Tiara Residences - Sold Prices - Market Trends
Tiara Residences : Sold Prices and Market Trends
Author: Gareth Davies - Award Winning Property Consultant
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.
Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)
Source: Property Monitor
Sold Prices at Tiara Residences
Vacant apartments are achieving from 5% to 15% more than rented apartments because most of the buyers who want to purchase and occupy Palm apartments are not prepared to wait 12 months after Notices to Evict are served on existing tenants.
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: Property Monitor
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