Project · Transactions · 2023

The Spirit Property Transactions 2023

31 property sales worth ⃃ 15.01M were registered in The Spirit in 2023, 31.1% lower than 2022 by number of sales. The median sale price was ⃃ 431,675 and the median price per square foot ⃃ 751 (−50.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 31 salesUpdated: 18 Oct 2026
Property sales
31
−31.1% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 15.01M
−47.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 431,675
−25.6% vs 2022
31 sales
Median price per sq ft
⃃ 751
−50.8% vs 2022
31 sales

What types of property sold in The Spirit in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments31100%⃃ 15.01M⃃ 431,675⃃ 751

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
Resale (secondary)31100%⃃ 15.01M⃃ 431,675⃃ 751
Ready31100%⃃ 15.01M⃃ 431,675⃃ 751

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

379 rental contracts (new and renewed) were registered in The Spirit in 2023, at a median annual rent of ⃃ 33,600 (+13.7% on 2022). Rental yields in The Spirit

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
14/12/2023The Spirit1 bed · Apartment752 sq ft⃃ 1,249,500Resale · Ready
14/12/2023The Spirit1 bed · Apartment795 sq ft⃃ 1,215,970Resale · Ready
20/12/2023The SpiritStudio · Apartment372 sq ft⃃ 981,606Resale · Ready
01/08/2023The SpiritStudio · Apartment371 sq ft⃃ 879,975Resale · Ready
24/10/2023The SpiritStudio · Apartment398 sq ft⃃ 855,250Resale · Ready
04/07/2023The Spirit1 bed · Apartment752 sq ft⃃ 620,000Resale · Ready
31/08/2023The Spirit1 bed · Apartment810 sq ft⃃ 620,000Resale · Ready
09/06/2023The Spirit1 bed · Apartment802 sq ft⃃ 585,000Resale · Ready
06/10/2023The SpiritStudio · Apartment574 sq ft⃃ 525,000Resale · Ready
24/10/2023The SpiritStudio · Apartment560 sq ft⃃ 525,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
21/12/2023The SpiritStudio · Apartment514 sq ft⃃ 16,747Resale · Ready
20/12/2023The SpiritStudio · Apartment372 sq ft⃃ 981,606Resale · Ready
18/12/2023The SpiritStudio · Apartment321 sq ft⃃ 328,000Resale · Ready
14/12/2023The Spirit1 bed · Apartment795 sq ft⃃ 1,215,970Resale · Ready
14/12/2023The Spirit1 bed · Apartment752 sq ft⃃ 1,249,500Resale · Ready
11/12/2023The SpiritStudio · Apartment439 sq ft⃃ 509,030Resale · Ready
28/11/2023The SpiritStudio · Apartment560 sq ft⃃ 480,000Resale · Ready
24/10/2023The SpiritStudio · Apartment560 sq ft⃃ 525,000Resale · Ready
24/10/2023The SpiritStudio · Apartment398 sq ft⃃ 855,250Resale · Ready
11/10/2023The Spirit1 bed · Apartment810 sq ft⃃ 455,000Resale · 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-spirit/2023
The Spirit Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-spirit/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 Spirit in 2023?
31 property sales worth ⃃ 15,012,048 were registered in The Spirit in 2023. That is 31.1% lower than 2022.
What was the median property price in The Spirit in 2023?
The median sale price was ⃃ 431,675 and the median price per square foot ⃃ 751 (1 Jan – 31 Dec 2023).

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