Project · Transactions · 2023

Welcome Residency Property Transactions 2023

77 property sales worth ⃃ 115.12M were registered in Welcome Residency in 2023, 327.8% higher than 2022 by number of sales. The median sale price was ⃃ 1,439,943 and the median price per square foot ⃃ 1,043 (+10.4% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 77 salesUpdated: 18 Oct 2026
Property sales
77
+327.8% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 115.12M
+387.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,439,943
+13.6% vs 2022
77 sales
Median price per sq ft
⃃ 1,043
+10.4% vs 2022
77 sales

What types of property sold in Welcome Residency in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments77100%⃃ 115.12M⃃ 1,439,943⃃ 1,043

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)7293.5%⃃ 107.47M⃃ 1,439,760⃃ 1,028
Resale (secondary)56.5%⃃ 7.65M⃃ 1,460,000⃃ 1,089
Off-plan7293.5%⃃ 107.47M⃃ 1,439,760⃃ 1,028
Ready56.5%⃃ 7.65M⃃ 1,460,000⃃ 1,089

How many rental contracts were registered in Welcome Residency in 2023?

15 rental contracts (new and renewed) were registered in Welcome Residency in 2023, at a median annual rent of ⃃ 120,000. Rental yields in Welcome Residency

What were the most expensive property sales in Welcome Residency in 2023?

The ten highest registered sale prices in the year.

No transactions on record for this selection.

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/welcome-residency/2023
Welcome Residency Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/welcome-residency/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 Welcome Residency in 2023?
77 property sales worth ⃃ 115,118,743 were registered in Welcome Residency in 2023. That is 327.8% higher than 2022.
What was the median property price in Welcome Residency in 2023?
The median sale price was ⃃ 1,439,943 and the median price per square foot ⃃ 1,043 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Welcome Residency were off-plan or from developers?
Developer (primary) sales were 93.5% of the 77 sales and resales 6.5%. Off-plan units made up 93.5% and ready units 6.5%. Primary/resale and off-plan/ready are different splits.

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