12 August 2015
Cosmopolitan, stylish and modern, the Dubai Marina area offers urban living to its residents. The area combined with Jumeirah Beach Residence reported higher apartment sales than Downtown Dubai this year by AED 6.8 million. Closing transactions over AED 348 million, the Dubai Marina and Jumeirah Beach Residence area offers a price per square feet of AED 1889 for apartments above AED 5 million in comparison to Downtown Dubai's rather hefty AED 3775.5 per square feet, according to REIDIN. REIDIN data additionally reveals that these two areas sold 40 units in the first half of 2015.

The Dubai Marina is home to several high-rise and iconic buildings, the most notable being Le Reve, Emirates Crown and the Cayan Tower. Emirates 24/7 reported this week that the most expensive apartment deal recorded in Q2 2015 was sold to a Saudi national for AED 25 million for a 10,970 square foot apartment in Cayan Tower. In comparison, the most expensive apartment in Jumeirah Beach Residence sold for a comparatively modest AED 10.2 million for a 5,909 square feet apartment.

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© Press Release 2015