Building · Transactions · 2023

Palace Tower T2 Property Transactions 2023

56 property sales worth ⃃ 18.69M were registered in Palace Tower T2 in 2023, 86.7% higher than 2022 by number of sales. The median sale price was ⃃ 322,500 and the median price per square foot ⃃ 672 (+12.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 56 salesUpdated: 18 Oct 2026
Property sales
56
+86.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 18.69M
+99.6% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 322,500
+21.7% vs 2022
56 sales
Median price per sq ft
⃃ 672
+12.7% vs 2022
56 sales

What types of property sold in Palace Tower T2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments56100%⃃ 18.69M⃃ 322,500⃃ 672

How were 2023 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)56100%⃃ 18.69M⃃ 322,500⃃ 672
Ready56100%⃃ 18.69M⃃ 322,500⃃ 672

How many rental contracts were registered in Palace Tower T2 in 2023?

214 rental contracts (new and renewed) were registered in Palace Tower T2 in 2023, at a median annual rent of ⃃ 31,000 (+14.8% on 2022). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/06/2023Palace Tower T22 beds · Apartment990 sq ft⃃ 630,000Resale · Ready
13/06/2023Palace Tower T22 beds · Apartment990 sq ft⃃ 580,000Resale · Ready
17/05/2023Palace Tower T22 beds · Apartment990 sq ft⃃ 560,000Resale · Ready
21/06/2023Palace Tower T21 bed · Apartment826 sq ft⃃ 440,000Resale · Ready
09/10/2023Palace Tower T21 bed · Apartment794 sq ft⃃ 430,000Resale · Ready
20/03/2023Palace Tower T21 bed · Apartment794 sq ft⃃ 420,000Resale · Ready
10/05/2023Palace Tower T21 bed · Apartment826 sq ft⃃ 405,000Resale · Ready
24/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 400,000Resale · Ready
01/08/2023Palace Tower T22 beds · Apartment958 sq ft⃃ 400,000Resale · Ready
06/11/2023Palace Tower T22 beds · Apartment510 sq ft⃃ 400,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
19/12/2023Palace Tower T22 beds · Apartment431 sq ft⃃ 350,000Resale · Ready
11/12/2023Palace Tower T21 bed · Apartment510 sq ft⃃ 345,000Resale · Ready
06/12/2023Palace Tower T21 bed · Apartment431 sq ft⃃ 370,000Resale · Ready
06/12/2023Palace Tower T2Studio · Apartment510 sq ft⃃ 340,000Resale · Ready
24/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 400,000Resale · Ready
14/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 350,000Resale · Ready
13/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 340,000Resale · Ready
06/11/2023Palace Tower T22 beds · Apartment510 sq ft⃃ 400,000Resale · Ready
30/10/2023Palace Tower T22 beds · Apartment459 sq ft⃃ 330,000Resale · Ready
23/10/2023Palace Tower T22 beds · Apartment510 sq ft⃃ 340,000Resale · 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 2023 with the whole of 2022.
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-t2/2023
Palace Tower T2 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2023

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 2023?
56 property sales worth ⃃ 18,687,899 were registered in Palace Tower T2 in 2023. That is 86.7% higher than 2022.
What was the median property price in Palace Tower T2 in 2023?
The median sale price was ⃃ 322,500 and the median price per square foot ⃃ 672 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2023