Fairmont Residences - Sold Prices - Market Trends
Fairmont Residences - Sold Prices.
Author Gareth Davies - Award Winning Broker and Property Consultant
Fairmont Sales since 28th February 2026. In periods of uncertainty, during the first two months (March and April) the signs of change do not usually appear as dramatic falls in the sale prices at transfer / sale completions. This is mainly because of the period from signing a Form F (Sale and Purchase Agreement) and Transfer Day can be from one week (where no mortgages are involved) to eight weeks (where both the seller and buyer have mortgages).
More often, the signs of change show up in behaviour first: fewer decisions, slower deal flow, buyers expecting discounts and more caution from buyers before they commit.
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.
Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)
Since the start of the Middle East geo-political conflict on 28th February, the Palm Jumeirah sales market has been affected less significantly than many real estate economists predicted. There has been a decrease in the number of transactions but the reduction in the average sale price (AED/sq.ft) has only been -4.26%. During the summer months in Dubai it is not uncommon to experience slower growth and sometimes a negative movement in prices.
SOLD PRICES
Source: Property Monitor
Source: PropertyMonitor.ae
Source: Property Monitor
Source: Property Monitor
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Author Gareth Davies - Award Winning Broker and Property Consultant
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