Project · Transactions · 2018

The Spirit Property Transactions 2018

28 property sales worth ⃃ 22.61M were registered in The Spirit in 2018, 3.4% lower than 2017 by number of sales. The median sale price was ⃃ 872,598 and the median price per square foot ⃃ 1,862 (−17.0% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 28 salesUpdated: 19 Oct 2026
Property sales
28
−3.4% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 22.61M
−9.6% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 872,598
+12.1% vs 2017
28 sales
Median price per sq ft
⃃ 1,862
−17.0% vs 2017
28 sales

What types of property sold in The Spirit in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments28100%⃃ 22.61M⃃ 872,598⃃ 1,862

How were 2018 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)1553.6%⃃ 16.72M⃃ 1,120,000⃃ 2,728
Resale (secondary)1346.4%⃃ 5.89M⃃ 485,000⃃ 1,042
Ready28100%⃃ 22.61M⃃ 872,598⃃ 1,862

How many rental contracts were registered in The Spirit in 2018?

222 rental contracts (new and renewed) were registered in The Spirit in 2018, at a median annual rent of ⃃ 41,326 (−1.6% on 2017). Rental yields in The Spirit

What were the most expensive property sales in The Spirit in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
16/10/2018The SpiritStudio · Apartment391 sq ft⃃ 1,381,793Primary · Ready
29/01/2018The SpiritStudio · Apartment584 sq ft⃃ 1,275,000Primary · Ready
28/03/2018The SpiritStudio · Apartment514 sq ft⃃ 1,220,445Primary · Ready
03/04/2018The SpiritStudio · Apartment325 sq ft⃃ 1,185,000Primary · Ready
18/04/2018The SpiritStudio · Apartment514 sq ft⃃ 1,168,482Primary · Ready
26/03/2018The SpiritStudio · Apartment509 sq ft⃃ 1,154,636Primary · Ready
14/02/2018The SpiritStudio · Apartment330 sq ft⃃ 1,120,000Primary · Ready
14/02/2018The SpiritStudio · Apartment371 sq ft⃃ 1,120,000Primary · Ready
15/02/2018The SpiritStudio · Apartment372 sq ft⃃ 1,110,000Primary · Ready
15/02/2018The SpiritStudio · Apartment398 sq ft⃃ 1,110,000Primary · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
18/12/2018The SpiritStudio · Apartment399 sq ft⃃ 485,000Resale · Ready
16/10/2018The SpiritStudio · Apartment391 sq ft⃃ 1,381,793Primary · Ready
10/10/2018The SpiritStudio · Apartment509 sq ft⃃ 320,000Resale · Ready
19/09/2018The SpiritStudio · Apartment321 sq ft⃃ 487,445Resale · Ready
12/08/2018The SpiritStudio · Apartment391 sq ft⃃ 488,404Resale · Ready
04/06/2018The SpiritStudio · Apartment321 sq ft⃃ 494,775Resale · Ready
09/05/2018The SpiritStudio · Apartment288 sq ft⃃ 300,000Resale · Ready
29/04/2018The SpiritStudio · Apartment514 sq ft⃃ 531,425Resale · Ready
29/04/2018The SpiritStudio · Apartment372 sq ft⃃ 450,000Resale · Ready
18/04/2018The SpiritStudio · Apartment514 sq ft⃃ 1,168,482Primary · 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 2018 with the whole of 2017.
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/2018
The Spirit Property Transactions 2018. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-spirit/2018

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 2018?
28 property sales worth ⃃ 22,610,668 were registered in The Spirit in 2018. That is 3.4% lower than 2017.
What was the median property price in The Spirit in 2018?
The median sale price was ⃃ 872,598 and the median price per square foot ⃃ 1,862 (1 Jan – 31 Dec 2018).
What share of 2018 sales in The Spirit were off-plan or from developers?
Developer (primary) sales were 53.6% of the 28 sales and resales 46.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-spirit/2018