Building · Transactions · 2019

Palace Tower T2 Property Transactions 2019

17 property sales worth ⃃ 6.32M were registered in Palace Tower T2 in 2019, 13.3% higher than 2018 by number of sales. The median sale price was ⃃ 300,000 and the median price per square foot ⃃ 626 (−16.0% on 2018).

Period: 1 Jan – 31 Dec 2019Compared with: 2018Sample: 17 salesUpdated: 18 Oct 2026
Property sales
17
+13.3% vs 2018
1 Jan – 31 Dec 2019
Total value
⃃ 6.32M
−7.0% vs 2018
1 Jan – 31 Dec 2019
Median sale price
⃃ 300,000
−23.1% vs 2018
17 sales
Median price per sq ft
⃃ 626
−16.0% vs 2018
17 sales

What types of property sold in Palace Tower T2 in 2019?

1 Jan – 31 Dec 2019

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments17100%⃃ 6.32M⃃ 300,000⃃ 626

How were 2019 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)211.8%⃃ 714K⃃ 357,000⃃ 716
Resale (secondary)1588.2%⃃ 5.6M⃃ 300,000⃃ 626
Ready17100%⃃ 6.32M⃃ 300,000⃃ 626

How many rental contracts were registered in Palace Tower T2 in 2019?

228 rental contracts (new and renewed) were registered in Palace Tower T2 in 2019, at a median annual rent of ⃃ 33,000 (−13.2% on 2018). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2019?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/05/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 645,000Resale · Ready
02/04/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 625,000Resale · Ready
26/09/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 535,000Resale · Ready
20/03/2019Palace Tower T22 beds · Apartment1,023 sq ft⃃ 495,000Resale · Ready
28/05/2019Palace Tower T21 bed · Apartment510 sq ft⃃ 439,000Primary · Ready
21/03/2019Palace Tower T21 bed · Apartment775 sq ft⃃ 410,000Resale · Ready
01/08/2019Palace Tower T21 bed · Apartment794 sq ft⃃ 380,000Resale · Ready
21/03/2019Palace Tower T22 beds · Apartment431 sq ft⃃ 315,000Resale · Ready
23/01/2019Palace Tower T22 beds · Apartment431 sq ft⃃ 300,000Resale · Ready
05/11/2019Palace Tower T2Studio · Apartment482 sq ft⃃ 280,000Resale · Ready

What were the last registered sales of 2019?

DatePropertyTypeSizePriceMarket
24/11/2019Palace Tower T21 bed · Apartment431 sq ft⃃ 275,000Resale · Ready
10/11/2019Palace Tower T2Studio · Apartment344 sq ft⃃ 275,000Resale · Ready
05/11/2019Palace Tower T2Studio · Apartment482 sq ft⃃ 280,000Resale · Ready
24/10/2019Palace Tower T22 beds · Apartment482 sq ft⃃ 275,000Primary · Ready
26/09/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 535,000Resale · Ready
01/08/2019Palace Tower T21 bed · Apartment794 sq ft⃃ 380,000Resale · Ready
18/07/2019Palace Tower T2Studio · Apartment470 sq ft⃃ 265,000Resale · Ready
11/06/2019Palace Tower T22 beds · Apartment473 sq ft⃃ 264,000Resale · Ready
28/05/2019Palace Tower T21 bed · Apartment510 sq ft⃃ 439,000Primary · Ready
20/05/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 645,000Resale · 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 2019 with the whole of 2018.
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-t2/2019
Palace Tower T2 Property Transactions 2019. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2019

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 2019?
17 property sales worth ⃃ 6,317,685 were registered in Palace Tower T2 in 2019. That is 13.3% higher than 2018.
What was the median property price in Palace Tower T2 in 2019?
The median sale price was ⃃ 300,000 and the median price per square foot ⃃ 626 (1 Jan – 31 Dec 2019).
What share of 2019 sales in Palace Tower T2 were off-plan or from developers?
Developer (primary) sales were 11.8% of the 17 sales and resales 88.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2019