Fairmont Residences - Sold Prices - Market Trends
Fairmont Sold Prices are Leveling Out.
Author Gareth Davies - Award Winning Broker and Property Consultant
Fairmont Sold Prices are levelling off and are following a general trend for Palm Jumeirah during the past 6 months. The average Sold Price for apartments at Fairmont Residences in terms of AED/sq.ft indicates : -
8.2% growth during the past 12 months
-0.5% reduction in the past 6 months
Buyer Demand is mainly from buyers who want to purchase apartments and occupy them. Vacant on transfer apartments can achieve from 5% to 15% more than identical leased apartments with tenants occupying.
Source: PropertyMonitor.ae
The number of Sold Apartments decreased each quarter-year during 2023 but there is some improvement in quarter 1 of 2024.
SOLD PRICES
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
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