Project · Transactions · 2023

Sky Bay Hotel Property Transactions 2023

106 property sales worth ⃃ 60.25M were registered in Sky Bay Hotel in 2023, 58.2% higher than 2022 by number of sales. The median sale price was ⃃ 426,010 and the median price per square foot ⃃ 4,206 (+14.0% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 106 salesUpdated: 18 Oct 2026
Property sales
106
+58.2% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 60.25M
−22.3% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 426,010
−67.0% vs 2022
106 sales
Median price per sq ft
⃃ 4,206
+14.0% vs 2022
106 sales

What types of property sold in Sky Bay Hotel in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments106100%⃃ 60.25M⃃ 426,010⃃ 4,206

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)9488.7%⃃ 44.85M⃃ 405,825⃃ 4,272
Resale (secondary)1211.3%⃃ 15.4M⃃ 1,466,500⃃ 3,621
Ready106100%⃃ 60.25M⃃ 426,010⃃ 4,206

How many rental contracts were registered in Sky Bay Hotel in 2023?

1 rental contracts (new and renewed) were registered in Sky Bay Hotel in 2023, at a median annual rent of ⃃ 20,000.

What were the most expensive property sales in Sky Bay Hotel in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/01/2023Sky Bay Hotel1 bed · Apartment947 sq ft⃃ 1,895,000Resale · Ready
08/08/2023Sky Bay HotelStudio · Apartment351 sq ft⃃ 1,807,000Primary · Ready
16/08/2023Sky Bay Hotel1 bed · Apartment1,135 sq ft⃃ 1,755,000Resale · Ready
14/05/2023Sky Bay HotelStudio · Apartment413 sq ft⃃ 1,650,000Resale · Ready
03/01/2023Sky Bay HotelStudio · Apartment458 sq ft⃃ 1,632,000Resale · Ready
24/01/2023Sky Bay HotelStudio · Apartment378 sq ft⃃ 1,613,350Resale · Ready
02/01/2023Sky Bay HotelStudio · Apartment353 sq ft⃃ 1,540,000Primary · Ready
16/01/2023Sky Bay HotelStudio · Apartment396 sq ft⃃ 1,499,000Primary · Ready
29/11/2023Sky Bay HotelStudio · Apartment351 sq ft⃃ 1,498,000Resale · Ready
24/04/2023Sky Bay HotelStudio · Apartment350 sq ft⃃ 1,435,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
26/12/2023Sky Bay HotelStudio · Apartment103 sq ft⃃ 440,000Primary · Ready
25/12/2023Sky Bay HotelStudio · Apartment123 sq ft⃃ 387,325Primary · Ready
21/12/2023Sky Bay HotelStudio · Apartment102 sq ft⃃ 387,325Primary · Ready
21/12/2023Sky Bay HotelStudio · Apartment103 sq ft⃃ 400,000Primary · Ready
19/12/2023Sky Bay HotelStudio · Apartment102 sq ft⃃ 390,871Primary · Ready
19/12/2023Sky Bay HotelStudio · Apartment88 sq ft⃃ 566,089Primary · Ready
19/12/2023Sky Bay HotelStudio · Apartment123 sq ft⃃ 369,000Primary · Ready
19/12/2023Sky Bay HotelStudio · Apartment88 sq ft⃃ 405,000Primary · Ready
15/12/2023Sky Bay HotelStudio · Apartment103 sq ft⃃ 369,000Primary · Ready
14/12/2023Sky Bay HotelStudio · Apartment88 sq ft⃃ 399,630Primary · 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/sky-bay-hotel/2023
Sky Bay Hotel Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/sky-bay-hotel/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 Sky Bay Hotel in 2023?
106 property sales worth ⃃ 60,252,058 were registered in Sky Bay Hotel in 2023. That is 58.2% higher than 2022.
What was the median property price in Sky Bay Hotel in 2023?
The median sale price was ⃃ 426,010 and the median price per square foot ⃃ 4,206 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Sky Bay Hotel were off-plan or from developers?
Developer (primary) sales were 88.7% of the 106 sales and resales 11.3%. Primary/resale and off-plan/ready are different splits.

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