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Project · Transactions · 2020

Fortune Tower Property Transactions 2020

7 property sales worth ⃃ 3.53M were registered in Fortune Tower in 2020, 53.3% lower than 2019 by number of sales. The median sale price was ⃃ 500,000 and the median price per square foot ⃃ 483 (−9.0% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 7 salesUpdated: 13 Nov 2026
Property sales
7
−53.3% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 3.53M
−62.3% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 500,000
−1.1% vs 2019
7 sales
Median price per sq ft
⃃ 483
−9.0% vs 2019
7 sales

What types of property sold in Fortune Tower in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial7100%⃃ 3.53M⃃ 500,000⃃ 483

How were 2020 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)114.3%⃃ 464K⃃ 463,979⃃ 455
Resale (secondary)685.7%⃃ 3.07M⃃ 502,996⃃ 498
Ready7100%⃃ 3.53M⃃ 500,000⃃ 483

How many rental contracts were registered in Fortune Tower in 2020?

192 rental contracts (new and renewed) were registered in Fortune Tower in 2020, at a median annual rent of ⃃ 60,000 (−7.7% on 2019). Rental yields in Fortune Tower

What were the most expensive property sales in Fortune Tower in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
21/12/2020Fortune TowerCommercial1,023 sq ft⃃ 646,334Resale · Ready
12/07/2020Fortune TowerCommercial1,067 sq ft⃃ 548,000Resale · Ready
21/12/2020Fortune TowerCommercial801 sq ft⃃ 505,992Resale · Ready
13/02/2020Fortune TowerCommercial1,035 sq ft⃃ 500,000Resale · Ready
19/05/2020Fortune TowerCommercial1,067 sq ft⃃ 500,000Resale · Ready
07/09/2020Fortune TowerCommercial1,019 sq ft⃃ 463,979Primary · Ready
28/07/2020Fortune TowerCommercial941 sq ft⃃ 370,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
21/12/2020Fortune TowerCommercial1,023 sq ft⃃ 646,334Resale · Ready
21/12/2020Fortune TowerCommercial801 sq ft⃃ 505,992Resale · Ready
07/09/2020Fortune TowerCommercial1,019 sq ft⃃ 463,979Primary · Ready
28/07/2020Fortune TowerCommercial941 sq ft⃃ 370,000Resale · Ready
12/07/2020Fortune TowerCommercial1,067 sq ft⃃ 548,000Resale · Ready
19/05/2020Fortune TowerCommercial1,067 sq ft⃃ 500,000Resale · Ready
13/02/2020Fortune TowerCommercial1,035 sq ft⃃ 500,000Resale · 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 2020 with the whole of 2019.
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/2020
Fortune Tower Property Transactions 2020. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/fortune-tower/2020

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 2020?
7 property sales worth ⃃ 3,534,305 were registered in Fortune Tower in 2020. That is 53.3% lower than 2019.
What was the median property price in Fortune Tower in 2020?
The median sale price was ⃃ 500,000 and the median price per square foot ⃃ 483 (1 Jan – 31 Dec 2020).
What share of 2020 sales in Fortune Tower were off-plan or from developers?
Developer (primary) sales were 14.3% of the 7 sales and resales 85.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/fortune-tower/2020