Project · Transactions · 2018

Park Lane Tower Property Transactions 2018

31 property sales worth ⃃ 16.16M were registered in Park Lane Tower in 2018, 76.7% lower than 2017 by number of sales. The median sale price was ⃃ 425,000 and the median price per square foot ⃃ 800 (−8.2% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 31 salesUpdated: 13 Nov 2026
Property sales
31
−76.7% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 16.16M
−78.1% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 425,000
−1.1% vs 2017
31 sales
Median price per sq ft
⃃ 800
−8.2% vs 2017
31 sales

What types of property sold in Park Lane Tower in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments516.1%⃃ 2.27M⃃ 396,060⃃ 850
Commercial2683.9%⃃ 13.89M⃃ 429,999⃃ 800

How were 2018 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)1135.5%⃃ 6.98M⃃ 434,998⃃ 750
Resale (secondary)2064.5%⃃ 9.18M⃃ 412,500⃃ 824
Ready31100%⃃ 16.16M⃃ 425,000⃃ 800

How many rental contracts were registered in Park Lane Tower in 2018?

136 rental contracts (new and renewed) were registered in Park Lane Tower in 2018, at a median annual rent of ⃃ 47,250 (−27.3% on 2017). Rental yields in Park Lane Tower

What were the most expensive property sales in Park Lane Tower in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
16/08/2018Park Lane TowerCommercial491 sq ft⃃ 1,346,271Primary · Ready
12/09/2018Park Lane TowerCommercial1,060 sq ft⃃ 1,025,000Primary · Ready
29/07/2018Park Lane TowerCommercial350 sq ft⃃ 887,592Primary · Ready
14/05/2018Park Lane TowerCommercial980 sq ft⃃ 840,000Primary · Ready
03/01/2018Park Lane TowerStudio · Apartment322 sq ft⃃ 750,000Primary · Ready
11/03/2018Park Lane TowerCommercial1,050 sq ft⃃ 727,139Resale · Ready
11/03/2018Park Lane TowerCommercial1,027 sq ft⃃ 727,139Resale · Ready
23/12/2018Park Lane TowerCommercial860 sq ft⃃ 688,000Resale · Ready
02/09/2018Park Lane TowerCommercial1,014 sq ft⃃ 648,730Resale · Ready
10/04/2018Park Lane TowerCommercial916 sq ft⃃ 641,000Resale · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
23/12/2018Park Lane TowerCommercial860 sq ft⃃ 688,000Resale · Ready
12/12/2018Park Lane TowerCommercial377 sq ft⃃ 251,513Primary · Ready
15/10/2018Park Lane TowerCommercial581 sq ft⃃ 377,670Primary · Ready
15/10/2018Park Lane TowerCommercial604 sq ft⃃ 392,431Primary · Ready
01/10/2018Park Lane TowerStudio · Apartment412 sq ft⃃ 350,000Resale · Ready
25/09/2018Park Lane TowerCommercial390 sq ft⃃ 282,576Resale · Ready
23/09/2018Park Lane TowerStudio · Apartment321 sq ft⃃ 500,000Resale · Ready
20/09/2018Park Lane TowerCommercial990 sq ft⃃ 635,520Resale · Ready
12/09/2018Park Lane TowerCommercial1,060 sq ft⃃ 1,025,000Primary · Ready
02/09/2018Park Lane TowerCommercial1,014 sq ft⃃ 648,730Resale · 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 2018 with the whole of 2017.
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/park-lane-xxx/2018
Park Lane Tower Property Transactions 2018. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/park-lane-xxx/2018

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 Park Lane Tower in 2018?
31 property sales worth ⃃ 16,156,897 were registered in Park Lane Tower in 2018. That is 76.7% lower than 2017.
What was the median property price in Park Lane Tower in 2018?
The median sale price was ⃃ 425,000 and the median price per square foot ⃃ 800 (1 Jan – 31 Dec 2018).
What share of 2018 sales in Park Lane Tower were off-plan or from developers?
Developer (primary) sales were 35.5% of the 31 sales and resales 64.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/park-lane-xxx/2018