Oceana Residences - Sold Prices - Market Trends
Sold Prices and Market Trends for Oceana Residences.
Author: Gareth Davies - Award-Winning British Property Consultant
During 2023, the Sold Prices at Oceana (AED/sq.ft) levelled-off in line with the general trend at Palm Jumeirah. However, during the past 3 months there has been positive growth of 4.46%.
Source: PropertyMonitor.ae
The number of Sold apartments each quarter-year is shown in the graph below. The decrease in Q3 is due to the seasonal slow-down in activity experienced during the hot summer months.
Data source: PropertyMonitor.ae
Market key points:
Investor-buyers are being attracted by the off-plan market where developers are offering very attractive payment plans including post-handover payments.
There are a lot of Buyers requiring vacant apartments to purchase and occupy themselves but there are only a few available in any month. These potential owner-occupiers will often pay from 5% to 15% more for a vacant on transfer (VOT) apartment than a leased apartment with a tenant occupying,
European buyers are generally attracted to white of light-coloured kitchen cabinets, living rooms with plenty of daylight and bathrooms which have good lighting (such as LED recessed ceiling lights).
Sold Prices at Dukes Oceana
Source: Property Monitor
Sold Prices at Oceana Residences
Source: PropertyMonitor.ae
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