Area · Transactions · 2023

Nad Al Sheba First Property Transactions 2023

865 property sales worth ⃃ 4.9B were registered in Nad Al Sheba First in 2023, 38.8% higher than 2022 by number of sales. The median sale price was ⃃ 4,204,000 and the median price per square foot ⃃ 1,382 (+25.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 865 salesUpdated: 17 Oct 2026
Property sales
865
+38.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.9B
+73.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 4,204,000
+12.1% vs 2022
865 sales
Median price per sq ft
⃃ 1,382
+25.3% vs 2022
865 sales

What types of property sold in Nad Al Sheba First in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments28132.5%⃃ 382.79M⃃ 1,150,000⃃ 1,271
Villas26831%⃃ 2.2B⃃ 8,999,500⃃ 1,493
Commercial20.2%⃃ 3.48M⃃ 1,742,500⃃ 1,775

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)45752.8%⃃ 3.1B⃃ 4,677,000⃃ 1,534
Resale (secondary)40847.2%⃃ 1.8B⃃ 3,507,000⃃ 1,196
Off-plan35641.2%⃃ 2.1B⃃ 4,629,500⃃ 1,703
Ready50958.8%⃃ 2.8B⃃ 3,550,000⃃ 1,176

How many rental contracts were registered in Nad Al Sheba First in 2023?

1,808 rental contracts (new and renewed) were registered in Nad Al Sheba First in 2023, at a median annual rent of ⃃ 83,000 (+3.8% on 2022). Rental yields in Nad Al Sheba First

What were the most expensive property sales in Nad Al Sheba First in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
23/10/2023Meydan Avenue APlot50,673 sq ft⃃ 39,018,800Primary · Ready
25/10/2023Meydan Avenue APlot101,516 sq ft⃃ 36,505,800Primary · Ready
23/10/2023Meydan Avenue APlot50,844 sq ft⃃ 36,481,800Primary · Ready
29/03/2023Meydan RacecoursePlot40,949 sq ft⃃ 32,759,312Resale · Ready
19/12/2023Meydan Avenue CPlot28,757 sq ft⃃ 32,353,800Primary · Ready
20/12/2023Meydan Avenue CPlot28,436 sq ft⃃ 31,991,800Primary · Ready
25/12/2023Meydan Avenue CPlot26,829 sq ft⃃ 30,184,800Primary · Ready
28/09/2023Meydan RacecoursePlot30,000 sq ft⃃ 30,000,000Resale · Ready
02/11/2023Nad Al Sheba Gardens Phase 1Plot30,031 sq ft⃃ 30,000,000Resale · Ready
27/11/2023The 100Plot59,999 sq ft⃃ 27,000,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Azizi Greenfield2 beds · Apartment927 sq ft⃃ 1,258,560Primary · Off-plan
28/12/2023Nad Al Sheba Gardens Phase 25 beds · Villa7,613 sq ft⃃ 12,000,000Resale · Off-plan
27/12/2023Nad Al Sheba Gardens Phase 1Villa5,003 sq ft⃃ 7,550,000Resale · Ready
27/12/2023Grand Views4 beds · Townhouse2,347 sq ft⃃ 4,600,000Resale · Ready
27/12/2023The Polo Residence - D43 beds · Apartment2,802 sq ft⃃ 3,500,000Resale · Ready
26/12/2023The Galleries2 beds · Apartment1,455 sq ft⃃ 3,800,000Resale · Ready
25/12/2023Nad Al Sheba Gardens Phase 1Villa5,346 sq ft⃃ 2,060,000Resale · Ready
25/12/2023Grand Views4 beds · Townhouse2,347 sq ft⃃ 4,200,000Resale · Ready
25/12/2023Nad Al Sheba Gardens Phase 1Villa5,346 sq ft⃃ 1,565,600Resale · Ready
25/12/2023Nad Al Sheba Gardens Phase 1Villa5,003 sq ft⃃ 1,387,500Resale · 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/nad-al-sheba-first/2023
Nad Al Sheba First Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/nad-al-sheba-first/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 Nad Al Sheba First in 2023?
865 property sales worth ⃃ 4,883,887,789 were registered in Nad Al Sheba First in 2023. That is 38.8% higher than 2022.
What was the median property price in Nad Al Sheba First in 2023?
The median sale price was ⃃ 4,204,000 and the median price per square foot ⃃ 1,382 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Nad Al Sheba First were off-plan or from developers?
Developer (primary) sales were 52.8% of the 865 sales and resales 47.2%. Off-plan units made up 41.2% and ready units 58.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/nad-al-sheba-first/2023