Dubai Land Department Off-Plan Register

The Residences North 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

337 developer launch sales registered at The Residences North between Nov 2005 and Dec 2012: 100% apartments, most commonly 2-bed units, typically around 1,820 sqft.

Launch sales
337
DLD off-plan registrations, all time
Median launch /sqft
AED 1,330
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 450,00011,000,000
Min – max registered

Bed mix: 1-bed 30% · 2-bed 47% · 3-bed 15% · 4+-bed 4%.

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

QuarterLaunch salesMedian AED/sqft
2005 Q41AED 1,330
2009 Q2219AED 1,369
2009 Q31AED 1,304
2009 Q42AED 1,273
2010 Q17AED 1,423
2010 Q214AED 1,141
2010 Q38AED 1,327
2010 Q46AED 726
2011 Q114AED 1,344
2011 Q228AED 1,172
2011 Q34AED 1,359
2011 Q48AED 1,286
2012 Q18AED 1,075
2012 Q26AED 1,393
2012 Q33AED 1,847
2012 Q48AED 1,683
Two different markets

Launch vs Resale

The Residences North also has 476 ready-market resales registered with the DLD, the first on 4 February 2013 - 87 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
476
48 in the last 2 years
Resale median /sqft
AED 2,623
last 2 years
Resale vs launch
+97%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at The Residences North →

The latest launch sales

Recent Launch Registrations

Apartment · 3 Bed
2,648 sqft · 20 December 2012
AED 6,300,000
AED 2,379 /sqft
Apartment · 2 Bed
1,977 sqft · 12 December 2012
AED 3,800,000
AED 1,922 /sqft
Apartment · 2 Bed
1,820 sqft · 5 December 2012
AED 1,200,000
AED 659 /sqft
Apartment · 3 Bed
3,116 sqft · 21 November 2012
AED 4,500,000
AED 1,444 /sqft
Apartment · 1 Bed
1,637 sqft · 20 November 2012
AED 1,910,000
AED 1,167 /sqft

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

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

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