Master Project · Transactions · 2023

International City Phase 1 Property Transactions 2023

2,334 property sales worth ⃃ 1.3B were registered in International City Phase 1 in 2023, 37.1% higher than 2022 by number of sales. The median sale price was ⃃ 350,000 and the median price per square foot ⃃ 536 (+17.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 2,334 salesUpdated: 18 Oct 2026
Property sales
2,334
+37.1% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 1.3B
+32.9% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 350,000
+16.7% vs 2022
2,334 sales
Median price per sq ft
⃃ 536
+17.7% vs 2022
2,334 sales

What types of property sold in International City Phase 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1,93682.9%⃃ 786.73M⃃ 335,000⃃ 508
Villas1114.8%⃃ 172.96M⃃ 1,598,888⃃ 794
Commercial27511.8%⃃ 156.54M⃃ 499,000⃃ 874

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)51322%⃃ 341.14M⃃ 603,000⃃ 1,000
Resale (secondary)1,82178%⃃ 922.34M⃃ 330,000⃃ 506
Off-plan46119.8%⃃ 311.29M⃃ 681,000⃃ 1,159
Ready1,87380.2%⃃ 952.2M⃃ 330,000⃃ 506

How many rental contracts were registered in International City Phase 1 in 2023?

27,711 rental contracts (new and renewed) were registered in International City Phase 1 in 2023, at a median annual rent of ⃃ 32,000 (+9.1% on 2022). Rental yields in International City Phase 1

What were the most expensive property sales in International City Phase 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/03/2023International City Phase 1Plot18,368 sq ft⃃ 31,000,000Resale · Ready
11/09/2023International City Phase 1Plot157,511 sq ft⃃ 22,000,000Resale · Ready
29/03/2023International City EmaratiPlot28,249 sq ft⃃ 17,500,000Resale · Ready
14/11/2023International City Phase 1Plot17,098 sq ft⃃ 13,000,000Resale · Ready
10/08/2023International City EmaratiPlot13,186 sq ft⃃ 13,000,000Resale · Ready
01/02/2023International City Phase 1Plot9,160 sq ft⃃ 12,500,000Resale · Ready
26/01/2023International City Phase 1Plot9,160 sq ft⃃ 12,500,000Resale · Ready
28/07/2023International City Phase 1Plot33,018 sq ft⃃ 12,105,414Resale · Ready
02/11/2023International City Phase 1Plot14,719 sq ft⃃ 5,500,000Resale · Ready
08/05/2023International City Phase 1Plot14,772 sq ft⃃ 5,450,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Olivz Residence Block 3Studio · Apartment394 sq ft⃃ 380,000Resale · Off-plan
28/12/2023Olivz Residence Block 1Studio · Apartment424 sq ft⃃ 400,000Resale · Off-plan
28/12/2023Trafalgar Executive1 bed · Apartment836 sq ft⃃ 490,000Resale · Off-plan
28/12/2023X23Studio · Apartment463 sq ft⃃ 268,000Resale · Ready
28/12/2023N-15Studio · Apartment474 sq ft⃃ 250,000Resale · Ready
28/12/2023Trafalgar1 bed · Apartment404 sq ft⃃ 268,209Primary · Ready
28/12/2023U04Commercial710 sq ft⃃ 490,000Resale · Ready
28/12/2023Prime Residency22 beds · Apartment1,009 sq ft⃃ 615,000Resale · Ready
28/12/2023Riviera ResidenceCommercial1,020 sq ft⃃ 1,217,568Resale · Ready
28/12/2023Riviera ResidenceCommercial907 sq ft⃃ 1,082,432Resale · 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/international-city-phase-1/2023
International City Phase 1 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/international-city-phase-1/2023

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 International City Phase 1 in 2023?
2,334 property sales worth ⃃ 1,263,484,210 were registered in International City Phase 1 in 2023. That is 37.1% higher than 2022.
What was the median property price in International City Phase 1 in 2023?
The median sale price was ⃃ 350,000 and the median price per square foot ⃃ 536 (1 Jan – 31 Dec 2023).
What share of 2023 sales in International City Phase 1 were off-plan or from developers?
Developer (primary) sales were 22% of the 2,334 sales and resales 78%. Off-plan units made up 19.8% and ready units 80.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/international-city-phase-1/2023