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Project · Transactions · 2020

Palace Tower Property Transactions 2020

15 property sales worth ⃃ 4.71M were registered in Palace Tower in 2020, 37.5% lower than 2019 by number of sales. The median sale price was ⃃ 250,000 and the median price per square foot ⃃ 501 (−11.7% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 15 salesUpdated: 14 Nov 2026
Property sales
15
−37.5% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 4.71M
−62.3% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 250,000
−41.1% vs 2019
15 sales
Median price per sq ft
⃃ 501
−11.7% vs 2019
15 sales

What types of property sold in Palace Tower in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1280%⃃ 3.64M⃃ 245,000⃃ 504
Commercial320%⃃ 1.07M⃃ 273,955⃃ 330

How were 2020 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%⃃ 4.71M⃃ 250,000⃃ 501
Ready15100%⃃ 4.71M⃃ 250,000⃃ 501

How many rental contracts were registered in Palace Tower in 2020?

317 rental contracts (new and renewed) were registered in Palace Tower in 2020, at a median annual rent of ⃃ 30,000 (−16.7% on 2019). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
30/01/2020Palace Towers T1Commercial1,590 sq ft⃃ 600,000Resale · Ready
18/06/2020Palace Tower T22 beds · Apartment990 sq ft⃃ 500,000Resale · Ready
03/03/2020Palace Tower T2Studio · Apartment431 sq ft⃃ 460,000Resale · Ready
29/01/2020Palace Tower T21 bed · Apartment794 sq ft⃃ 400,000Resale · Ready
09/02/2020Palace Tower T21 bed · Apartment794 sq ft⃃ 365,000Resale · Ready
22/06/2020Palace Tower T21 bed · Apartment826 sq ft⃃ 365,000Resale · Ready
19/10/2020Palace Towers T1Commercial1,659 sq ft⃃ 273,955Resale · Ready
12/03/2020Palace Tower T22 beds · Apartment431 sq ft⃃ 250,000Resale · Ready
12/11/2020Palace Tower T2Studio · Apartment510 sq ft⃃ 240,000Resale · Ready
24/11/2020Palace Tower T22 beds · Apartment459 sq ft⃃ 230,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
10/12/2020Palace Tower T21 bed · Apartment344 sq ft⃃ 205,000Resale · Ready
24/11/2020Palace Tower T22 beds · Apartment459 sq ft⃃ 230,000Resale · Ready
19/11/2020Palace Tower T2Studio · Apartment482 sq ft⃃ 200,000Resale · Ready
16/11/2020Palace Tower T2Studio · Apartment470 sq ft⃃ 215,000Resale · Ready
12/11/2020Palace Tower T2Studio · Apartment510 sq ft⃃ 240,000Resale · Ready
19/10/2020Palace Towers T1Commercial1,659 sq ft⃃ 192,508Resale · Ready
19/10/2020Palace Towers T1Commercial1,659 sq ft⃃ 273,955Resale · Ready
22/06/2020Palace Tower T21 bed · Apartment826 sq ft⃃ 365,000Resale · Ready
18/06/2020Palace Tower T22 beds · Apartment990 sq ft⃃ 500,000Resale · Ready
18/06/2020Palace Tower T2Studio · Apartment344 sq ft⃃ 210,000Resale · 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 2020 with the whole of 2019.
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/2020
Palace Tower Property Transactions 2020. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2020

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 2020?
15 property sales worth ⃃ 4,706,463 were registered in Palace Tower in 2020. That is 37.5% lower than 2019.
What was the median property price in Palace Tower in 2020?
The median sale price was ⃃ 250,000 and the median price per square foot ⃃ 501 (1 Jan – 31 Dec 2020).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower/2020