Area · Transactions · 2023

Wadi Al Safa 2 Property Transactions 2023

1,404 property sales worth ⃃ 2.4B were registered in Wadi Al Safa 2 in 2023, 401.4% higher than 2022 by number of sales. The median sale price was ⃃ 600,622 and the median price per square foot ⃃ 114 (−75.0% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 1,404 salesUpdated: 19 Oct 2026
Property sales
1,404
+401.4% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 2.4B
+346.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 600,622
+27.5% vs 2022
1,404 sales
Median price per sq ft
⃃ 114
−75.0% vs 2022
1,404 sales

What types of property sold in Wadi Al Safa 2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments27419.5%⃃ 130.18M⃃ 400,000⃃ 519
Villas68548.8%⃃ 559.31M⃃ 505,340⃃ 104
Commercial120.9%⃃ 32M⃃ 1,525,896⃃ 1,638

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)1,08277.1%⃃ 1.8B⃃ 735,542⃃ 106
Resale (secondary)32222.9%⃃ 576.75M⃃ 460,000⃃ 534
Off-plan94067%⃃ 678.86M⃃ 585,052⃃ 107
Ready46433%⃃ 1.7B⃃ 700,000⃃ 458

How many rental contracts were registered in Wadi Al Safa 2 in 2023?

4,161 rental contracts (new and renewed) were registered in Wadi Al Safa 2 in 2023, at a median annual rent of ⃃ 39,000 (+14.7% on 2022). Rental yields in Wadi Al Safa 2

What were the most expensive property sales in Wadi Al Safa 2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
02/11/2023Falcon CityPlot3,762,659 sq ft⃃ 94,085,861Primary · Ready
07/11/2023Falcon CityPlot1,357,358 sq ft⃃ 88,247,633Primary · Ready
05/12/2023Wadi Al Safa 2Plot32,292 sq ft⃃ 82,285,787Resale · Ready
09/02/2023Wadi Al Safa 2Plot43,242 sq ft⃃ 78,000,000Primary · Ready
02/11/2023Falcon CityPlot605,407 sq ft⃃ 75,695,291Primary · Ready
12/12/2023Western QuartersPlot600,731 sq ft⃃ 64,215,000Primary · Ready
06/07/2023Wadi Al Safa 2Plot32,292 sq ft⃃ 60,000,000Resale · Ready
21/12/2023Falcon CityPlot542,990 sq ft⃃ 49,511,000Primary · Ready
06/11/2023Falcon CityPlot418,796 sq ft⃃ 43,992,973Primary · Ready
18/12/2023Falcon CityPlot466,007 sq ft⃃ 41,960,052Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Bianca4 beds · Townhouse1,010 sq ft⃃ 1,220,870Primary · Off-plan
28/12/2023Bianca4 beds · Townhouse1,753 sq ft⃃ 1,791,000Primary · Off-plan
28/12/2023Wavez ResidenceStudio · Apartment405 sq ft⃃ 420,000Resale · Ready
28/12/2023Wavez ResidenceStudio · Apartment407 sq ft⃃ 390,000Resale · Ready
28/12/2023Wadi Al Safa 2Plot8,073 sq ft⃃ 3,700,000Resale · Ready
28/12/2023Wavez ResidenceStudio · Apartment407 sq ft⃃ 390,000Resale · Ready
28/12/2023Western Residence - North5 beds · Villa5,862 sq ft⃃ 4,800,000Resale · Ready
27/12/2023Symbolic Alpha1 bed · Apartment716 sq ft⃃ 751,600Primary · Off-plan
27/12/2023Symbolic Alpha1 bed · Apartment791 sq ft⃃ 830,200Primary · Off-plan
27/12/2023Symbolic Alpha1 bed · Apartment821 sq ft⃃ 862,400Primary · Off-plan

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/wadi-al-safa-2/2023
Wadi Al Safa 2 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/wadi-al-safa-2/2023

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 Wadi Al Safa 2 in 2023?
1,404 property sales worth ⃃ 2,403,764,468 were registered in Wadi Al Safa 2 in 2023. That is 401.4% higher than 2022.
What was the median property price in Wadi Al Safa 2 in 2023?
The median sale price was ⃃ 600,622 and the median price per square foot ⃃ 114 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Wadi Al Safa 2 were off-plan or from developers?
Developer (primary) sales were 77.1% of the 1,404 sales and resales 22.9%. Off-plan units made up 67% and ready units 33%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/wadi-al-safa-2/2023