Project · Transactions · 2023

The Neighbourhood Property Transactions 2023

14 property sales worth ⃃ 20.5M were registered in The Neighbourhood in 2023, 73.1% lower than 2022 by number of sales. The median sale price was ⃃ 1,368,750 and the median price per square foot ⃃ 1,930 (+56.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 14 salesUpdated: 18 Oct 2026
Property sales
14
−73.1% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 20.5M
−71.0% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,368,750
−0.3% vs 2022
14 sales
Median price per sq ft
⃃ 1,930
+56.5% vs 2022
14 sales

What types of property sold in The Neighbourhood in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments14100%⃃ 20.5M⃃ 1,368,750⃃ 1,930

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)14100%⃃ 20.5M⃃ 1,368,750⃃ 1,930
Ready14100%⃃ 20.5M⃃ 1,368,750⃃ 1,930

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

59 rental contracts (new and renewed) were registered in The Neighbourhood in 2023, at a median annual rent of ⃃ 120,000 (0.0% on 2022). Rental yields in The Neighbourhood

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/11/2023The Neighbourhood C22 beds · Apartment1,350 sq ft⃃ 2,750,000Resale · Ready
03/04/2023The Neighbourhood C32 beds · Apartment1,256 sq ft⃃ 2,475,000Resale · Ready
08/08/2023The Neighbourhood C21 bed · Apartment1,319 sq ft⃃ 1,950,000Resale · Ready
11/10/2023The Neighbourhood C31 bed · Apartment1,143 sq ft⃃ 1,900,000Resale · Ready
16/11/2023The Neighbourhood C31 bed · Apartment1,065 sq ft⃃ 1,800,000Resale · Ready
23/02/2023The Neighbourhood C21 bed · Apartment850 sq ft⃃ 1,700,000Resale · Ready
01/05/2023The Neighbourhood C21 bed · Apartment819 sq ft⃃ 1,600,000Resale · Ready
14/08/2023The Neighbourhood C3Studio · Apartment587 sq ft⃃ 1,137,500Resale · Ready
31/08/2023The Neighbourhood C3Studio · Apartment437 sq ft⃃ 1,000,000Resale · Ready
28/03/2023The Neighbourhood C3Studio · Apartment437 sq ft⃃ 850,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
30/11/2023The Neighbourhood C22 beds · Apartment1,350 sq ft⃃ 2,750,000Resale · Ready
16/11/2023The Neighbourhood C31 bed · Apartment1,065 sq ft⃃ 1,800,000Resale · Ready
11/10/2023The Neighbourhood C31 bed · Apartment1,143 sq ft⃃ 1,900,000Resale · Ready
31/08/2023The Neighbourhood C3Studio · Apartment437 sq ft⃃ 1,000,000Resale · Ready
14/08/2023The Neighbourhood C3Studio · Apartment587 sq ft⃃ 1,137,500Resale · Ready
08/08/2023The Neighbourhood C21 bed · Apartment1,319 sq ft⃃ 1,950,000Resale · Ready
18/05/2023The Neighbourhood C3Studio · Apartment451 sq ft⃃ 845,000Resale · Ready
01/05/2023The Neighbourhood C21 bed · Apartment819 sq ft⃃ 1,600,000Resale · Ready
11/04/2023The Neighbourhood C3Studio · Apartment554 sq ft⃃ 840,000Resale · Ready
03/04/2023The Neighbourhood C32 beds · Apartment1,256 sq ft⃃ 2,475,000Resale · 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-neighbourhood/2023
The Neighbourhood Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-neighbourhood/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 Neighbourhood in 2023?
14 property sales worth ⃃ 20,497,500 were registered in The Neighbourhood in 2023. That is 73.1% lower than 2022.
What was the median property price in The Neighbourhood in 2023?
The median sale price was ⃃ 1,368,750 and the median price per square foot ⃃ 1,930 (1 Jan – 31 Dec 2023).

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