Dubai Land Department Off-Plan Register

Claren Tower 1 Launch Prices

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

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At a glance

Launch Summary

123 developer launch sales registered at Claren Tower 1 between Jul 2009 and Jul 2013: 100% apartments, most commonly 1-bed units, typically around 913 sqft.

Launch sales
123
DLD off-plan registrations, all time
Median launch /sqft
AED 2,197
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 625,0004,241,888
Min – max registered

Bed mix: Studio 24% · 1-bed 43% · 2-bed 27% · 3-bed 7%.

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 Claren Tower 1, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2009 Q32AED 2,411
2009 Q46AED 2,392
2010 Q177AED 2,318
2012 Q13AED 1,228
2012 Q21AED 3,639
2012 Q313AED 1,314
2012 Q410AED 1,485
2013 Q17AED 1,570
2013 Q23AED 1,529
2013 Q31AED 1,477
Two different markets

Launch vs Resale

Claren Tower 1 also has 261 ready-market resales registered with the DLD, the first on 2 July 2013 - 48 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
261
37 in the last 2 years
Resale median /sqft
AED 2,096
last 2 years
Resale vs launch
-5%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Claren Tower 1 →

The latest launch sales

Recent Launch Registrations

Apartment · 2 Bed
1,292 sqft · 10 July 2013
AED 1,908,888
AED 1,477 /sqft
Apartment · 2 Bed
1,292 sqft · 4 June 2013
AED 1,975,000
AED 1,529 /sqft
Apartment · 1 Bed
913 sqft · 29 May 2013
AED 1,550,000
AED 1,698 /sqft
Apartment · 1 Bed
894 sqft · 16 April 2013
AED 1,262,500
AED 1,412 /sqft
Apartment · Studio
521 sqft · 11 March 2013
AED 870,000
AED 1,670 /sqft

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

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