Most Expensive Properties Sold in Dubai 2023
Dubai’s real estate market had an exceptional year in 2023. From selling the country’s most expensive penthouse to recording a massive surge in homeownership among expats, the city has surpassed previous market peaks and broken new sales records.
Here’s a list of some of the most expensive properties sold in Dubai throughout 2023, mostly based on data from the Dubai Land Department (DLD).
- Como Residences penthouse: AED500 million
- Flat in Jumeirah’s Marsa Al Arab: AED420 million
- Flat in Jumeirah Marsa Al Arab: AED AED286 million
- Flat in Bulgari Lighthouse Dubai in Jumeirah Bay Island: AED143.5 million
- Hotel apartment in Business Bay’s Luxury Family Residence II: AED125 million
- Flat in Mr. C Residences Jumeirah: AED36.7 million
- Flat in Bluewaters Residences: AED8.66 million
- Flat in Seventh Heaven, Al Barari: AED5.27 million
Over AED378 billion was recorded in sales transactions for all property types in the emirate from January 1 until December 12.
Over 124,000 transactions were made throughout the year so far, with 96,083 units, 11,503 buildings, and 16,808 lands sold.
The market peaked in April 2023, when AED5.38 billion worth of transactions for existing properties were made in a single day. Other high-performing days included when sales for existing properties hit AED3.89 billion on March 27 and on October 9 recorded AED4.65 billion in sales transactions.
