Project · Transactions · 2016

Damac Business Tower Property Transactions 2016

12 property sales worth ⃃ 12.17M were registered in Damac Business Tower in 2016, 200.0% higher than 2015 by number of sales. The median sale price was ⃃ 1,010,000 and the median price per square foot ⃃ 952 (−16.2% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 12 salesUpdated: 18 Oct 2026
Property sales
12
+200.0% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 12.17M
+244.1% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 1,010,000
+10.7% vs 2015
12 sales
Median price per sq ft
⃃ 952
−16.2% vs 2015
12 sales

What types of property sold in Damac Business Tower in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial12100%⃃ 12.17M⃃ 1,010,000⃃ 952

How were 2016 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)216.7%⃃ 2.62M⃃ 1,310,324⃃ 1,474
Resale (secondary)1083.3%⃃ 9.54M⃃ 1,010,000⃃ 921
Ready12100%⃃ 12.17M⃃ 1,010,000⃃ 952

How many rental contracts were registered in Damac Business Tower in 2016?

73 rental contracts (new and renewed) were registered in Damac Business Tower in 2016, at a median annual rent of ⃃ 80,000 (+0.1% on 2015). Rental yields in Damac Business Tower

What were the most expensive property sales in Damac Business Tower in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
02/06/2016Damac Business TowerCommercial1,003 sq ft⃃ 1,910,655Primary · Ready
11/02/2016Damac Business TowerCommercial1,014 sq ft⃃ 1,350,000Resale · Ready
03/02/2016Damac Business TowerCommercial1,141 sq ft⃃ 1,350,000Resale · Ready
11/02/2016Damac Business TowerCommercial978 sq ft⃃ 1,250,000Resale · Ready
18/10/2016Damac Business TowerCommercial1,141 sq ft⃃ 1,100,000Resale · Ready
18/10/2016Damac Business TowerCommercial1,227 sq ft⃃ 1,100,000Resale · Ready
18/10/2016Damac Business TowerCommercial978 sq ft⃃ 920,000Resale · Ready
18/10/2016Damac Business TowerCommercial895 sq ft⃃ 750,000Resale · Ready
03/11/2016Damac Business TowerCommercial956 sq ft⃃ 720,000Resale · Ready
20/04/2016Damac Business TowerCommercial681 sq ft⃃ 709,992Primary · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
13/11/2016Damac Business TowerCommercial566 sq ft⃃ 510,000Resale · Ready
03/11/2016Damac Business TowerCommercial956 sq ft⃃ 720,000Resale · Ready
18/10/2016Damac Business TowerCommercial978 sq ft⃃ 920,000Resale · Ready
18/10/2016Damac Business TowerCommercial1,141 sq ft⃃ 1,100,000Resale · Ready
18/10/2016Damac Business TowerCommercial1,227 sq ft⃃ 1,100,000Resale · Ready
18/10/2016Damac Business TowerCommercial895 sq ft⃃ 750,000Resale · Ready
09/10/2016Damac Business TowerCommercial655 sq ft⃃ 495,000Resale · Ready
02/06/2016Damac Business TowerCommercial1,003 sq ft⃃ 1,910,655Primary · Ready
20/04/2016Damac Business TowerCommercial681 sq ft⃃ 709,992Primary · Ready
11/02/2016Damac Business TowerCommercial1,014 sq ft⃃ 1,350,000Resale · Ready

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 2016 with the whole of 2015.
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/damac-business-tower/2016
Damac Business Tower Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/damac-business-tower/2016

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 Damac Business Tower in 2016?
12 property sales worth ⃃ 12,165,647 were registered in Damac Business Tower in 2016. That is 200.0% higher than 2015.
What was the median property price in Damac Business Tower in 2016?
The median sale price was ⃃ 1,010,000 and the median price per square foot ⃃ 952 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Damac Business Tower were off-plan or from developers?
Developer (primary) sales were 16.7% of the 12 sales and resales 83.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/damac-business-tower/2016