Project · Transactions · 2023

O 2 Property Transactions 2023

61 property sales worth ⃃ 35.17M were registered in O 2 in 2023, 24.7% lower than 2022 by number of sales. The median sale price was ⃃ 614,000 and the median price per square foot ⃃ 914 (+21.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 61 salesUpdated: 18 Oct 2026
Property sales
61
−24.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 35.17M
−16.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 614,000
+23.4% vs 2022
61 sales
Median price per sq ft
⃃ 914
+21.8% vs 2022
61 sales

What types of property sold in O 2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments61100%⃃ 35.17M⃃ 614,000⃃ 914

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)58.2%⃃ 2.54M⃃ 434,784⃃ 939
Resale (secondary)5691.8%⃃ 32.63M⃃ 620,059⃃ 892
Ready61100%⃃ 35.17M⃃ 614,000⃃ 914

How many rental contracts were registered in O 2 in 2023?

231 rental contracts (new and renewed) were registered in O 2 in 2023, at a median annual rent of ⃃ 47,500 (+9.2% on 2022). Rental yields in O 2

What were the most expensive property sales in O 2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/10/2023O 21 bed · Apartment684 sq ft⃃ 850,000Resale · Ready
18/10/2023O 21 bed · Apartment1,021 sq ft⃃ 842,000Resale · Ready
26/10/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
26/10/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
12/12/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
03/11/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
06/11/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
24/10/2023O 21 bed · Apartment970 sq ft⃃ 824,084Resale · Ready
24/10/2023O 21 bed · Apartment968 sq ft⃃ 822,528Resale · Ready
07/08/2023O 21 bed · Apartment820 sq ft⃃ 800,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
25/12/2023O 2Studio · Apartment331 sq ft⃃ 395,000Resale · Ready
15/12/2023O 2Studio · Apartment331 sq ft⃃ 385,000Resale · Ready
12/12/2023O 21 bed · Apartment1,014 sq ft⃃ 831,500Resale · Ready
07/12/2023O 21 bed · Apartment682 sq ft⃃ 620,000Resale · Ready
01/12/2023O 2Studio · Apartment331 sq ft⃃ 410,000Resale · Ready
01/12/2023O 21 bed · Apartment820 sq ft⃃ 752,760Resale · Ready
28/11/2023O 2Studio · Apartment503 sq ft⃃ 435,000Resale · Ready
28/11/2023O 2Studio · Apartment503 sq ft⃃ 550,000Resale · Ready
28/11/2023O 2Studio · Apartment458 sq ft⃃ 480,000Resale · Ready
28/11/2023O 2Studio · Apartment349 sq ft⃃ 405,000Resale · 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/o-2/2023
O 2 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/o-2/2023

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 O 2 in 2023?
61 property sales worth ⃃ 35,168,729 were registered in O 2 in 2023. That is 24.7% lower than 2022.
What was the median property price in O 2 in 2023?
The median sale price was ⃃ 614,000 and the median price per square foot ⃃ 914 (1 Jan – 31 Dec 2023).
What share of 2023 sales in O 2 were off-plan or from developers?
Developer (primary) sales were 8.2% of the 61 sales and resales 91.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/o-2/2023