Building · Transactions · 2023

South Ridge 5 Property Transactions 2023

15 property sales worth ⃃ 38.39M were registered in South Ridge 5 in 2023, 11.8% lower than 2022 by number of sales. The median sale price was ⃃ 2,200,000 and the median price per square foot ⃃ 1,512 (+11.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 15 salesUpdated: 19 Oct 2026
Property sales
15
−11.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 38.39M
+25.2% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,200,000
+49.2% vs 2022
15 sales
Median price per sq ft
⃃ 1,512
+11.9% vs 2022
15 sales

What types of property sold in South Ridge 5 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments15100%⃃ 38.39M⃃ 2,200,000⃃ 1,512

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)15100%⃃ 38.39M⃃ 2,200,000⃃ 1,512
Ready15100%⃃ 38.39M⃃ 2,200,000⃃ 1,512

How many rental contracts were registered in South Ridge 5 in 2023?

111 rental contracts (new and renewed) were registered in South Ridge 5 in 2023, at a median annual rent of ⃃ 117,810 (+17.8% on 2022). Rental yields in South Ridge 5

What were the most expensive property sales in South Ridge 5 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/03/2023South Ridge 53 beds · Apartment3,428 sq ft⃃ 7,650,000Resale · Ready
29/11/2023South Ridge 53 beds · Apartment1,892 sq ft⃃ 4,000,000Resale · Ready
19/04/2023South Ridge 53 beds · Apartment1,892 sq ft⃃ 3,530,000Resale · Ready
22/05/2023South Ridge 52 beds · Apartment2,066 sq ft⃃ 2,700,000Resale · Ready
08/06/2023South Ridge 52 beds · Apartment1,450 sq ft⃃ 2,600,000Resale · Ready
21/08/2023South Ridge 52 beds · Apartment1,450 sq ft⃃ 2,550,000Resale · Ready
16/11/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 2,300,000Resale · Ready
20/09/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 2,200,000Resale · Ready
19/05/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 1,820,000Resale · Ready
10/01/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 1,817,340Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
29/11/2023South Ridge 53 beds · Apartment1,892 sq ft⃃ 4,000,000Resale · Ready
16/11/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 2,300,000Resale · Ready
20/09/2023South Ridge 52 beds · Apartment1,444 sq ft⃃ 2,200,000Resale · Ready
21/08/2023South Ridge 52 beds · Apartment1,450 sq ft⃃ 2,550,000Resale · Ready
16/08/2023South Ridge 51 bed · Apartment1,091 sq ft⃃ 1,460,000Resale · Ready
03/08/2023South Ridge 51 bed · Apartment1,091 sq ft⃃ 1,650,000Resale · Ready
19/06/2023South Ridge 51 bed · Apartment1,091 sq ft⃃ 1,530,000Resale · Ready
08/06/2023South Ridge 52 beds · Apartment1,450 sq ft⃃ 2,600,000Resale · Ready
22/05/2023South Ridge 5Studio · Apartment867 sq ft⃃ 1,171,000Resale · Ready
22/05/2023South Ridge 52 beds · Apartment2,066 sq ft⃃ 2,700,000Resale · 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/south-ridge-5/2023
South Ridge 5 Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/south-ridge-5/2023

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 South Ridge 5 in 2023?
15 property sales worth ⃃ 38,392,029 were registered in South Ridge 5 in 2023. That is 11.8% lower than 2022.
What was the median property price in South Ridge 5 in 2023?
The median sale price was ⃃ 2,200,000 and the median price per square foot ⃃ 1,512 (1 Jan – 31 Dec 2023).

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/south-ridge-5/2023