Project · Transactions · 2023

The Sterling Property Transactions 2023

113 property sales worth ⃃ 272.94M were registered in The Sterling in 2023, unchanged from 2022 by number of sales. The median sale price was ⃃ 2,000,000 and the median price per square foot ⃃ 2,053 (+6.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 113 salesUpdated: 17 Oct 2026
Property sales
113
0.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 272.94M
+40.0% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,000,000
+33.3% vs 2022
113 sales
Median price per sq ft
⃃ 2,053
+6.4% vs 2022
113 sales

What types of property sold in The Sterling in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments113100%⃃ 272.94M⃃ 2,000,000⃃ 2,053

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
Primary (developer sales)5952.2%⃃ 163.7M⃃ 2,205,995⃃ 2,053
Resale (secondary)5447.8%⃃ 109.24M⃃ 1,750,000⃃ 2,026
Off-plan8474.3%⃃ 219.57M⃃ 2,029,421⃃ 1,989
Ready2925.7%⃃ 53.37M⃃ 1,925,000⃃ 2,153

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

7 rental contracts (new and renewed) were registered in The Sterling in 2023, at a median annual rent of ⃃ 150,000. Rental yields in The Sterling

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/05/2023The Sterling East House4 beds · Apartment6,632 sq ft⃃ 16,447,927Primary · Off-plan
17/08/2023The Sterling East House4 beds · Apartment4,626 sq ft⃃ 11,500,000Resale · Off-plan
01/02/2023The Sterling West House4 beds · Apartment4,601 sq ft⃃ 8,100,000Resale · Off-plan
02/02/2023The Sterling West House4 beds · Apartment3,322 sq ft⃃ 6,219,840Primary · Off-plan
23/05/2023The Sterling West House4 beds · Apartment2,995 sq ft⃃ 5,626,500Primary · Off-plan
01/02/2023The Sterling West House4 beds · Apartment2,577 sq ft⃃ 5,301,285Primary · Off-plan
13/03/2023The Sterling West House3 beds · Apartment2,137 sq ft⃃ 4,851,066Primary · Off-plan
29/03/2023The Sterling West House4 beds · Apartment2,575 sq ft⃃ 4,850,118Primary · Off-plan
01/02/2023The Sterling West House3 beds · Apartment1,653 sq ft⃃ 3,692,007Primary · Off-plan
25/07/2023The Sterling West House2 beds · Apartment1,688 sq ft⃃ 3,627,123Primary · Off-plan

What were the last registered sales of 2023?

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 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-sterling/2023
The Sterling Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-sterling/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 Sterling in 2023?
113 property sales worth ⃃ 272,940,593 were registered in The Sterling in 2023. That is unchanged from 2022.
What was the median property price in The Sterling in 2023?
The median sale price was ⃃ 2,000,000 and the median price per square foot ⃃ 2,053 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Sterling were off-plan or from developers?
Developer (primary) sales were 52.2% of the 113 sales and resales 47.8%. Off-plan units made up 74.3% and ready units 25.7%. Primary/resale and off-plan/ready are different splits.

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