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Project · Transactions · 2016

Fortune Tower Property Transactions 2016

21 property sales worth ⃃ 17.9M were registered in Fortune Tower in 2016, 16.7% higher than 2015 by number of sales. The median sale price was ⃃ 775,000 and the median price per square foot ⃃ 750 (+44.5% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 21 salesUpdated: 13 Nov 2026
Property sales
21
+16.7% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 17.9M
+25.6% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 775,000
−1.3% vs 2015
21 sales
Median price per sq ft
⃃ 750
+44.5% vs 2015
21 sales

What types of property sold in Fortune Tower in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial21100%⃃ 17.9M⃃ 775,000⃃ 750

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)942.9%⃃ 5.98M⃃ 493,913⃃ 477
Resale (secondary)1257.1%⃃ 11.92M⃃ 925,000⃃ 928
Ready21100%⃃ 17.9M⃃ 775,000⃃ 750

How many rental contracts were registered in Fortune Tower in 2016?

85 rental contracts (new and renewed) were registered in Fortune Tower in 2016, at a median annual rent of ⃃ 85,000 (−1.3% on 2015). Rental yields in Fortune Tower

What were the most expensive property sales in Fortune Tower in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
07/02/2016Fortune TowerCommercial1,957 sq ft⃃ 1,800,000Resale · Ready
13/03/2016Fortune TowerCommercial2,058 sq ft⃃ 1,600,000Primary · Ready
27/07/2016Fortune TowerCommercial974 sq ft⃃ 1,200,000Resale · Ready
19/10/2016Fortune TowerCommercial1,030 sq ft⃃ 1,150,000Resale · Ready
05/04/2016Fortune TowerCommercial1,050 sq ft⃃ 1,150,000Resale · Ready
25/01/2016Fortune TowerCommercial1,067 sq ft⃃ 1,000,000Resale · Ready
27/11/2016Fortune TowerCommercial1,857 sq ft⃃ 961,000Primary · Ready
21/08/2016Fortune TowerCommercial1,853 sq ft⃃ 959,065Primary · Ready
31/01/2016Fortune TowerCommercial941 sq ft⃃ 950,000Resale · Ready
14/03/2016Fortune TowerCommercial1,849 sq ft⃃ 900,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
04/12/2016Fortune TowerCommercial1,040 sq ft⃃ 336,775Primary · Ready
04/12/2016Fortune TowerCommercial974 sq ft⃃ 382,230Primary · Ready
04/12/2016Fortune TowerCommercial856 sq ft⃃ 408,135Primary · Ready
04/12/2016Fortune TowerCommercial1,040 sq ft⃃ 337,125Primary · Ready
27/11/2016Fortune TowerCommercial1,857 sq ft⃃ 961,000Primary · Ready
23/10/2016Fortune TowerCommercial941 sq ft⃃ 770,000Resale · Ready
19/10/2016Fortune TowerCommercial1,030 sq ft⃃ 1,150,000Resale · Ready
03/10/2016Fortune TowerCommercial941 sq ft⃃ 775,000Resale · Ready
03/10/2016Fortune TowerCommercial974 sq ft⃃ 730,500Resale · Ready
20/09/2016Fortune TowerCommercial801 sq ft⃃ 760,000Resale · 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/fortune-tower/2016
Fortune Tower Property Transactions 2016. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/fortune-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 Fortune Tower in 2016?
21 property sales worth ⃃ 17,896,666 were registered in Fortune Tower in 2016. That is 16.7% higher than 2015.
What was the median property price in Fortune Tower in 2016?
The median sale price was ⃃ 775,000 and the median price per square foot ⃃ 750 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Fortune Tower were off-plan or from developers?
Developer (primary) sales were 42.9% of the 21 sales and resales 57.1%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/fortune-tower/2016