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Building · Transactions · 2024

Park Residences 1 Property Transactions 2024

61 property sales worth ⃃ 189.2M were registered in Park Residences 1 in 2024, 41.3% lower than 2023 by number of sales. The median sale price was ⃃ 2,900,000 and the median price per square foot ⃃ 1,485 (+17.4% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 61 salesUpdated: 15 Nov 2026
Property sales
61
−41.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 189.2M
−28.2% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 2,900,000
+20.8% vs 2023
61 sales
Median price per sq ft
⃃ 1,485
+17.4% vs 2023
61 sales

What types of property sold in Park Residences 1 in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Villas61100%⃃ 189.2M⃃ 2,900,000⃃ 1,485

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
Primary (developer sales)46.6%⃃ 23.56M⃃ 5,885,305⃃ 2,458
Resale (secondary)5793.4%⃃ 165.63M⃃ 2,850,000⃃ 1,438
Off-plan61100%⃃ 189.2M⃃ 2,900,000⃃ 1,485

How many rental contracts were registered in Park Residences 1 in 2024?

59 rental contracts (new and renewed) were registered in Park Residences 1 in 2024, at a median annual rent of ⃃ 215,000 (+21.5% on 2023). Rental yields in Park Residences 1

What were the most expensive property sales in Park Residences 1 in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/01/2024Park Residences 14 beds · Villa4,956 sq ft⃃ 6,050,235Primary · Off-plan
18/01/2024Park Residences 14 beds · Villa4,964 sq ft⃃ 6,024,060Primary · Off-plan
12/09/2024Park Residences 14 beds · Villa3,839 sq ft⃃ 5,746,550Primary · Off-plan
28/04/2024Park Residences 14 beds · Villa3,940 sq ft⃃ 5,742,800Primary · Off-plan
30/09/2024Park Residences 15 beds · Villa2,920 sq ft⃃ 4,500,000Resale · Off-plan
26/09/2024Park Residences 14 beds · Villa3,966 sq ft⃃ 4,250,000Resale · Off-plan
01/02/2024Park Residences 14 beds · Villa2,927 sq ft⃃ 4,028,410Resale · Off-plan
01/10/2024Park Residences 16 beds · Villa3,603 sq ft⃃ 3,900,000Resale · Off-plan
15/05/2024Park Residences 14 beds · Villa3,463 sq ft⃃ 3,900,000Resale · Off-plan
01/05/2024Park Residences 14 beds · Villa3,059 sq ft⃃ 3,710,000Resale · Off-plan

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
26/12/2024Park Residences 13 beds · Villa1,485 sq ft⃃ 2,450,000Resale · Off-plan
12/12/2024Park Residences 14 beds · Villa2,620 sq ft⃃ 3,550,000Resale · Off-plan
27/11/2024Park Residences 13 beds · Villa1,604 sq ft⃃ 2,400,000Resale · Off-plan
27/11/2024Park Residences 14 beds · Villa1,615 sq ft⃃ 2,800,000Resale · Off-plan
21/11/2024Park Residences 13 beds · Villa1,644 sq ft⃃ 2,825,000Resale · Off-plan
01/11/2024Park Residences 13 beds · Villa1,615 sq ft⃃ 2,500,000Resale · Off-plan
30/10/2024Park Residences 14 beds · Villa2,461 sq ft⃃ 3,250,000Resale · Off-plan
15/10/2024Park Residences 13 beds · Villa1,615 sq ft⃃ 2,850,000Resale · Off-plan
15/10/2024Park Residences 13 beds · Villa1,485 sq ft⃃ 2,470,000Resale · Off-plan
14/10/2024Park Residences 13 beds · Villa1,485 sq ft⃃ 2,400,000Resale · Off-plan

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/park-residences-1/2024
Park Residences 1 Property Transactions 2024. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/park-residences-1/2024

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 Park Residences 1 in 2024?
61 property sales worth ⃃ 189,195,055 were registered in Park Residences 1 in 2024. That is 41.3% lower than 2023.
What was the median property price in Park Residences 1 in 2024?
The median sale price was ⃃ 2,900,000 and the median price per square foot ⃃ 1,485 (1 Jan – 31 Dec 2024).
What share of 2024 sales in Park Residences 1 were off-plan or from developers?
Developer (primary) sales were 6.6% of the 61 sales and resales 93.4%. Off-plan units made up 100% and ready units —. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/park-residences-1/2024