Project · Transactions · 2016

Park Towers Property Transactions 2016

42 property sales worth ⃃ 61.48M were registered in Park Towers in 2016, 6.7% lower than 2015 by number of sales. The median sale price was ⃃ 1,410,000 and the median price per square foot ⃃ 1,368 (−16.5% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 42 salesUpdated: 17 Oct 2026
Property sales
42
−6.7% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 61.48M
−28.8% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 1,410,000
−11.8% vs 2015
42 sales
Median price per sq ft
⃃ 1,368
−16.5% vs 2015
42 sales

What types of property sold in Park Towers in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments42100%⃃ 61.48M⃃ 1,410,000⃃ 1,368

How were 2016 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)1023.8%⃃ 14.79M⃃ 1,885,000⃃ 1,741
Resale (secondary)3276.2%⃃ 46.69M⃃ 1,395,000⃃ 1,302
Ready42100%⃃ 61.48M⃃ 1,410,000⃃ 1,368

How many rental contracts were registered in Park Towers in 2016?

123 rental contracts (new and renewed) were registered in Park Towers in 2016, at a median annual rent of ⃃ 110,000 (−4.3% on 2015). Rental yields in Park Towers

What were the most expensive property sales in Park Towers in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/12/2016Park Towers-23 beds · Apartment1,931 sq ft⃃ 2,400,000Resale · Ready
26/04/2016Park Towers-22 beds · Apartment1,359 sq ft⃃ 2,378,250Primary · Ready
05/01/2016Park Towers-12 beds · Apartment1,617 sq ft⃃ 2,350,000Resale · Ready
14/07/2016Park Towers-12 beds · Apartment1,592 sq ft⃃ 2,300,000Resale · Ready
18/09/2016Park Towers-12 beds · Apartment1,644 sq ft⃃ 2,300,000Resale · Ready
23/11/2016Park Towers-22 beds · Apartment2,039 sq ft⃃ 2,300,000Resale · Ready
24/02/2016Park Towers-12 beds · Apartment1,258 sq ft⃃ 2,159,000Primary · Ready
11/07/2016Park Towers-21 bed · Apartment1,043 sq ft⃃ 2,079,000Primary · Ready
11/07/2016Park Towers-21 bed · Apartment1,043 sq ft⃃ 2,079,000Primary · Ready
21/08/2016Park Towers-22 beds · Apartment1,557 sq ft⃃ 2,000,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
28/12/2016Park Towers-23 beds · Apartment1,931 sq ft⃃ 2,400,000Resale · Ready
29/11/2016Park Towers-21 bed · Apartment1,002 sq ft⃃ 1,300,000Resale · Ready
23/11/2016Park Towers-22 beds · Apartment2,039 sq ft⃃ 2,300,000Resale · Ready
13/11/2016Park Towers-2Studio · Apartment415 sq ft⃃ 815,000Resale · Ready
30/10/2016Park Towers-11 bed · Apartment1,053 sq ft⃃ 1,375,000Resale · Ready
25/10/2016Park Towers-2Studio · Apartment404 sq ft⃃ 700,000Primary · Ready
25/10/2016Park Towers-21 bed · Apartment1,035 sq ft⃃ 1,420,000Resale · Ready
23/10/2016Park Towers-12 beds · Apartment1,548 sq ft⃃ 1,600,000Resale · Ready
27/09/2016Park Towers-22 beds · Apartment957 sq ft⃃ 1,400,000Resale · Ready
27/09/2016Park Towers-21 bed · Apartment1,030 sq ft⃃ 1,315,000Resale · 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 2016 with the whole of 2015.
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/park-towers/2016
Park Towers Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/park-towers/2016

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 Park Towers in 2016?
42 property sales worth ⃃ 61,476,453 were registered in Park Towers in 2016. That is 6.7% lower than 2015.
What was the median property price in Park Towers in 2016?
The median sale price was ⃃ 1,410,000 and the median price per square foot ⃃ 1,368 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Park Towers were off-plan or from developers?
Developer (primary) sales were 23.8% of the 42 sales and resales 76.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/park-towers/2016