Building · Transactions · 2016

Farah Tower 1 Property Transactions 2016

6 property sales worth ⃃ 4.07M were registered in Farah Tower 1 in 2016, 87.8% lower than 2015 by number of sales. The median sale price was ⃃ 635,000 and the median price per square foot ⃃ 761 (−5.4% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 6 salesUpdated: 18 Oct 2026
Property sales
6
−87.8% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 4.07M
−87.3% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 635,000
+4.1% vs 2015
6 sales
Median price per sq ft
⃃ 761
−5.4% vs 2015
6 sales

What types of property sold in Farah Tower 1 in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments6100%⃃ 4.07M⃃ 635,000⃃ 761

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)6100%⃃ 4.07M⃃ 635,000⃃ 761
Ready6100%⃃ 4.07M⃃ 635,000⃃ 761

How many rental contracts were registered in Farah Tower 1 in 2016?

31 rental contracts (new and renewed) were registered in Farah Tower 1 in 2016, at a median annual rent of ⃃ 57,000 (−1.7% on 2015). Rental yields in Farah Tower 1

What were the most expensive property sales in Farah Tower 1 in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
02/03/2016Farah Tower 12 beds · Apartment1,066 sq ft⃃ 800,000Primary · Ready
02/03/2016Farah Tower 12 beds · Apartment1,067 sq ft⃃ 800,000Primary · Ready
13/04/2016Farah Tower 11 bed · Apartment816 sq ft⃃ 640,000Primary · Ready
24/04/2016Farah Tower 11 bed · Apartment816 sq ft⃃ 630,000Primary · Ready
06/06/2016Farah Tower 11 bed · Apartment812 sq ft⃃ 600,000Primary · Ready
20/01/2016Farah Tower 11 bed · Apartment758 sq ft⃃ 600,000Primary · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
06/06/2016Farah Tower 11 bed · Apartment812 sq ft⃃ 600,000Primary · Ready
24/04/2016Farah Tower 11 bed · Apartment816 sq ft⃃ 630,000Primary · Ready
13/04/2016Farah Tower 11 bed · Apartment816 sq ft⃃ 640,000Primary · Ready
02/03/2016Farah Tower 12 beds · Apartment1,066 sq ft⃃ 800,000Primary · Ready
02/03/2016Farah Tower 12 beds · Apartment1,067 sq ft⃃ 800,000Primary · Ready
20/01/2016Farah Tower 11 bed · Apartment758 sq ft⃃ 600,000Primary · 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/farah-tower-1/2016
Farah Tower 1 Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/farah-tower-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 Farah Tower 1 in 2016?
6 property sales worth ⃃ 4,070,000 were registered in Farah Tower 1 in 2016. That is 87.8% lower than 2015.
What was the median property price in Farah Tower 1 in 2016?
The median sale price was ⃃ 635,000 and the median price per square foot ⃃ 761 (1 Jan – 31 Dec 2016).

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