Master Project · Transactions · 2023

Wasl 1 Property Transactions 2023

689 property sales worth ⃃ 1.5B were registered in Wasl 1 in 2023, 47.9% higher than 2022 by number of sales. The median sale price was ⃃ 2,160,040 and the median price per square foot ⃃ 1,767 (+9.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 689 salesUpdated: 19 Oct 2026
Property sales
689
+47.9% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 1.5B
+49.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,160,040
−0.1% vs 2022
689 sales
Median price per sq ft
⃃ 1,767
+9.5% vs 2022
689 sales

What types of property sold in Wasl 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments689100%⃃ 1.5B⃃ 2,160,040⃃ 1,767

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)60888.2%⃃ 1.4B⃃ 2,132,795⃃ 1,779
Resale (secondary)8111.8%⃃ 186.12M⃃ 2,350,000⃃ 1,667
Off-plan17725.7%⃃ 374.4M⃃ 2,011,777⃃ 1,880
Ready51274.3%⃃ 1.2B⃃ 2,287,500⃃ 1,738

How many rental contracts were registered in Wasl 1 in 2023?

575 rental contracts (new and renewed) were registered in Wasl 1 in 2023, at a median annual rent of ⃃ 120,000 (+9.1% on 2022). Rental yields in Wasl 1

What were the most expensive property sales in Wasl 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
08/05/2023Park Gate Residences 44 beds · Apartment3,160 sq ft⃃ 6,000,000Primary · Ready
01/05/20231 Residences - 23 beds · Apartment1,932 sq ft⃃ 5,458,370Primary · Ready
18/01/20231 Residences - 13 beds · Apartment2,022 sq ft⃃ 5,244,012Primary · Ready
15/04/20231 Residences - 13 beds · Apartment1,951 sq ft⃃ 5,210,394Primary · Ready
18/01/20231 Residences - 13 beds · Apartment2,015 sq ft⃃ 5,196,608Primary · Ready
02/05/20231 Residences - 23 beds · Apartment1,956 sq ft⃃ 5,171,775Primary · Ready
06/01/20231 Residences - 13 beds · Apartment1,951 sq ft⃃ 4,975,916Primary · Ready
19/01/20231 Residences - 13 beds · Apartment1,915 sq ft⃃ 4,880,722Primary · Ready
23/01/20231 Residences - 13 beds · Apartment1,956 sq ft⃃ 4,866,969Primary · Ready
25/01/20231 Residences - 13 beds · Apartment1,932 sq ft⃃ 4,835,836Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/20231 Residences - 22 beds · Apartment1,330 sq ft⃃ 2,578,751Primary · Ready
28/12/20231 Residences - 12 beds · Apartment1,425 sq ft⃃ 2,427,754Primary · Ready
27/12/20231 Residences - 12 beds · Apartment1,267 sq ft⃃ 2,098,368Primary · Ready
26/12/2023Park Views Residences B2 beds · Apartment1,111 sq ft⃃ 2,027,777Primary · Off-plan
26/12/2023Park Views Residences B1 bed · Apartment715 sq ft⃃ 1,399,777Primary · Off-plan
22/12/2023Park Views Residences B2 beds · Apartment1,110 sq ft⃃ 1,915,777Primary · Off-plan
22/12/2023Park Views Residences B2 beds · Apartment1,107 sq ft⃃ 1,999,777Primary · Off-plan
22/12/2023Park Views Residences B2 beds · Apartment1,212 sq ft⃃ 2,015,777Primary · Off-plan
22/12/2023Park Views Residences B3 beds · Apartment1,632 sq ft⃃ 3,084,777Primary · Off-plan
22/12/2023Park Views Residences B1 bed · Apartment715 sq ft⃃ 1,361,777Primary · 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/wasl-1/2023
Wasl 1 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/wasl-1/2023

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 Wasl 1 in 2023?
689 property sales worth ⃃ 1,547,886,886 were registered in Wasl 1 in 2023. That is 47.9% higher than 2022.
What was the median property price in Wasl 1 in 2023?
The median sale price was ⃃ 2,160,040 and the median price per square foot ⃃ 1,767 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Wasl 1 were off-plan or from developers?
Developer (primary) sales were 88.2% of the 689 sales and resales 11.8%. Off-plan units made up 25.7% and ready units 74.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/wasl-1/2023