Project · Transactions · 2023

Majestique Residence 1 Property Transactions 2023

29 property sales worth ⃃ 18.72M were registered in Majestique Residence 1 in 2023, 866.7% higher than 2022 by number of sales. The median sale price was ⃃ 477,500 and the median price per square foot ⃃ 1,146 (+10.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 29 salesUpdated: 18 Oct 2026
Property sales
29
+866.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 18.72M
+883.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 477,500
−7.3% vs 2022
29 sales
Median price per sq ft
⃃ 1,146
+10.8% vs 2022
29 sales

What types of property sold in Majestique Residence 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments29100%⃃ 18.72M⃃ 477,500⃃ 1,146

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)29100%⃃ 18.72M⃃ 477,500⃃ 1,146
Ready29100%⃃ 18.72M⃃ 477,500⃃ 1,146

How many rental contracts were registered in Majestique Residence 1 in 2023?

34 rental contracts (new and renewed) were registered in Majestique Residence 1 in 2023, at a median annual rent of ⃃ 32,500 (−37.5% on 2022). Rental yields in Majestique Residence 1

What were the most expensive property sales in Majestique Residence 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
13/02/2023Majestique Residence 12 beds · Apartment989 sq ft⃃ 1,024,048Primary · Ready
28/08/2023Majestique Residence 12 beds · Apartment1,004 sq ft⃃ 1,023,000Primary · Ready
01/11/2023Majestique Residence 12 beds · Apartment993 sq ft⃃ 1,017,000Primary · Ready
09/08/2023Majestique Residence 12 beds · Apartment995 sq ft⃃ 1,010,000Primary · Ready
31/10/2023Majestique Residence 12 beds · Apartment998 sq ft⃃ 975,000Primary · Ready
18/07/2023Majestique Residence 12 beds · Apartment940 sq ft⃃ 960,000Primary · Ready
14/03/2023Majestique Residence 11 bed · Apartment788 sq ft⃃ 910,000Primary · Ready
12/07/2023Majestique Residence 12 beds · Apartment883 sq ft⃃ 877,800Primary · Ready
30/08/2023Majestique Residence 11 bed · Apartment710 sq ft⃃ 790,575Primary · Ready
03/01/2023Majestique Residence 11 bed · Apartment710 sq ft⃃ 760,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
18/12/2023Majestique Residence 1Studio · Apartment377 sq ft⃃ 477,500Primary · Ready
18/12/2023Majestique Residence 11 bed · Apartment687 sq ft⃃ 737,500Primary · Ready
15/12/2023Majestique Residence 1Studio · Apartment498 sq ft⃃ 588,154Primary · Ready
30/11/2023Majestique Residence 11 bed · Apartment687 sq ft⃃ 742,615Primary · Ready
27/11/2023Majestique Residence 1Studio · Apartment396 sq ft⃃ 460,000Primary · Ready
27/11/2023Majestique Residence 1Studio · Apartment397 sq ft⃃ 459,083Primary · Ready
08/11/2023Majestique Residence 1Studio · Apartment396 sq ft⃃ 477,245Primary · Ready
01/11/2023Majestique Residence 12 beds · Apartment993 sq ft⃃ 1,017,000Primary · Ready
31/10/2023Majestique Residence 12 beds · Apartment998 sq ft⃃ 975,000Primary · Ready
30/08/2023Majestique Residence 11 bed · Apartment710 sq ft⃃ 790,575Primary · 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/majestique-residence-1/2023
Majestique Residence 1 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/majestique-residence-1/2023

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 Majestique Residence 1 in 2023?
29 property sales worth ⃃ 18,717,649 were registered in Majestique Residence 1 in 2023. That is 866.7% higher than 2022.
What was the median property price in Majestique Residence 1 in 2023?
The median sale price was ⃃ 477,500 and the median price per square foot ⃃ 1,146 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/majestique-residence-1/2023