Project · Transactions · 2016

The Palm Tower Property Transactions 2016

38 property sales worth ⃃ 88.46M were registered in The Palm Tower in 2016, 78.9% lower than 2015 by number of sales. The median sale price was ⃃ 1,821,500 and the median price per square foot ⃃ 3,275 (+1.7% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 38 salesUpdated: 18 Oct 2026
Property sales
38
−78.9% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 88.46M
−78.8% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 1,821,500
+3.8% vs 2015
38 sales
Median price per sq ft
⃃ 3,275
+1.7% vs 2015
38 sales

What types of property sold in The Palm Tower in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments38100%⃃ 88.46M⃃ 1,821,500⃃ 3,275

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)3694.7%⃃ 82.54M⃃ 1,799,200⃃ 3,267
Resale (secondary)25.3%⃃ 5.93M⃃ 2,962,600⃃ 3,437
Off-plan38100%⃃ 88.46M⃃ 1,821,500⃃ 3,275

What were the most expensive property sales in The Palm Tower in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
13/11/2016The Palm Tower1 bed · Apartment1,117 sq ft⃃ 4,408,900Primary · Off-plan
14/04/2016The Palm Tower1 bed · Apartment1,116 sq ft⃃ 4,199,200Primary · Off-plan
17/11/2016The Palm Tower1 bed · Apartment1,115 sq ft⃃ 4,104,100Primary · Off-plan
19/05/2016The Palm Tower1 bed · Apartment1,113 sq ft⃃ 4,000,000Resale · Off-plan
14/06/2016The Palm Tower1 bed · Apartment1,055 sq ft⃃ 3,921,400Primary · Off-plan
12/12/2016The Palm Tower1 bed · Apartment1,114 sq ft⃃ 3,913,900Primary · Off-plan
11/01/2016The Palm Tower1 bed · Apartment1,075 sq ft⃃ 3,723,700Primary · Off-plan
29/09/2016The Palm Tower1 bed · Apartment1,109 sq ft⃃ 3,390,800Primary · Off-plan
22/12/2016The Palm Tower1 bed · Apartment1,055 sq ft⃃ 3,378,400Primary · Off-plan
17/11/2016The Palm Tower1 bed · Apartment1,064 sq ft⃃ 3,295,700Primary · Off-plan

What were the last registered sales of 2016?

No transactions on record for this selection.

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/the-palm-tower/2016
The Palm Tower Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-palm-tower/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 The Palm Tower in 2016?
38 property sales worth ⃃ 88,464,900 were registered in The Palm Tower in 2016. That is 78.9% lower than 2015.
What was the median property price in The Palm Tower in 2016?
The median sale price was ⃃ 1,821,500 and the median price per square foot ⃃ 3,275 (1 Jan – 31 Dec 2016).
What share of 2016 sales in The Palm Tower were off-plan or from developers?
Developer (primary) sales were 94.7% of the 38 sales and resales 5.3%. Off-plan units made up 100% and ready units —. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-palm-tower/2016