How sales trends have changed in Dubai's top areas

How sales trends have changed in Dubai's top districts

Алексей
Alexey
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29 Sep 2024
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article
29 Sep 2024
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The districts of Dubai Marina and JLT are neighbors, separated by Sheikh Zayed Road. The first is a resort destination with beaches, the sea, a shopping mall, and the Pier 7 restaurant complex. The second is a business hub with office towers, three lakes, and a green park.

Let’s take a look at how sales in Dubai Marina and JLT have evolved over the past year.

🔴 Dubai Marina 🔴

• -2% to $694,000 – average transaction price.

• -1% to $4,800 – average price per square meter.

• -1% to 851 – number of transactions.

🔴 JLT 🔴

• +23% to $402,000 – average transaction price.

• +12% to $4,600 – average price per square meter.

• +4% to 3,785 – number of transactions.

Why the figures differ

Dubai Marina was one of the first areas to be developed, and the residential stock is long established with few remaining plots for new construction. In JLT, by contrast, there are fewer tourists and the pace of life is more relaxed.

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