Project · Transactions · 2018

Palace Tower Property Transactions 2018

25 property sales worth ⃃ 15.58M were registered in Palace Tower in 2018, 32.4% lower than 2017 by number of sales. The median sale price was ⃃ 590,000 and the median price per square foot ⃃ 607 (−32.9% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 25 salesUpdated: 18 Oct 2026
Property sales
25
−32.4% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 15.58M
−16.9% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 590,000
+34.1% vs 2017
25 sales
Median price per sq ft
⃃ 607
−32.9% vs 2017
25 sales

What types of property sold in Palace Tower in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1560%⃃ 6.79M⃃ 390,000⃃ 745
Commercial1040%⃃ 8.79M⃃ 875,000⃃ 437

How were 2018 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%⃃ 3.31M⃃ 713,250⃃ 350
Resale (secondary)2184%⃃ 12.27M⃃ 485,000⃃ 635
Ready25100%⃃ 15.58M⃃ 590,000⃃ 607

How many rental contracts were registered in Palace Tower in 2018?

300 rental contracts (new and renewed) were registered in Palace Tower in 2018, at a median annual rent of ⃃ 42,000 (−23.6% on 2017). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/06/2018Palace Towers T1Commercial4,162 sq ft⃃ 1,352,650Primary · Ready
13/03/2018Palace Towers T1Commercial2,205 sq ft⃃ 1,100,000Resale · Ready
13/03/2018Palace Towers T1Commercial2,027 sq ft⃃ 1,025,000Resale · Ready
09/07/2018Palace Towers T1Commercial1,647 sq ft⃃ 1,000,000Resale · Ready
20/06/2018Palace Towers T1Commercial1,777 sq ft⃃ 900,000Resale · Ready
23/12/2018Palace Towers T1Commercial1,648 sq ft⃃ 850,000Resale · Ready
09/01/2018Palace Tower T22 beds · Apartment947 sq ft⃃ 780,000Resale · Ready
11/07/2018Palace Towers T1Commercial2,027 sq ft⃃ 760,125Primary · Ready
22/03/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 750,000Resale · Ready
08/07/2018Palace Towers T1Commercial1,777 sq ft⃃ 666,375Primary · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
23/12/2018Palace Towers T1Commercial1,648 sq ft⃃ 850,000Resale · Ready
29/11/2018Palace Tower T2Studio · Apartment344 sq ft⃃ 300,000Resale · Ready
29/11/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 590,000Resale · Ready
06/11/2018Palace Tower T2Studio · Apartment344 sq ft⃃ 315,000Resale · Ready
21/10/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 450,000Resale · Ready
10/10/2018Palace Tower T22 beds · Apartment344 sq ft⃃ 280,000Resale · Ready
09/09/2018Palace Tower T2Studio · Apartment470 sq ft⃃ 350,000Resale · Ready
09/09/2018Palace Towers T1Commercial2,205 sq ft⃃ 600,000Resale · Ready
01/09/2018Palace Tower T22 beds · Apartment1,023 sq ft⃃ 650,000Resale · Ready
28/08/2018Palace Tower T2Studio · Apartment431 sq ft⃃ 350,000Resale · 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 2018 with the whole of 2017.
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/2018
Palace Tower Property Transactions 2018. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2018

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 in 2018?
25 property sales worth ⃃ 15,579,425 were registered in Palace Tower in 2018. That is 32.4% lower than 2017.
What was the median property price in Palace Tower in 2018?
The median sale price was ⃃ 590,000 and the median price per square foot ⃃ 607 (1 Jan – 31 Dec 2018).
What share of 2018 sales in Palace Tower 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/2018