Project · Transactions · 2024

The Terraces Property Transactions 2024

21 property sales worth ⃃ 46.34M were registered in The Terraces in 2024, 76.7% lower than 2023 by number of sales. The median sale price was ⃃ 2,100,000 and the median price per square foot ⃃ 1,798 (+23.1% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 21 salesUpdated: 18 Oct 2026
Property sales
21
−76.7% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 46.34M
−71.0% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 2,100,000
+23.5% vs 2023
21 sales
Median price per sq ft
⃃ 1,798
+23.1% vs 2023
21 sales

What types of property sold in The Terraces in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments21100%⃃ 46.34M⃃ 2,100,000⃃ 1,798

How were 2024 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)21100%⃃ 46.34M⃃ 2,100,000⃃ 1,798
Ready21100%⃃ 46.34M⃃ 2,100,000⃃ 1,798

How many rental contracts were registered in The Terraces in 2024?

135 rental contracts (new and renewed) were registered in The Terraces in 2024, at a median annual rent of ⃃ 125,000 (+8.7% on 2023). Rental yields in The Terraces

What were the most expensive property sales in The Terraces in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
22/01/2024The Terraces S3 beds · Apartment2,891 sq ft⃃ 4,500,000Resale · Ready
19/08/2024The Terraces N3 beds · Apartment1,720 sq ft⃃ 3,470,000Resale · Ready
04/11/2024The Terraces N2 beds · Apartment2,651 sq ft⃃ 3,350,000Resale · Ready
16/12/2024The Terraces N2 beds · Apartment2,416 sq ft⃃ 3,200,000Resale · Ready
12/08/2024The Terraces N3 beds · Apartment1,718 sq ft⃃ 3,000,000Resale · Ready
15/08/2024The Terraces N2 beds · Apartment1,623 sq ft⃃ 2,850,000Resale · Ready
27/06/2024The Terraces S2 beds · Apartment1,354 sq ft⃃ 2,700,000Resale · Ready
18/09/2024The Terraces S2 beds · Apartment1,158 sq ft⃃ 2,400,000Resale · Ready
07/11/2024The Terraces N2 beds · Apartment1,120 sq ft⃃ 2,200,000Resale · Ready
19/02/2024The Terraces N2 beds · Apartment1,132 sq ft⃃ 2,170,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
16/12/2024The Terraces N2 beds · Apartment2,416 sq ft⃃ 3,200,000Resale · Ready
18/11/2024The Terraces N1 bed · Apartment753 sq ft⃃ 1,485,000Resale · Ready
07/11/2024The Terraces N2 beds · Apartment1,120 sq ft⃃ 2,200,000Resale · Ready
04/11/2024The Terraces N2 beds · Apartment2,651 sq ft⃃ 3,350,000Resale · Ready
18/10/2024The Terraces N1 bed · Apartment708 sq ft⃃ 1,300,000Resale · Ready
18/09/2024The Terraces S2 beds · Apartment1,158 sq ft⃃ 2,400,000Resale · Ready
17/09/2024The Terraces S1 bed · Apartment1,167 sq ft⃃ 1,650,000Resale · Ready
11/09/2024The Terraces N2 beds · Apartment1,150 sq ft⃃ 1,920,000Resale · Ready
29/08/2024The Terraces S1 bed · Apartment755 sq ft⃃ 1,425,000Resale · Ready
23/08/2024The Terraces N1 bed · Apartment708 sq ft⃃ 1,300,000Resale · 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 2024 with the whole of 2023.
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/2024
The Terraces Property Transactions 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-terraces/2024

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 2024?
21 property sales worth ⃃ 46,340,000 were registered in The Terraces in 2024. That is 76.7% lower than 2023.
What was the median property price in The Terraces in 2024?
The median sale price was ⃃ 2,100,000 and the median price per square foot ⃃ 1,798 (1 Jan – 31 Dec 2024).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-terraces/2024