Dubai Land Department Off-Plan Register

Centrium Tower 3 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

41 developer launch sales registered at Centrium Tower 3 between Sept 2009 and Dec 2014: 100% apartments, most commonly 2-bed units, typically around 1,004 sqft.

Launch sales
41
DLD off-plan registrations, all time
Median launch /sqft
AED 858
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 551,9421,674,896
Min – max registered

Bed mix: 1-bed 22% · 2-bed 56% · 3-bed 22%.

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

QuarterLaunch salesMedian AED/sqft
2009 Q328AED 863
2009 Q44AED 853
2010 Q11AED 868
2011 Q41AED 630
2013 Q33AED 706
2014 Q21AED 550
2014 Q43AED 855
Two different markets

Launch vs Resale

Centrium Tower 3 also has 87 ready-market resales registered with the DLD, the first on 5 February 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
87
18 in the last 2 years
Resale median /sqft
AED 783
last 2 years
Resale vs launch
-9%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Centrium Tower 3 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
750 sqft · 1 December 2014
AED 641,403
AED 855 /sqft
Apartment · 2 Bed
1,018 sqft · 25 November 2014
AED 890,000
AED 874 /sqft
Apartment · 2 Bed
1,018 sqft · 4 November 2014
AED 559,933
AED 550 /sqft
Apartment · 2 Bed
1,004 sqft · 6 June 2014
AED 551,942
AED 550 /sqft
Apartment · 3 Bed
1,400 sqft · 10 September 2013
AED 834,856
AED 596 /sqft

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

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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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