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Building · Transactions · 2016

May Residence Tower 3 Property Transactions 2016

22 property sales worth ⃃ 8.96M were registered in May Residence Tower 3 in 2016, with no comparable figure for 2015 by number of sales. The median sale price was ⃃ 358,500 and the median price per square foot ⃃ 842.

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 22 salesUpdated: 15 Nov 2026
Property sales
22
1 Jan – 31 Dec 2016
Total value
⃃ 8.96M
1 Jan – 31 Dec 2016
Median sale price
⃃ 358,500
22 sales
Median price per sq ft
⃃ 842
22 sales

What types of property sold in May Residence Tower 3 in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments22100%⃃ 8.96M⃃ 358,500⃃ 842

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)22100%⃃ 8.96M⃃ 358,500⃃ 842
Off-plan22100%⃃ 8.96M⃃ 358,500⃃ 842

What were the most expensive property sales in May Residence Tower 3 in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
11/10/2016May Residence Tower 31 bed · Apartment845 sq ft⃃ 710,000Primary · Off-plan
17/07/2016May Residence Tower 31 bed · Apartment706 sq ft⃃ 600,000Primary · Off-plan
12/07/2016May Residence Tower 31 bed · Apartment706 sq ft⃃ 599,000Primary · Off-plan
11/10/2016May Residence Tower 3Studio · Apartment597 sq ft⃃ 470,000Primary · Off-plan
29/06/2016May Residence Tower 3Studio · Apartment602 sq ft⃃ 466,000Primary · Off-plan
17/07/2016May Residence Tower 3Studio · Apartment422 sq ft⃃ 394,000Primary · Off-plan
30/11/2016May Residence Tower 3Studio · Apartment464 sq ft⃃ 386,000Primary · Off-plan
17/07/2016May Residence Tower 3Studio · Apartment415 sq ft⃃ 380,000Primary · Off-plan
31/05/2016May Residence Tower 3Studio · Apartment426 sq ft⃃ 364,000Primary · Off-plan
21/06/2016May Residence Tower 3Studio · Apartment422 sq ft⃃ 361,000Primary · Off-plan

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
30/11/2016May Residence Tower 3Studio · Apartment464 sq ft⃃ 386,000Primary · Off-plan
11/10/2016May Residence Tower 31 bed · Apartment845 sq ft⃃ 710,000Primary · Off-plan
11/10/2016May Residence Tower 3Studio · Apartment415 sq ft⃃ 353,000Primary · Off-plan
11/10/2016May Residence Tower 3Studio · Apartment597 sq ft⃃ 470,000Primary · Off-plan
11/10/2016May Residence Tower 3Studio · Apartment422 sq ft⃃ 357,000Primary · Off-plan
17/07/2016May Residence Tower 3Studio · Apartment415 sq ft⃃ 380,000Primary · Off-plan
17/07/2016May Residence Tower 3Studio · Apartment422 sq ft⃃ 394,000Primary · Off-plan
17/07/2016May Residence Tower 31 bed · Apartment706 sq ft⃃ 600,000Primary · Off-plan
12/07/2016May Residence Tower 31 bed · Apartment706 sq ft⃃ 599,000Primary · Off-plan
29/06/2016May Residence Tower 3Studio · Apartment602 sq ft⃃ 466,000Primary · Off-plan

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/may-residence-tower-3/2016
May Residence Tower 3 Property Transactions 2016. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/may-residence-tower-3/2016

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 May Residence Tower 3 in 2016?
22 property sales worth ⃃ 8,965,000 were registered in May Residence Tower 3 in 2016. That is with no comparable figure for 2015.
What was the median property price in May Residence Tower 3 in 2016?
The median sale price was ⃃ 358,500 and the median price per square foot ⃃ 842 (1 Jan – 31 Dec 2016).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/may-residence-tower-3/2016