Dubai Land Department Off-Plan Register

Botanica Tower-1 Launch Prices

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

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At a glance

Launch Summary

305 developer launch sales registered at Botanica Tower-1 between Mar 2009 and May 2012: 100% apartments, most commonly 1-bed units, typically around 816 sqft.

Launch sales
305
DLD off-plan registrations, all time
Median launch /sqft
AED 1,627
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 473,6749,045,243
Min – max registered

Bed mix: Studio 18% · 1-bed 64% · 2-bed 17% · 4+-bed 1%.

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

QuarterLaunch salesMedian AED/sqft
2009 Q114AED 1,510
2009 Q2155AED 1,966
2009 Q350AED 1,608
2009 Q412AED 2,098
2010 Q19AED 1,850
2010 Q28AED 1,512
2010 Q33AED 1,299
2010 Q43AED 1,354
2011 Q14AED 1,584
2011 Q220AED 1,138
2011 Q36AED 1,091
2011 Q44AED 1,050
2012 Q19AED 1,044
2012 Q28AED 1,364
Two different markets

Launch vs Resale

Botanica Tower-1 also has 706 ready-market resales registered with the DLD, the first on 16 May 2012 - 38 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
706
68 in the last 2 years
Resale median /sqft
AED 1,967
last 2 years
Resale vs launch
+21%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Botanica Tower-1 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
781 sqft · 10 May 2012
AED 1,122,649
AED 1,437 /sqft
Apartment · Studio
497 sqft · 24 April 2012
AED 625,000
AED 1,258 /sqft
Apartment · 1 Bed
781 sqft · 19 April 2012
AED 1,150,000
AED 1,472 /sqft
Apartment · 1 Bed
888 sqft · 18 April 2012
AED 1,240,092
AED 1,397 /sqft
Apartment · 1 Bed
854 sqft · 18 April 2012
AED 1,159,340
AED 1,357 /sqft

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

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