Project · Transactions · 2023

New Dubai Gate 1 Property Transactions 2023

55 property sales worth ⃃ 39.03M were registered in New Dubai Gate 1 in 2023, 83.3% higher than 2022 by number of sales. The median sale price was ⃃ 620,000 and the median price per square foot ⃃ 1,058 (+18.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 55 salesUpdated: 19 Oct 2026
Property sales
55
+83.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 39.03M
+127.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 620,000
+21.5% vs 2022
55 sales
Median price per sq ft
⃃ 1,058
+18.2% vs 2022
55 sales

What types of property sold in New Dubai Gate 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5396.4%⃃ 37.6M⃃ 620,000⃃ 1,056
Commercial23.6%⃃ 1.43M⃃ 715,000⃃ 1,884

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)55100%⃃ 39.03M⃃ 620,000⃃ 1,058
Ready55100%⃃ 39.03M⃃ 620,000⃃ 1,058

How many rental contracts were registered in New Dubai Gate 1 in 2023?

398 rental contracts (new and renewed) were registered in New Dubai Gate 1 in 2023, at a median annual rent of ⃃ 52,800 (+17.3% on 2022). Rental yields in New Dubai Gate 1

What were the most expensive property sales in New Dubai Gate 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
05/01/2023New Dubai Gate 14 beds · Apartment5,138 sq ft⃃ 3,050,000Resale · Ready
09/09/2023New Dubai Gate 1Commercial586 sq ft⃃ 1,150,000Resale · Ready
25/07/2023New Dubai Gate 11 bed · Apartment771 sq ft⃃ 1,011,000Resale · Ready
16/08/2023New Dubai Gate 12 beds · Apartment1,228 sq ft⃃ 1,000,000Resale · Ready
09/08/2023New Dubai Gate 11 bed · Apartment1,159 sq ft⃃ 990,000Resale · Ready
07/11/2023New Dubai Gate 11 bed · Apartment1,159 sq ft⃃ 980,000Resale · Ready
13/12/2023New Dubai Gate 11 bed · Apartment773 sq ft⃃ 975,000Resale · Ready
07/08/2023New Dubai Gate 12 beds · Apartment1,228 sq ft⃃ 966,708Resale · Ready
09/05/2023New Dubai Gate 13 beds · Apartment1,228 sq ft⃃ 950,000Resale · Ready
10/10/2023New Dubai Gate 12 beds · Apartment1,228 sq ft⃃ 950,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
25/12/2023New Dubai Gate 11 bed · Apartment445 sq ft⃃ 620,000Resale · Ready
22/12/2023New Dubai Gate 11 bed · Apartment450 sq ft⃃ 680,000Resale · Ready
21/12/2023New Dubai Gate 11 bed · Apartment540 sq ft⃃ 610,000Resale · Ready
13/12/2023New Dubai Gate 11 bed · Apartment773 sq ft⃃ 975,000Resale · Ready
12/12/2023New Dubai Gate 11 bed · Apartment775 sq ft⃃ 800,000Resale · Ready
12/12/2023New Dubai Gate 11 bed · Apartment478 sq ft⃃ 620,000Resale · Ready
11/12/2023New Dubai Gate 11 bed · Apartment416 sq ft⃃ 550,000Resale · Ready
08/12/2023New Dubai Gate 11 bed · Apartment540 sq ft⃃ 590,000Resale · Ready
07/12/2023New Dubai Gate 11 bed · Apartment771 sq ft⃃ 800,000Resale · Ready
20/11/2023New Dubai Gate 11 bed · Apartment478 sq ft⃃ 620,000Resale · 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/new-dubai-gate-1/2023
New Dubai Gate 1 Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/new-dubai-gate-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 New Dubai Gate 1 in 2023?
55 property sales worth ⃃ 39,025,303 were registered in New Dubai Gate 1 in 2023. That is 83.3% higher than 2022.
What was the median property price in New Dubai Gate 1 in 2023?
The median sale price was ⃃ 620,000 and the median price per square foot ⃃ 1,058 (1 Jan – 31 Dec 2023).

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/new-dubai-gate-1/2023