Project · Transactions · 2016

The Spirit Property Transactions 2016

32 property sales worth ⃃ 26.54M were registered in The Spirit in 2016, 70.9% lower than 2015 by number of sales. The median sale price was ⃃ 800,000 and the median price per square foot ⃃ 1,399 (−41.9% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 32 salesUpdated: 13 Nov 2026
Property sales
32
−70.9% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 26.54M
−80.4% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 800,000
−32.5% vs 2015
32 sales
Median price per sq ft
⃃ 1,399
−41.9% vs 2015
32 sales

What types of property sold in The Spirit in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments32100%⃃ 26.54M⃃ 800,000⃃ 1,399

How were 2016 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)1650%⃃ 17.02M⃃ 1,074,646⃃ 2,892
Resale (secondary)1650%⃃ 9.52M⃃ 473,500⃃ 1,085
Ready32100%⃃ 26.54M⃃ 800,000⃃ 1,399

How many rental contracts were registered in The Spirit in 2016?

102 rental contracts (new and renewed) were registered in The Spirit in 2016, at a median annual rent of ⃃ 44,000 (−2.2% on 2015). Rental yields in The Spirit

What were the most expensive property sales in The Spirit in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
17/08/2016The SpiritStudio · Apartment321 sq ft⃃ 1,419,997Primary · Ready
06/09/2016The SpiritStudio · Apartment371 sq ft⃃ 1,356,050Primary · Ready
11/07/2016The SpiritStudio · Apartment560 sq ft⃃ 1,275,000Primary · Ready
04/04/2016The SpiritStudio · Apartment325 sq ft⃃ 1,246,100Primary · Ready
04/04/2016The SpiritStudio · Apartment288 sq ft⃃ 1,246,100Primary · Ready
11/08/2016The SpiritStudio · Apartment372 sq ft⃃ 1,227,775Primary · Ready
20/07/2016The SpiritStudio · Apartment372 sq ft⃃ 1,200,000Resale · Ready
17/08/2016The SpiritStudio · Apartment391 sq ft⃃ 1,180,000Primary · Ready
20/11/2016The SpiritStudio · Apartment330 sq ft⃃ 1,119,291Primary · Ready
08/08/2016The SpiritStudio · Apartment636 sq ft⃃ 1,030,000Primary · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
21/12/2016The SpiritStudio · Apartment398 sq ft⃃ 477,000Resale · Ready
13/12/2016The SpiritStudio · Apartment371 sq ft⃃ 470,000Resale · Ready
06/12/2016The SpiritStudio · Apartment416 sq ft⃃ 410,000Resale · Ready
06/12/2016The Spirit1 bed · Apartment802 sq ft⃃ 820,000Resale · Ready
27/11/2016The SpiritStudio · Apartment321 sq ft⃃ 432,500Resale · Ready
20/11/2016The SpiritStudio · Apartment330 sq ft⃃ 1,119,291Primary · Ready
10/11/2016The SpiritStudio · Apartment325 sq ft⃃ 450,000Resale · Ready
27/10/2016The Spirit1 bed · Apartment802 sq ft⃃ 780,000Resale · Ready
20/09/2016The SpiritStudio · Apartment325 sq ft⃃ 450,000Resale · Ready
07/09/2016The Spirit1 bed · Apartment749 sq ft⃃ 770,000Resale · 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 2016 with the whole of 2015.
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/the-spirit/2016
The Spirit Property Transactions 2016. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/the-spirit/2016

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 The Spirit in 2016?
32 property sales worth ⃃ 26,542,992 were registered in The Spirit in 2016. That is 70.9% lower than 2015.
What was the median property price in The Spirit in 2016?
The median sale price was ⃃ 800,000 and the median price per square foot ⃃ 1,399 (1 Jan – 31 Dec 2016).
What share of 2016 sales in The Spirit were off-plan or from developers?
Developer (primary) sales were 50% of the 32 sales and resales 50%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/the-spirit/2016