Master Project · Transactions · 2023

Madinat Jumeirah Living (MJL) Property Transactions 2023

926 property sales worth AED 2.9B were registered in Madinat Jumeirah Living (MJL) in 2023, 7.9% lower than 2022 by number of sales. The median sale price was AED 2,576,500 and the median price per square foot AED 2,377 (+13.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 926 salesUpdated: 20 Oct 2026
Property sales
926
−7.9% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 2.9B
+17.0% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 2,576,500
+20.9% vs 2022
926 sales
Median price per sq ft
AED 2,377
+13.5% vs 2022
926 sales

What types of property sold in Madinat Jumeirah Living (MJL) in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments926100%AED 2.9BAED 2,576,500AED 2,377

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)63969%AED 2.2BAED 2,641,000AED 2,373
Resale (secondary)28731%AED 723.42MAED 2,160,000AED 2,384
Off-plan9410.2%AED 295.82MAED 2,595,500AED 2,463
Ready83289.8%AED 2.6BAED 2,571,000AED 2,368

How many rental contracts were registered in Madinat Jumeirah Living (MJL) in 2023?

195 rental contracts (new and renewed) were registered in Madinat Jumeirah Living (MJL) in 2023, at a median annual rent of AED 160,000 (+8.4% on 2022). Rental yields in Madinat Jumeirah Living (MJL)

What were the most expensive property sales in Madinat Jumeirah Living (MJL) in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
14/12/2023Lamtara 14 beds · Apartment3,832 sq ftAED 17,950,000Primary · Ready
25/09/2023Lamtara 13 beds · Apartment2,473 sq ftAED 14,751,000Primary · Ready
17/12/2023Lamtara 13 beds · Apartment1,844 sq ftAED 12,250,000Primary · Ready
17/03/2023Jadeel 34 beds · Apartment3,386 sq ftAED 12,135,000Primary · Ready
30/10/2023Jadeel 34 beds · Apartment2,678 sq ftAED 11,920,000Primary · Ready
28/11/2023Jomana 14 beds · Apartment3,353 sq ftAED 11,058,000Primary · Ready
19/12/2023Elara 34 beds · Apartment4,441 sq ftAED 10,999,000Primary · Ready
23/10/2023Jadeel 24 beds · Apartment2,656 sq ftAED 10,905,000Primary · Ready
12/06/2023Jomana 64 beds · Apartment3,418 sq ftAED 10,878,000Primary · Ready
15/06/2023Jomana 34 beds · Apartment3,418 sq ftAED 10,878,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Jadeel 21 bed · Apartment759 sq ftAED 1,700,000Resale · Ready
28/12/2023Asayel 21 bed · Apartment978 sq ftAED 2,225,000Resale · Ready
28/12/2023Rahaal 12 beds · Apartment1,997 sq ftAED 3,550,000Resale · Ready
27/12/2023Jadeel 31 bed · Apartment759 sq ftAED 1,740,000Resale · Ready
27/12/2023Rahaal 21 bed · Apartment806 sq ftAED 2,250,000Resale · Ready
26/12/2023Al Jazi 31 bed · Apartment740 sq ftAED 1,735,000Resale · Off-plan
22/12/2023Lamtara 21 bed · Apartment772 sq ftAED 2,500,000Resale · Ready
21/12/2023Asayel 32 beds · Apartment1,186 sq ftAED 3,375,000Resale · Ready
19/12/2023Elara 21 bed · Apartment852 sq ftAED 2,827,000Primary · Ready
19/12/2023Elara 22 beds · Apartment1,574 sq ftAED 3,604,000Primary · 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/madinat-jumeirah-living-mjl/2023
Madinat Jumeirah Living (MJL) Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/madinat-jumeirah-living-mjl/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 Madinat Jumeirah Living (MJL) in 2023?
926 property sales worth AED 2,931,666,087 were registered in Madinat Jumeirah Living (MJL) in 2023. That is 7.9% lower than 2022.
What was the median property price in Madinat Jumeirah Living (MJL) in 2023?
The median sale price was AED 2,576,500 and the median price per square foot AED 2,377 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Madinat Jumeirah Living (MJL) were off-plan or from developers?
Developer (primary) sales were 69% of the 926 sales and resales 31%. Off-plan units made up 10.2% and ready units 89.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/madinat-jumeirah-living-mjl/2023