Project · Transactions · 2023

Park Lane Tower Property Transactions 2023

64 property sales worth ⃃ 37.74M were registered in Park Lane Tower in 2023, 5.9% lower than 2022 by number of sales. The median sale price was ⃃ 555,250 and the median price per square foot ⃃ 1,144 (+40.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 64 salesUpdated: 13 Nov 2026
Property sales
64
−5.9% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 37.74M
+34.0% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 555,250
+38.8% vs 2022
64 sales
Median price per sq ft
⃃ 1,144
+40.6% vs 2022
64 sales

What types of property sold in Park Lane Tower in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments914.1%⃃ 4.55M⃃ 500,000⃃ 1,558
Commercial5585.9%⃃ 33.19M⃃ 560,500⃃ 1,112

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
Primary (developer sales)46.3%⃃ 2.82M⃃ 678,372⃃ 1,154
Resale (secondary)6093.8%⃃ 34.91M⃃ 555,250⃃ 1,144
Ready64100%⃃ 37.74M⃃ 555,250⃃ 1,144

How many rental contracts were registered in Park Lane Tower in 2023?

283 rental contracts (new and renewed) were registered in Park Lane Tower in 2023, at a median annual rent of ⃃ 53,000 (+31.7% on 2022). Rental yields in Park Lane Tower

What were the most expensive property sales in Park Lane Tower in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/10/2023Park Lane TowerCommercial1,045 sq ft⃃ 1,325,000Resale · Ready
20/06/2023Park Lane TowerCommercial755 sq ft⃃ 1,050,000Resale · Ready
25/08/2023Park Lane TowerCommercial776 sq ft⃃ 1,048,140Primary · Ready
22/08/2023Park Lane TowerCommercial774 sq ft⃃ 952,381Resale · Ready
11/10/2023Park Lane TowerCommercial719 sq ft⃃ 900,000Resale · Ready
22/12/2023Park Lane TowerCommercial615 sq ft⃃ 888,668Resale · Ready
25/08/2023Park Lane TowerCommercial654 sq ft⃃ 883,508Primary · Ready
05/06/2023Park Lane TowerCommercial774 sq ft⃃ 820,000Resale · Ready
11/12/2023Park Lane TowerCommercial1,032 sq ft⃃ 800,000Resale · Ready
27/10/2023Park Lane TowerCommercial478 sq ft⃃ 787,500Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
22/12/2023Park Lane TowerCommercial615 sq ft⃃ 888,668Resale · Ready
21/12/2023Park Lane TowerCommercial476 sq ft⃃ 630,000Resale · Ready
11/12/2023Park Lane TowerCommercial1,032 sq ft⃃ 800,000Resale · Ready
23/11/2023Park Lane TowerStudio · Apartment309 sq ft⃃ 610,679Resale · Ready
22/11/2023Park Lane TowerStudio · Apartment321 sq ft⃃ 586,758Resale · Ready
21/11/2023Park Lane TowerCommercial500 sq ft⃃ 660,000Resale · Ready
15/11/2023Park Lane TowerCommercial515 sq ft⃃ 751,000Resale · Ready
27/10/2023Park Lane TowerCommercial478 sq ft⃃ 787,500Resale · Ready
27/10/2023Park Lane TowerCommercial490 sq ft⃃ 787,500Resale · Ready
26/10/2023Park Lane TowerCommercial584 sq ft⃃ 787,500Resale · 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/park-lane-xxx/2023
Park Lane Tower Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/park-lane-xxx/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 Park Lane Tower in 2023?
64 property sales worth ⃃ 37,739,082 were registered in Park Lane Tower in 2023. That is 5.9% lower than 2022.
What was the median property price in Park Lane Tower in 2023?
The median sale price was ⃃ 555,250 and the median price per square foot ⃃ 1,144 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Park Lane Tower were off-plan or from developers?
Developer (primary) sales were 6.3% of the 64 sales and resales 93.8%. 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/2023