan or from developers?
Developer (primary) sales were 64.6% of the 5,490 sales and resales 35.4%. Off-plan units made up 72.3% and ready units 27.7%. Primary/resale and off-plan/ready are different splits.

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