Fairmont Palm Residence North — sale prices & transaction history

Fairmont Palm Residence North sale prices by bedroom

Median recorded prices for Fairmont Palm Residence North by bedroom count. Each row is priced on the last 4 months wherever that period holds enough sales, and steps back only as far as it has to — 12 months, then 3 years, then the whole record. The period each row actually covers is named beside it, with the number of sales behind it, so you can see exactly how thin or deep the figure you are reading is. Every row also shows what has traded in the last 4 months, including when that is nothing — set against the full record of 769 recorded transactions. These are the prices buyers actually paid — not asking prices, and not a district average.

A bedroom type with fewer than five recorded transactions keeps its count and loses its median: below that sample a middle value is arithmetic, not a market rate. A median taken across the whole register mixes prices from every year the building has traded, so each row above is priced on the most recent period that clears that threshold. Where a row shows a “middle half” range, its sales do not cluster around one figure: the middle fifty per cent of them span more than half again the price of the lower quarter. That happens in this register when units of the same stated type are not really the same product — a different aspect, floor or layout — and it means the median on that row is the midpoint of a spread rather than a typical price. Read the range, and price a specific unit against the sales nearest to it. Rows can sum to less than the building total — very large units are held out of the table for the same reason.

Most recent Fairmont Palm Residence North transactions

The newest individual recorded transactions on the register, exactly as recorded. A median is a claim we vouch for; these are facts you can check against the Land Department yourself.

Why below-market resale shows up in Fairmont Palm Residence North

• Beach-front holding costs. A Palm Jumeirah apartment carries one of the higher service charges per square foot in Dubai, and it falls due whether the unit is let, lived in or empty — which is what turns a long hold into a decision.
• A second-home register. Much of this stock is owned by people who do not live in it full time, so sales follow a change in the owner's circumstances abroad rather than anything happening in the Dubai market.
• Large-unit illiquidity. The bigger layouts here have far fewer buyers than the one and two-bedroom tiers, and an owner who needs a definite completion date rather than the best possible price will price accordingly.
• Mortgage exposure. Apartments bought with finance near a price peak tend to be among the first to reach the market when a repayment schedule stops working.

What to check before you offer on Fairmont Palm Residence North

• Confirm which of the two residences the unit is in. North and South are separate registers at the Land Department, and a price quoted for "Fairmont Palm Residence" without a side could belong to either.
• Check the unit's recorded floor area against the median size on its row, particularly above two bedrooms. Sizes vary widely enough here that a row median can describe a very different apartment from the one you are being offered.
• Ask for the current service charge per square foot and the last two years of it. In Dubai it is set per building and reviewed annually, and a rise of a dirham or two per square foot moves a mid-size flat's running cost by thousands a year.
• Ask which register the unit sits on. A completed home changes hands on the secondary register at the Land Department; a pre-handover unit is an assignment of the original sale contract, needs the developer's no-objection certificate, and carries whatever is left of the payment plan.

Fairmont Palm Residence North — common questions

Is this the same as the Fairmont hotel on Palm Jumeirah?

No. This page covers the residential building the Land Department registers as "The Residences North" under the Fairmont Palm Residence project. It reports sales of apartments in that building and makes no claim about hotel operations, services or facilities.

Why does the table not cover the South residence?

Because the Land Department holds them as separate registers, and combining them would produce a figure that describes neither building. Every number on this page is scoped to the North residence alone.

Is the price data on this page asking prices or actual sales?

Actual sales. Every figure comes from the Dubai Land Department's record of completed transactions — the price recorded when ownership legally changed hands.

Why can rows in this table cover different periods?

Because each row is priced on the most recent period that holds enough of its own sales: the last four months first, then the last twelve months, the last three years or the whole record. Each row names the period it uses, and a row whose sales are too few even over the whole record keeps its count but shows no price.

Can I tell from this data whether a unit is selling below its original price?

No. The Land Department records a developer's first sale and a pre-handover resale under the same code, and the export carries no unit identifier, so an original price cannot be traced to a later sale of the same apartment.

How current is this register?

The page states the date of the most recent recorded sale it holds and recomputes every figure on load. Records arrive in batches, so the newest few days are typically not yet included.