The Matrix
The First Group · Dubai Sports City · 384 homes · Completed
A completed The First Group project in Dubai Sports City: 384 homes, handed over in Sep 2015, five quarters after the Q2 2014 date on the register. Registered resales from Jul 2025 to Jun 2026 had a median of AED 979 per sqft, 38% below the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q4 2015 | 1,591 | 157 |
| Q1 2016 | 1,481 | 69 |
| Q3 2016 | 1,552 | 25 |
| Q1 2017 | 1,715 | 10 |
| Q2 2017 | 1,321 | 15 |
| Q1 2018 | 1,775 | 20 |
| Q2 2024 | 877 | 13 |
| Q3 2025 | 1,092 | 10 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs delivered. Launch to today.
25% under the Dubai Sports City median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When was The Matrix handed over?
In Sep 2015, when the first ready-market sale was registered. The register declared completion for Q2 2014, so it handed over five quarters late.
What do homes in The Matrix sell for?
From Jul 2025 to Jun 2026, 34 homes sold on the register at a median of AED 979 per sqft and AED 674K per home. By unit type: Studio AED 666K (21 sales), 1 BR AED 860K (11 sales). These are registered deeds, not the developer's price list.
Who built The Matrix?
The First Group. The project is registered to The First Group on the Dubai Land Department register, which lists 18 projects for the developer in Dubai, 2 of them under construction. 2 of its 11 dated handovers came within 3 months of the promised date.
How many homes are in The Matrix?
384, as counted on the Dubai Land Department register. The declared mix: 204 studios, 166 1 BR, 10 2 BR, 1 3 BR.
