Project · Transactions · 2022

The Palm Tower Property Transactions 2022

185 property sales worth ⃃ 568.06M were registered in The Palm Tower in 2022, 134.2% higher than 2021 by number of sales. The median sale price was ⃃ 3,368,000 and the median price per square foot ⃃ 3,340 (+11.0% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 185 salesUpdated: 17 Oct 2026
Property sales
185
+134.2% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 568.06M
+121.4% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 3,368,000
+5.6% vs 2021
185 sales
Median price per sq ft
⃃ 3,340
+11.0% vs 2021
185 sales

What types of property sold in The Palm Tower in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments185100%⃃ 568.06M⃃ 3,368,000⃃ 3,340

How were 2022 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)8847.6%⃃ 297.95M⃃ 3,488,000⃃ 3,319
Resale (secondary)9752.4%⃃ 270.11M⃃ 1,850,000⃃ 3,340
Off-plan1910.3%⃃ 54.39M⃃ 3,198,000⃃ 3,156
Ready16689.7%⃃ 513.67M⃃ 3,378,000⃃ 3,365

How many rental contracts were registered in The Palm Tower in 2022?

96 rental contracts (new and renewed) were registered in The Palm Tower in 2022, at a median annual rent of ⃃ 175,000. Rental yields in The Palm Tower

What were the most expensive property sales in The Palm Tower in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
15/03/2022The Palm Tower2 beds · Apartment2,398 sq ft⃃ 13,400,000Resale · Ready
25/07/2022The Palm Tower2 beds · Apartment2,220 sq ft⃃ 11,250,000Resale · Ready
11/10/2022The Palm Tower2 beds · Apartment2,107 sq ft⃃ 10,000,000Resale · Ready
15/12/2022The Palm Tower1 bed · Apartment1,118 sq ft⃃ 4,850,000Resale · Ready
22/12/2022The Palm Tower1 bed · Apartment1,115 sq ft⃃ 4,830,000Resale · Ready
06/12/2022The Palm Tower1 bed · Apartment1,115 sq ft⃃ 4,650,000Resale · Ready
15/11/2022The Palm Tower1 bed · Apartment1,114 sq ft⃃ 4,500,000Resale · Ready
09/06/2022The Palm Tower1 bed · Apartment1,117 sq ft⃃ 4,442,422Resale · Ready
19/10/2022The Palm Tower1 bed · Apartment1,070 sq ft⃃ 4,350,000Resale · Ready
08/04/2022The Palm Tower1 bed · Apartment1,115 sq ft⃃ 4,230,659Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
29/12/2022The Palm TowerStudio · Apartment518 sq ft⃃ 1,700,000Resale · Ready
29/12/2022The Palm TowerStudio · Apartment518 sq ft⃃ 1,700,000Resale · Ready
26/12/2022The Palm Tower1 bed · Apartment1,057 sq ft⃃ 3,650,000Resale · Ready
22/12/2022The Palm Tower1 bed · Apartment1,115 sq ft⃃ 4,830,000Resale · Ready
19/12/2022The Palm TowerStudio · Apartment518 sq ft⃃ 1,850,000Resale · Ready
19/12/2022The Palm Tower1 bed · Apartment1,055 sq ft⃃ 3,758,000Primary · Ready
16/12/2022The Palm Tower1 bed · Apartment1,036 sq ft⃃ 3,688,000Primary · Ready
16/12/2022The Palm Tower1 bed · Apartment1,076 sq ft⃃ 3,500,000Resale · Ready
16/12/2022The Palm Tower1 bed · Apartment1,036 sq ft⃃ 3,608,000Primary · Ready
15/12/2022The Palm Tower1 bed · Apartment1,118 sq ft⃃ 4,850,000Resale · 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 2022 with the whole of 2021.
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/2022
The Palm Tower Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-palm-tower/2022

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 2022?
185 property sales worth ⃃ 568,060,972 were registered in The Palm Tower in 2022. That is 134.2% higher than 2021.
What was the median property price in The Palm Tower in 2022?
The median sale price was ⃃ 3,368,000 and the median price per square foot ⃃ 3,340 (1 Jan – 31 Dec 2022).
What share of 2022 sales in The Palm Tower were off-plan or from developers?
Developer (primary) sales were 47.6% of the 185 sales and resales 52.4%. Off-plan units made up 10.3% and ready units 89.7%. 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/2022