Dubai Land Department Off-Plan Register

Hercules Tower Launch Prices

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

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At a glance

Launch Summary

163 developer launch sales registered at Hercules Tower between Oct 2012 and Jun 2018: 100% apartments, most commonly 2-bed units, typically around 1,399 sqft.

Launch sales
163
DLD off-plan registrations, all time
Median launch /sqft
AED 768
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 235,9453,576,293
Min – max registered

Bed mix: Studio 23% · 1-bed 21% · 2-bed 28% · 3-bed 23% · 4+-bed 5%.

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

QuarterLaunch salesMedian AED/sqft
2012 Q416AED 790
2013 Q120AED 757
2013 Q218AED 808
2013 Q413AED 729
2014 Q12AED 524
2014 Q215AED 549
2014 Q32AED 894
2014 Q47AED 753
2015 Q13AED 752
2015 Q25AED 837
2015 Q37AED 900
2016 Q15AED 800
2016 Q29AED 700
2016 Q34AED 759
2016 Q48AED 791
2017 Q16AED 792
2017 Q24AED 603
2017 Q33AED 813
2017 Q46AED 664
2018 Q12AED 681
2018 Q28AED 710
Two different markets

Launch vs Resale

Hercules Tower also has 110 ready-market resales registered with the DLD, the first on 24 July 2018 - 69 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
110
32 in the last 2 years
Resale median /sqft
AED 796
last 2 years
Resale vs launch
+4%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Hercules Tower →

The latest launch sales

Recent Launch Registrations

Apartment · 4+ Bed
4,113 sqft · 19 June 2018
AED 2,200,000
AED 535 /sqft
Apartment · 1 Bed
1,000 sqft · 29 May 2018
AED 568,323
AED 568 /sqft
Apartment · 1 Bed
851 sqft · 21 May 2018
AED 515,000
AED 605 /sqft
Apartment · 3 Bed
1,823 sqft · 16 April 2018
AED 1,650,343
AED 905 /sqft
Apartment · 2 Bed
1,449 sqft · 16 April 2018
AED 1,292,112
AED 892 /sqft

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

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