Building · Transactions · 2022

The Residences 1 Property Transactions 2022

10 property sales worth ⃃ 24.82M were registered in The Residences 1 in 2022, 9.1% lower than 2021 by number of sales. The median sale price was ⃃ 1,525,000 and the median price per square foot ⃃ 1,597 (−3.2% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 10 salesUpdated: 19 Oct 2026
Property sales
10
−9.1% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 24.82M
−18.8% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 1,525,000
+1.0% vs 2021
10 sales
Median price per sq ft
⃃ 1,597
−3.2% vs 2021
10 sales

What types of property sold in The Residences 1 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments10100%⃃ 24.82M⃃ 1,525,000⃃ 1,597

How were 2022 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)110%⃃ 1.48M⃃ 1,484,888⃃ 1,080
Resale (secondary)990%⃃ 23.33M⃃ 1,530,000⃃ 1,672
Ready10100%⃃ 24.82M⃃ 1,525,000⃃ 1,597

How many rental contracts were registered in The Residences 1 in 2022?

87 rental contracts (new and renewed) were registered in The Residences 1 in 2022, at a median annual rent of ⃃ 112,000 (+12.0% on 2021). Rental yields in The Residences 1

What were the most expensive property sales in The Residences 1 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
25/11/2022The Residences 13 beds · Apartment2,082 sq ft⃃ 6,100,000Resale · Ready
11/02/2022The Residences 13 beds · Apartment2,082 sq ft⃃ 5,500,000Resale · Ready
08/09/2022The Residences 12 beds · Apartment1,629 sq ft⃃ 4,050,000Resale · Ready
18/08/2022The Residences 12 beds · Apartment1,452 sq ft⃃ 2,450,000Resale · Ready
24/02/2022The Residences 11 bed · Apartment915 sq ft⃃ 1,530,000Resale · Ready
11/11/2022The Residences 11 bed · Apartment1,046 sq ft⃃ 1,520,000Resale · Ready
12/08/2022The Residences 11 bed · Apartment1,375 sq ft⃃ 1,484,888Primary · Ready
02/03/2022The Residences 11 bed · Apartment915 sq ft⃃ 1,250,000Resale · Ready
17/03/2022The Residences 13 beds · Apartment3,289 sq ft⃃ 623,960Resale · Ready
11/03/2022The Residences 13 beds · Apartment3,289 sq ft⃃ 311,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
25/11/2022The Residences 13 beds · Apartment2,082 sq ft⃃ 6,100,000Resale · Ready
11/11/2022The Residences 11 bed · Apartment1,046 sq ft⃃ 1,520,000Resale · Ready
08/09/2022The Residences 12 beds · Apartment1,629 sq ft⃃ 4,050,000Resale · Ready
18/08/2022The Residences 12 beds · Apartment1,452 sq ft⃃ 2,450,000Resale · Ready
12/08/2022The Residences 11 bed · Apartment1,375 sq ft⃃ 1,484,888Primary · Ready
17/03/2022The Residences 13 beds · Apartment3,289 sq ft⃃ 623,960Resale · Ready
11/03/2022The Residences 13 beds · Apartment3,289 sq ft⃃ 311,000Resale · Ready
02/03/2022The Residences 11 bed · Apartment915 sq ft⃃ 1,250,000Resale · Ready
24/02/2022The Residences 11 bed · Apartment915 sq ft⃃ 1,530,000Resale · Ready
11/02/2022The Residences 13 beds · Apartment2,082 sq ft⃃ 5,500,000Resale · 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 2022 with the whole of 2021.
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-residences-1/2022
The Residences 1 Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-residences-1/2022

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 Residences 1 in 2022?
10 property sales worth ⃃ 24,819,848 were registered in The Residences 1 in 2022. That is 9.1% lower than 2021.
What was the median property price in The Residences 1 in 2022?
The median sale price was ⃃ 1,525,000 and the median price per square foot ⃃ 1,597 (1 Jan – 31 Dec 2022).
What share of 2022 sales in The Residences 1 were off-plan or from developers?
Developer (primary) sales were 10% of the 10 sales and resales 90%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-residences-1/2022