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Project · Transactions · 2017

Palace Tower Property Transactions 2017

37 property sales worth ⃃ 18.74M were registered in Palace Tower in 2017, 5.7% higher than 2016 by number of sales. The median sale price was ⃃ 440,000 and the median price per square foot ⃃ 905 (+2.6% on 2016).

Period: 1 Jan – 31 Dec 2017Compared with: 2016Sample: 37 salesUpdated: 14 Nov 2026
Property sales
37
+5.7% vs 2016
1 Jan – 31 Dec 2017
Total value
⃃ 18.74M
−20.5% vs 2016
1 Jan – 31 Dec 2017
Median sale price
⃃ 440,000
−2.2% vs 2016
37 sales
Median price per sq ft
⃃ 905
+2.6% vs 2016
37 sales

What types of property sold in Palace Tower in 2017?

1 Jan – 31 Dec 2017

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments3286.5%⃃ 14.46M⃃ 426,000⃃ 932
Commercial513.5%⃃ 4.28M⃃ 725,000⃃ 380

How were 2017 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)410.8%⃃ 3.16M⃃ 623,850⃃ 380
Resale (secondary)3389.2%⃃ 15.58M⃃ 427,000⃃ 926
Ready37100%⃃ 18.74M⃃ 440,000⃃ 905

How many rental contracts were registered in Palace Tower in 2017?

287 rental contracts (new and renewed) were registered in Palace Tower in 2017, at a median annual rent of ⃃ 55,000 (−8.3% on 2016). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2017?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/10/2017Palace Towers T1Commercial4,159 sq ft⃃ 1,455,650Primary · Ready
04/12/2017Palace Tower T22 beds · Apartment990 sq ft⃃ 870,000Resale · Ready
11/01/2017Palace Towers T1Commercial1,777 sq ft⃃ 850,000Resale · Ready
09/08/2017Palace Tower T22 beds · Apartment990 sq ft⃃ 800,000Resale · Ready
07/06/2017Palace Towers T1Commercial1,590 sq ft⃃ 725,000Resale · Ready
06/06/2017Palace Towers T1Commercial1,665 sq ft⃃ 632,700Primary · Ready
19/01/2017Palace Tower T21 bed · Apartment826 sq ft⃃ 620,000Resale · Ready
18/06/2017Palace Towers T1Commercial1,618 sq ft⃃ 615,000Primary · Ready
31/05/2017Palace Tower T21 bed · Apartment784 sq ft⃃ 570,000Resale · Ready
10/01/2017Palace Tower T21 bed · Apartment762 sq ft⃃ 550,000Resale · Ready

What were the last registered sales of 2017?

DatePropertyTypeSizePriceMarket
04/12/2017Palace Tower T21 bed · Apartment344 sq ft⃃ 370,000Resale · Ready
04/12/2017Palace Tower T22 beds · Apartment990 sq ft⃃ 870,000Resale · Ready
22/11/2017Palace Tower T22 beds · Apartment344 sq ft⃃ 390,000Resale · Ready
14/11/2017Palace Tower T25 beds · Apartment344 sq ft⃃ 360,000Resale · Ready
13/11/2017Palace Tower T2Studio · Apartment344 sq ft⃃ 300,000Resale · Ready
06/11/2017Palace Tower T2Studio · Apartment459 sq ft⃃ 415,000Resale · Ready
24/10/2017Palace Tower T25 beds · Apartment344 sq ft⃃ 350,000Resale · Ready
24/10/2017Palace Tower T24 beds · Apartment431 sq ft⃃ 390,000Resale · Ready
24/10/2017Palace Tower T24 beds · Apartment431 sq ft⃃ 436,697Resale · Ready
19/10/2017Palace Towers T1Commercial4,159 sq ft⃃ 1,455,650Primary · 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 2017 with the whole of 2016.
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/2017
Palace Tower Property Transactions 2017. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2017

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 in 2017?
37 property sales worth ⃃ 18,738,697 were registered in Palace Tower in 2017. That is 5.7% higher than 2016.
What was the median property price in Palace Tower in 2017?
The median sale price was ⃃ 440,000 and the median price per square foot ⃃ 905 (1 Jan – 31 Dec 2017).
What share of 2017 sales in Palace Tower were off-plan or from developers?
Developer (primary) sales were 10.8% of the 37 sales and resales 89.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower/2017