Project · Transactions · 2024

The Bay, Business Bay Property Transactions 2024

82 property sales worth ⃃ 120.3M were registered in The Bay, Business Bay in 2024, 57.3% lower than 2023 by number of sales. The median sale price was ⃃ 1,310,000 and the median price per square foot ⃃ 1,413 (+1.1% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 82 salesUpdated: 17 Oct 2026
Property sales
82
−57.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 120.3M
−50.2% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 1,310,000
+12.7% vs 2023
82 sales
Median price per sq ft
⃃ 1,413
+1.1% vs 2023
82 sales

What types of property sold in The Bay, Business Bay in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments82100%⃃ 120.3M⃃ 1,310,000⃃ 1,413

How were 2024 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)6478%⃃ 91.23M⃃ 1,300,000⃃ 1,403
Resale (secondary)1822%⃃ 29.06M⃃ 1,325,000⃃ 1,552
Ready82100%⃃ 120.3M⃃ 1,310,000⃃ 1,413

How many rental contracts were registered in The Bay, Business Bay in 2024?

175 rental contracts (new and renewed) were registered in The Bay, Business Bay in 2024, at a median annual rent of ⃃ 100,000 (+17.6% on 2023). Rental yields in The Bay, Business Bay

What were the most expensive property sales in The Bay, Business Bay in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
23/07/2024The Bay, Business BayApartment3,667 sq ft⃃ 5,143,054Resale · Ready
19/02/2024The Bay, Business Bay2 beds · Apartment1,359 sq ft⃃ 2,300,000Resale · Ready
27/05/2024The Bay, Business Bay2 beds · Apartment1,201 sq ft⃃ 2,100,000Primary · Ready
30/10/2024The Bay, Business Bay2 beds · Apartment1,204 sq ft⃃ 2,000,000Resale · Ready
29/11/2024The Bay, Business Bay2 beds · Apartment1,358 sq ft⃃ 1,950,000Resale · Ready
06/08/2024The Bay, Business Bay2 beds · Apartment1,719 sq ft⃃ 1,880,000Primary · Ready
15/10/2024The Bay, Business Bay2 beds · Apartment1,358 sq ft⃃ 1,880,000Primary · Ready
06/08/2024The Bay, Business Bay2 beds · Apartment1,723 sq ft⃃ 1,880,000Primary · Ready
21/03/2024The Bay, Business Bay2 beds · Apartment1,358 sq ft⃃ 1,870,000Primary · Ready
03/06/2024The Bay, Business Bay2 beds · Apartment1,358 sq ft⃃ 1,867,888Primary · Ready

What were the last registered sales of 2024?

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 2024 with the whole of 2023.
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-bay-business-bay/2024
The Bay, Business Bay Property Transactions 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-bay-business-bay/2024

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 Bay, Business Bay in 2024?
82 property sales worth ⃃ 120,297,542 were registered in The Bay, Business Bay in 2024. That is 57.3% lower than 2023.
What was the median property price in The Bay, Business Bay in 2024?
The median sale price was ⃃ 1,310,000 and the median price per square foot ⃃ 1,413 (1 Jan – 31 Dec 2024).
What share of 2024 sales in The Bay, Business Bay were off-plan or from developers?
Developer (primary) sales were 78% of the 82 sales and resales 22%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-bay-business-bay/2024