Building · Transactions · 2016

Palace Tower T2 Property Transactions 2016

25 property sales worth ⃃ 11.56M were registered in Palace Tower T2 in 2016, 24.2% lower than 2015 by number of sales. The median sale price was ⃃ 420,000 and the median price per square foot ⃃ 928 (+0.4% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 25 salesUpdated: 18 Oct 2026
Property sales
25
−24.2% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 11.56M
−39.3% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 420,000
−11.6% vs 2015
25 sales
Median price per sq ft
⃃ 928
+0.4% vs 2015
25 sales

What types of property sold in Palace Tower T2 in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments25100%⃃ 11.56M⃃ 420,000⃃ 928

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)416%⃃ 1.85M⃃ 474,436⃃ 995
Resale (secondary)2184%⃃ 9.71M⃃ 420,000⃃ 905
Ready25100%⃃ 11.56M⃃ 420,000⃃ 928

How many rental contracts were registered in Palace Tower T2 in 2016?

130 rental contracts (new and renewed) were registered in Palace Tower T2 in 2016, at a median annual rent of ⃃ 46,500 (+1.1% on 2015). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/03/2016Palace Tower T22 beds · Apartment990 sq ft⃃ 830,000Resale · Ready
25/09/2016Palace Tower T22 beds · Apartment990 sq ft⃃ 775,000Resale · Ready
20/12/2016Palace Tower T21 bed · Apartment762 sq ft⃃ 560,000Resale · Ready
22/12/2016Palace Tower T21 bed · Apartment764 sq ft⃃ 555,000Resale · Ready
21/01/2016Palace Tower T22 beds · Apartment454 sq ft⃃ 518,464Resale · Ready
17/04/2016Palace Tower T21 bed · Apartment475 sq ft⃃ 498,872Primary · Ready
17/04/2016Palace Tower T21 bed · Apartment475 sq ft⃃ 498,872Primary · Ready
18/08/2016Palace Tower T21 bed · Apartment510 sq ft⃃ 450,000Resale · Ready
04/12/2016Palace Tower T2Studio · Apartment482 sq ft⃃ 450,000Primary · Ready
20/07/2016Palace Tower T24 beds · Apartment344 sq ft⃃ 425,000Resale · 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/palace-tower-t2/2016
Palace Tower T2 Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2016

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 Palace Tower T2 in 2016?
25 property sales worth ⃃ 11,563,209 were registered in Palace Tower T2 in 2016. That is 24.2% lower than 2015.
What was the median property price in Palace Tower T2 in 2016?
The median sale price was ⃃ 420,000 and the median price per square foot ⃃ 928 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Palace Tower T2 were off-plan or from developers?
Developer (primary) sales were 16% of the 25 sales and resales 84%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2016