Apr 10

Apr 10 Tiara Residences - Sold Prices - Market Trends

Tiara Residences : Sold Prices and Market Trends

Author: Gareth Davies - Award Winning Property Consultant

During 2023, the average sold price of Tiara Residences apartments (AED/sq.ft.) followed the leveling off trend which had been seen generally at Palm Jumierah.

Sold Price Growth (appreciation) has improved during the last 3 months with 6.9% growth.

Market activity is less than for the same period in 2023. However, there is still good demand from buyers for vacant apartments with most buyers looking to purchase their next home.

SOLD PRICES AT TIARA RESIDENCES

Vacant apartments are achieving from 5% to 15% more than rented apartments because 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.