Project · Transactions · 2023

MAG 214 Property Transactions 2023

49 property sales worth ⃃ 60.15M were registered in MAG 214 in 2023, 145.0% higher than 2022 by number of sales. The median sale price was ⃃ 1,250,000 and the median price per square foot ⃃ 965 (+4.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 49 salesUpdated: 18 Oct 2026
Property sales
49
+145.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 60.15M
+182.9% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,250,000
+11.9% vs 2022
49 sales
Median price per sq ft
⃃ 965
+4.2% vs 2022
49 sales

What types of property sold in MAG 214 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4898%⃃ 58.5M⃃ 1,250,000⃃ 964
Commercial12%⃃ 1.65M⃃ 1,650,000⃃ 1,538

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)24.1%⃃ 1.67M⃃ 833,865⃃ 732
Resale (secondary)4795.9%⃃ 58.48M⃃ 1,250,000⃃ 966
Ready49100%⃃ 60.15M⃃ 1,250,000⃃ 965

How many rental contracts were registered in MAG 214 in 2023?

208 rental contracts (new and renewed) were registered in MAG 214 in 2023, at a median annual rent of ⃃ 78,500 (+20.8% on 2022). Rental yields in MAG 214

What were the most expensive property sales in MAG 214 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
27/12/2023MAG 2143 beds · Apartment2,397 sq ft⃃ 2,175,000Resale · Ready
21/12/2023MAG 2143 beds · Apartment2,397 sq ft⃃ 2,075,000Resale · Ready
21/08/2023MAG 2143 beds · Apartment2,397 sq ft⃃ 2,050,000Resale · Ready
06/11/2023MAG 2142 beds · Apartment1,593 sq ft⃃ 1,750,000Resale · Ready
12/04/2023MAG 214Commercial1,073 sq ft⃃ 1,650,000Resale · Ready
04/05/2023MAG 2142 beds · Apartment1,593 sq ft⃃ 1,550,000Resale · Ready
16/11/2023MAG 2142 beds · Apartment1,557 sq ft⃃ 1,525,000Resale · Ready
05/09/2023MAG 2142 beds · Apartment1,557 sq ft⃃ 1,500,000Resale · Ready
04/08/2023MAG 2142 beds · Apartment1,557 sq ft⃃ 1,500,000Resale · Ready
22/06/2023MAG 2142 beds · Apartment1,954 sq ft⃃ 1,475,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023MAG 2143 beds · Apartment2,397 sq ft⃃ 2,175,000Resale · Ready
21/12/2023MAG 2143 beds · Apartment2,397 sq ft⃃ 2,075,000Resale · Ready
21/12/2023MAG 2142 beds · Apartment1,320 sq ft⃃ 1,300,000Resale · Ready
14/12/2023MAG 2142 beds · Apartment1,320 sq ft⃃ 1,330,000Resale · Ready
11/12/2023MAG 2141 bed · Apartment716 sq ft⃃ 1,050,000Resale · Ready
07/12/2023MAG 2141 bed · Apartment715 sq ft⃃ 850,000Resale · Ready
05/12/2023MAG 2142 beds · Apartment1,321 sq ft⃃ 1,250,000Resale · Ready
05/12/2023MAG 2142 beds · Apartment1,320 sq ft⃃ 1,250,000Resale · Ready
27/11/2023MAG 2142 beds · Apartment1,320 sq ft⃃ 1,250,000Resale · Ready
27/11/2023MAG 2142 beds · Apartment1,320 sq ft⃃ 1,250,000Resale · 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/mag-214/2023
MAG 214 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mag-214/2023

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 MAG 214 in 2023?
49 property sales worth ⃃ 60,152,730 were registered in MAG 214 in 2023. That is 145.0% higher than 2022.
What was the median property price in MAG 214 in 2023?
The median sale price was ⃃ 1,250,000 and the median price per square foot ⃃ 965 (1 Jan – 31 Dec 2023).
What share of 2023 sales in MAG 214 were off-plan or from developers?
Developer (primary) sales were 4.1% of the 49 sales and resales 95.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/mag-214/2023