Project · Transactions · 2023

May Residence Property Transactions 2023

160 property sales worth AED 86.18M were registered in May Residence in 2023, 5233.3% higher than 2022 by number of sales. The median sale price was AED 532,436 and the median price per square foot AED 700 (+7.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 160 salesUpdated: 19 Oct 2026
Property sales
160
+5233.3% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 86.18M
+2349.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 532,436
+13.5% vs 2022
160 sales
Median price per sq ft
AED 700
+7.6% vs 2022
160 sales

What types of property sold in May Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments160100%AED 86.18MAED 532,436AED 700

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)12477.5%AED 71.94MAED 552,284AED 685
Resale (secondary)3622.5%AED 14.24MAED 375,000AED 822
Ready160100%AED 86.18MAED 532,436AED 700

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

224 rental contracts (new and renewed) were registered in May Residence in 2023, at a median annual rent of AED 38,200 (+9.1% on 2022). Rental yields in May Residence

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
25/12/2023May Residence Tower 51 bed · Apartment954 sq ftAED 2,000,000Primary · Ready
10/09/2023May Residence Tower 52 beds · Apartment1,737 sq ftAED 1,215,578Primary · Ready
13/09/2023May Residence Tower 41 bed · Apartment881 sq ftAED 866,000Primary · Ready
13/09/2023May Residence Tower 31 bed · Apartment819 sq ftAED 866,000Primary · Ready
25/12/2023May Residence Tower 11 bed · Apartment1,274 sq ftAED 850,000Primary · Ready
22/05/2023May Residence Tower 41 bed · Apartment721 sq ftAED 785,000Primary · Ready
04/09/2023May Residence Tower 51 bed · Apartment927 sq ftAED 760,000Primary · Ready
08/11/2023May Residence Tower 41 bed · Apartment881 sq ftAED 750,000Primary · Ready
18/10/2023May Residence Tower 51 bed · Apartment927 sq ftAED 735,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment898 sq ftAED 664,394Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023May Residence Tower 11 bed · Apartment922 sq ftAED 660,000Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment907 sq ftAED 645,000Primary · Ready
27/12/2023May Residence Tower 11 bed · Apartment758 sq ftAED 568,740Primary · Ready
27/12/2023May Residence Tower 41 bed · Apartment857 sq ftAED 599,650Primary · Ready
26/12/2023May Residence Tower 1Studio · Apartment397 sq ftAED 361,000Primary · Ready
26/12/2023May Residence Tower 1Studio · Apartment397 sq ftAED 335,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment868 sq ftAED 600,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment899 sq ftAED 650,000Primary · Ready
26/12/2023May Residence Tower 11 bed · Apartment898 sq ftAED 664,394Primary · Ready
25/12/2023May Residence Tower 51 bed · Apartment954 sq ftAED 2,000,000Primary · 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/2023
May Residence Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/may-residence/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 in 2023?
160 property sales worth AED 86,183,706 were registered in May Residence in 2023. That is 5233.3% higher than 2022.
What was the median property price in May Residence in 2023?
The median sale price was AED 532,436 and the median price per square foot AED 700 (1 Jan – 31 Dec 2023).
What share of 2023 sales in May Residence were off-plan or from developers?
Developer (primary) sales were 77.5% of the 160 sales and resales 22.5%. Primary/resale and off-plan/ready are different splits.

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