Dubai Land Department Off-Plan Register

23 Marina Launch Prices

Off-plan in Dubai Marina · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

307 developer launch sales registered at 23 Marina between May 2009 and Sept 2012: 100% apartments, most commonly 3-bed units, typically around 2,980 sqft.

Launch sales
307
DLD off-plan registrations, all time
Median launch /sqft
AED 932
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 700,0009,500,000
Min – max registered

Bed mix: 2-bed 16% · 3-bed 67% · 4+-bed 17%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at 23 Marina, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2009 Q229AED 993
2009 Q3191AED 932
2009 Q45AED 1,242
2010 Q16AED 924
2010 Q24AED 858
2010 Q32AED 877
2010 Q46AED 827
2011 Q12AED 1,047
2011 Q24AED 759
2011 Q34AED 865
2011 Q42AED 932
2012 Q114AED 801
2012 Q211AED 1,057
2012 Q327AED 886
Two different markets

Launch vs Resale

23 Marina also has 563 ready-market resales registered with the DLD, the first on 15 October 2012 - 41 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
563
36 in the last 2 years
Resale median /sqft
AED 1,415
last 2 years
Resale vs launch
+52%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at 23 Marina →

The latest launch sales

Recent Launch Registrations

Apartment · 3 Bed
2,161 sqft · 24 September 2012
AED 1,850,000
AED 856 /sqft
Apartment · 4+ Bed
5,645 sqft · 19 September 2012
AED 9,500,000
AED 1,683 /sqft
Apartment · 3 Bed
2,146 sqft · 10 September 2012
AED 1,900,000
AED 885 /sqft
Apartment · 3 Bed
2,161 sqft · 5 September 2012
AED 2,660,000
AED 1,231 /sqft
Apartment · 4+ Bed
5,645 sqft · 29 August 2012
AED 5,011,000
AED 888 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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Off-plan in Dubai Marina

Compare this project with every other off-plan launch registered in Dubai Marina, or see the community's resale market.

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