Dubai Land Department Off-Plan Register

The Sterling West House Launch Prices

Off-plan in Business Bay · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

161 developer launch sales registered at The Sterling West House between Jan 2016 and Apr 2024: 100% apartments, most commonly 1-bed units, typically around 1,199 sqft.

Launch sales
161
DLD off-plan registrations, all time
Median launch /sqft
AED 1,857
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 640,1978,895,181
Min – max registered

Bed mix: Studio 21% · 1-bed 52% · 2-bed 19% · 3-bed 4% · 4+-bed 4%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at The Sterling West House, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2016 Q19AED 1,869
2016 Q23AED 1,629
2016 Q313AED 2,025
2017 Q111AED 1,994
2017 Q21AED 1,881
2017 Q31AED 1,815
2019 Q16AED 2,133
2019 Q23AED 1,870
2019 Q34AED 1,922
2019 Q44AED 1,356
2020 Q33AED 605
2021 Q23AED 1,266
2021 Q41AED 822
2022 Q27AED 861
2022 Q36AED 1,496
2022 Q421AED 1,837
2023 Q116AED 1,981
2023 Q227AED 1,850
2023 Q315AED 1,895
2023 Q46AED 2,368
2024 Q21AED 2,042
Two different markets

Launch vs Resale

The Sterling West House also has 93 ready-market resales registered with the DLD, the first on 9 January 2024 - 96 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
93
52 in the last 2 years
Resale median /sqft
AED 2,156
last 2 years
Resale vs launch
+16%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at The Sterling West House →

The latest launch sales

Recent Launch Registrations

Apartment · 4+ Bed
3,392 sqft · 15 April 2024
AED 6,925,750
AED 2,042 /sqft
Apartment · 1 Bed
1,002 sqft · 7 November 2023
AED 2,450,000
AED 2,444 /sqft
Apartment · 1 Bed
854 sqft · 27 October 2023
AED 2,050,738
AED 2,402 /sqft
Apartment · 1 Bed
854 sqft · 26 October 2023
AED 2,000,000
AED 2,343 /sqft
Apartment · 1 Bed
1,199 sqft · 17 October 2023
AED 2,500,000
AED 2,085 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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