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Building · Transactions · 2024

Palace Towers T1 Property Transactions 2024

14 property sales worth ⃃ 14.77M were registered in Palace Towers T1 in 2024, 7.7% higher than 2023 by number of sales. The median sale price was ⃃ 1,061,022 and the median price per square foot ⃃ 577 (+49.9% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 14 salesUpdated: 15 Nov 2026
Property sales
14
+7.7% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 14.77M
+76.8% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 1,061,022
+46.3% vs 2023
14 sales
Median price per sq ft
⃃ 577
+49.9% vs 2023
14 sales

What types of property sold in Palace Towers T1 in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Commercial14100%⃃ 14.77M⃃ 1,061,022⃃ 577

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)14100%⃃ 14.77M⃃ 1,061,022⃃ 577
Ready14100%⃃ 14.77M⃃ 1,061,022⃃ 577

How many rental contracts were registered in Palace Towers T1 in 2024?

118 rental contracts (new and renewed) were registered in Palace Towers T1 in 2024, at a median annual rent of ⃃ 93,077 (+24.1% on 2023). Rental yields in Palace Towers T1

What were the most expensive property sales in Palace Towers T1 in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
09/07/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,325,000Resale · Ready
28/11/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,300,000Resale · Ready
28/08/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,300,000Resale · Ready
10/12/2024Palace Towers T1Commercial1,777 sq ft⃃ 1,260,000Resale · Ready
23/04/2024Palace Towers T1Commercial2,027 sq ft⃃ 1,165,560Resale · Ready
24/04/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,150,000Resale · Ready
14/05/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,080,000Resale · Ready
19/04/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,042,043Resale · Ready
08/10/2024Palace Towers T1Commercial1,598 sq ft⃃ 1,000,000Resale · Ready
29/04/2024Palace Towers T1Commercial1,647 sq ft⃃ 1,000,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
10/12/2024Palace Towers T1Commercial1,777 sq ft⃃ 1,260,000Resale · Ready
28/11/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,300,000Resale · Ready
12/11/2024Palace Towers T1Commercial1,261 sq ft⃃ 730,000Resale · Ready
08/10/2024Palace Towers T1Commercial1,598 sq ft⃃ 1,000,000Resale · Ready
28/08/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,300,000Resale · Ready
09/07/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,325,000Resale · Ready
20/05/2024Palace Towers T1Commercial1,570 sq ft⃃ 700,000Resale · Ready
14/05/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,080,000Resale · Ready
29/04/2024Palace Towers T1Commercial1,647 sq ft⃃ 1,000,000Resale · Ready
24/04/2024Palace Towers T1Commercial2,205 sq ft⃃ 1,150,000Resale · 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-towers-t1/2024
Palace Towers T1 Property Transactions 2024. DXBinteract, data to 15 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palace-towers-t1/2024

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 Towers T1 in 2024?
14 property sales worth ⃃ 14,770,685 were registered in Palace Towers T1 in 2024. That is 7.7% higher than 2023.
What was the median property price in Palace Towers T1 in 2024?
The median sale price was ⃃ 1,061,022 and the median price per square foot ⃃ 577 (1 Jan – 31 Dec 2024).

Last updated · data to 15 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palace-towers-t1/2024