Project · Transactions · 2023

Palma Residence Property Transactions 2023

17 property sales worth ⃃ 228.94M were registered in Palma Residence in 2023, 41.7% higher than 2022 by number of sales. The median sale price was ⃃ 14,050,000 and the median price per square foot ⃃ 3,736 (+29.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 17 salesUpdated: 19 Oct 2026
Property sales
17
+41.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 228.94M
+79.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 14,050,000
+23.0% vs 2022
17 sales
Median price per sq ft
⃃ 3,736
+29.3% vs 2022
17 sales

What types of property sold in Palma Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments17100%⃃ 228.94M⃃ 14,050,000⃃ 3,736

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)17100%⃃ 228.94M⃃ 14,050,000⃃ 3,736
Ready17100%⃃ 228.94M⃃ 14,050,000⃃ 3,736

How many rental contracts were registered in Palma Residence in 2023?

40 rental contracts (new and renewed) were registered in Palma Residence in 2023, at a median annual rent of ⃃ 433,295 (+8.7% on 2022).

What were the most expensive property sales in Palma Residence in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/03/2023Palma Residence5 beds · Apartment3,283 sq ft⃃ 21,000,000Resale · Ready
17/02/2023Palma Residence5 beds · Apartment4,406 sq ft⃃ 20,200,000Resale · Ready
04/10/2023Palma Residence5 beds · Apartment3,731 sq ft⃃ 19,400,000Resale · Ready
30/05/2023Palma Residence5 beds · Apartment3,455 sq ft⃃ 16,500,000Resale · Ready
02/08/2023Palma Residence5 beds · Apartment4,537 sq ft⃃ 16,168,000Resale · Ready
08/03/2023Palma Residence5 beds · Apartment4,537 sq ft⃃ 15,000,000Resale · Ready
28/04/2023Palma Residence5 beds · Apartment4,100 sq ft⃃ 15,000,000Resale · Ready
26/06/2023Palma Residence5 beds · Apartment3,857 sq ft⃃ 14,050,000Resale · Ready
23/06/2023Palma Residence5 beds · Apartment3,659 sq ft⃃ 14,050,000Resale · Ready
08/02/2023Palma Residence5 beds · Apartment4,631 sq ft⃃ 13,650,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
04/10/2023Palma Residence5 beds · Apartment3,731 sq ft⃃ 19,400,000Resale · Ready
10/08/2023Palma Residence4 beds · Apartment3,730 sq ft⃃ 7,400,000Resale · Ready
04/08/2023Palma Residence4 beds · Apartment3,456 sq ft⃃ 9,020,000Resale · Ready
02/08/2023Palma Residence5 beds · Apartment4,537 sq ft⃃ 16,168,000Resale · Ready
26/06/2023Palma Residence5 beds · Apartment3,857 sq ft⃃ 14,050,000Resale · Ready
23/06/2023Palma Residence5 beds · Apartment3,659 sq ft⃃ 14,050,000Resale · Ready
30/05/2023Palma Residence5 beds · Apartment3,455 sq ft⃃ 16,500,000Resale · Ready
28/04/2023Palma Residence5 beds · Apartment4,100 sq ft⃃ 15,000,000Resale · Ready
18/04/2023Palma Residence4 beds · Apartment3,729 sq ft⃃ 7,750,000Resale · Ready
12/04/2023Palma Residence4 beds · Apartment1,818 sq ft⃃ 7,150,000Resale · 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 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/palma-residence/2023
Palma Residence Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/palma-residence/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 Palma Residence in 2023?
17 property sales worth ⃃ 228,938,000 were registered in Palma Residence in 2023. That is 41.7% higher than 2022.
What was the median property price in Palma Residence in 2023?
The median sale price was ⃃ 14,050,000 and the median price per square foot ⃃ 3,736 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/palma-residence/2023