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Project · Transactions · 2023

Palace Tower Property Transactions 2023

69 property sales worth ⃃ 27.04M were registered in Palace Tower in 2023, 68.3% higher than 2022 by number of sales. The median sale price was ⃃ 331,500 and the median price per square foot ⃃ 638 (+16.1% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 69 salesUpdated: 14 Nov 2026
Property sales
69
+68.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 27.04M
+39.7% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 331,500
+15.9% vs 2022
69 sales
Median price per sq ft
⃃ 638
+16.1% vs 2022
69 sales

What types of property sold in Palace Tower in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5681.2%⃃ 18.69M⃃ 322,500⃃ 672
Commercial1318.8%⃃ 8.35M⃃ 725,000⃃ 385

How were 2023 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)69100%⃃ 27.04M⃃ 331,500⃃ 638
Ready69100%⃃ 27.04M⃃ 331,500⃃ 638

How many rental contracts were registered in Palace Tower in 2023?

330 rental contracts (new and renewed) were registered in Palace Tower in 2023, at a median annual rent of ⃃ 36,850 (+15.2% on 2022). Rental yields in Palace Tower

What were the most expensive property sales in Palace Tower in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
01/09/2023Palace Towers T1Commercial2,205 sq ft⃃ 1,000,000Resale · Ready
07/11/2023Palace Towers T1Commercial2,205 sq ft⃃ 915,000Resale · Ready
21/03/2023Palace Towers T1Commercial2,205 sq ft⃃ 870,000Resale · Ready
25/05/2023Palace Towers T1Commercial2,205 sq ft⃃ 800,000Resale · Ready
20/09/2023Palace Towers T1Commercial1,648 sq ft⃃ 750,000Resale · Ready
12/07/2023Palace Towers T1Commercial2,205 sq ft⃃ 750,000Resale · Ready
02/10/2023Palace Towers T1Commercial1,650 sq ft⃃ 725,000Resale · Ready
16/06/2023Palace Towers T1Commercial2,027 sq ft⃃ 693,534Resale · Ready
05/01/2023Palace Towers T1Commercial1,648 sq ft⃃ 634,480Resale · Ready
20/06/2023Palace Tower T22 beds · Apartment990 sq ft⃃ 630,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
19/12/2023Palace Tower T22 beds · Apartment431 sq ft⃃ 350,000Resale · Ready
11/12/2023Palace Tower T21 bed · Apartment510 sq ft⃃ 345,000Resale · Ready
06/12/2023Palace Tower T21 bed · Apartment431 sq ft⃃ 370,000Resale · Ready
06/12/2023Palace Tower T2Studio · Apartment510 sq ft⃃ 340,000Resale · Ready
24/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 400,000Resale · Ready
14/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 350,000Resale · Ready
13/11/2023Palace Tower T22 beds · Apartment482 sq ft⃃ 340,000Resale · Ready
07/11/2023Palace Towers T1Commercial2,205 sq ft⃃ 915,000Resale · Ready
06/11/2023Palace Tower T22 beds · Apartment510 sq ft⃃ 400,000Resale · Ready
30/10/2023Palace Tower T22 beds · Apartment459 sq ft⃃ 330,000Resale · 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 2023 with the whole of 2022.
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/2023
Palace Tower Property Transactions 2023. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-tower/2023

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 2023?
69 property sales worth ⃃ 27,041,593 were registered in Palace Tower in 2023. That is 68.3% higher than 2022.
What was the median property price in Palace Tower in 2023?
The median sale price was ⃃ 331,500 and the median price per square foot ⃃ 638 (1 Jan – 31 Dec 2023).

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-tower/2023