Project · Transactions · 2016

The Residences Downtown Property Transactions 2016

40 property sales worth ⃃ 138.21M were registered in The Residences Downtown in 2016, 51.2% lower than 2015 by number of sales. The median sale price was ⃃ 2,950,000 and the median price per square foot ⃃ 2,130 (−11.6% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 40 salesUpdated: 18 Oct 2026
Property sales
40
−51.2% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 138.21M
−61.0% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 2,950,000
−19.4% vs 2015
40 sales
Median price per sq ft
⃃ 2,130
−11.6% vs 2015
40 sales

What types of property sold in The Residences Downtown in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments40100%⃃ 138.21M⃃ 2,950,000⃃ 2,130

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)37.5%⃃ 4.46M⃃ 1,344,888⃃ 1,694
Resale (secondary)3792.5%⃃ 133.75M⃃ 3,000,000⃃ 2,130
Ready40100%⃃ 138.21M⃃ 2,950,000⃃ 2,130

How many rental contracts were registered in The Residences Downtown in 2016?

472 rental contracts (new and renewed) were registered in The Residences Downtown in 2016, at a median annual rent of ⃃ 170,000 (−2.9% on 2015). Rental yields in The Residences Downtown

What were the most expensive property sales in The Residences Downtown in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
15/11/2016The Residences 84 beds · Apartment3,507 sq ft⃃ 9,500,000Resale · Ready
29/05/2016The Residences 53 beds · Apartment1,838 sq ft⃃ 7,400,000Resale · Ready
21/12/2016The Residences 43 beds · Apartment2,599 sq ft⃃ 7,200,000Resale · Ready
13/12/2016The Residences 13 beds · Apartment2,082 sq ft⃃ 7,000,000Resale · Ready
04/06/2016The Residences 43 beds · Apartment2,379 sq ft⃃ 7,000,000Resale · Ready
21/04/2016The Residences 73 beds · Apartment2,082 sq ft⃃ 6,800,000Resale · Ready
23/06/2016The Residences 43 beds · Apartment2,379 sq ft⃃ 6,650,000Resale · Ready
02/05/2016The Residences 32 beds · Apartment1,478 sq ft⃃ 5,500,000Resale · Ready
19/04/2016The Residences 83 beds · Apartment1,838 sq ft⃃ 4,850,000Resale · Ready
03/04/2016The Residences 83 beds · Apartment1,838 sq ft⃃ 4,500,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
22/12/2016The Residences 51 bed · Apartment906 sq ft⃃ 1,850,000Resale · Ready
21/12/2016The Residences 43 beds · Apartment2,599 sq ft⃃ 7,200,000Resale · Ready
19/12/2016The Residences 11 bed · Apartment915 sq ft⃃ 1,950,000Resale · Ready
13/12/2016The Residences 13 beds · Apartment2,082 sq ft⃃ 7,000,000Resale · Ready
07/12/2016The Residences 81 bed · Apartment1,092 sq ft⃃ 1,850,000Primary · Ready
27/11/2016The Residences 72 beds · Apartment1,452 sq ft⃃ 3,000,000Resale · Ready
27/11/2016The Residences 71 bed · Apartment1,046 sq ft⃃ 1,800,000Resale · Ready
15/11/2016The Residences 84 beds · Apartment3,507 sq ft⃃ 9,500,000Resale · Ready
06/11/2016The Residences 31 bed · Apartment1,023 sq ft⃃ 2,140,000Resale · Ready
12/10/2016The Residences 3Studio · Apartment937 sq ft⃃ 1,800,000Resale · 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/the-residences-downtown/2016
The Residences Downtown Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-residences-downtown/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 Residences Downtown in 2016?
40 property sales worth ⃃ 138,210,176 were registered in The Residences Downtown in 2016. That is 51.2% lower than 2015.
What was the median property price in The Residences Downtown in 2016?
The median sale price was ⃃ 2,950,000 and the median price per square foot ⃃ 2,130 (1 Jan – 31 Dec 2016).
What share of 2016 sales in The Residences Downtown were off-plan or from developers?
Developer (primary) sales were 7.5% of the 40 sales and resales 92.5%. Primary/resale and off-plan/ready are different splits.

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