Marina Residences - Sold Prices - Market Trends
Sold Prices and Market Trends at Marina Residences, Palm Jumeirah
Author Gareth Davies - Award Winning Broker and Property Consultant
The Marina Residences community has performed better than most of the other Palm Jumeirah buildings / communities during the past 12 months. However, similar to most other communities and buildings at Jumeirah, the growth has slowed during the past 6 months and there are signs of the market leveling out.
The average growth of sold prices (AED/sq.ft) summary is:
Past 12 months:
Marina Residences: 20.16% growth
Palm Jumeirah: 12.48% growth
Past 6 months:
Marina Residences: 4.74% growth
Palm Jumeirah: 2.43% growth
Vacant on Transfer apartments are still achieving the top prices and are often 5% to 15% higher than identical leased apartments.
Graph: Palm Jumeirah : Sold Price Growth
Source: Property Monitor
Graph: Marina Residences : Sold Price Growth
Source: PropertyMonitor.ae
SOLD PRICES
Source: Propertymonitor.ae and Dubai Land Department
Source: Propertymonitor.ae and Dubai Land Department
Source: Propertymonitor.ae and Dubai Land Department
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