Project · Transactions · 2023

The 8 Property Transactions 2023

38 property sales worth ⃃ 221.63M were registered in The 8 in 2023, 75.8% lower than 2022 by number of sales. The median sale price was ⃃ 4,945,713 and the median price per square foot ⃃ 3,420 (+30.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 38 salesUpdated: 17 Oct 2026
Property sales
38
−75.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 221.63M
−62.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 4,945,713
+42.3% vs 2022
38 sales
Median price per sq ft
⃃ 3,420
+30.3% vs 2022
38 sales

What types of property sold in The 8 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments38100%⃃ 221.63M⃃ 4,945,713⃃ 3,420

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)410.5%⃃ 29.5M⃃ 6,200,000⃃ 2,119
Resale (secondary)3489.5%⃃ 192.13M⃃ 4,945,713⃃ 3,584
Ready38100%⃃ 221.63M⃃ 4,945,713⃃ 3,420

How many rental contracts were registered in The 8 in 2023?

64 rental contracts (new and renewed) were registered in The 8 in 2023, at a median annual rent of ⃃ 210,000 (+31.3% on 2022). Rental yields in The 8

What were the most expensive property sales in The 8 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/04/2023The 84 beds · Apartment5,072 sq ft⃃ 18,000,000Resale · Ready
13/03/2023The 84 beds · Apartment5,040 sq ft⃃ 16,600,000Resale · Ready
23/01/2023The 84 beds · Apartment4,353 sq ft⃃ 15,750,000Resale · Ready
19/03/2023The 84 beds · Apartment5,072 sq ft⃃ 14,000,000Primary · Ready
15/05/2023The 84 beds · Apartment5,073 sq ft⃃ 7,500,000Primary · Ready
08/05/2023The 82 beds · Apartment1,241 sq ft⃃ 6,213,460Resale · Ready
23/05/2023The 82 beds · Apartment1,214 sq ft⃃ 6,115,625Resale · Ready
14/12/2023The 82 beds · Apartment1,218 sq ft⃃ 6,017,775Resale · Ready
18/05/2023The 82 beds · Apartment1,304 sq ft⃃ 6,000,000Resale · Ready
23/11/2023The 82 beds · Apartment1,214 sq ft⃃ 5,919,925Resale · Ready

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/the-8/2023
The 8 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-8/2023

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 The 8 in 2023?
38 property sales worth ⃃ 221,627,527 were registered in The 8 in 2023. That is 75.8% lower than 2022.
What was the median property price in The 8 in 2023?
The median sale price was ⃃ 4,945,713 and the median price per square foot ⃃ 3,420 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The 8 were off-plan or from developers?
Developer (primary) sales were 10.5% of the 38 sales and resales 89.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-8/2023