Dubai Land Department Off-Plan Register

Centrium Tower 1 Launch Prices

Off-plan in Dubai Production City (IMPZ) · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

140 developer launch sales registered at Centrium Tower 1 between Aug 2009 and Jan 2015: 100% apartments, most commonly 1-bed units, typically around 750 sqft.

Launch sales
140
DLD off-plan registrations, all time
Median launch /sqft
AED 835
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 412,5221,550,572
Min – max registered

Bed mix: 1-bed 58% · 2-bed 22% · 3-bed 20%.

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

QuarterLaunch salesMedian AED/sqft
2009 Q376AED 835
2009 Q410AED 827
2010 Q21AED 834
2010 Q31AED 914
2011 Q21AED 643
2011 Q41AED 966
2012 Q13AED 913
2013 Q22AED 825
2013 Q34AED 550
2013 Q46AED 573
2014 Q11AED 847
2014 Q24AED 901
2014 Q312AED 857
2014 Q416AED 862
2015 Q12AED 1,011
Two different markets

Launch vs Resale

Centrium Tower 1 also has 181 ready-market resales registered with the DLD, the first on 29 January 2015 - 65 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
181
42 in the last 2 years
Resale median /sqft
AED 776
last 2 years
Resale vs launch
-7%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Centrium Tower 1 →

The latest launch sales

Recent Launch Registrations

Apartment · 3 Bed
1,400 sqft · 12 January 2015
AED 1,451,000
AED 1,037 /sqft
Apartment · 1 Bed
812 sqft · 5 January 2015
AED 800,000
AED 985 /sqft
Apartment · 1 Bed
750 sqft · 22 December 2014
AED 650,000
AED 867 /sqft
Apartment · 3 Bed
1,400 sqft · 16 December 2014
AED 1,500,000
AED 1,072 /sqft
Apartment · 1 Bed
1,159 sqft · 8 December 2014
AED 730,321
AED 630 /sqft

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

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Other Off-Plan Projects in Dubai Production City (IMPZ)

Off-plan in Dubai Production City (IMPZ)

Compare this project with every other off-plan launch registered in Dubai Production City (IMPZ), or see the community's resale market.

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