Project · Transactions · 2023

Orchid Property Transactions 2023

23 property sales worth ⃃ 24.3M were registered in Orchid in 2023, 20.7% lower than 2022 by number of sales. The median sale price was ⃃ 865,000 and the median price per square foot ⃃ 979 (+18.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 23 salesUpdated: 18 Oct 2026
Property sales
23
−20.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 24.3M
−30.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 865,000
−27.9% vs 2022
23 sales
Median price per sq ft
⃃ 979
+18.8% vs 2022
23 sales

What types of property sold in Orchid in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments23100%⃃ 24.3M⃃ 865,000⃃ 979

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)1356.5%⃃ 16.12M⃃ 1,192,660⃃ 982
Resale (secondary)1043.5%⃃ 8.18M⃃ 765,000⃃ 948
Ready23100%⃃ 24.3M⃃ 865,000⃃ 979

How many rental contracts were registered in Orchid in 2023?

84 rental contracts (new and renewed) were registered in Orchid in 2023, at a median annual rent of ⃃ 55,000 (+4.8% on 2022). Rental yields in Orchid

What were the most expensive property sales in Orchid in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
05/12/2023Orchid A3 beds · Apartment3,652 sq ft⃃ 2,903,740Primary · Ready
28/02/2023Orchid A2 beds · Apartment2,428 sq ft⃃ 1,908,480Primary · Ready
16/03/2023Orchid B2 beds · Apartment1,646 sq ft⃃ 1,625,000Resale · Ready
17/08/2023Orchid A1 bed · Apartment1,396 sq ft⃃ 1,371,000Primary · Ready
05/07/2023Orchid B1 bed · Apartment1,396 sq ft⃃ 1,302,000Primary · Ready
05/01/2023Orchid A1 bed · Apartment1,303 sq ft⃃ 1,264,000Primary · Ready
15/03/2023Orchid B1 bed · Apartment1,021 sq ft⃃ 1,199,000Primary · Ready
10/01/2023Orchid A1 bed · Apartment1,246 sq ft⃃ 1,192,660Primary · Ready
17/07/2023Orchid A1 bed · Apartment1,315 sq ft⃃ 1,150,520Primary · Ready
21/09/2023Orchid B1 bed · Apartment1,021 sq ft⃃ 1,000,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
05/12/2023Orchid A3 beds · Apartment3,652 sq ft⃃ 2,903,740Primary · Ready
30/10/2023Orchid AStudio · Apartment495 sq ft⃃ 610,000Resale · Ready
24/10/2023Orchid BStudio · Apartment598 sq ft⃃ 865,000Primary · Ready
12/10/2023Orchid BStudio · Apartment520 sq ft⃃ 754,000Primary · Ready
03/10/2023Orchid B1 bed · Apartment851 sq ft⃃ 750,000Resale · Ready
03/10/2023Orchid AStudio · Apartment433 sq ft⃃ 614,460Primary · Ready
25/09/2023Orchid A1 bed · Apartment983 sq ft⃃ 760,000Resale · Ready
21/09/2023Orchid B1 bed · Apartment1,021 sq ft⃃ 1,000,000Resale · Ready
14/09/2023Orchid AStudio · Apartment592 sq ft⃃ 810,000Primary · Ready
17/08/2023Orchid A1 bed · Apartment1,396 sq ft⃃ 1,371,000Primary · 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/orchid/2023
Orchid Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/orchid/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 Orchid in 2023?
23 property sales worth ⃃ 24,297,860 were registered in Orchid in 2023. That is 20.7% lower than 2022.
What was the median property price in Orchid in 2023?
The median sale price was ⃃ 865,000 and the median price per square foot ⃃ 979 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Orchid were off-plan or from developers?
Developer (primary) sales were 56.5% of the 23 sales and resales 43.5%. Primary/resale and off-plan/ready are different splits.

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