Master Project · Transactions · 2016

Festival City Property Transactions 2016

42 property sales worth ⃃ 131.51M were registered in Festival City in 2016, 35.5% higher than 2015 by number of sales. The median sale price was ⃃ 2,975,000 and the median price per square foot ⃃ 1,369 (−0.9% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 42 salesUpdated: 19 Oct 2026
Property sales
42
+35.5% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 131.51M
+42.6% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 2,975,000
+1.1% vs 2015
42 sales
Median price per sq ft
⃃ 1,369
−0.9% vs 2015
42 sales

What types of property sold in Festival City in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments4197.6%⃃ 122.81M⃃ 2,950,000⃃ 1,369
Villas12.4%⃃ 8.7M⃃ 8,700,000⃃ 1,620

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)2969%⃃ 85.36M⃃ 3,000,000⃃ 1,441
Resale (secondary)1331%⃃ 46.15M⃃ 2,950,000⃃ 1,285
Ready42100%⃃ 131.51M⃃ 2,975,000⃃ 1,369

How many rental contracts were registered in Festival City in 2016?

331 rental contracts (new and renewed) were registered in Festival City in 2016, at a median annual rent of ⃃ 323,942 (−10.0% on 2015). Rental yields in Festival City

What were the most expensive property sales in Festival City in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/02/2016Festival City4 beds · Villa4,026 sq ft⃃ 8,700,000Resale · Ready
24/10/2016Marsa Plaza - Core 23 beds · Apartment2,704 sq ft⃃ 4,960,000Primary · Ready
30/06/2016Marsa Plaza - Core 23 beds · Apartment2,403 sq ft⃃ 4,900,000Primary · Ready
07/06/2016Al Badia Residences Buildings 113 beds · Apartment3,116 sq ft⃃ 4,752,000Primary · Ready
04/05/2016Al Badia Residences Buildings 83 beds · Apartment5,473 sq ft⃃ 4,500,000Resale · Ready
12/05/2016Al Badia Residences Buildings 103 beds · Apartment3,239 sq ft⃃ 4,000,000Resale · Ready
05/10/2016Al Badia Hillside 43 beds · Apartment3,957 sq ft⃃ 3,850,000Primary · Ready
06/03/2016Al Badia Hillside 33 beds · Apartment2,609 sq ft⃃ 3,530,000Primary · Ready
07/06/2016Al Badia Hillside 13 beds · Apartment2,337 sq ft⃃ 3,474,000Primary · Ready
27/09/2016Al Badia Hillside 73 beds · Apartment2,516 sq ft⃃ 3,407,000Primary · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
28/12/2016Marsa Plaza - Core 12 beds · Apartment2,032 sq ft⃃ 3,400,000Primary · Ready
26/12/2016Marsa Plaza - Core 22 beds · Apartment1,684 sq ft⃃ 3,005,000Primary · Ready
18/12/2016Al Badia Residences Buildings 82 beds · Apartment1,923 sq ft⃃ 2,633,300Primary · Ready
08/12/2016Marsa Plaza - Core 21 bed · Apartment1,008 sq ft⃃ 1,882,000Primary · Ready
05/12/2016Al Badia Hillside 61 bed · Apartment1,459 sq ft⃃ 2,158,000Primary · Ready
30/11/2016Al Badia Residences Buildings 112 beds · Apartment1,645 sq ft⃃ 2,369,800Primary · Ready
10/11/2016Al Badia Residences Buildings 113 beds · Apartment2,594 sq ft⃃ 3,200,000Primary · Ready
10/11/2016Marsa Plaza - Core 21 bed · Apartment1,007 sq ft⃃ 1,830,000Primary · Ready
03/11/2016Al Badia Residences Buildings 112 beds · Apartment1,645 sq ft⃃ 2,438,650Primary · Ready
31/10/2016Al Badia Residences Buildings 82 beds · Apartment1,837 sq ft⃃ 2,580,000Primary · 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/festival-city/2016
Festival City Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/festival-city/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 Festival City in 2016?
42 property sales worth ⃃ 131,508,750 were registered in Festival City in 2016. That is 35.5% higher than 2015.
What was the median property price in Festival City in 2016?
The median sale price was ⃃ 2,975,000 and the median price per square foot ⃃ 1,369 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Festival City were off-plan or from developers?
Developer (primary) sales were 69% of the 42 sales and resales 31%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/festival-city/2016