Building · Transactions · 2016

Prime Residency2 Property Transactions 2016

16 property sales worth ⃃ 9.81M were registered in Prime Residency2 in 2016, 15.8% lower than 2015 by number of sales. The median sale price was ⃃ 522,500 and the median price per square foot ⃃ 818 (−2.5% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 16 salesUpdated: 19 Oct 2026
Property sales
16
−15.8% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 9.81M
−24.9% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 522,500
−7.5% vs 2015
16 sales
Median price per sq ft
⃃ 818
−2.5% vs 2015
16 sales

What types of property sold in Prime Residency2 in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1593.8%⃃ 8.27M⃃ 520,000⃃ 819
Commercial16.3%⃃ 1.54M⃃ 1,540,000⃃ 800

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)16.3%⃃ 535K⃃ 535,000⃃ 832
Resale (secondary)1593.8%⃃ 9.27M⃃ 520,000⃃ 816
Ready16100%⃃ 9.81M⃃ 522,500⃃ 818

How many rental contracts were registered in Prime Residency2 in 2016?

112 rental contracts (new and renewed) were registered in Prime Residency2 in 2016, at a median annual rent of ⃃ 52,000 (−1.0% on 2015). Rental yields in Prime Residency2

What were the most expensive property sales in Prime Residency2 in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
10/08/2016Prime Residency2Commercial1,925 sq ft⃃ 1,540,000Resale · Ready
03/01/2016Prime Residency22 beds · Apartment985 sq ft⃃ 800,000Resale · Ready
01/05/2016Prime Residency22 beds · Apartment968 sq ft⃃ 800,000Resale · Ready
23/05/2016Prime Residency21 bed · Apartment643 sq ft⃃ 535,000Primary · Ready
13/06/2016Prime Residency21 bed · Apartment647 sq ft⃃ 530,000Resale · Ready
13/12/2016Prime Residency21 bed · Apartment643 sq ft⃃ 525,000Resale · Ready
01/08/2016Prime Residency21 bed · Apartment632 sq ft⃃ 525,000Resale · Ready
24/04/2016Prime Residency21 bed · Apartment622 sq ft⃃ 525,000Resale · Ready
03/10/2016Prime Residency21 bed · Apartment608 sq ft⃃ 520,000Resale · Ready
20/07/2016Prime Residency21 bed · Apartment633 sq ft⃃ 520,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
13/12/2016Prime Residency21 bed · Apartment643 sq ft⃃ 525,000Resale · Ready
30/10/2016Prime Residency21 bed · Apartment636 sq ft⃃ 495,000Resale · Ready
03/10/2016Prime Residency21 bed · Apartment608 sq ft⃃ 520,000Resale · Ready
10/08/2016Prime Residency2Commercial1,925 sq ft⃃ 1,540,000Resale · Ready
01/08/2016Prime Residency21 bed · Apartment632 sq ft⃃ 525,000Resale · Ready
20/07/2016Prime Residency21 bed · Apartment633 sq ft⃃ 520,000Resale · Ready
13/06/2016Prime Residency21 bed · Apartment647 sq ft⃃ 530,000Resale · Ready
23/05/2016Prime Residency21 bed · Apartment643 sq ft⃃ 535,000Primary · Ready
03/05/2016Prime Residency21 bed · Apartment647 sq ft⃃ 490,000Resale · Ready
01/05/2016Prime Residency22 beds · Apartment968 sq ft⃃ 800,000Resale · 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/prime-residency2/2016
Prime Residency2 Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/prime-residency2/2016

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 Prime Residency2 in 2016?
16 property sales worth ⃃ 9,807,000 were registered in Prime Residency2 in 2016. That is 15.8% lower than 2015.
What was the median property price in Prime Residency2 in 2016?
The median sale price was ⃃ 522,500 and the median price per square foot ⃃ 818 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Prime Residency2 were off-plan or from developers?
Developer (primary) sales were 6.3% of the 16 sales and resales 93.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/prime-residency2/2016