Project · Transactions · 2023

Majestine Property Transactions 2023

69 property sales worth ⃃ 90.42M were registered in Majestine in 2023, 23.2% higher than 2022 by number of sales. The median sale price was ⃃ 1,300,000 and the median price per square foot ⃃ 1,723 (+26.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 69 salesUpdated: 18 Oct 2026
Property sales
69
+23.2% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 90.42M
+75.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,300,000
+84.4% vs 2022
69 sales
Median price per sq ft
⃃ 1,723
+26.2% vs 2022
69 sales

What types of property sold in Majestine in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments69100%⃃ 90.42M⃃ 1,300,000⃃ 1,723

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)3246.4%⃃ 53.21M⃃ 1,648,120⃃ 1,829
Resale (secondary)3753.6%⃃ 37.21M⃃ 800,000⃃ 1,524
Ready69100%⃃ 90.42M⃃ 1,300,000⃃ 1,723

How many rental contracts were registered in Majestine in 2023?

354 rental contracts (new and renewed) were registered in Majestine in 2023, at a median annual rent of ⃃ 65,000 (+8.3% on 2022). Rental yields in Majestine

What were the most expensive property sales in Majestine in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
14/08/2023Majestine2 beds · Apartment1,608 sq ft⃃ 2,959,000Primary · Ready
10/04/2023Majestine2 beds · Apartment1,608 sq ft⃃ 2,864,640Primary · Ready
14/09/2023Majestine1 bed · Apartment1,360 sq ft⃃ 2,164,000Primary · Ready
03/03/2023Majestine2 beds · Apartment1,242 sq ft⃃ 2,150,000Resale · Ready
27/09/2023Majestine2 beds · Apartment1,491 sq ft⃃ 2,100,000Resale · Ready
19/07/2023Majestine1 bed · Apartment853 sq ft⃃ 2,100,000Resale · Ready
17/01/2023Majestine1 bed · Apartment1,034 sq ft⃃ 1,966,000Primary · Ready
19/07/2023Majestine1 bed · Apartment1,034 sq ft⃃ 1,912,960Primary · Ready
10/07/2023Majestine1 bed · Apartment1,034 sq ft⃃ 1,880,050Primary · Ready
09/03/2023Majestine1 bed · Apartment956 sq ft⃃ 1,810,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Majestine1 bed · Apartment894 sq ft⃃ 1,300,000Resale · Ready
26/12/2023MajestineStudio · Apartment481 sq ft⃃ 840,000Resale · Ready
22/12/2023Majestine1 bed · Apartment892 sq ft⃃ 1,360,000Resale · Ready
20/12/2023MajestineStudio · Apartment472 sq ft⃃ 820,000Resale · Ready
27/11/2023MajestineStudio · Apartment459 sq ft⃃ 765,000Resale · Ready
23/11/2023MajestineStudio · Apartment481 sq ft⃃ 830,000Resale · Ready
06/11/2023Majestine1 bed · Apartment890 sq ft⃃ 1,633,000Primary · Ready
25/10/2023MajestineStudio · Apartment617 sq ft⃃ 970,000Resale · Ready
20/10/2023MajestineStudio · Apartment461 sq ft⃃ 643,000Resale · Ready
09/10/2023MajestineStudio · Apartment499 sq ft⃃ 934,920Resale · 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/majestine/2023
Majestine Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/majestine/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 Majestine in 2023?
69 property sales worth ⃃ 90,419,910 were registered in Majestine in 2023. That is 23.2% higher than 2022.
What was the median property price in Majestine in 2023?
The median sale price was ⃃ 1,300,000 and the median price per square foot ⃃ 1,723 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Majestine were off-plan or from developers?
Developer (primary) sales were 46.4% of the 69 sales and resales 53.6%. Primary/resale and off-plan/ready are different splits.

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