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Building · Transactions · 2024

Palace Tower T2 Property Transactions 2024

53 property sales worth ⃃ 22.21M were registered in Palace Tower T2 in 2024, 5.4% lower than 2023 by number of sales. The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 850 (+26.5% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 53 salesUpdated: 14 Nov 2026
Property sales
53
−5.4% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 22.21M
+18.9% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 385,000
+19.4% vs 2023
53 sales
Median price per sq ft
⃃ 850
+26.5% vs 2023
53 sales

What types of property sold in Palace Tower T2 in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments53100%⃃ 22.21M⃃ 385,000⃃ 850

How were 2024 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)53100%⃃ 22.21M⃃ 385,000⃃ 850
Ready53100%⃃ 22.21M⃃ 385,000⃃ 850

How many rental contracts were registered in Palace Tower T2 in 2024?

231 rental contracts (new and renewed) were registered in Palace Tower T2 in 2024, at a median annual rent of ⃃ 37,000 (+19.4% on 2023). Rental yields in Palace Tower T2

What were the most expensive property sales in Palace Tower T2 in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/10/2024Palace Tower T22 beds · Apartment990 sq ft⃃ 750,000Resale · Ready
26/06/2024Palace Tower T21 bed · Apartment826 sq ft⃃ 710,010Resale · Ready
07/08/2024Palace Tower T21 bed · Apartment826 sq ft⃃ 703,500Resale · Ready
23/07/2024Palace Tower T22 beds · Apartment990 sq ft⃃ 670,000Resale · Ready
18/01/2024Palace Tower T22 beds · Apartment990 sq ft⃃ 625,000Resale · Ready
09/12/2024Palace Tower T21 bed · Apartment826 sq ft⃃ 570,000Resale · Ready
05/09/2024Palace Tower T21 bed · Apartment826 sq ft⃃ 559,312Resale · Ready
16/07/2024Palace Tower T21 bed · Apartment794 sq ft⃃ 500,000Resale · Ready
20/02/2024Palace Tower T2Studio · Apartment510 sq ft⃃ 500,000Resale · Ready
06/03/2024Palace Tower T21 bed · Apartment786 sq ft⃃ 500,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
30/12/2024Palace Tower T25 beds · Apartment510 sq ft⃃ 360,000Resale · Ready
09/12/2024Palace Tower T21 bed · Apartment826 sq ft⃃ 570,000Resale · Ready
09/12/2024Palace Tower T2Studio · Apartment422 sq ft⃃ 310,000Resale · Ready
09/12/2024Palace Tower T21 bed · Apartment431 sq ft⃃ 320,000Resale · Ready
09/12/2024Palace Tower T21 bed · Apartment420 sq ft⃃ 320,000Resale · Ready
22/11/2024Palace Tower T2Studio · Apartment424 sq ft⃃ 393,000Resale · Ready
21/11/2024Palace Tower T2Studio · Apartment459 sq ft⃃ 425,000Resale · Ready
21/11/2024Palace Tower T21 bed · Apartment510 sq ft⃃ 350,000Resale · Ready
14/11/2024Palace Tower T2Studio · Apartment459 sq ft⃃ 390,000Resale · Ready
12/11/2024Palace Tower T2Studio · Apartment470 sq ft⃃ 385,000Resale · 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 2024 with the whole of 2023.
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-t2/2024
Palace Tower T2 Property Transactions 2024. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2024

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 2024?
53 property sales worth ⃃ 22,214,545 were registered in Palace Tower T2 in 2024. That is 5.4% lower than 2023.
What was the median property price in Palace Tower T2 in 2024?
The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 850 (1 Jan – 31 Dec 2024).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower-t2/2024