Project · Transactions · 2017

The Spirit Property Transactions 2017

29 property sales worth ⃃ 25.01M were registered in The Spirit in 2017, 9.4% lower than 2016 by number of sales. The median sale price was ⃃ 778,177 and the median price per square foot ⃃ 2,243 (+60.3% on 2016).

Period: 1 Jan – 31 Dec 2017Compared with: 2016Sample: 29 salesUpdated: 17 Oct 2026
Property sales
29
−9.4% vs 2016
1 Jan – 31 Dec 2017
Total value
⃃ 25.01M
−5.8% vs 2016
1 Jan – 31 Dec 2017
Median sale price
⃃ 778,177
−2.7% vs 2016
29 sales
Median price per sq ft
⃃ 2,243
+60.3% vs 2016
29 sales

What types of property sold in The Spirit in 2017?

1 Jan – 31 Dec 2017

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments29100%⃃ 25.01M⃃ 778,177⃃ 2,243

How were 2017 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)1448.3%⃃ 16.68M⃃ 1,189,000⃃ 2,493
Resale (secondary)1551.7%⃃ 8.33M⃃ 488,400⃃ 1,264
Ready29100%⃃ 25.01M⃃ 778,177⃃ 2,243

How many rental contracts were registered in The Spirit in 2017?

234 rental contracts (new and renewed) were registered in The Spirit in 2017, at a median annual rent of ⃃ 42,000 (−4.5% on 2016). Rental yields in The Spirit

What were the most expensive property sales in The Spirit in 2017?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/11/2017The Spirit1 bed · Apartment795 sq ft⃃ 2,005,952Primary · Ready
08/11/2017The SpiritStudio · Apartment559 sq ft⃃ 1,642,357Primary · Ready
28/02/2017The SpiritStudio · Apartment398 sq ft⃃ 1,440,345Primary · Ready
07/08/2017The SpiritStudio · Apartment593 sq ft⃃ 1,413,000Primary · Ready
01/08/2017The SpiritStudio · Apartment560 sq ft⃃ 1,356,050Primary · Ready
17/07/2017The SpiritStudio · Apartment580 sq ft⃃ 1,301,075Primary · Ready
25/12/2017The SpiritStudio · Apartment332 sq ft⃃ 1,282,750Primary · Ready
23/10/2017The SpiritStudio · Apartment321 sq ft⃃ 1,136,150Resale · Ready
14/03/2017The SpiritStudio · Apartment330 sq ft⃃ 1,095,250Primary · Ready
04/12/2017The SpiritStudio · Apartment399 sq ft⃃ 989,550Primary · Ready

What were the last registered sales of 2017?

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 2017 with the whole of 2016.
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-spirit/2017
The Spirit Property Transactions 2017. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-spirit/2017

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 Spirit in 2017?
29 property sales worth ⃃ 25,009,347 were registered in The Spirit in 2017. That is 9.4% lower than 2016.
What was the median property price in The Spirit in 2017?
The median sale price was ⃃ 778,177 and the median price per square foot ⃃ 2,243 (1 Jan – 31 Dec 2017).
What share of 2017 sales in The Spirit were off-plan or from developers?
Developer (primary) sales were 48.3% of the 29 sales and resales 51.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-spirit/2017