Project · Transactions · 2023

MAG 5 Boulevard Property Transactions 2023

128 property sales worth ⃃ 55.88M were registered in MAG 5 Boulevard in 2023, 14.3% higher than 2022 by number of sales. The median sale price was ⃃ 400,000 and the median price per square foot ⃃ 738 (+6.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 128 salesUpdated: 18 Oct 2026
Property sales
128
+14.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 55.88M
+17.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 400,000
+2.3% vs 2022
128 sales
Median price per sq ft
⃃ 738
+6.2% vs 2022
128 sales

What types of property sold in MAG 5 Boulevard in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments128100%⃃ 55.88M⃃ 400,000⃃ 738

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)1511.7%⃃ 8.29M⃃ 479,300⃃ 714
Resale (secondary)11388.3%⃃ 47.59M⃃ 380,000⃃ 753
Ready128100%⃃ 55.88M⃃ 400,000⃃ 738

How many rental contracts were registered in MAG 5 Boulevard in 2023?

948 rental contracts (new and renewed) were registered in MAG 5 Boulevard in 2023, at a median annual rent of ⃃ 30,000 (+15.4% on 2022). Rental yields in MAG 5 Boulevard

What were the most expensive property sales in MAG 5 Boulevard in 2023?

The ten highest registered sale prices in the year.

No transactions on record for this selection.

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023MAG 560Studio · Apartment437 sq ft⃃ 380,000Resale · Ready
25/12/2023MAG 5251 bed · Apartment663 sq ft⃃ 440,000Resale · Ready
22/12/2023MAG 555Studio · Apartment347 sq ft⃃ 390,000Resale · Ready
20/12/2023MAG 5201 bed · Apartment638 sq ft⃃ 460,000Resale · Ready
20/12/2023MAG 535Studio · Apartment473 sq ft⃃ 330,000Resale · Ready
15/12/2023MAG 5051 bed · Apartment622 sq ft⃃ 485,000Resale · Ready
13/12/2023MAG 560Studio · Apartment347 sq ft⃃ 315,000Resale · Ready
13/12/2023MAG 560Studio · Apartment360 sq ft⃃ 325,000Resale · Ready
06/12/2023MAG 5101 bed · Apartment514 sq ft⃃ 450,000Resale · Ready
06/12/2023MAG 560Studio · Apartment360 sq ft⃃ 325,000Resale · 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-5-boulevard/2023
MAG 5 Boulevard Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mag-5-boulevard/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 5 Boulevard in 2023?
128 property sales worth ⃃ 55,878,504 were registered in MAG 5 Boulevard in 2023. That is 14.3% higher than 2022.
What was the median property price in MAG 5 Boulevard in 2023?
The median sale price was ⃃ 400,000 and the median price per square foot ⃃ 738 (1 Jan – 31 Dec 2023).
What share of 2023 sales in MAG 5 Boulevard were off-plan or from developers?
Developer (primary) sales were 11.7% of the 128 sales and resales 88.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/mag-5-boulevard/2023