Project · Transactions · 2016

Fairmont Palm Residence Property Transactions 2016

51 property sales worth ⃃ 184.28M were registered in Fairmont Palm Residence in 2016, 27.1% lower than 2015 by number of sales. The median sale price was ⃃ 3,150,000 and the median price per square foot ⃃ 1,552 (−0.5% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 51 salesUpdated: 18 Oct 2026
Property sales
51
−27.1% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 184.28M
−30.2% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 3,150,000
+5.0% vs 2015
51 sales
Median price per sq ft
⃃ 1,552
−0.5% vs 2015
51 sales

What types of property sold in Fairmont Palm Residence in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments51100%⃃ 184.28M⃃ 3,150,000⃃ 1,552

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)23.9%⃃ 14.4M⃃ 7,200,000⃃ 1,528
Resale (secondary)4996.1%⃃ 169.88M⃃ 2,875,000⃃ 1,552
Ready51100%⃃ 184.28M⃃ 3,150,000⃃ 1,552

How many rental contracts were registered in Fairmont Palm Residence in 2016?

178 rental contracts (new and renewed) were registered in Fairmont Palm Residence in 2016, at a median annual rent of ⃃ 205,000 (+2.5% on 2015). Rental yields in Fairmont Palm Residence

What were the most expensive property sales in Fairmont Palm Residence in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
04/02/2016The Residences North4 beds · Apartment11,378 sq ft⃃ 11,000,000Resale · Ready
20/01/2016The Residences South4 beds · Apartment4,354 sq ft⃃ 9,300,000Resale · Ready
23/02/2016The Residences South4 beds · Apartment3,170 sq ft⃃ 9,245,000Resale · Ready
15/03/2016The Residences North4 beds · Apartment4,121 sq ft⃃ 9,175,000Resale · Ready
26/01/2016The Residences North4 beds · Apartment4,625 sq ft⃃ 9,000,000Primary · Ready
03/03/2016The Residences South4 beds · Apartment5,465 sq ft⃃ 6,800,000Resale · Ready
19/01/2016The Residences North4 beds · Apartment4,864 sq ft⃃ 5,400,000Primary · Ready
27/09/2016The Residences North3 beds · Apartment3,024 sq ft⃃ 4,326,000Resale · Ready
20/01/2016The Residences South2 beds · Apartment1,725 sq ft⃃ 4,200,000Resale · Ready
11/02/2016The Residences North2 beds · Apartment1,725 sq ft⃃ 4,100,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
19/12/2016The Residences North1 bed · Apartment1,526 sq ft⃃ 1,875,000Resale · Ready
12/12/2016The Residences South2 beds · Apartment1,930 sq ft⃃ 3,800,000Resale · Ready
08/12/2016The Residences North2 beds · Apartment2,191 sq ft⃃ 3,800,000Resale · Ready
05/12/2016The Residences South2 beds · Apartment1,730 sq ft⃃ 3,700,000Resale · Ready
05/12/2016The Residences North2 beds · Apartment1,717 sq ft⃃ 3,500,000Resale · Ready
22/11/2016The Residences North2 beds · Apartment2,165 sq ft⃃ 2,650,000Resale · Ready
10/11/2016The Residences South1 bed · Apartment1,376 sq ft⃃ 1,800,000Resale · Ready
06/11/2016The Residences North3 beds · Apartment4,904 sq ft⃃ 3,650,000Resale · Ready
24/10/2016The Residences South1 bed · Apartment1,512 sq ft⃃ 1,850,000Resale · Ready
11/10/2016The Residences South1 bed · Apartment1,526 sq ft⃃ 1,850,000Resale · 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/fairmont-palm-residence/2016
Fairmont Palm Residence Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/fairmont-palm-residence/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 Fairmont Palm Residence in 2016?
51 property sales worth ⃃ 184,282,000 were registered in Fairmont Palm Residence in 2016. That is 27.1% lower than 2015.
What was the median property price in Fairmont Palm Residence in 2016?
The median sale price was ⃃ 3,150,000 and the median price per square foot ⃃ 1,552 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Fairmont Palm Residence were off-plan or from developers?
Developer (primary) sales were 3.9% of the 51 sales and resales 96.1%. Primary/resale and off-plan/ready are different splits.

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