Master Project · Transactions · 2023

The Lakes Property Transactions 2023

109 property sales worth ⃃ 664.89M were registered in The Lakes in 2023, 19.3% lower than 2022 by number of sales. The median sale price was ⃃ 4,975,000 and the median price per square foot ⃃ 1,563 (+14.1% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 109 salesUpdated: 18 Oct 2026
Property sales
109
−19.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 664.89M
−2.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 4,975,000
+18.5% vs 2022
109 sales
Median price per sq ft
⃃ 1,563
+14.1% vs 2022
109 sales

What types of property sold in The Lakes in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Villas3128.4%⃃ 312.73M⃃ 7,300,000⃃ 1,975

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)43.7%⃃ 45.05M⃃ 8,963,444⃃ 1,923
Resale (secondary)10596.3%⃃ 619.84M⃃ 4,950,000⃃ 1,556
Ready109100%⃃ 664.89M⃃ 4,975,000⃃ 1,563

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

133 rental contracts (new and renewed) were registered in The Lakes in 2023, at a median annual rent of ⃃ 300,000 (+17.6% on 2022). Rental yields in The Lakes

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/07/2023The Lakes Hattan 25 beds · Villa11,663 sq ft⃃ 30,600,000Resale · Ready
02/08/2023The Lakes Hattan 24 beds · Villa11,812 sq ft⃃ 25,000,000Primary · Ready
17/07/2023The Lakes Hattan 25 beds · Villa11,287 sq ft⃃ 21,500,000Resale · Ready
21/03/2023The Lakes Hattan 24 beds · Villa11,905 sq ft⃃ 20,000,000Resale · Ready
31/08/2023The Lakes Hattan 24 beds · Villa7,743 sq ft⃃ 17,500,000Resale · Ready
12/07/2023The Lakes Hattan 24 beds · Villa7,634 sq ft⃃ 16,216,439Resale · Ready
20/03/2023The Lakes Hattan 14 beds · Villa6,942 sq ft⃃ 12,510,000Resale · Ready
31/05/2023The Lakes Hattan 34 beds · Villa7,589 sq ft⃃ 12,000,000Primary · Ready
31/07/2023The Lakes Maeen4 beds · Villa5,500 sq ft⃃ 9,250,000Resale · Ready
08/11/2023The Lakes Deema 24 beds · Townhouse6,661 sq ft⃃ 8,350,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
15/12/2023Zulal 23 beds · Townhouse3,019 sq ft⃃ 4,500,000Resale · Ready
11/12/2023The Lakes Deema 44 beds · Villa4,872 sq ft⃃ 6,600,000Resale · Ready
07/12/2023Zulal 23 beds · Townhouse3,715 sq ft⃃ 6,200,000Resale · Ready
27/11/2023Zulal 23 beds · Townhouse3,110 sq ft⃃ 4,800,000Resale · Ready
24/11/2023The Lakes Maeen5 beds · Villa6,030 sq ft⃃ 7,850,000Resale · Ready
21/11/2023The Lakes Maeen3 beds · Townhouse3,675 sq ft⃃ 4,850,000Resale · Ready
15/11/2023Zulal 13 beds · Townhouse3,008 sq ft⃃ 4,525,000Resale · Ready
15/11/2023The Lakes Maeen3 beds · Townhouse4,483 sq ft⃃ 4,950,000Resale · Ready
10/11/2023Zulal 13 beds · Townhouse2,537 sq ft⃃ 4,700,000Resale · Ready
08/11/2023The Lakes Deema 24 beds · Townhouse6,661 sq ft⃃ 8,350,000Resale · 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/the-lakes/2023
The Lakes Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-lakes/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 Lakes in 2023?
109 property sales worth ⃃ 664,890,966 were registered in The Lakes in 2023. That is 19.3% lower than 2022.
What was the median property price in The Lakes in 2023?
The median sale price was ⃃ 4,975,000 and the median price per square foot ⃃ 1,563 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Lakes were off-plan or from developers?
Developer (primary) sales were 3.7% of the 109 sales and resales 96.3%. Primary/resale and off-plan/ready are different splits.

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