Building · Transactions · 2022

Palace Tower T2 Property Transactions 2022

30 property sales worth ⃃ 9.36M were registered in Palace Tower T2 in 2022, 50.0% higher than 2021 by number of sales. The median sale price was ⃃ 265,000 and the median price per square foot ⃃ 596 (+26.6% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 30 salesUpdated: 18 Oct 2026
Property sales
30
+50.0% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 9.36M
+44.6% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 265,000
−19.7% vs 2021
30 sales
Median price per sq ft
⃃ 596
+26.6% vs 2021
30 sales

What types of property sold in Palace Tower T2 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments30100%⃃ 9.36M⃃ 265,000⃃ 596

How were 2022 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
Resale (secondary)30100%⃃ 9.36M⃃ 265,000⃃ 596
Ready30100%⃃ 9.36M⃃ 265,000⃃ 596

How many rental contracts were registered in Palace Tower T2 in 2022?

223 rental contracts (new and renewed) were registered in Palace Tower T2 in 2022, at a median annual rent of ⃃ 27,000 (+12.5% on 2021). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
14/06/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 750,000Resale · Ready
28/11/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 510,000Resale · Ready
18/10/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 485,000Resale · Ready
06/10/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 455,000Resale · Ready
16/11/2022Palace Tower T21 bed · Apartment786 sq ft⃃ 435,000Resale · Ready
28/07/2022Palace Tower T22 beds · Apartment1,023 sq ft⃃ 435,000Resale · Ready
09/06/2022Palace Tower T21 bed · Apartment826 sq ft⃃ 420,000Resale · Ready
25/10/2022Palace Tower T21 bed · Apartment794 sq ft⃃ 410,000Resale · Ready
27/05/2022Palace Tower T2Studio · Apartment470 sq ft⃃ 320,000Resale · Ready
11/05/2022Palace Tower T2Studio · Apartment459 sq ft⃃ 286,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
26/12/2022Palace Tower T2Studio · Apartment470 sq ft⃃ 280,000Resale · Ready
16/12/2022Palace Tower T2Studio · Apartment482 sq ft⃃ 279,000Resale · Ready
28/11/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 510,000Resale · Ready
17/11/2022Palace Tower T22 beds · Apartment344 sq ft⃃ 250,000Resale · Ready
17/11/2022Palace Tower T22 beds · Apartment431 sq ft⃃ 257,000Resale · Ready
16/11/2022Palace Tower T21 bed · Apartment786 sq ft⃃ 435,000Resale · Ready
14/11/2022Palace Tower T2Studio · Apartment482 sq ft⃃ 250,000Resale · Ready
08/11/2022Palace Tower T2Studio · Apartment344 sq ft⃃ 255,000Resale · Ready
25/10/2022Palace Tower T21 bed · Apartment794 sq ft⃃ 410,000Resale · Ready
18/10/2022Palace Tower T22 beds · Apartment990 sq ft⃃ 485,000Resale · 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 2022 with the whole of 2021.
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-t2/2022
Palace Tower T2 Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2022

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 2022?
30 property sales worth ⃃ 9,361,880 were registered in Palace Tower T2 in 2022. That is 50.0% higher than 2021.
What was the median property price in Palace Tower T2 in 2022?
The median sale price was ⃃ 265,000 and the median price per square foot ⃃ 596 (1 Jan – 31 Dec 2022).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2022