Project · Transactions · 2023

Mediterranean Cluster Property Transactions 2023

372 property sales worth ⃃ 164.9M were registered in Mediterranean Cluster in 2023, 17.7% higher than 2022 by number of sales. The median sale price was ⃃ 420,000 and the median price per square foot ⃃ 635 (+21.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 372 salesUpdated: 18 Oct 2026
Property sales
372
+17.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 164.9M
+42.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 420,000
+20.0% vs 2022
372 sales
Median price per sq ft
⃃ 635
+21.3% vs 2022
372 sales

What types of property sold in Mediterranean Cluster in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments372100%⃃ 164.9M⃃ 420,000⃃ 635

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)10.3%⃃ 615K⃃ 615,000⃃ 628
Resale (secondary)37199.7%⃃ 164.28M⃃ 420,000⃃ 636
Ready372100%⃃ 164.9M⃃ 420,000⃃ 635

How many rental contracts were registered in Mediterranean Cluster in 2023?

2,848 rental contracts (new and renewed) were registered in Mediterranean Cluster in 2023, at a median annual rent of ⃃ 39,000 (+18.2% on 2022). Rental yields in Mediterranean Cluster

What were the most expensive property sales in Mediterranean Cluster in 2023?

The ten highest registered sale prices in the year.

No transactions on record for this selection.

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Med 1001 bed · Apartment958 sq ft⃃ 630,000Resale · Ready
28/12/2023Med 38Studio · Apartment484 sq ft⃃ 400,000Resale · Ready
28/12/2023Med 791 bed · Apartment883 sq ft⃃ 620,000Resale · Ready
27/12/2023Med 99Studio · Apartment495 sq ft⃃ 420,000Resale · Ready
26/12/2023Med 47Studio · Apartment495 sq ft⃃ 420,000Resale · Ready
25/12/2023Med 1051 bed · Apartment1,001 sq ft⃃ 635,000Resale · Ready
21/12/2023Med 106Studio · Apartment495 sq ft⃃ 410,000Resale · Ready
21/12/2023Med 651 bed · Apartment980 sq ft⃃ 650,000Resale · Ready
20/12/2023Med 94Studio · Apartment484 sq ft⃃ 415,000Resale · Ready
19/12/2023Med 103Studio · Apartment484 sq ft⃃ 333,000Resale · 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/mediterranean-cluster/2023
Mediterranean Cluster Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mediterranean-cluster/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 Mediterranean Cluster in 2023?
372 property sales worth ⃃ 164,898,951 were registered in Mediterranean Cluster in 2023. That is 17.7% higher than 2022.
What was the median property price in Mediterranean Cluster in 2023?
The median sale price was ⃃ 420,000 and the median price per square foot ⃃ 635 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Mediterranean Cluster were off-plan or from developers?
Developer (primary) sales were 0.3% of the 372 sales and resales 99.7%. Primary/resale and off-plan/ready are different splits.

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