Project · Transactions · 2024

The 5 Tower Property Transactions 2024

78 property sales worth ⃃ 52.68M were registered in The 5 Tower in 2024, 47.3% lower than 2023 by number of sales. The median sale price was ⃃ 609,938 and the median price per square foot ⃃ 927 (+9.2% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 78 salesUpdated: 13 Nov 2026
Property sales
78
−47.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 52.68M
−48.3% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 609,938
−4.4% vs 2023
78 sales
Median price per sq ft
⃃ 927
+9.2% vs 2023
78 sales

What types of property sold in The 5 Tower in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments78100%⃃ 52.68M⃃ 609,938⃃ 927

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)4051.3%⃃ 28.33M⃃ 649,063⃃ 864
Resale (secondary)3848.7%⃃ 24.35M⃃ 585,000⃃ 959
Ready78100%⃃ 52.68M⃃ 609,938⃃ 927

How many rental contracts were registered in The 5 Tower in 2024?

201 rental contracts (new and renewed) were registered in The 5 Tower in 2024, at a median annual rent of ⃃ 56,000 (+1.8% on 2023). Rental yields in The 5 Tower

What were the most expensive property sales in The 5 Tower in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
14/02/2024The 5 Tower3 beds · Apartment1,384 sq ft⃃ 1,375,950Primary · Ready
14/02/2024The 5 Tower3 beds · Apartment1,479 sq ft⃃ 1,300,000Resale · Ready
19/07/2024The 5 Tower3 beds · Apartment1,626 sq ft⃃ 1,295,801Primary · Ready
07/02/2024The 5 Tower3 beds · Apartment1,385 sq ft⃃ 1,290,000Resale · Ready
25/06/2024The 5 Tower3 beds · Apartment1,384 sq ft⃃ 1,045,000Resale · Ready
13/05/2024The 5 Tower2 beds · Apartment939 sq ft⃃ 1,039,500Primary · Ready
06/02/2024The 5 Tower1 bed · Apartment829 sq ft⃃ 1,039,500Primary · Ready
07/02/2024The 5 Tower1 bed · Apartment829 sq ft⃃ 1,039,500Primary · Ready
07/02/2024The 5 Tower1 bed · Apartment829 sq ft⃃ 1,019,700Primary · Ready
12/02/2024The 5 Tower1 bed · Apartment829 sq ft⃃ 1,019,700Primary · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
27/12/2024The 5 TowerStudio · Apartment412 sq ft⃃ 420,000Resale · Ready
27/12/2024The 5 Tower1 bed · Apartment649 sq ft⃃ 573,011Primary · Ready
19/12/2024The 5 Tower1 bed · Apartment717 sq ft⃃ 680,000Resale · Ready
11/12/2024The 5 Tower1 bed · Apartment649 sq ft⃃ 700,000Resale · Ready
06/12/2024The 5 Tower1 bed · Apartment718 sq ft⃃ 760,000Resale · Ready
05/12/2024The 5 TowerStudio · Apartment586 sq ft⃃ 497,723Primary · Ready
20/11/2024The 5 Tower1 bed · Apartment719 sq ft⃃ 519,265Primary · Ready
13/11/2024The 5 TowerStudio · Apartment583 sq ft⃃ 510,000Resale · Ready
06/11/2024The 5 TowerStudio · Apartment583 sq ft⃃ 520,000Resale · Ready
01/11/2024The 5 Tower1 bed · Apartment720 sq ft⃃ 670,000Resale · 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/the-v-tower/2024
The 5 Tower Property Transactions 2024. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/the-v-tower/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 The 5 Tower in 2024?
78 property sales worth ⃃ 52,677,408 were registered in The 5 Tower in 2024. That is 47.3% lower than 2023.
What was the median property price in The 5 Tower in 2024?
The median sale price was ⃃ 609,938 and the median price per square foot ⃃ 927 (1 Jan – 31 Dec 2024).
What share of 2024 sales in The 5 Tower were off-plan or from developers?
Developer (primary) sales were 51.3% of the 78 sales and resales 48.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/the-v-tower/2024