Dubai Land Department Off-Plan Register

Claren Tower 2 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

134 developer launch sales registered at Claren Tower 2 between Jul 2009 and Jul 2013: 100% apartments, most commonly 1-bed units, typically around 1,259 sqft.

Launch sales
134
DLD off-plan registrations, all time
Median launch /sqft
AED 1,949
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 600,0005,069,888
Min – max registered

Bed mix: Studio 4% · 1-bed 45% · 2-bed 45% · 3-bed 6%.

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 2, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2009 Q35AED 2,400
2009 Q414AED 2,329
2010 Q155AED 2,226
2011 Q21AED 1,327
2011 Q41AED 1,068
2012 Q11AED 1,084
2012 Q25AED 1,203
2012 Q310AED 1,323
2012 Q415AED 1,289
2013 Q17AED 1,472
2013 Q219AED 1,546
2013 Q31AED 1,678
Two different markets

Launch vs Resale

Claren Tower 2 also has 296 ready-market resales registered with the DLD, the first on 20 June 2013 - 47 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
296
25 in the last 2 years
Resale median /sqft
AED 2,082
last 2 years
Resale vs launch
+7%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Claren Tower 2 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
760 sqft · 1 July 2013
AED 1,275,000
AED 1,678 /sqft
Apartment · 1 Bed
759 sqft · 24 June 2013
AED 1,225,000
AED 1,614 /sqft
Apartment · 3 Bed
1,662 sqft · 20 June 2013
AED 3,800,000
AED 2,286 /sqft
Apartment · 3 Bed
1,623 sqft · 17 June 2013
AED 3,650,000
AED 2,249 /sqft
Apartment · 3 Bed
1,662 sqft · 3 June 2013
AED 2,896,888
AED 1,743 /sqft

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

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