Project · Transactions · 2022

The Spirit Property Transactions 2022

45 property sales worth ⃃ 28.69M were registered in The Spirit in 2022, 60.7% higher than 2021 by number of sales. The median sale price was ⃃ 580,000 and the median price per square foot ⃃ 1,527 (+0.4% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 45 salesUpdated: 18 Oct 2026
Property sales
45
+60.7% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 28.69M
+47.6% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 580,000
−20.4% vs 2021
45 sales
Median price per sq ft
⃃ 1,527
+0.4% vs 2021
45 sales

What types of property sold in The Spirit in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments45100%⃃ 28.69M⃃ 580,000⃃ 1,527

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)1328.9%⃃ 14.71M⃃ 1,025,000⃃ 2,554
Resale (secondary)3271.1%⃃ 13.98M⃃ 499,387⃃ 1,098
Ready45100%⃃ 28.69M⃃ 580,000⃃ 1,527

How many rental contracts were registered in The Spirit in 2022?

300 rental contracts (new and renewed) were registered in The Spirit in 2022, at a median annual rent of ⃃ 29,550 (+13.7% on 2021). Rental yields in The Spirit

What were the most expensive property sales in The Spirit in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/04/2022The SpiritStudio · Apartment560 sq ft⃃ 1,690,304Primary · Ready
20/04/2022The Spirit1 bed · Apartment745 sq ft⃃ 1,625,000Primary · Ready
13/05/2022The SpiritStudio · Apartment662 sq ft⃃ 1,388,001Primary · Ready
13/05/2022The SpiritStudio · Apartment514 sq ft⃃ 1,275,012Primary · Ready
10/03/2022The SpiritStudio · Apartment325 sq ft⃃ 1,154,650Primary · Ready
24/03/2022The SpiritStudio · Apartment398 sq ft⃃ 1,110,000Primary · Ready
23/03/2022The SpiritStudio · Apartment574 sq ft⃃ 1,025,000Primary · Ready
24/03/2022The SpiritStudio · Apartment285 sq ft⃃ 1,008,664Primary · Ready
09/03/2022The SpiritStudio · Apartment636 sq ft⃃ 925,000Primary · Ready
19/04/2022The SpiritStudio · Apartment325 sq ft⃃ 915,022Primary · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
30/11/2022The SpiritStudio · Apartment321 sq ft⃃ 700,000Resale · Ready
21/10/2022The Spirit1 bed · Apartment752 sq ft⃃ 560,000Resale · Ready
17/10/2022The SpiritStudio · Apartment325 sq ft⃃ 295,000Resale · Ready
07/10/2022The SpiritStudio · Apartment332 sq ft⃃ 290,000Resale · Ready
22/09/2022The Spirit1 bed · Apartment752 sq ft⃃ 520,000Resale · Ready
22/09/2022The SpiritStudio · Apartment321 sq ft⃃ 498,774Resale · Ready
08/09/2022The SpiritStudio · Apartment391 sq ft⃃ 557,000Resale · Ready
25/07/2022The SpiritStudio · Apartment371 sq ft⃃ 6,820Resale · Ready
21/07/2022The SpiritStudio · Apartment321 sq ft⃃ 6,671Resale · Ready
21/07/2022The SpiritStudio · Apartment514 sq ft⃃ 8,860Resale · 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-spirit/2022
The Spirit Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-spirit/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 Spirit in 2022?
45 property sales worth ⃃ 28,694,476 were registered in The Spirit in 2022. That is 60.7% higher than 2021.
What was the median property price in The Spirit in 2022?
The median sale price was ⃃ 580,000 and the median price per square foot ⃃ 1,527 (1 Jan – 31 Dec 2022).
What share of 2022 sales in The Spirit were off-plan or from developers?
Developer (primary) sales were 28.9% of the 45 sales and resales 71.1%. Primary/resale and off-plan/ready are different splits.

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