Building · Transactions · 2023

May Residence Tower 1 Property Transactions 2023

12 property sales worth ⃃ 6.97M were registered in May Residence Tower 1 in 2023, 1100.0% higher than 2022 by number of sales. The median sale price was ⃃ 626,227 and the median price per square foot ⃃ 719 (−86.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 12 salesUpdated: 18 Oct 2026
Property sales
12
+1100.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 6.97M
+149.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 626,227
−77.6% vs 2022
12 sales
Median price per sq ft
⃃ 719
−86.5% vs 2022
12 sales

What types of property sold in May Residence Tower 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments12100%⃃ 6.97M⃃ 626,227⃃ 719

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)12100%⃃ 6.97M⃃ 626,227⃃ 719
Ready12100%⃃ 6.97M⃃ 626,227⃃ 719

How many rental contracts were registered in May Residence Tower 1 in 2023?

51 rental contracts (new and renewed) were registered in May Residence Tower 1 in 2023, at a median annual rent of ⃃ 42,113 (+0.3% on 2022). Rental yields in May Residence Tower 1

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
25/12/2023May Residence Tower 11 bed · Apartment1,274 sq ft⃃ 850,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment898 sq ft⃃ 664,394Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment922 sq ft⃃ 660,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment899 sq ft⃃ 650,000Primary · Ready
25/12/2023May Residence Tower 11 bed · Apartment922 sq ft⃃ 645,200Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment907 sq ft⃃ 645,000Primary · Ready
25/12/2023May Residence Tower 11 bed · Apartment868 sq ft⃃ 607,453Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment868 sq ft⃃ 600,000Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment758 sq ft⃃ 568,740Primary · Ready
25/12/2023May Residence Tower 1Studio · Apartment495 sq ft⃃ 388,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023May Residence Tower 11 bed · Apartment922 sq ft⃃ 660,000Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment907 sq ft⃃ 645,000Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment758 sq ft⃃ 568,740Primary · Ready
26/12/2023May Residence Tower 1Studio · Apartment397 sq ft⃃ 361,000Primary · Ready
26/12/2023May Residence Tower 1Studio · Apartment397 sq ft⃃ 335,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment868 sq ft⃃ 600,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment899 sq ft⃃ 650,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment898 sq ft⃃ 664,394Primary · Ready
25/12/2023May Residence Tower 1Studio · Apartment495 sq ft⃃ 388,000Primary · Ready
25/12/2023May Residence Tower 11 bed · Apartment922 sq ft⃃ 645,200Primary · 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/may-residence-tower-1/2023
May Residence Tower 1 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/may-residence-tower-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 May Residence Tower 1 in 2023?
12 property sales worth ⃃ 6,974,787 were registered in May Residence Tower 1 in 2023. That is 1100.0% higher than 2022.
What was the median property price in May Residence Tower 1 in 2023?
The median sale price was ⃃ 626,227 and the median price per square foot ⃃ 719 (1 Jan – 31 Dec 2023).

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