Area · Transactions · 2016

Downtown Dubai Property Transactions 2016

1,914 property sales worth ⃃ 6.3B were registered in Downtown Dubai in 2016, 11.9% lower than 2015 by number of sales. The median sale price was ⃃ 2,500,000 and the median price per square foot ⃃ 2,315 (+7.6% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 1,914 salesUpdated: 12 Nov 2026
Property sales
1,914
−11.9% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 6.3B
−36.5% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 2,500,000
−13.1% vs 2015
1,914 sales
Median price per sq ft
⃃ 2,315
+7.6% vs 2015
1,914 sales

What types of property sold in Downtown Dubai in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1,89899.2%⃃ 6.1B⃃ 2,500,000⃃ 2,310
Commercial140.7%⃃ 147.94M⃃ 10,261,444⃃ 2,807

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)1,14459.8%⃃ 4.2B⃃ 2,917,358⃃ 2,562
Resale (secondary)77040.2%⃃ 2.1B⃃ 2,132,601⃃ 2,046
Off-plan1,25065.3%⃃ 4.5B⃃ 2,983,939⃃ 2,522
Ready66434.7%⃃ 1.8B⃃ 2,014,444⃃ 1,978

How many rental contracts were registered in Downtown Dubai in 2016?

4,781 rental contracts (new and renewed) were registered in Downtown Dubai in 2016, at a median annual rent of ⃃ 140,000 (−6.7% on 2015). Rental yields in Downtown Dubai

What were the most expensive property sales in Downtown Dubai in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/10/2016Burj KhalifaPlot32,796 sq ft⃃ 54,800,000Resale · Ready
29/06/2016Il Primo5 beds · Apartment11,333 sq ft⃃ 43,628,888Primary · Off-plan
24/07/2016The Address Residences Dubai Opera T15 beds · Apartment10,625 sq ft⃃ 42,142,888Primary · Off-plan
19/07/2016The Address Residences Dubai Opera T14 beds · Apartment6,973 sq ft⃃ 27,386,888Primary · Off-plan
19/07/2016The Address Residences Dubai Opera T14 beds · Apartment6,484 sq ft⃃ 25,681,888Primary · Off-plan
11/08/2016Burj Lake Hotel - The Address Downtown4 beds · Apartment4,769 sq ft⃃ 25,250,000Resale · Ready
13/06/2016Address Residences Sky View4 beds · Apartment7,607 sq ft⃃ 24,935,888Primary · Off-plan
19/07/2016The Address Residences Dubai Opera T15 beds · Apartment6,179 sq ft⃃ 24,734,888Primary · Off-plan
28/07/2016The Address Residences Dubai Opera T15 beds · Apartment6,119 sq ft⃃ 24,575,888Primary · Off-plan
24/07/2016The Address Residences Dubai Opera T15 beds · Apartment5,962 sq ft⃃ 22,771,888Primary · Off-plan

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
28/12/2016The Address Residence Fountain Views 21 bed · Apartment852 sq ft⃃ 2,501,865Resale · Off-plan
28/12/2016Bd 29 Blvd T21 bed · Apartment1,045 sq ft⃃ 2,562,994Primary · Ready
28/12/2016Burj Khalifa1 bed · Apartment1,181 sq ft⃃ 6,000,000Resale · Ready
28/12/20168 Blvd WalkStudio · Apartment543 sq ft⃃ 900,000Resale · Ready
28/12/2016Burj Khalifa1 bed · Apartment1,378 sq ft⃃ 2,800,000Resale · Ready
27/12/2016The Address Residence Fountain Views 11 bed · Apartment841 sq ft⃃ 2,377,871Resale · Off-plan
27/12/2016Bahwan Tower2 beds · Apartment1,509 sq ft⃃ 2,150,000Primary · Off-plan
27/12/2016South Ridge 61 bed · Apartment1,060 sq ft⃃ 1,060,029Resale · Ready
27/12/2016South Ridge 61 bed · Apartment1,060 sq ft⃃ 1,060,029Resale · Ready
27/12/2016South Ridge 61 bed · Apartment915 sq ft⃃ 915,039Resale · 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/downtown-dubai/2016
Downtown Dubai Property Transactions 2016. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/downtown-dubai/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 Downtown Dubai in 2016?
1,914 property sales worth ⃃ 6,343,811,233 were registered in Downtown Dubai in 2016. That is 11.9% lower than 2015.
What was the median property price in Downtown Dubai in 2016?
The median sale price was ⃃ 2,500,000 and the median price per square foot ⃃ 2,315 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Downtown Dubai were off-plan or from developers?
Developer (primary) sales were 59.8% of the 1,914 sales and resales 40.2%. Off-plan units made up 65.3% and ready units 34.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/downtown-dubai/2016