Project · Transactions · 2023

MAG 318 Property Transactions 2023

41 property sales worth ⃃ 39.9M were registered in MAG 318 in 2023, unchanged from 2022 by number of sales. The median sale price was ⃃ 950,000 and the median price per square foot ⃃ 2,166 (+13.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 41 salesUpdated: 17 Oct 2026
Property sales
41
0.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 39.9M
−2.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 950,000
+8.6% vs 2022
41 sales
Median price per sq ft
⃃ 2,166
+13.6% vs 2022
41 sales

What types of property sold in MAG 318 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments41100%⃃ 39.9M⃃ 950,000⃃ 2,166

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
Resale (secondary)41100%⃃ 39.9M⃃ 950,000⃃ 2,166
Ready41100%⃃ 39.9M⃃ 950,000⃃ 2,166

How many rental contracts were registered in MAG 318 in 2023?

291 rental contracts (new and renewed) were registered in MAG 318 in 2023, at a median annual rent of ⃃ 75,000 (+7.1% on 2022). Rental yields in MAG 318

What were the most expensive property sales in MAG 318 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/07/2023MAG 3181 bed · Apartment890 sq ft⃃ 1,460,000Resale · Ready
28/02/2023MAG 3181 bed · Apartment819 sq ft⃃ 1,450,000Resale · Ready
31/10/2023MAG 318Studio · Apartment433 sq ft⃃ 1,020,000Resale · Ready
08/12/2023MAG 318Studio · Apartment446 sq ft⃃ 1,000,000Resale · Ready
25/08/2023MAG 318Studio · Apartment441 sq ft⃃ 1,000,000Resale · Ready
29/05/2023MAG 318Studio · Apartment441 sq ft⃃ 1,000,000Resale · Ready
06/07/2023MAG 318Studio · Apartment436 sq ft⃃ 1,000,000Resale · Ready
05/07/2023MAG 318Studio · Apartment441 sq ft⃃ 1,000,000Resale · Ready
13/11/2023MAG 318Studio · Apartment433 sq ft⃃ 1,000,000Resale · Ready
16/11/2023MAG 318Studio · Apartment433 sq ft⃃ 990,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
11/12/2023MAG 318Studio · Apartment432 sq ft⃃ 980,000Resale · Ready
08/12/2023MAG 318Studio · Apartment446 sq ft⃃ 1,000,000Resale · Ready
06/12/2023MAG 318Studio · Apartment433 sq ft⃃ 945,000Resale · Ready
06/12/2023MAG 318Studio · Apartment441 sq ft⃃ 920,000Resale · Ready
16/11/2023MAG 318Studio · Apartment433 sq ft⃃ 990,000Resale · Ready
13/11/2023MAG 318Studio · Apartment433 sq ft⃃ 1,000,000Resale · Ready
31/10/2023MAG 318Studio · Apartment433 sq ft⃃ 1,020,000Resale · Ready
30/10/2023MAG 318Studio · Apartment440 sq ft⃃ 980,000Resale · Ready
18/10/2023MAG 318Studio · Apartment438 sq ft⃃ 950,000Resale · Ready
28/09/2023MAG 318Studio · Apartment433 sq ft⃃ 970,000Resale · 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-318/2023
MAG 318 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mag-318/2023

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 318 in 2023?
41 property sales worth ⃃ 39,898,000 were registered in MAG 318 in 2023. That is unchanged from 2022.
What was the median property price in MAG 318 in 2023?
The median sale price was ⃃ 950,000 and the median price per square foot ⃃ 2,166 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/mag-318/2023