Building · Transactions · 2023

Med 53 Property Transactions 2023

13 property sales worth ⃃ 6.52M were registered in Med 53 in 2023, 160.0% higher than 2022 by number of sales. The median sale price was ⃃ 500,000 and the median price per square foot ⃃ 536 (+5.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 13 salesUpdated: 18 Oct 2026
Property sales
13
+160.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 6.52M
+221.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 500,000
+3.1% vs 2022
13 sales
Median price per sq ft
⃃ 536
+5.8% vs 2022
13 sales

What types of property sold in Med 53 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments13100%⃃ 6.52M⃃ 500,000⃃ 536

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
Resale (secondary)13100%⃃ 6.52M⃃ 500,000⃃ 536
Ready13100%⃃ 6.52M⃃ 500,000⃃ 536

How many rental contracts were registered in Med 53 in 2023?

47 rental contracts (new and renewed) were registered in Med 53 in 2023, at a median annual rent of ⃃ 42,000 (+20.0% on 2022). Rental yields in Med 53

What were the most expensive property sales in Med 53 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/12/2023Med 531 bed · Apartment969 sq ft⃃ 585,000Resale · Ready
14/06/2023Med 531 bed · Apartment969 sq ft⃃ 556,000Resale · Ready
23/06/2023Med 531 bed · Apartment958 sq ft⃃ 550,000Resale · Ready
04/08/2023Med 531 bed · Apartment958 sq ft⃃ 540,000Resale · Ready
31/07/2023Med 531 bed · Apartment980 sq ft⃃ 525,000Resale · Ready
04/07/2023Med 531 bed · Apartment969 sq ft⃃ 520,000Resale · Ready
23/02/2023Med 531 bed · Apartment1,001 sq ft⃃ 500,000Resale · Ready
05/07/2023Med 531 bed · Apartment1,001 sq ft⃃ 499,000Resale · Ready
28/09/2023Med 531 bed · Apartment980 sq ft⃃ 488,000Resale · Ready
12/04/2023Med 531 bed · Apartment969 sq ft⃃ 470,000Resale · Ready

What were the last registered sales of 2023?

No transactions on record for this selection.

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/med-53/2023
Med 53 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/med-53/2023

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 Med 53 in 2023?
13 property sales worth ⃃ 6,520,500 were registered in Med 53 in 2023. That is 160.0% higher than 2022.
What was the median property price in Med 53 in 2023?
The median sale price was ⃃ 500,000 and the median price per square foot ⃃ 536 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/med-53/2023