Fortune Tower — sale prices & transaction history

Fortune Tower sale prices by floor area

Median recorded prices for Fortune Tower by floor area. 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 462 secondary-market office sales. These are the prices buyers actually paid — not asking prices, and not a district average.

A size band 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. Rows can sum to less than the building total — a transaction recorded without a usable floor area belongs to no band.

Most recent Fortune Tower transactions

The newest individual secondary-market office sales 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 Fortune Tower

• This is a secondary register of completed offices. An office owned by the business that occupies it is sold on that business's timetable — a relocation, a downsizing or a closure — rather than on the market's.
• The smallest and largest size bands trade rarely here. Where an office size changes hands only occasionally, there is little current evidence for either side, and a seller who needs to close has to meet the buyer who is there.
• Office service charges are levied per square foot and keep running while a unit stands empty, which pushes the owner of a vacant office toward a sale.
• Some owners of an office with a dated fit-out price below the market rather than pay for a refit before selling.

What to check before you offer on Fortune Tower

• Check the period printed beside a band before using its figure. The largest band is priced on its whole record, so its figure can describe an older market than the bands priced on the last twelve months.
• Confirm the building name on the title deed before comparing prices. Fortune Tower and Fortune Executive Tower are separate registers with separate sale histories.
• Establish whether you are being offered shell-and-core or a fitted office, and who paid for the fit-out. Two units of identical size on the same floor can sit a long way apart on price for that reason alone — the register records what was paid, never the condition it was paid for.
• Ask whether the unit is vacant or tenanted and how long the lease has left. A sale with a sitting tenant transfers that lease with it, which can be the reason a price looks soft or the reason it is firm, and it decides what you can do with the space on day one.
• Ask for the current service charge per square foot and the last two years of it. Office service charges in Dubai are set per building and reviewed annually, and on a whole-floor unit a rise of a dirham or two per square foot comes straight off the net yield rather than out of a household budget.
• Ask which register the unit sits on. A completed office 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.

Fortune Tower — common questions

Is this the same register as Fortune Executive Tower?

No. The Land Department keeps a separate register for Fortune Executive Tower, and this page covers Fortune Tower only. Every figure here is computed from Fortune Tower's own recorded office sales.

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 unit.

How current is this register?

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