Dubai Land Department Off-Plan Register

The Palm Tower Launch Prices

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

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At a glance

Launch Summary

388 developer launch sales registered at The Palm Tower between Jul 2015 and Oct 2022: 100% apartments, most commonly studio units, typically around 2,062 sqft.

Launch sales
388
DLD off-plan registrations, all time
Median launch /sqft
AED 2,331
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 500,00013,400,000
Min – max registered

Bed mix: Studio 54% · 1-bed 41% · 2-bed 4% · 3-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 The Palm Tower, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2015 Q320AED 292
2015 Q4124AED 309
2016 Q128AED 297
2016 Q214AED 3,365
2016 Q35AED 3,226
2016 Q418AED 3,161
2017 Q110AED 3,245
2017 Q26AED 3,036
2017 Q43AED 4,139
2018 Q14AED 2,901
2018 Q22AED 3,298
2018 Q31AED 3,541
2018 Q416AED 3,089
2019 Q12AED 3,368
2019 Q27AED 3,106
2019 Q318AED 3,448
2019 Q42AED 3,175
2020 Q15AED 3,568
2020 Q21AED 3,669
2020 Q32AED 1,846
2021 Q18AED 3,091
2021 Q24AED 3,838
2021 Q312AED 2,946
2021 Q454AED 2,948
2022 Q121AED 3,167
2022 Q41AED 292
Two different markets

Launch vs Resale

The Palm Tower also has 214 ready-market resales registered with the DLD, the first on 23 May 2022 - 82 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
214
77 in the last 2 years
Resale median /sqft
AED 4,250
last 2 years
Resale vs launch
+82%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at The Palm Tower →

The latest launch sales

Recent Launch Registrations

Apartment · Studio
5,457 sqft · 19 October 2022
AED 1,590,900
AED 292 /sqft
Apartment · 1 Bed
1,054 sqft · 21 March 2022
AED 3,538,000
AED 3,355 /sqft
Apartment · 2 Bed
2,337 sqft · 15 March 2022
AED 13,400,000
AED 5,734 /sqft
Apartment · 1 Bed
1,085 sqft · 3 March 2022
AED 3,350,000
AED 3,088 /sqft
Apartment · Studio
507 sqft · 24 February 2022
AED 1,600,000
AED 3,156 /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 Palm Jumeirah

Compare this project with every other off-plan launch registered in Palm Jumeirah, or see the community's resale market.

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