Building · Transactions · 2016

Elite Residence 1 Property Transactions 2016

19 property sales worth ⃃ 11.44M were registered in Elite Residence 1 in 2016, 5.0% lower than 2015 by number of sales. The median sale price was ⃃ 650,000 and the median price per square foot ⃃ 921 (−7.2% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 19 salesUpdated: 18 Oct 2026
Property sales
19
−5.0% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 11.44M
−10.3% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 650,000
+20.9% vs 2015
19 sales
Median price per sq ft
⃃ 921
−7.2% vs 2015
19 sales

What types of property sold in Elite Residence 1 in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments19100%⃃ 11.44M⃃ 650,000⃃ 921

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)210.5%⃃ 1.55M⃃ 772,718⃃ 1,048
Resale (secondary)1789.5%⃃ 9.89M⃃ 640,000⃃ 921
Ready19100%⃃ 11.44M⃃ 650,000⃃ 921

How many rental contracts were registered in Elite Residence 1 in 2016?

141 rental contracts (new and renewed) were registered in Elite Residence 1 in 2016, at a median annual rent of ⃃ 54,848 (+9.7% on 2015). Rental yields in Elite Residence 1

What were the most expensive property sales in Elite Residence 1 in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
27/11/2016Elite Residence 12 beds · Apartment1,017 sq ft⃃ 1,050,000Resale · Ready
28/09/2016Elite Residence 11 bed · Apartment737 sq ft⃃ 820,436Primary · Ready
13/10/2016Elite Residence 11 bed · Apartment737 sq ft⃃ 725,000Primary · Ready
04/10/2016Elite Residence 11 bed · Apartment795 sq ft⃃ 700,000Resale · Ready
10/11/2016Elite Residence 11 bed · Apartment1,011 sq ft⃃ 680,000Resale · Ready
01/02/2016Elite Residence 11 bed · Apartment781 sq ft⃃ 675,000Resale · Ready
24/08/2016Elite Residence 11 bed · Apartment795 sq ft⃃ 675,000Resale · Ready
21/08/2016Elite Residence 11 bed · Apartment823 sq ft⃃ 675,000Resale · Ready
07/08/2016Elite Residence 11 bed · Apartment737 sq ft⃃ 670,000Resale · Ready
03/05/2016Elite Residence 11 bed · Apartment737 sq ft⃃ 650,000Resale · Ready

What were the last registered sales of 2016?

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 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/elite-residence-1/2016
Elite Residence 1 Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/elite-residence-1/2016

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 Elite Residence 1 in 2016?
19 property sales worth ⃃ 11,440,436 were registered in Elite Residence 1 in 2016. That is 5.0% lower than 2015.
What was the median property price in Elite Residence 1 in 2016?
The median sale price was ⃃ 650,000 and the median price per square foot ⃃ 921 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Elite Residence 1 were off-plan or from developers?
Developer (primary) sales were 10.5% of the 19 sales and resales 89.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/elite-residence-1/2016