Project · Transactions · 2023

The Pad Property Transactions 2023

44 property sales worth ⃃ 63.85M were registered in The Pad in 2023, 54.2% lower than 2022 by number of sales. The median sale price was ⃃ 1,454,600 and the median price per square foot ⃃ 1,788 (+25.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 44 salesUpdated: 17 Oct 2026
Property sales
44
−54.2% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 63.85M
−39.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,454,600
+45.5% vs 2022
44 sales
Median price per sq ft
⃃ 1,788
+25.3% vs 2022
44 sales

What types of property sold in The Pad in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments44100%⃃ 63.85M⃃ 1,454,600⃃ 1,788

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)1227.3%⃃ 14.39M⃃ 799,800⃃ 1,200
Resale (secondary)3272.7%⃃ 49.46M⃃ 1,480,050⃃ 2,145
Ready44100%⃃ 63.85M⃃ 1,454,600⃃ 1,788

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

114 rental contracts (new and renewed) were registered in The Pad in 2023, at a median annual rent of ⃃ 100,000 (+14.3% on 2022). Rental yields in The Pad

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
22/05/2023The Pad2 beds · Apartment1,217 sq ft⃃ 3,292,700Resale · Ready
22/05/2023The Pad2 beds · Apartment1,217 sq ft⃃ 3,292,700Resale · Ready
03/05/2023The Pad2 beds · Apartment1,216 sq ft⃃ 2,948,275Primary · Ready
24/10/2023The Pad2 beds · Apartment1,216 sq ft⃃ 2,200,000Resale · Ready
23/01/2023The Pad2 beds · Apartment1,217 sq ft⃃ 2,150,000Resale · Ready
12/12/2023The Pad1 bed · Apartment1,340 sq ft⃃ 2,100,000Resale · Ready
20/02/2023The Pad2 beds · Apartment1,216 sq ft⃃ 2,000,000Resale · Ready
10/10/2023The Pad1 bed · Apartment653 sq ft⃃ 1,858,260Resale · Ready
01/06/2023The Pad1 bed · Apartment653 sq ft⃃ 1,858,000Resale · Ready
13/12/2023The Pad1 bed · Apartment653 sq ft⃃ 1,802,260Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
26/12/2023The Pad1 bed · Apartment648 sq ft⃃ 1,450,000Resale · Ready
26/12/2023The Pad1 bed · Apartment663 sq ft⃃ 112,657Resale · Ready
26/12/2023The Pad1 bed · Apartment653 sq ft⃃ 1,500,000Resale · Ready
13/12/2023The Pad1 bed · Apartment653 sq ft⃃ 1,802,260Resale · Ready
12/12/2023The Pad1 bed · Apartment1,340 sq ft⃃ 2,100,000Resale · Ready
02/11/2023The Pad1 bed · Apartment520 sq ft⃃ 1,320,000Resale · Ready
24/10/2023The Pad2 beds · Apartment1,216 sq ft⃃ 2,200,000Resale · Ready
10/10/2023The Pad1 bed · Apartment654 sq ft⃃ 1,575,000Resale · Ready
10/10/2023The Pad1 bed · Apartment653 sq ft⃃ 1,858,260Resale · Ready
05/10/2023The Pad1 bed · Apartment648 sq ft⃃ 1,300,000Resale · 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-pad/2023
The Pad Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-pad/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 Pad in 2023?
44 property sales worth ⃃ 63,846,762 were registered in The Pad in 2023. That is 54.2% lower than 2022.
What was the median property price in The Pad in 2023?
The median sale price was ⃃ 1,454,600 and the median price per square foot ⃃ 1,788 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Pad were off-plan or from developers?
Developer (primary) sales were 27.3% of the 44 sales and resales 72.7%. Primary/resale and off-plan/ready are different splits.

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