Project · Transactions · 2023

The Terraces Property Transactions 2023

90 property sales worth ⃃ 159.99M were registered in The Terraces in 2023, 429.4% higher than 2022 by number of sales. The median sale price was ⃃ 1,700,000 and the median price per square foot ⃃ 1,461 (+16.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 90 salesUpdated: 17 Oct 2026
Property sales
90
+429.4% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 159.99M
+634.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,700,000
+61.9% vs 2022
90 sales
Median price per sq ft
⃃ 1,461
+16.6% vs 2022
90 sales

What types of property sold in The Terraces in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments90100%⃃ 159.99M⃃ 1,700,000⃃ 1,461

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)22.2%⃃ 2.63M⃃ 1,313,094⃃ 1,170
Resale (secondary)8897.8%⃃ 157.37M⃃ 1,705,000⃃ 1,464
Ready90100%⃃ 159.99M⃃ 1,700,000⃃ 1,461

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

149 rental contracts (new and renewed) were registered in The Terraces in 2023, at a median annual rent of ⃃ 115,000 (−20.6% on 2022). Rental yields in The Terraces

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
01/06/2023The Terraces N3 beds · Apartment2,892 sq ft⃃ 4,200,000Resale · Ready
14/02/2023The Terraces N3 beds · Apartment2,898 sq ft⃃ 4,100,000Resale · Ready
11/01/2023The Terraces N3 beds · Apartment2,892 sq ft⃃ 3,850,000Resale · Ready
18/04/2023The Terraces N3 beds · Apartment1,825 sq ft⃃ 3,000,000Resale · Ready
24/04/2023The Terraces S3 beds · Apartment1,932 sq ft⃃ 2,900,000Resale · Ready
27/12/2023The Terraces N2 beds · Apartment1,934 sq ft⃃ 2,875,000Resale · Ready
18/08/2023The Terraces S2 beds · Apartment1,389 sq ft⃃ 2,700,000Resale · Ready
13/04/2023The Terraces N2 beds · Apartment2,077 sq ft⃃ 2,550,000Resale · Ready
29/03/2023The Terraces S2 beds · Apartment2,076 sq ft⃃ 2,550,000Resale · Ready
22/02/2023The Terraces S2 beds · Apartment1,623 sq ft⃃ 2,540,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023The Terraces N2 beds · Apartment1,934 sq ft⃃ 2,875,000Resale · Ready
05/12/2023The Terraces N2 beds · Apartment1,150 sq ft⃃ 2,050,000Resale · Ready
01/12/2023The Terraces S1 bed · Apartment671 sq ft⃃ 1,150,000Resale · Ready
15/11/2023The Terraces N1 bed · Apartment755 sq ft⃃ 1,280,000Resale · Ready
13/11/2023The Terraces N2 beds · Apartment1,132 sq ft⃃ 1,950,000Resale · Ready
06/10/2023The Terraces S2 beds · Apartment1,554 sq ft⃃ 2,500,000Resale · Ready
25/09/2023The Terraces S2 beds · Apartment1,159 sq ft⃃ 1,750,000Resale · Ready
21/09/2023The Terraces N2 beds · Apartment1,132 sq ft⃃ 1,750,000Resale · Ready
18/09/2023The Terraces S2 beds · Apartment1,132 sq ft⃃ 1,825,000Resale · Ready
08/09/2023The Terraces N1 bed · Apartment698 sq ft⃃ 1,200,000Resale · 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-terraces/2023
The Terraces Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-terraces/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 Terraces in 2023?
90 property sales worth ⃃ 159,991,687 were registered in The Terraces in 2023. That is 429.4% higher than 2022.
What was the median property price in The Terraces in 2023?
The median sale price was ⃃ 1,700,000 and the median price per square foot ⃃ 1,461 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Terraces were off-plan or from developers?
Developer (primary) sales were 2.2% of the 90 sales and resales 97.8%. Primary/resale and off-plan/ready are different splits.

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