Dubai Land Department Off-Plan Register

Upper Crest 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

192 developer launch sales registered at Upper Crest between Mar 2012 and Aug 2016: 100% apartments, most commonly 1-bed units, typically around 907 sqft.

Launch sales
192
DLD off-plan registrations, all time
Median launch /sqft
AED 2,342
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 745,8005,373,000
Min – max registered

Bed mix: Studio 20% · 1-bed 44% · 2-bed 29% · 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 Upper Crest, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2012 Q131AED 1,687
2012 Q212AED 1,661
2012 Q311AED 1,886
2012 Q420AED 1,977
2013 Q17AED 2,780
2013 Q216AED 2,390
2013 Q36AED 2,639
2013 Q412AED 2,622
2014 Q112AED 2,704
2014 Q29AED 2,754
2014 Q318AED 3,122
2014 Q424AED 2,359
2015 Q11AED 3,227
2015 Q21AED 2,634
2015 Q32AED 2,002
2015 Q41AED 1,695
2016 Q21AED 1,648
2016 Q38AED 2,539
Two different markets

Launch vs Resale

Upper Crest also has 101 ready-market resales registered with the DLD, the first on 18 October 2017 - 67 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
101
23 in the last 2 years
Resale median /sqft
AED 1,679
last 2 years
Resale vs launch
-28%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Upper Crest →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
926 sqft · 24 August 2016
AED 2,294,400
AED 2,477 /sqft
Apartment · 1 Bed
969 sqft · 22 August 2016
AED 2,378,400
AED 2,455 /sqft
Apartment · 2 Bed
1,254 sqft · 22 August 2016
AED 3,177,500
AED 2,535 /sqft
Apartment · 2 Bed
1,098 sqft · 22 August 2016
AED 2,792,500
AED 2,543 /sqft
Apartment · 1 Bed
892 sqft · 22 August 2016
AED 2,210,688
AED 2,478 /sqft

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

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