Area · Transactions · 2023

Palm Jumeirah Property Transactions 2023

2,477 property sales worth ⃃ 30.2B were registered in Palm Jumeirah in 2023, 25.5% lower than 2022 by number of sales. The median sale price was ⃃ 3,950,000 and the median price per square foot ⃃ 2,752 (−2.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 2,477 salesUpdated: 17 Oct 2026
Property sales
2,477
−25.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 30.2B
+10.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 3,950,000
+5.2% vs 2022
2,477 sales
Median price per sq ft
⃃ 2,752
−2.4% vs 2022
2,477 sales

What types of property sold in Palm Jumeirah in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments2,12285.7%⃃ 19.2B⃃ 3,904,400⃃ 2,789
Villas1546.2%⃃ 6.3B⃃ 30,000,000⃃ 5,100
Commercial50.2%⃃ 20.12M⃃ 25,382⃃ 14

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)85334.4%⃃ 15.1B⃃ 8,039,828⃃ 3,994
Resale (secondary)1,62465.6%⃃ 15.1B⃃ 3,300,000⃃ 2,373
Off-plan65726.5%⃃ 13B⃃ 9,434,000⃃ 4,474
Ready1,82073.5%⃃ 17.2B⃃ 3,000,000⃃ 2,142

How many rental contracts were registered in Palm Jumeirah in 2023?

5,439 rental contracts (new and renewed) were registered in Palm Jumeirah in 2023, at a median annual rent of ⃃ 165,000 (+13.8% on 2022). Rental yields in Palm Jumeirah

What were the most expensive property sales in Palm Jumeirah 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?

No transactions on record for this selection.

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/palm-jumeirah/2023
Palm Jumeirah Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palm-jumeirah/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 Palm Jumeirah in 2023?
2,477 property sales worth ⃃ 30,235,426,197 were registered in Palm Jumeirah in 2023. That is 25.5% lower than 2022.
What was the median property price in Palm Jumeirah in 2023?
The median sale price was ⃃ 3,950,000 and the median price per square foot ⃃ 2,752 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Palm Jumeirah were off-plan or from developers?
Developer (primary) sales were 34.4% of the 2,477 sales and resales 65.6%. Off-plan units made up 26.5% and ready units 73.5%. Primary/resale and off-plan/ready are different splits.

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