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Developer · #55 by 12M value
TownX Real Estate Development
Market bulletin · Thu, 22 Oct 2026
TownX Real Estate Development: median AED 1,467/sqft, up 1.5% over three months on 101 sales
TownX Real Estate Development recorded 43 sales worth AED 46.9M in the 30 days to Thu, 22 Oct 2026, up 59.3% on the previous 30 days. Over the last week 16 sales were registered (AED 20.7M), against 6 the week before.
The median sale over the last three months was AED 1.09M, or AED 1,467/sqft — like-for-like prices per sqft up 1.5% on the previous three months and up 1.2% on a year earlier. Monthly medians over the past year ranged from AED 1,424/sqft to AED 1,675/sqft.
By market over 12 months: developer off-plan sales 50.8%, off-plan resales 0.6%, secondary (ready) sales 48.6%.
TownX Real Estate Development registered 490 sales worth AED 622M in 12 months across 5 communities, ranking #55 among Dubai developers by value. Its most active project was Luma Park Views (227 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,483 |
| Sept 26 | AED 1,455 |
| Aug 26 | AED 1,445 |
| Jul 26 | AED 1,424 |
| Jun 26 | AED 1,476 |
| May 26 | AED 1,516 |
| Apr 26 | AED 1,622 |
| Mar 26 | AED 1,675 |
| Feb 26 | AED 1,636 |
| Jan 26 | AED 1,649 |
| Dec 25 | AED 1,513 |
| Nov 25 | AED 1,513 |
| Oct 25 | AED 1,494 |
| Sept 25 | AED 1,522 |
| Aug 25 | AED 1,471 |
| Jul 25 | AED 1,485 |
| Jun 25 | AED 1,537 |
| May 25 | AED 1,535 |
| Apr 25 | AED 1,474 |
| Mar 25 | AED 1,499 |
| Feb 25 | AED 1,432 |
| Jan 25 | AED 1,414 |
| Dec 24 | AED 1,390 |
| Nov 24 | AED 1,325 |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | AED 1,483 | — | — |
| Sept 26 | AED 1,431 | — | AED 1,499 |
| Aug 26 | AED 1,503 | — | AED 1,434 |
| Jul 26 | — | — | AED 1,418 |
| Jun 26 | — | — | — |
| May 26 | AED 1,498 | — | — |
| Apr 26 | — | — | — |
| Mar 26 | — | — | — |
| Feb 26 | AED 1,678 | — | AED 1,634 |
| Jan 26 | AED 1,632 | — | AED 1,661 |
| Dec 25 | AED 1,501 | — | AED 1,530 |
| Nov 25 | AED 1,513 | — | — |
| Oct 25 | AED 1,497 | — | — |
| Sept 25 | AED 1,539 | — | — |
| Aug 25 | AED 1,529 | — | AED 1,377 |
| Jul 25 | AED 1,513 | AED 1,473 | — |
| Jun 25 | AED 1,576 | — | — |
| May 25 | AED 1,523 | — | — |
| Apr 25 | AED 1,505 | — | AED 1,221 |
| Mar 25 | AED 1,512 | — | AED 1,341 |
| Feb 25 | AED 1,462 | — | AED 1,266 |
| Jan 25 | AED 1,421 | — | AED 1,329 |
| Dec 24 | AED 1,380 | — | AED 1,466 |
| Nov 24 | AED 1,398 | — | AED 1,292 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 30 | 0 | 4 |
| Sept 26 | 15 | 0 | 11 |
| Aug 26 | 12 | 0 | 22 |
| Jul 26 | 6 | 1 | 17 |
| Jun 26 | 1 | 0 | 9 |
| May 26 | 19 | 0 | 9 |
| Apr 26 | 2 | 0 | 7 |
| Mar 26 | 8 | 0 | 8 |
| Feb 26 | 27 | 0 | 18 |
| Jan 26 | 23 | 1 | 36 |
| Dec 25 | 30 | 0 | 86 |
| Nov 25 | 60 | 1 | 9 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 43 | up 59.3% | AED 46.9M | 1,483 | up 3.1% |
| Last 3 months | 101 | up 83.6% | AED 116M | 1,467 | down 0.3% |
| Last 6 months | 156 | down 51.7% | AED 185M | 1,469 | down 8.0% |
| Last 12 months | 490 | down 20.8% | AED 622M | 1,537 | up 5.9% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 249 | 51% | AED 834K | 1,521 | up 2.9% |
| Off-plan resale | 3 | 1% | — | — | — |
| Secondary (ready) | 238 | 49% | AED 1.35M | 1,571 | up 21.4% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 167 | 34% | AED 727K | 1,501 | up 3.2% |
| 1 bedroom | 232 | 47% | AED 1.30M | 1,533 | up 5.3% |
| 2 bedrooms | 49 | 10% | AED 2.02M | 1,612 | up 23.1% |
| 3 bedrooms | 42 | 9% | AED 2.38M | 1,769 | up 14.9% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 416 | 85% | AED 1.11M | 1,504 | up 4.3% |
| AED 2M–10M | 74 | 15% | AED 2.28M | 1,725 | up 6.9% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Luma Park ViewsJumeirah Village Circle | 227 | 1,472 | up 1.7% |
| Ashley HillsArjan | 177 | 1,463 | up 7.6% |
| 11 Hills ParkDubai Science Park (Dubiotech) | 45 | 1,540 | — |
| East 40Al Furjan | 8 | — | — |
| Luma21Jumeirah Village Circle | 11 | — | — |
| Luma 22 - East TowerJumeirah Village Circle | 7 | — | — |
| Luma 22 - West TowerJumeirah Village Circle | 4 | — | — |
| Easy19 ApartmentsInternational City Phase 2 & 3 | 7 | — | — |
| Easy18International City Phase 2 & 3 | 4 | — | — |
Where TownX Real Estate Development sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Jumeirah Village Circle | 249 | 1,598 | 61% |
| Arjan | 177 | 1,485 | 30% |
| Dubai Science Park (Dubiotech) | 45 | 1,650 | 6.8% |
| Al Furjan | 8 | 1,254 | 1.4% |
| International City Phase 2 & 3 | 11 | 1,160 | 0.9% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 3.20M | 3 BR Apartment · 1,700 sqftLuma Park Views · Jumeirah Village Circle | 10 Sept |
| AED 2.60M | 3 BR Apartment · 1,455 sqftAshley Hills · Arjan | 22 Oct |
| AED 2.32M | 3 BR Apartment · 1,455 sqftAshley Hills · Arjan | 20 Oct |
| AED 2.30M | 3 BR Apartment · 1,312 sqftLuma Park Views · Jumeirah Village Circle | 12 Sept |
| AED 2.28M | 3 BR Apartment · 1,309 sqftLuma Park Views · Jumeirah Village Circle | 30 Jul |
| AED 2.23M | 2 BR Apartment · 1,349 sqftAshley Hills · Arjan | 19 Oct |
Questions about TownX Real Estate Development
What is the average price per sqft in TownX Real Estate Development?
The median sale price in TownX Real Estate Development over the last three months was AED 1,467 per sqft (median sale AED 1.09M), based on 101 sales registered with Dubai Land Department.
Are property prices in TownX Real Estate Development going up?
Like-for-like prices per sqft are up 1.2% on a year earlier and up 1.5% on the previous three months.
How many properties were sold in TownX Real Estate Development in the last year?
490 sales worth AED 622M were registered in the last 12 months: 51% developer off-plan, 1% off-plan resales and 49% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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