Dubai Land Department Off-Plan Register

Sparkle 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

113 developer launch sales registered at Sparkle Tower 1 between Feb 2015 and Jul 2019: 100% apartments, most commonly 1-bed units, typically around 865 sqft.

Launch sales
113
DLD off-plan registrations, all time
Median launch /sqft
AED 1,739
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 928,7774,729,012
Min – max registered

Bed mix: Studio 4% · 1-bed 56% · 2-bed 26% · 3-bed 15%.

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

QuarterLaunch salesMedian AED/sqft
2015 Q111AED 2,049
2015 Q219AED 1,981
2015 Q31AED 2,066
2015 Q47AED 1,866
2016 Q14AED 2,146
2016 Q24AED 1,594
2016 Q35AED 1,829
2016 Q45AED 1,943
2017 Q12AED 1,795
2017 Q25AED 1,639
2017 Q35AED 1,845
2017 Q42AED 1,717
2018 Q12AED 1,678
2018 Q49AED 1,426
2019 Q19AED 1,470
2019 Q221AED 1,530
2019 Q32AED 1,498
Two different markets

Launch vs Resale

Sparkle Tower 1 also has 200 ready-market resales registered with the DLD, the first on 7 August 2019 - 54 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
200
43 in the last 2 years
Resale median /sqft
AED 2,087
last 2 years
Resale vs launch
+20%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Sparkle Tower 1 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
865 sqft · 15 July 2019
AED 1,400,000
AED 1,619 /sqft
Apartment · 1 Bed
849 sqft · 1 July 2019
AED 1,170,000
AED 1,377 /sqft
Apartment · 1 Bed
849 sqft · 26 June 2019
AED 1,254,000
AED 1,476 /sqft
Apartment · 1 Bed
849 sqft · 26 June 2019
AED 1,345,000
AED 1,583 /sqft
Apartment · 2 Bed
1,489 sqft · 26 June 2019
AED 1,930,000
AED 1,296 /sqft

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

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