Building · Transactions · 2023

MAG 540 Property Transactions 2023

9 property sales worth AED 4M were registered in MAG 540 in 2023, 35.7% lower than 2022 by number of sales. The median sale price was AED 440,000 and the median price per square foot AED 674 (+14.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 9 salesUpdated: 19 Oct 2026
Property sales
9
−35.7% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 4M
−39.0% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 440,000
+3.8% vs 2022
9 sales
Median price per sq ft
AED 674
+14.9% vs 2022
9 sales

What types of property sold in MAG 540 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments9100%AED 4MAED 440,000AED 674

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)111.1%AED 453KAED 453,358AED 707
Resale (secondary)888.9%AED 3.54MAED 425,000AED 657
Ready9100%AED 4MAED 440,000AED 674

How many rental contracts were registered in MAG 540 in 2023?

62 rental contracts (new and renewed) were registered in MAG 540 in 2023, at a median annual rent of AED 38,000 (+8.6% on 2022). Rental yields in MAG 540

What were the most expensive property sales in MAG 540 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
24/10/2023MAG 5402 beds · Apartment1,039 sq ftAED 700,000Resale · Ready
19/09/2023MAG 5402 beds · Apartment963 sq ftAED 670,000Resale · Ready
04/01/2023MAG 5401 bed · Apartment641 sq ftAED 453,358Primary · Ready
01/12/2023MAG 5401 bed · Apartment638 sq ftAED 450,000Resale · Ready
17/08/2023MAG 5401 bed · Apartment636 sq ftAED 440,000Resale · Ready
01/03/2023MAG 5401 bed · Apartment640 sq ftAED 410,000Resale · Ready
18/04/2023MAG 540Studio · Apartment476 sq ftAED 302,000Resale · Ready
09/06/2023MAG 540Studio · Apartment476 sq ftAED 300,000Resale · Ready
13/03/2023MAG 540Studio · Apartment476 sq ftAED 270,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
01/12/2023MAG 5401 bed · Apartment638 sq ftAED 450,000Resale · Ready
24/10/2023MAG 5402 beds · Apartment1,039 sq ftAED 700,000Resale · Ready
19/09/2023MAG 5402 beds · Apartment963 sq ftAED 670,000Resale · Ready
17/08/2023MAG 5401 bed · Apartment636 sq ftAED 440,000Resale · Ready
09/06/2023MAG 540Studio · Apartment476 sq ftAED 300,000Resale · Ready
18/04/2023MAG 540Studio · Apartment476 sq ftAED 302,000Resale · Ready
13/03/2023MAG 540Studio · Apartment476 sq ftAED 270,000Resale · Ready
01/03/2023MAG 5401 bed · Apartment640 sq ftAED 410,000Resale · Ready
04/01/2023MAG 5401 bed · Apartment641 sq ftAED 453,358Primary · 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-540/2023
MAG 540 Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mag-540/2023

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 540 in 2023?
9 property sales worth AED 3,995,358 were registered in MAG 540 in 2023. That is 35.7% lower than 2022.
What was the median property price in MAG 540 in 2023?
The median sale price was AED 440,000 and the median price per square foot AED 674 (1 Jan – 31 Dec 2023).
What share of 2023 sales in MAG 540 were off-plan or from developers?
Developer (primary) sales were 11.1% of the 9 sales and resales 88.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/mag-540/2023