Building · Transactions · 2023

Shams 1 Property Transactions 2023

67 property sales worth AED 157.18M were registered in Shams 1 in 2023, 36.7% higher than 2022 by number of sales. The median sale price was AED 2,075,000 and the median price per square foot AED 1,407 (+13.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 67 salesUpdated: 20 Oct 2026
Property sales
67
+36.7% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 157.18M
+62.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 2,075,000
+15.3% vs 2022
67 sales
Median price per sq ft
AED 1,407
+13.9% vs 2022
67 sales

What types of property sold in Shams 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments67100%AED 157.18MAED 2,075,000AED 1,407

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)67100%AED 157.18MAED 2,075,000AED 1,407
Ready67100%AED 157.18MAED 2,075,000AED 1,407

How many rental contracts were registered in Shams 1 in 2023?

135 rental contracts (new and renewed) were registered in Shams 1 in 2023, at a median annual rent of AED 135,000 (+8.0% on 2022). Rental yields in Shams 1

What were the most expensive property sales in Shams 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
12/09/2023Shams 14 beds · Apartment6,037 sq ftAED 13,000,000Resale · Ready
07/06/2023Shams 11 bed · Apartment5,077 sq ftAED 6,850,000Resale · Ready
17/01/2023Shams 11 bed · Apartment5,097 sq ftAED 6,500,000Resale · Ready
08/02/2023Shams 13 beds · Apartment1,884 sq ftAED 2,650,000Resale · Ready
13/03/2023Shams 12 beds · Apartment1,274 sq ftAED 2,600,000Resale · Ready
27/11/2023Shams 12 beds · Apartment1,376 sq ftAED 2,550,000Resale · Ready
19/12/2023Shams 13 beds · Apartment1,884 sq ftAED 2,525,000Resale · Ready
02/10/2023Shams 12 beds · Apartment1,376 sq ftAED 2,500,000Resale · Ready
03/10/2023Shams 13 beds · Apartment1,884 sq ftAED 2,450,000Resale · Ready
03/10/2023Shams 13 beds · Apartment1,884 sq ftAED 2,450,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
25/12/2023Shams 11 bed · Apartment1,182 sq ftAED 1,450,000Resale · Ready
19/12/2023Shams 13 beds · Apartment1,884 sq ftAED 2,525,000Resale · Ready
15/12/2023Shams 11 bed · Apartment1,199 sq ftAED 1,715,000Resale · Ready
07/12/2023Shams 13 beds · Apartment1,884 sq ftAED 2,200,000Resale · Ready
27/11/2023Shams 12 beds · Apartment1,376 sq ftAED 2,550,000Resale · Ready
21/11/2023Shams 11 bed · Apartment1,199 sq ftAED 1,730,000Resale · Ready
14/11/2023Shams 13 beds · Apartment1,884 sq ftAED 2,400,000Resale · Ready
10/11/2023Shams 13 beds · Apartment1,884 sq ftAED 2,400,000Resale · Ready
02/11/2023Shams 13 beds · Apartment1,884 sq ftAED 2,400,000Resale · Ready
25/10/2023Shams 11 bed · Apartment1,199 sq ftAED 1,550,000Resale · 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/shams-1/2023
Shams 1 Property Transactions 2023. DXBinteract, data to 20 Oct 2026. https://dxbinteract.com/dubai-property-transactions/shams-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 Shams 1 in 2023?
67 property sales worth AED 157,176,700 were registered in Shams 1 in 2023. That is 36.7% higher than 2022.
What was the median property price in Shams 1 in 2023?
The median sale price was AED 2,075,000 and the median price per square foot AED 1,407 (1 Jan – 31 Dec 2023).

Last updated · data to 20 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/shams-1/2023