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Project · Transactions · 2019

Palace Tower Property Transactions 2019

24 property sales worth ⃃ 12.49M were registered in Palace Tower in 2019, 4.0% lower than 2018 by number of sales. The median sale price was ⃃ 424,500 and the median price per square foot ⃃ 567 (−6.6% on 2018).

Period: 1 Jan – 31 Dec 2019Compared with: 2018Sample: 24 salesUpdated: 14 Nov 2026
Property sales
24
−4.0% vs 2018
1 Jan – 31 Dec 2019
Total value
⃃ 12.49M
−19.8% vs 2018
1 Jan – 31 Dec 2019
Median sale price
⃃ 424,500
−28.1% vs 2018
24 sales
Median price per sq ft
⃃ 567
−6.6% vs 2018
24 sales

What types of property sold in Palace Tower in 2019?

1 Jan – 31 Dec 2019

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1770.8%⃃ 6.32M⃃ 300,000⃃ 626
Commercial729.2%⃃ 6.17M⃃ 840,000⃃ 385

How were 2019 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)28.3%⃃ 714K⃃ 357,000⃃ 716
Resale (secondary)2291.7%⃃ 11.77M⃃ 452,500⃃ 561
Ready24100%⃃ 12.49M⃃ 424,500⃃ 567

How many rental contracts were registered in Palace Tower in 2019?

309 rental contracts (new and renewed) were registered in Palace Tower in 2019, at a median annual rent of ⃃ 36,000 (−14.3% on 2018). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2019?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
07/07/2019Palace Towers T1Commercial1,648 sq ft⃃ 1,447,002Resale · Ready
08/12/2019Palace Towers T1Commercial2,205 sq ft⃃ 1,200,000Resale · Ready
18/03/2019Palace Towers T1Commercial2,205 sq ft⃃ 900,000Resale · Ready
27/11/2019Palace Towers T1Commercial2,205 sq ft⃃ 840,000Resale · Ready
07/02/2019Palace Towers T1Commercial1,777 sq ft⃃ 684,000Resale · Ready
20/05/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 645,000Resale · Ready
02/04/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 625,000Resale · Ready
01/08/2019Palace Towers T1Commercial1,647 sq ft⃃ 600,000Resale · Ready
26/09/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 535,000Resale · Ready
05/12/2019Palace Towers T1Commercial1,648 sq ft⃃ 500,000Resale · Ready

What were the last registered sales of 2019?

DatePropertyTypeSizePriceMarket
08/12/2019Palace Towers T1Commercial2,205 sq ft⃃ 1,200,000Resale · Ready
05/12/2019Palace Towers T1Commercial1,648 sq ft⃃ 500,000Resale · Ready
27/11/2019Palace Towers T1Commercial2,205 sq ft⃃ 840,000Resale · Ready
24/11/2019Palace Tower T21 bed · Apartment431 sq ft⃃ 275,000Resale · Ready
10/11/2019Palace Tower T2Studio · Apartment344 sq ft⃃ 275,000Resale · Ready
05/11/2019Palace Tower T2Studio · Apartment482 sq ft⃃ 280,000Resale · Ready
24/10/2019Palace Tower T22 beds · Apartment482 sq ft⃃ 275,000Primary · Ready
26/09/2019Palace Tower T22 beds · Apartment990 sq ft⃃ 535,000Resale · Ready
01/08/2019Palace Tower T21 bed · Apartment794 sq ft⃃ 380,000Resale · Ready
01/08/2019Palace Towers T1Commercial1,647 sq ft⃃ 600,000Resale · 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 2019 with the whole of 2018.
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/2019
Palace Tower Property Transactions 2019. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2019

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 2019?
24 property sales worth ⃃ 12,488,687 were registered in Palace Tower in 2019. That is 4.0% lower than 2018.
What was the median property price in Palace Tower in 2019?
The median sale price was ⃃ 424,500 and the median price per square foot ⃃ 567 (1 Jan – 31 Dec 2019).
What share of 2019 sales in Palace Tower were off-plan or from developers?
Developer (primary) sales were 8.3% of the 24 sales and resales 91.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower/2019