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Building · Transactions · 2018

Palace Tower T2 Property Transactions 2018

15 property sales worth ⃃ 6.79M were registered in Palace Tower T2 in 2018, 53.1% lower than 2017 by number of sales. The median sale price was ⃃ 390,000 and the median price per square foot ⃃ 745 (−20.1% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 15 salesUpdated: 14 Nov 2026
Property sales
15
−53.1% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 6.79M
−53.0% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 390,000
−8.5% vs 2017
15 sales
Median price per sq ft
⃃ 745
−20.1% vs 2017
15 sales

What types of property sold in Palace Tower T2 in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments15100%⃃ 6.79M⃃ 390,000⃃ 745

How were 2018 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
Resale (secondary)15100%⃃ 6.79M⃃ 390,000⃃ 745
Ready15100%⃃ 6.79M⃃ 390,000⃃ 745

How many rental contracts were registered in Palace Tower T2 in 2018?

217 rental contracts (new and renewed) were registered in Palace Tower T2 in 2018, at a median annual rent of ⃃ 38,000 (−12.6% on 2017). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
09/01/2018Palace Tower T22 beds · Apartment947 sq ft⃃ 780,000Resale · Ready
22/03/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 750,000Resale · Ready
01/09/2018Palace Tower T22 beds · Apartment1,023 sq ft⃃ 650,000Resale · Ready
29/11/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 590,000Resale · Ready
30/05/2018Palace Tower T21 bed · Apartment794 sq ft⃃ 485,000Resale · Ready
06/02/2018Palace Tower T21 bed · Apartment794 sq ft⃃ 480,000Resale · Ready
21/10/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 450,000Resale · Ready
28/03/2018Palace Tower T2Studio · Apartment482 sq ft⃃ 390,000Resale · Ready
28/08/2018Palace Tower T2Studio · Apartment431 sq ft⃃ 350,000Resale · Ready
09/09/2018Palace Tower T2Studio · Apartment470 sq ft⃃ 350,000Resale · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
29/11/2018Palace Tower T2Studio · Apartment344 sq ft⃃ 300,000Resale · Ready
29/11/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 590,000Resale · Ready
06/11/2018Palace Tower T2Studio · Apartment344 sq ft⃃ 315,000Resale · Ready
21/10/2018Palace Tower T22 beds · Apartment990 sq ft⃃ 450,000Resale · Ready
10/10/2018Palace Tower T22 beds · Apartment344 sq ft⃃ 280,000Resale · Ready
09/09/2018Palace Tower T2Studio · Apartment470 sq ft⃃ 350,000Resale · Ready
01/09/2018Palace Tower T22 beds · Apartment1,023 sq ft⃃ 650,000Resale · Ready
28/08/2018Palace Tower T2Studio · Apartment431 sq ft⃃ 350,000Resale · Ready
26/06/2018Palace Tower T22 beds · Apartment459 sq ft⃃ 310,000Resale · Ready
30/05/2018Palace Tower T21 bed · Apartment794 sq ft⃃ 485,000Resale · 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 2018 with the whole of 2017.
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/palace-tower-t2/2018
Palace Tower T2 Property Transactions 2018. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2018

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 Palace Tower T2 in 2018?
15 property sales worth ⃃ 6,790,000 were registered in Palace Tower T2 in 2018. That is 53.1% lower than 2017.
What was the median property price in Palace Tower T2 in 2018?
The median sale price was ⃃ 390,000 and the median price per square foot ⃃ 745 (1 Jan – 31 Dec 2018).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2018