Shoreline Apartments - Sold Prices - Market Trends
Market Trends and Sold Prices at Shoreline
Author: Gareth Davies - Award Winning Broker and Property Consultant
Shoreline has become mainly an owner-occupier / end-user market rather than an investor-buyer market.
From my experience of property sales and trends during the past 36 years, I can comment that the more gradual, sustainable growth of 2024 causes less risk of “the property bubble bursting” than the erratic growth or 2023.
Sold Price Growth.
The average sold price (AED/sq.ft) increased by 24% during the past 12 months.
The growth has slowed to 4.33% during the past six months but the growth is still positive.
The Number of Apartments Sold each Month.
The number of apartments sold each month of 2024 has been less than the same month in 2023.
The majority of potential buyers want to purchase and occupy their next home (end-users / owner-occupiers).
The lack of vacant on transfer apartments that has generally caused the slow-down of sales volumes.
Owners’ expectations of sale prices had been increasing more quickly than the amount of money buyers were prepared to pay. However, the gap between the average listing price and offers received from buyers is becoming closer at 87%.
The average Asking Price / Listing Price compared to the average Sold Price
Earlier this year, owner’s expectations were increasing more quickly than the average sold price (AED/sq.ft). However, the difference is becoming closer, with the average sold price being at 87% of the average listing / asking prices.
Sold Prices at Transfer
J Type. 1-Bedroom.
B Type. 1-Bedroom. Park Side.
B Type. 1-Bedroom. Beach Side.
D Type. 2-Bedrooms. Park Side.
D Type. 2-Bedrooms. Beach Side.
E-Type. 2-Bedrooms. Park Side.
E-Type. 2-Bedrooms. Beach Side.
F-Type. 2-Bedrooms. Park Side.
F-Type. 2-Bedrooms. Beach Side.
A-Type. 3 Bedrooms. Park Side.
A-Type. 3-Bedrooms. Beach Side.
C-Type. 3-Bedrooms. Park Side.
C-Type. 3-Bedrooms. Beach Side.
Penthouses on Park Side
Penthouses on Beach Side
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