Project · Transactions · 2021

Palace Tower Property Transactions 2021

35 property sales worth ⃃ 15.46M were registered in Palace Tower in 2021, 133.3% higher than 2020 by number of sales. The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 464 (−7.4% on 2020).

Period: 1 Jan – 31 Dec 2021Compared with: 2020Sample: 35 salesUpdated: 18 Oct 2026
Property sales
35
+133.3% vs 2020
1 Jan – 31 Dec 2021
Total value
⃃ 15.46M
+228.5% vs 2020
1 Jan – 31 Dec 2021
Median sale price
⃃ 385,000
+54.0% vs 2020
35 sales
Median price per sq ft
⃃ 464
−7.4% vs 2020
35 sales

What types of property sold in Palace Tower in 2021?

1 Jan – 31 Dec 2021

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments2057.1%⃃ 6.47M⃃ 330,000⃃ 470
Commercial1542.9%⃃ 8.99M⃃ 550,000⃃ 355

How were 2021 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)35100%⃃ 15.46M⃃ 385,000⃃ 464
Ready35100%⃃ 15.46M⃃ 385,000⃃ 464

How many rental contracts were registered in Palace Tower in 2021?

294 rental contracts (new and renewed) were registered in Palace Tower in 2021, at a median annual rent of ⃃ 30,000 (0.0% on 2020). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2021?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
20/06/2021Palace Towers T1Commercial3,067 sq ft⃃ 1,500,000Resale · Ready
20/10/2021Palace Towers T1Commercial2,205 sq ft⃃ 1,150,000Resale · Ready
03/03/2021Palace Towers T1Commercial2,027 sq ft⃃ 800,000Resale · Ready
04/01/2021Palace Towers T1Commercial2,027 sq ft⃃ 720,000Resale · Ready
23/05/2021Palace Towers T1Commercial2,205 sq ft⃃ 674,730Resale · Ready
04/11/2021Palace Towers T1Commercial2,205 sq ft⃃ 600,000Resale · Ready
17/02/2021Palace Towers T1Commercial2,027 sq ft⃃ 600,000Resale · Ready
06/04/2021Palace Towers T1Commercial2,027 sq ft⃃ 550,000Resale · Ready
14/06/2021Palace Tower T21 bed · Apartment826 sq ft⃃ 480,000Resale · Ready
09/06/2021Palace Tower T22 beds · Apartment990 sq ft⃃ 470,000Resale · Ready

What were the last registered sales of 2021?

DatePropertyTypeSizePriceMarket
27/12/2021Palace Towers T3Commercial477 sq ft⃃ 281,436Resale · Ready
27/12/2021Palace Towers T3Commercial492 sq ft⃃ 284,857Resale · Ready
27/12/2021Palace Towers T3Commercial477 sq ft⃃ 297,000Resale · Ready
20/12/2021Palace Towers T3Commercial469 sq ft⃃ 230,120Resale · Ready
24/11/2021Palace Tower T22 beds · Apartment990 sq ft⃃ 450,000Resale · Ready
07/11/2021Palace Tower T22 beds · Apartment990 sq ft⃃ 455,000Resale · Ready
04/11/2021Palace Towers T1Commercial2,205 sq ft⃃ 600,000Resale · Ready
03/11/2021Palace Tower T2Studio · Apartment459 sq ft⃃ 255,000Resale · Ready
01/11/2021Palace Tower T21 bed · Apartment826 sq ft⃃ 350,000Resale · Ready
20/10/2021Palace Towers T1Commercial2,205 sq ft⃃ 1,150,000Resale · 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 2021 with the whole of 2020.
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/2021
Palace Tower Property Transactions 2021. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2021

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 2021?
35 property sales worth ⃃ 15,460,713 were registered in Palace Tower in 2021. That is 133.3% higher than 2020.
What was the median property price in Palace Tower in 2021?
The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 464 (1 Jan – 31 Dec 2021).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower/2021